One of Australias leading credit repair companies Credit Repair Clinic encourages those seeking repair of their credit history to only engage an organisation that charges all fees on a no win – no pay basis.
[Mrs Mary Trimarchi](http://creditrepairclinic.com.au) principal of Credit Repair Clinic said, œThose seeking to clean up their credit history should only engage credit repair companies that fully understand the complexity of the work. Too many people proceed with inexperienced operators and pay high fees up front for removal of defaults when not all can be removed.” He She went on to say, œWe only charge fees on a no win – no pay basis and our clients appreciate this transparency.”
There is quite an array of billing methods employed by credit repair companies from a single up front fee, billing scale percentages for completed work, right through to the no win – no pay method that Credit Repair Clinic employs. To learn more about this billing method visit the website via this [link](http://creditrepairclinic.com.au).
Mrs Trimarchi said, œIt is important that the company engaged also looks at all credit reporting agencies and no just VEDA. There have been numerous instances with competitors only cleaning up the credit history on some databases like Veda and not all platforms being used by financial institutions. We ensure a comprehensive clean of the clients credit record is achieved and only then request any payment.”
Not many people know the benefits of having their credit history repaired. The savings can be significant as shown in the following example: The interest rate difference between a good loan to someone with a good credit record and what is offered to a borrower with an impaired history can be in the order of 3%. On a $100,000 loan paid back over 10 years, the savings over the ten years in getting the credit history fixed prior to getting the loan advanced and avoiding this penalty margin can be in the order of $25,000.
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