Credit Reporting and Credit Repair

Kingsford Lawyers prides itself in maintaining a medium firm feel by treating each client with care and consideration.

Credit Repair Lawyers to Fix Your Credit Score

Our team at Kingsford lawyers has extensive experience with credit reporting and cleaning of your credit report and importantly your credit score. Whether you are a business or an individual, we will have the right solution for you.

What is a Credit Score

Your credit score is calculated by the credit reporting bureaux in Australia. Your credit score is used by lenders to determine whether they will approve you for credit for a credit card, home loan, or business loan. If you have a low credit score or adverse listings showing on your credit report, you may be rejected time and time again for any lines of credit as you will be deemed as a high-risk application. This is where Kingsford Lawyers can help.

The largest credit reporting bureaux are Equifax and Illion. Equifax’s credit score system, for example, is a number system that provides you with a credit score ranging between minus 200 and 1200, the higher the number, the higher your chance of obtaining credit is.

Our team of lawyers is trained to review your credit report and find any inaccurate information, negative events, or any information that is causing poor creditworthiness in the eyes of lenders.

How to Repair Your Credit Score

We will analyse your credit report, provide written advice, outline any adverse listings, and inform you of the action required to clean your report and improve your credit score.

We work towards clearing your defaults (where possible) default judgments, Court actions and work towards providing you with a cleared copy of your credit report and score. The fields we are experienced in include:

With your profile cleaned up, you can expect higher chances of getting the green light for a loan. Whether you’re taking it out for a new house or business location, your profile should be as spotless as it can be.

Often, several options exist to improve your credit score with no shortcuts. It’s important to run a credit check first to determine which of them is best for your case.

No two credit files are the same, we never provide one-size-fits-all repair solutions, Kingsford Lawyers takes the time to assess your financial situation, check your credit file for what will make you appear as a high-risk borrower to lenders, and in simple terms, we will provide a scope of works in repairing your credit report and help you maintain a higher credit score. Following the review, our team can advise the best course of action on how to best clear inaccurate defaults, court judgments, and expired records from your file.

What are the Consequences of a Judgement

Negatively affects the company’s credit score;
Rejection of new trade accounts and or loan/credit applications;
Trade supplier accounts may be cancelled or stopped;
Cash on Delivery Payment terms may be initiated from suppliers;
Insurances may be cancelled or you may be sent a show cause notice;
The judgment will remain on your file even if the debt has been paid in full

What Happens if you Do Nothing?

Once a judgment has been obtained, there is a wide range of options available to your creditor to enforce the debt, these can include:

Sheriff may arrive at your place of business to seize assets;
Warrant to seize property;
Oral examination for directors whereby they may be called into court to discuss the company’s financials position, assets, and trading;
Garnishee Order may occur whereby the debt owing to the creditor will automatically be withdrawn out of your company bank account;
Statutory demand document may be sent which can lead to the presumption of insolvency by the courts if not addressed within 21 days;
Winding up application may be made to liquidate the business.
Bankruptcy

Call Kingsford Lawyers today so we can take the stress and worry away.

Whether you are a business or an individual, we will have the right solution for you

We Help Fix Your Credit Score

One of the biggest reasons businesses reach out to us is that they have had a court judgment placed against their credit report, sometimes completely unknown of at the time and only find out once the credit is denied.

A Judgement is a court order that places and adverse listing against the company’s name through the credit bureau. This adverse listing remains listed on your credit report for 5 years.

Kingsford Lawyers assists businesses to restore their creditworthiness by completely removing the judgment from your credit file legally and permanently as if it were never there subject to your creditor’s consent.

Once we are engaged we will act quickly to negotiate with the creditor to ensure no further legal action is taken in enforcing the debt and this, in turn, will reduce the thumbprint of legal costs and interest which you may be liable to pay the longer the judgment remains undealt.

Simply just paying the debt to the creditor does not remove the judgment from your company’s credit file, there is a process that must be followed and part of this process involves an application being made to the court. As part of our service, once we are engaged and have settled the matter with your creditor, we make this application to the court on your behalf.

our satisfied clients

After a particularly distressing time buying what we thought was a viable business turning into a complete nightmare and contacting many Solicitors for help, I came across Kingsford Lawyers Can I just honestly say the process was so comforting, Jasmina kept constant contact with me and did not stop with what was a difficult situation until she got her desired result.

I have no hesitation in recommending this company they completely changed our lives.

A big Shout out to Krissy and Victor, thank you for handling our case in such a professional manner and getting us the fabulous results we got.

Finally, we have our life back thanks to your expertise and efforts. A special thank you to Krissy for having such a big heart and caring about us in our darkest hours. Finding a solicitor with compassion and kindness is pretty rare.

I would have no hesitation in recommending both of you to others.

Kingsford lawyers have been a beacon of hope to me at a time when my options appeared limited and the likelihood of a satisfactory resolution seemed nigh on impossible”.

The Kingsford lawyers were not only able to successfully defend me out of bankruptcy, their calm empathetic demeanour, offered me emotional support when I needed it the most. They went back to basics and drew out the facts with the utmost intellect and precision.

My only regret is not appointing them sooner. Thank you for helping me rebuild my life - you’re in a league of your own Kingston Lawyers.

Kingsford Lawyers are a diligent and highly professional team who are quick to navigate and decipher the key issues at hand, from the most complex of matters.

After my initial meeting with the team, I knew that I was in safe hands. I had absolute confidence in their ability to represent me and negotiate a successful outcome. Kingsford Lawyers demonstrated expertise and through a carefully crafted strategic plan of action, were able to bring my entire litigation matter to a favourable resolution.

Their superior level of legal advice and meticulous focus is unwavering.

The best immigration agent & Lawyer (Madeleine) in my whole immigration process experience.

They did not just sort my case and finalise it, but also have always been supportive and polite. They were very responsive and were ready to clarify any confusion I had.

Strongly recommend 100%, you can hand them your case and trust them blindly for the best and quick solution.

I was considering the purchase of a property that falls outside normal conveyancing procedures.

Jasmina provided excellent, clear and lucid advice about the sales contract and the potential pitfalls, both now and into the future. I was most impressed with her professionalism and the time that she was prepared to explain the issues drawing on her previous experiences with similar contracts.

I would highly recommend Kingsford Lawyers to anyone who might be considering moving into a "Lifestyle" community

I strongly agree with my brother that Kingsford Lawyers are the best, and well experienced in their field.

My brother recommended consulting with Madeleine; she presented my documents so well that I was granted my visa within 3 weeks. She has always been supportive and friendly.

You can give her your case and can trust her indiscriminately.

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