
Get exclusive money-saving offers and guides
Straight to your inbox
Updated
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
If you've noticed some mistakes on your credit report that are impacting your credit score, you can either resolve the issues yourself or get help from a credit repair agency. Getting professional assistance can sometimes cost up to $1,000. However, if you can remove any incorrect black marks from your file, the positive impacts on your credit score could be worth the cost.
You can use this guide to understand what will impact the cost, discover the benefits and get a free copy of your credit report.
Banks know your credit score, so why shouldn't you? The Finder app updates your score automatically each month and lets you know if it changes. Pop in your phone number below to get your download link.
By submitting your phone number, you agree to the Finder privacy policy and terms of use
Costs of credit repair, sometimes called 'credit fix' or 'credit wash', vary between credit repair providers and may depend on the listings that need to be removed. Generally, you will need to pay an initial consultation fee which can cost up to a few hundred dollars. There will then be a fee charged for each listing the company successful removes. This varies as well but is also a couple of hundred dollars. According to ASIC, some listings can cost as much as $1,000 to repair.
Please note that credit repair agencies can only remove incorrect listings. Make sure you get a full list of the fees and charges before you agree to pay for the initial consultation.
If you find incorrect listings on your credit report, you can try to resolve them yourself for free. If you haven't already checked your credit report, you can order your free credit report with finder and start reviewing the listings on your report.
You can contact the credit reporting bureau that issued your report and ask them to remove the listing directly. If they refuse and you're sure that the listing is incorrect, you can contact an Ombudsman external dispute resolution service to help resolve your case. You can also contact a free and confidential financial counselling service or call the National Debt Helpline on 1800 007 007 for assistance.
If you decide to get assistance from a credit repair company, the following factors will impact how much you'll pay:
How to repair your credit file with Princeville Advocates
If you have legitimate incorrect listings on your credit file, here are some of the benefits of seeking the help of a credit repair company:
While the costs will vary between different cardholders, credit repair does come at a cost. However, if you decide to get your credit repaired professionally, the benefits it will have on your finances will outweigh the fees in the long run. See our guide on how to repair your credit file for more tips and tricks for getting your finances back on track.
Get your credit score and comprehensive report now!
Images: Shutterstock
Earn Altitude rewards with Westpac’s Altitude Platinum credit card, while enjoying the benefits and privileges of platinum status.
These are the 6 best Ukuleles you can buy right now in Australia.
From costs and finance options to what materials you’ll need, learn about bathroom renovations in this comprehensive guide.
There’s no shortage of cooling options when camping, working or four-wheel driving, but what are the best portable fridge freezers in Australia?
These are the best 55-inch TVs you can buy right now in Australia.
Find out how much a colonoscopy costs in Australia and how you can avoid paying heaps.
Find out how much veneers cost in Australia and how you can avoid being hit with a big bill.
Find out how much dentures cost in Australia and how you can get cover with mid-level health insurance.
We’ve searched high and low to find the best work boots you can buy in Australia right now.
These are the 9 best external hard drives you can buy right now in Australia.
I want to repair my credit file, please help me.
Hi Faitauga,
Thank you for reaching out to finder.
You may follow the steps on our complete guide to credit repair here. There are four simple questions that you’ll see on that page that you may answer and it will let you know if you are eligible for a credit repair. The page also discusses your repair options such as using a credit repair service or doing a DIY repair.
Hope this helps, Faitauga.
​Please feel free to contact us back should you require further assistance.
Kind Regards,
Mai
Hi. I have recently been declined a Mortgage extension. The banks reason for declining was a “busy” credit rating in the words of the bank officer. What the heck is that and can it be rectified, and if so, how much??
Cheers,
Keith
Hi Keith, thanks for getting in touch with us!
Please refer to the following link for more information on the credit repair process.
Cheers,
Jonathan
Hello, are you providing this service (credit repair)? Or can you give me info on other companies who specialize in this sort of business such as Clean credit?
Thank you
Stan
Hi Stan, thanks for your inquiry.
Please note that finder.com.au is a comparison service. Please see this page for more information on credit repair companies in Australia.
Cheers,
Jonathan
How much the cost of clearing the credit file?
Hello Farida,
thanks for the question.
The cost of credit repair usually depends on the number of faults on your file you wish to seek corrections for. Each correction will involve the credit repair agency assessing the mark on your file, investigating and negotiating for its removal if possible, and then removing the listing from your credit file. This page lists what you can expect to pay if using a credit repair company such as Princeville Credit Advocates.
Cheers,
Marc.