Explainer
On YouTube as: Can Your Remove A Default?Short answer. Sometimes, yes. In Australia a default has to follow rules around notices, timing, reporting and accuracy. Where that process was not followed correctly, the listing may be able to be corrected or removed, even where the debt itself was genuine.
Can a default be removed in Australia? Most Australians think that once a default is listed, that is it. But that is not always true. In Australia, defaults actually have rules around notices, timing, reporting and accuracy. And honestly, a lot of people never question whether the listing was actually done correctly. We regularly see people trying to apply for home loans years later, only to discover small issues on their credit file are holding them back. The biggest mistake? Ignoring it and hoping it disappears. If you are applying for finance soon, understanding your credit file properly can actually make a massive difference. Got a messy credit file? Let us see what we can do.
Common questions
Paying a listing does not by itself remove it from the credit report. It is generally marked as paid and remains for the retention period unless it was listed incorrectly.
Generally five years, and up to seven where a listing has been recorded as a serious credit infringement.
The investigation is free. We review your report and tell you the same day whether we believe there is an issue worth acting on.
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