Want to know more about how managing debt with Australian Receivables Finance affects your credit score?
Will paying Australian Receivables Finance improve my credit score?
Once your account has been finalised, we will notify the appropriate credit reporting bureaus. Any active default listings will be updated to paid and that could positively impact your credit score.
Does this debt affect my credit score?
It is possible that your score will already have been impacted due to missed payments with the original company you signed up with and may have been default listed with them. If no payment is made with Australian Receivables Finance, a Default Listing can be placed on your account as a result of this (if one does not already exist in relation to the account).
If you clear the debt with us, we will notify the credit reporting bureaus and any default listings will be updated accordingly. This may have a positive impact on your overall credit score.
What happens if I have a Default Listing?
It is possible that your account with Australian Receivables Finance may have an active Default Listing that is now shown on your credit report. Having a Default Listing may impact your ability to obtain some forms of credit in the future.
If you finalise your account with us, we will notify the appropriate credit reporting bureaus and any default listings associated with your account(s) will be updated accordingly. This may ultimately have a positive impact on your overall credit report.