credit rating

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A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting.
The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts.
Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an individual's credit worthiness, which is done by a credit bureau or consumer credit reporting agency.

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  1. J

    NSW Low credit rating credit card

    Hi, I am in a bit a situation where I have a good job, no debt, no mortgage and very low outgoings and an 85% repayment rate according to Equifax. several years ago I did have a mortgage but that was paid out. For the past couple of years I have not had a bank account as everything was in my...
  2. B

    NSW Ex Driving Car That is Under My Name?

    Hi, I split with my ex-partner and she is driving a car I brought, which I allowed her to drive while we were together. She was making repayments on the car while together but once we broke up, she stopped so I had to keep paying it. The car is registered in my name and the car finance is in...
  3. M

    WA Dealing with AVO and Visitation Rights While Overseas?

    Hi all I am happy to have found these forums as I am really in need of some help. For many years, my ex and I did not get along well. She always told me she didn't love me anymore, etc and we lived in different rooms at stages but stayed together for the sake of our two primary school aged...
  4. K

    WA Removing Name From Mortgage - What to Do?

    Hi, My ex and I brought a house about 5 years ago. We broke up a year later but we're amicable and shared the cost of the mortgage. Years on now and my situation has changed. I went from a full time job, to 12 hours a week (I had children) and now can not afford to pay. I have mentioned...
  5. Peter Hughes

    QLD Impact of Car Accident and Carzoos - What to Do?

    Fighting for justice. In 2015, I lost my house, job and relationship and passion for life due to Carzoos' dishonesty and negligence. My life was impacted dramatically as I had to return the car due to the car being unroadworthy with 3 illegal items on the car. Tyres were also too small for the...
  6. F

    VIC Consumer not paying unfair invoice

    Hello all, I recently emailed an accountant asking for a quote to do my tax return. He responded by telling me to enter my details on a form on his website. I entered my details and pressed 'submit' at the end. He then emailed me a draft of my tax and the associated invoice for his work. I...
  7. D

    NSW Vodafone Debt - What Can I Do?

    I switched to a new carrier and forgot to clear a $118 debt on vodafone. I got a text 10 months later asking me to call Commercial Credit Control. I called and they stated I owe 147.50 and now have a black mark on my credit rating. They had my old home address and this was the first I had been...
  8. S

    QLD Partner's Ex Committing Fraud - Will Partner be Liable?

    Hi, Tricky question: My partner separated from his ex 16 months ago. They are about to get a divorce. I just set up MyGov login for him for his child support and a whole 9 years worth of letters came through dating back to 2008. It would appear she has been on a pension this whole time. She...
  9. A

    QLD Australian Consumer Law - Help with Gym Membership Cancellation?

    On the 25/7/16, I joined up with Breathe Heathclubs at the location of Northlakes. After four weeks, I was charged a $65. $55 was deducted from my account as an admin fee to set up the account with Debit Succes account. $11.95 of the weekly payment as well as a $10 penalty fee for the charge...
  10. K

    WA Loan Agreement for Car But Not Named on Registration

    My sister recently ended her relationship. While in that relationship she took a loan out in her name on her ex's behalf. When they split he agreed to keep paying for the loan and he could keep his car. He hasn't been paying his payments so now my sister is getting letters from her bank saying...