Finance Fusion
Finding the proper financing solution for your business can be a long and challenging task, so here at Finance Fusion Podcast, we want to provide you with the tools and resources to approach this process confidently. We've gathered a group of industry experts, including successful business owners and financing professionals, to share their experiences and strategies for securing the funds necessary to grow one's business. Our goal is to help you navigate the constantly shifting world of business and asset finance.
Finance Fusion
What Impacts Your Credit Score? ft. Victoria Coster | Episode 01
In our very first episode of the Finance Fusion podcast, we're joined by Victoria Coster, CEO and Dispute Resolution Expert at Credit Fix Solutions, a credit repair business in Australia dedicated to helping thousands of Australians enhance their credit reports.
Victoria talks about the significance of credit files and their role in the lending process, the introduction of positive credit reporting, the concerns of enquiries affecting credit scores, and the negative impact of the 'Buy Now, Pay Later' services.
She also shares the importance of educating customers about their credit health, the reasons behind their low scores, and so much more.
If you want to delve deeper into credit repair, learn about building strong financial profiles, and gain valuable insights from industry experts like Victoria, make sure to tune in to this episode!
Timestamps:
00:00 Intro
00:39 How Victoria Started Her Business
03:51 Understanding Credit Scores and Factors Affecting Them
04:59 How Bad Are Inquiries When It Comes to Credit Filing?
08:19 Exploring the Truth Behind Buy Now Pay Later Schemes and Their Impact on Credit Scores
10:54 Understanding the Process of Inquiry Removal for Customers with Poor Credit Scores
18:13 Assessing the Impact of Telco Defaults on Loan Eligibility with a Credit Repair Service
19:59 The Impact of Financial Default vs. Telco Default on Credit Repair
21:02 Client Case Study #1
22:57 Understanding the Average Turnaround Time for Credit Repair Services
25:14 The Average Increase in Credit Scores after Default Removal
26:27 The Difference in Different Credit Reporting Agencies
29:00 The Accuracy and Reliability of Credit Scores from Free Credit Check Services
30:51 The Future of Credit Scores
32:38 Upcoming Technological Advances and Their Implications for Credit Reporting
35:57 Why Isn't Credit Education Taught in Schools?
37:26 Outro