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 Intro00:39 How Victoria Started Her Business03:51 Understanding Credit Scores and Factors Affecting Them04:59 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 Scores10:54 Understanding the Process of Inquiry Removal for Customers with Poor Credit Scores18:13 Assessing the Impact of Telco Defaults on Loan Eligibility with a Credit Repair Service19:59 The Impact of Financial Default vs. Telco Default on Credit Repair21:02 Client Case Study #122:57  Understanding the Average Turnaround Time for Credit Repair Services25:14 The Average Increase in Credit Scores after Default Removal26:27 The Difference in Different Credit Reporting Agencies29:00 The Accuracy and Reliability of Credit Scores from Free Credit Check Services30:51 The Future of Credit Scores32:38 Upcoming Technological Advances and Their Implications for Credit Reporting35:57 Why Isn't Credit Education Taught in Schools?37:26 Outro