Page 17 - Dainfern Precinct Living 5 2021

LIFESTYLE

legally and remains on record until
the prescribed time period has Shanaaz Trethewey
elapsed.
We all know that eviction takes
place in extreme situations and, in
some cases, through circumstances
other than neglectful behaviour.
For anyone that has permission to
access the tenant’s data, the status
and time of eviction, the number of
months rental not paid, and the total
rental owing is visible.

If this is the case, paying rent on
time going forward means that there
is an opportunity for a tenant to
recover from this status.

“However, unique situations,
especially in the last year, have
happened, and we all want to
recover from challenging financial
circumstances,” Trethewey adds.
“The best way to do so is to settle all
outstanding payments as swiftly as
possible and keep paying on time,
every time. We have experience
in knowing whether tenants are
unable to pay, or merely avoiding
paying their rent. We manage
these collection strategies differently
and support all parties along this
process.”

Here are Trethewey’s unbreakable
rules to rehabilitate a credit record:
• Pay on time, every time. Accessing
credit is extremely difficult once a
credit provider sees a non-payment
history. No service provider –
financial or otherwise – wants to
extend terms to a consumer that has be out of your control. These delays “For us, it is terrible that it is often
been reported to be a bad payer. will, regardless of the cause, be a situation which could have been
noted on your credit record. completely diffused if they had
• Remain within your means. Re- just engaged and reached an
evaluating your affordability bracket • Be transparent with your landlord. agreement with us sooner,” says
and sticking to it can help remedy Trust is the foundation of all good Trethewey.
both your stress levels and your relationships. Being honest and
credit profile over time. consistent will prevent frustration Rehabilitating your credit record can
down the line. Showing proof of make your life easier when dealing
• Communicate with your collection income and surety, demonstrating with service providers, decrease
agent. If your income terms have your ability to live within your your psychological distress by
changed, communicating immediately means, and prioritising your rental eliminating the fear of collection
with your landlord and rental agents payments as well as proactively calls, and you will find that creditors
will allow them to adjust the invoicing communicating any issues, all help give you financial freedom and
and collection in a way that will help to build transactional trust. allow you to continue with your life,
everyone cope with the change in knowing that the essentials are
a proactive and mutually positive The price of having a bad credit taken care of.
manner. Ultimately, it is about record is far more than financial, it
reaching realistic repayment terms is psychological. The debt collectors Limiting your ability to access a good
and sticking to them. at RentMaster see it often. When home or access credit for a vehicle
people are desperate, the agents or short-term loan can significantly
• Keep the administrative stress to a encounter a range of emotions, from impact you. Avoidance is definitely
minimum. Using a debit order helps rage to crying, which fills them with not the solution, it escalates the
to reduce the time it takes to process empathy for their plight. The most situation – and this just makes it
the payments and helps ensure challenging situations are when a worse and more challenging to
that you are not subject to interbank tenant has avoided the inevitable rehabilitate your credit status in the
administrative delays, which may and eviction has to take place. long run.
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