Delete and Dispute any Defaults on your Credit File with this Free trick!
One unfortunate factor with being in debt, is that creditor’s will put a default on your credit file, which will stop you being able to get any credit. So one tactic I would suggest, is to access for free your credit file and have a look for any defaults (tactic can be used for any defaults you have) and if there is, then click dispute next to all of them. I have found many times, companies put defaults on your file much earlier than they legally should, so you can clear your file/improve your credit score today. The free one I used was this one
[Your suburb and postcode]
[Your phone number]
[Street number and name]
[Suburb and postcode]
Dear [ ],
Account Reference No. [your account number]
I hereby cancel and withdraw any previous authority I have granted to you to make direct debit transactions in relation to the above account
At present you are authorised to make the following direct debits from my account:
|Payee||Amount||Frequency||Next due date|
|Healthy gym||$40||monthly||day month year|
|White electricity||(full amount of account)||as issued by provider||not known|
|Health insurance||$ 1600||Annually||30 June 2010|
These are examples only, please insert the relevant information for your request for direct debits.
In accordance with banking law and the Australian Payment Clearing Association’s Rules, I require you to cancel all of the above direct debits immediately and any other claims for direct debit payment from my account.
I shall be advising all of the above payees that I have cancelled my direct debit authority and I will not accept responsibility for direct debits or any fees or charges as a result of direct debit activity on my account.
Please confirm in writing within seven days that you have received and acted upon my request.
[your name and signature]