Has a mastercard organization or bank executed a Veda Advantage credit assessment for you lately? If you have approached any banks, credit card providers, telephone companies, energy companies, furniture rental or lease companies and actually anyone that you have requested to offer you a credit associated service, it will be very probable that these people will have carried out a Veda Advantage credit rating on you. Why would they do this? Basically to check out your credit history and use it to gauge how likely you are to repay them. They might also use it to decide the amount of money they might be willing to provide you with.

This Veda Advantage credit check will be included in conjunction with the application form which you most likely filled in at the time you negotiated with the credit provider. Credit providers typically will check your application form to see your employment particulars, the length of time you've been at your present employer as well as your salary, what debts you have which will be competing for payment in addition to the credit you are requesting. Credit providers will carry out a Veda Advantage credit check so that they can find out how many credit enquiries have been made on your behalf, whether you suffer from any payment default entries or clearout listings within the consumer and commercial section of your Veda Advantage credit report, whether you have any judgment or writ's against you and whether any of these listings haven't been finalised (i.e. paid in full, settled or brought up to date) or whether you've been through bankruptcy before.

For those who have any payment default, clearout, judgment or writ listings with your credit file this will immediately be viewed by the potential credit provider in a less than favourable light, irrespective of whether they are paid or not. While this hasn't always been the situation, the present economic climate has seen many of the finance providers and banks close up shop to anyone with such blemishes in their credit file. Sometimes it can assist with negotiation in connection with questionable listings if the debt remains unpaid, as repayment can occasionally be a stipulation for removal of a listing from a credit file. These listings often remain on a person's credit file for 5 years and can continue there for up to a maximum of 7 years.

Should a Veda Advantage credit check be carried out on you and you find that you have any of these listings, it might be of great benefit having it reviewed by a reputable Credit Advocate to guarantee it is accurate, up-to-date and complete. Organizations that place entries on credit files do not always get it done accurately and do not always adhere to the correct steps prior to listing their account holders. A skilled and reputable Credit Advocate has the expertise to understand what companies who list do wrong and the obvious mistakes that are made when listing their account holders. The best Credit Advocates have an assessment process that ensures they only accept cases they believe has a good chance of success. This assessment is arrived at from the information provided by a potential client in their application form. Credit Advocates understand the complaint procedures of most agencies that list and have built up relationships with many of them to ensure complaints get to the right people in a timely manner and action is taken within reasonable time frames. They know the appropriate strategies for appeal, should negotiations with the companies that list not be immediately productive. They won't stop working on your listing/s until they have them removed or are sure they have done the best for you that they possibly can.