Warning Investors Creditglory.com.au. – Regarding fraudulent practices, issues with the registration of securities/derivatives, reporting requirements, and market intermediaries.
Introduction:
Credit repair services claim to help you improve your credit score by removing negative information from your credit report, such as defaults, judgments, or bankruptcies. However, not all credit repair services are legitimate and some may charge you high fees for services that you can do yourself for free or that are ineffective or illegal. One such website is creditglory.com.au, which claims to be “Australia’s #1 Credit Repair Service”. However, this website is not registered with ASIC, the regulator of financial services in Australia, and maybe a scam.
Regulation and Compliance:
According to the ASIC website, creditglory.com.au is not a registered Australian company or business name and does not have an Australian Financial Services Licence (AFSL) or an Australian Credit Licence (ACL). This means that it is not authorised to provide financial services or credit activities in Australia, and may be operating illegally or fraudulently. Furthermore, the website does not provide any contact details, such as a physical address, phone number, or email address, which makes it difficult to verify its identity or location.
Customer Support:
The website claims to offer 24/7 customer support via live chat, phone, or email. However, when we tried to contact them via these channels, we received no response or were redirected to a generic voicemail message. The website also does not have any social media presence or online reviews from verified customers, which raises doubts about its credibility and reputation.
Customer Reviews:
The only reviews we could find about creditglory.com.au were on its own website, which were all positive and glowing. However, these reviews are likely to be fake or fabricated, as they do not provide any details about the customers’ names, locations, or situations. Moreover, the reviews use similar language and tone and do not mention any specific results or outcomes from using the service.
Shielding Your Finances: Measures to Avoid Scam Credit Repair Services
If you are looking for a credit repair service in Australia, you should be careful and do your research before signing up with any website or company. Here are some measures you can take to avoid scam credit repair services:
– Check if the website or company is registered with ASIC and has an AFSL or an ACL. You can search for this information on the ASIC website or call them on 1300 300 630.
– Check if the website or company has a physical address, phone number, email address, and social media presence. You can also search for online reviews from other customers on independent platforms such as Trustpilot or Google Reviews.
– Check if the website or company provides clear and transparent information about its fees, services, terms and conditions, and privacy policy. You should also read the fine print and look for any hidden charges or clauses that may limit your rights or options.
– Check if the website or company offers a free consultation or a money-back guarantee. You should also ask for a written contract that outlines the scope of work, the expected results, and the timeframe.
– Check if the website or company uses ethical and legal methods to repair your credit. You should avoid any service that asks you to provide false information, dispute accurate information, create a new identity, or pay upfront fees.
Conclusion:
Credit repair services can be helpful if you have genuine errors or inaccuracies on your credit report that are affecting your credit score. However, you should be wary of scam credit repair services that promise unrealistic results, charge high fees, or use illegal methods. One such service is creditglory.com.au, which is not authorised by ASIC and may be a scam. We advise you to stay away from this website and report it to ASIC if you encounter it.
