I have a paid default on my credit file of $435 in 2022. We are going for a home loan and would love to borrow from one of the big 4’s. My credit rating is average despite no other issues (no credit cards, loans, after pay etc)
Is there any way I can have this removed?
We have 20% deposit
3 Replies
You can't remove a default unless you contest it legally
You can't remove it. But, if it's paid, one small default might be acceptable to lenders.
As an aside, consider looking past the big 4. There's a lot of options out there now.
Agreed. I've never gone with one of the big 4 banks... They never gave the best deal.