A court judgment is usually the consequences of not attending your court date in regards to discussing the outstanding debts.
A consumer payment default is a debt equal to or more than $150 and is more than 60 days overdue.
Credit defaults will stay on the credit file for five years, and unknown to common belief, paying the debt does not remove it. The consequences of having bad credit can result in severe financial hardship, incredibly high-interest rates and sometimes not even obtain the essentials like a new mobile phone contract or utilities. The circumstances around getting bad credit can vary from moving address, lost mail, relationship break-ups, financial hardship and disputed invoices. The good news is we can remove that bad credit, and this is regardless of if the account is outstanding or paid; this is achieved by stating the legislation the company had breached before it was listed against you.
1 in 4 Australians struggles with obtaining a reasonable interest rate due to a low credit score, usually due to a negative listing being recorded upon their credit report. Unknown to common belief, paying the debt does not remove the default listing. Default listings can be removed but only by validating a breach of the Privacy Act 1988 and the Credit Reporting Code of conduct before the default was entered. So this is where my expertise and commitment could assist with regaining back their financial security.