credit

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Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.
The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

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    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. W

    NSW Credit card addback on balance sheet

    Hi, My ex wife through her solicitor is claiming addback's of $60000+ for credit card payments made during the relationship dating back to 2017. We separated in Dec 2019. Both of us had a credit card each for same account and the payments were made from our joint account. Is this going to hold...
  3. T

    VIC Credit File

    I’ve been trying to repair my credit file and my credit file has addresses on it that I’ve never lived at ever in my life and I’ve asked them to remove this information but they won’t. plus other enquires on my credit file have been agreed to be removed but still remain on my file even with...
  4. T

    VIC Credit Score repair

    I’m wanting to repair my credit score about been in a financial abusive relationship for 15 years has made my credit score bad. I’m wanting to start my life over and buy a house for myself and my child. I don’t know how I can do this to repair my score to obtain a loan to finally have my life...
  5. N

    Credit Corp / Genworth - LMI Shortfall

    I would appreciate any help / guidance on the below with regards to Mortgage Shortfall / LMI. We sold our home in October 2019 after some very difficult Financial stress with a $90k shortfall, and were very upfront with our lenders (Westpac) at the time – they advised us that we could sell as...
  6. T

    Credit Corp Notice of Demand - currently stranded overseas

    Credit Corp have contacted me regarding a credit card debt of thousands of dollars that they have apparently bought. I had been repaying this debt directly with the issuer from 2015 through automatic payments and had long forgotten about the matter believing it had been resolved. After receiving...
  7. G

    SA Credit Corp

    Hi - a former work colleague advised me via Messenger that a gentleman from Queensland had contacted her seeking to speak with me about a business matter. He would not provide any details, merely a phone number. I googled his name and phone number and worked out he is an employee of Credit Corp...
  8. N

    QLD please help with lost lotto

    lost lotto ticket but have credit card transation of day that no one has looked at, need to ascertain time-is there anyone that can help my no 0416439981 k
  9. S

    VIC Credit Corp Debt - What to do?

    Hi, My wife has a debt with Credit Corp. She is no longer living in Australia - she has moved to Europe. I have tried on several occasions to get a good deal to close the debt, but they will not budge. She is currently paying $50 a fortnight. Is she obligated to pay them? What ramifications...
  10. M

    NSW Hotel charging guest for company accommodation

    I am employed as a trainer, conducting training courses at a resort hotel for my company. The first course was around 2 years ago and I signed into the resort as a guest using my credit card (as per normal hotel procedures). I have been staying as a guest at the hotel and using training room...