Could a spike in credit defaults from Gen Y be part of the housing crisis?

Press Release Could a spike in credit defaults from Gen Y be part of the housing crisis? 13 March 2013 More of Australia’s new generation of first home buyers are living with credit defaults and a consumer advocate for accurate credit reporting says this could be a contributing factor in Australia’s dim first home buyer figures – with Gen Y facing credit lockdown in increasing numbers. According to a recent report from credit reporting agency Veda Advantage, the number of credit defaults amongst Gen Y has grown 5.3% over the past three years [...]

2017-09-05T05:25:11+00:000 Comments

Vodafone customers – ‘desperate and defaulted.’

Media Release Vodafone customers - ‘desperate and defaulted.’ 5 March 2013 A Queensland family should have been relaxing in their newly purchased home after an interstate transfer, but instead they have been fighting Vodafone over a default which saw them lose their house contract – a default which they say, was ludicrous. Up till now, Alastair and Nikki Taylor have not been able to join the 20,000-plus Vodafone customers who are mounting a class action against the telco, because doing so could have damaged their dispute case against their Vodafone default listing. [...]

2017-09-05T05:25:12+00:000 Comments

Don’t launch a cyber-assault on Australian businesses – just look in their rubbish bins.

Media Release Don’t launch a cyber-assault on Australian businesses - just look in their rubbish bins. 21 February 2013 The identities of thousands of Australian consumers could be at risk every day through simply having their personal information dumped into the rubbish bins of Australian businesses, and a consumer advocate for accurate credit reporting says this practice is an appalling oversight when personal information has become so valuable to fraudsters. The National Association of Information Destruction (NAID-ANZ), which is the peak body for the secure destruction industry, recently hired a detective agency [...]

2017-09-05T05:25:12+00:000 Comments

Threat of identity theft looms as business cyber-assaults take new form.

Media Release Threat of identity theft looms as business cyber-assaults take new form. 20 February 2013 The ramping up of efforts by fraudsters to go after Australian businesses holding personal information could contribute to a greater risk of identity theft and subsequent credit fraud for Australian consumers, warns a consumer advocate for accurate credit reporting. Yesterday new Attorney-General, Mark Dreyfus QC advised that recent national survey results for more than 250 major businesses show cyber-crime is becoming increasingly targeted and coordinated, with one in five businesses experiencing one in the last year. [...]

2017-09-05T05:25:12+00:000 Comments

Credit rating self-checks essential for prospective home buyers

Media Release Credit rating self-checks essential for prospective home buyers. 19 February 2013 A credit rating self-check should be top priority for prospective home buyers before finance application to ensure ‘surprise’ bad credit doesn’t mean they lose their dream home, according to a consumer advocate for accurate credit reporting. CEO of MyCRA Credit Rating Repair, Graham Doessel, says a credit file check will reveal any adverse listings which will lead to credit refusal. “Home buyers should ignore their credit file when applying for finance at their own peril. In many instances it [...]

2017-09-05T05:25:12+00:000 Comments

A ‘fair go’ in the credit system for those under financial strain still a way off.

Media Release Financial Hardship A ‘fair go’ in the credit system for those under financial strain still a way off. 14 February 2013 From March 1, national credit reform will see steps made towards a fairer credit system for disadvantaged Australians, but whilst a consumer advocate for accurate credit reporting welcomes the changes, he says those consumers suffering credit impairment may still come across difficulties getting fair treatment in the credit reporting landscape. CEO of MyCRA Credit Rating Repair, Graham Doessel says for those Australians experiencing financial hardship, better protections [...]

2017-09-05T05:25:12+00:00Comments Off on A ‘fair go’ in the credit system for those under financial strain still a way off.

Prevent a credit default during a time of mortgage stress.

Media Release Prevent a credit default during a time of mortgage stress. 12 February 2013 For the thousands of Australian home owners who are under financial strain, interest rate cuts may have come too little too late – but a consumer advocate for accurate credit reporting says those families falling behind on mortgage repayments need to be educated about what they can do to try to keep their home and their good credit rating. CEO of MyCRA Credit Rating Repair, Graham Doessel says it is vital that when someone is suffering financial [...]

2017-09-05T05:25:12+00:000 Comments

Lonely hearts ripped out and ripped off this Valentine’s Day by scams.

Media Release Lonely hearts ripped out and ripped off this Valentine’s Day by scams. 7 February 2013 A warning this Valentine’s Day for those who use internet dating: be on the lookout for scammers. A consumer advocate for accurate credit reporting warns that getting sucked in by a scammer may not only leave you broken hearted, but can also leave you broke. CEO of MyCRA Credit Rating Repair, Graham Doessel warns that because of the personal nature of dating scams, many intimate personal details may be shared, and scammers could not only [...]

2017-09-05T05:25:13+00:000 Comments

Safer Internet Day: Protect your child’s identity online

Media Release Safer Internet Day: Protect your child's identity online 5 February 2013 On Safer Internet Day, parents and carers need to know their kids may be risking their identity and future credit rating by posting volumes of personal information to open forums and other sites, a consumer advocate for accurate credit reporting warns. “The harsh reality is if you’re a young person in Australia today you are not immune to identity fraud. Even though you are not yet credit active the personal information you make public today could be used against [...]

2017-09-05T05:25:13+00:000 Comments

Know the credit file risks before co-financing with a sibling

Media Release Know the credit file risks before co-financing with a sibling. 1 February 2013 Real estate agents have recently reported an increase in siblings co-financing on homes in order to break into the property market, but this has a consumer advocate for accurate credit reporting concerned that some siblings could be getting financially involved without understanding the full implications for their future. CEO of MyCRA Credit Rating Repair, Graham Doessel says real risks can arise when anyone co-finances, for both their relationship and their credit rating. “I understand it is hard [...]

2017-09-05T05:25:13+00:000 Comments