How to Repair Bad Credit

Many people have bad credit and don’t even realise it until it’s too late – the bank or lender has told them “No” because of their bad credit.  The good news: it can often be relatively easy to fix bad credit and save you a lot of money over the long run.

At Cash Direct, we coach our customers to be on the front foot.  Get your personal credit profile in order before applying for a loan.  Avoid the bank or a lender saying “No”, but also get the best loan at the best rate, and protect your long term credit history.

Your personal credit report holds important information about your borrowing history that banks and lenders use to determine whether they can lend to you.  Put simply, a bad credit history can limit your borrowing options throughout your life, meaning you won’t get the loan you need when you need it, and ultimately pay more interest.

At Cash Direct we know what lenders look for, and can help you repair bad credit, often with minimal fuss.


The Cash Direct Credit Repair Approach focuses on 5 Steps:

Step 1:  You tell us about your circumstances.

  • Who you are
  • Your current earnings and budget
  • Bad debts you’ve incurred in the last 5 years
  • Your borrowing needs and objectives

Step 2: Cash Direct accesses and reviews your Personal Credit Profile
Once you have agreed to our Terms of Use we can then attain a copy of your personal credit report from an agency such as Veda Advantage or Dun and Bradstreet.

Step 3: Cash Direct Identifies Credit Repair Opportunities
From reviewing your circumstances and your personal credit report, we can identify aspects and records contained within your personal credit report that can potentially be changed.  We will consult with you and make suggestions about what and how we can challenge a Credit Agency.  If successful, it could help improve your ability to borrow, and often at lower rates than what you have been paying.

Step 4: You and Cash Direct Agree to a Credit Repair Action Plan
Once we’ve reviewed your opportunities, we’ll set out a plan to repair your bad credit.  The plan will include a time line and responsibilities for both us and you to commit to in order to repair your credit profile.

Step 5: Cash Direct Helps Find You a Better Loan
Armed with a better credit profile, we can then identify the loan you need, and often at a much lower interest rate than what you previously could have attained with a bad credit profile.

Take control of your credit profile and you can reap the benefits of getting the loan you need, when you need it, at a much lower interest rate.