I have a default. What can I do?

A default listing will remain on your file for a period of five years. So whilst you can't change history, the best approach would be to ensure the rest of your credit history is 'spotless'.

If you would like a copy of your credit record, you can contact a credit reporting agency to ensure your default is listed as paid. Baycorp Advantage is Australia's largest credit reporting agency and can be contacted via http://www.mycreditfile.com.au or by calling (02) 9464 6000.

Non Conforming Loans are products which cater for individuals with an impaired credit history. Your Choice Consultant can tell you whether this type of loan can assist you.

Click here to find out about non-conforming loans.

Click here to contact a Choice Home Loans Consultant to help you.

Alexander Marchinovski is one of our many Choice brokers that can help guide you through the mortgage maze.