Key Takeaway
If you've got a 300 credit score, it's not the end of the road—it's actually a starting point. Some issues on your credit file might not even be legitimate, and getting them removed could give your score a significant boost within weeks.
Introduction
Let's be honest—finding out you've got a 300 credit score feels like getting punched in the gut. You've probably already experienced the rejection emails, the awkward phone calls with lenders, and that sinking feeling when "computer says no."
Here's something most people don't tell you: a 300 credit score doesn't define who you are. It's just a number on a report, and numbers can change.
At Australian Credit Solutions, we've helped over 5,000 Australians turn their credit situations around. We're ASIC Licensed (ACL 532003) and have been recognised as award-winning credit repair specialists for three years running (2022, 2023, 2024).
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Understanding What a 300 Credit Score Really Means
In Australia, credit scores typically range from 0 to either 1,000 or 1,200, depending on which credit bureau is doing the scoring. The three main bureaus—Equifax, Experian, and illion—each have their own scoring systems.
A 300 credit score falls firmly in the "very poor" or "below average" category across all three bureaus. It's the kind of score that makes mainstream lenders nervous.
But here's what most people don't realise: your credit score is just a snapshot in time. It's calculated based on the information currently on your credit file—and that information isn't always accurate.
Think of your credit score like a report card. Except in this case, the teacher marking your paper might have made some mistakes. Defaults that shouldn't be there, old debts that have been paid but not updated, credit enquiries you don't remember—all of these can drag your score down.
Why Is Your Score So Low?
Defaults on Your Credit File
A default is listed when you've owed more than $150 for more than 60 days. It's the biggest score-killer and stays on your file for 5 years (or 7 if sold to a debt collector).
Too Many Credit Enquiries
Every time you apply for credit, it creates an enquiry. Multiple applications in a short period signal desperation to lenders.
Late Payment History
Under Comprehensive Credit Reporting, payments more than 14 days late can appear on your file for two years.
Court Judgments
If a creditor obtained a court judgment against you, this stays on your file for 5 years.
Expert Tip from Elisa Rothschild:
"Many people with very low credit scores have listings that don't belong there. I've seen scores jump by 200+ points after we removed a single improperly listed default. Always get your file checked before assuming you're stuck."
Need Help With Your Credit?
Get a free, confidential credit assessment from our ASIC-licensed specialists.
Steps to Fix Your 300 Credit Score
Step 1: Get Your Credit Reports
Order free copies from Equifax, Experian, and illion. Each bureau may have different information, so check all three.
Step 2: Look for Errors and Improper Listings
Check for accounts you don't recognise, incorrect amounts, duplicate entries, and defaults that weren't properly notified.
Step 3: Dispute What Shouldn't Be There
If you find errors or improperly listed items, you have the right to dispute them. For complex cases like defaults, professional help can expedite the process.
Step 4: Stop the Bleeding
Stop applying for new credit while you're repairing. Each rejection adds another enquiry that hurts your score.
Step 5: Pay Down Credit Card Balances
High credit utilisation hurts your score. Aim to get below 30% of your credit limit—under 10% is even better.
Step 6: Set Up Automatic Payments
Prevent future late payments by automating your bills. Consistent on-time payments build positive history over time.
Warning
Avoid "credit repair" companies that promise to wipe your file clean or guarantee specific results. Legitimate credit repair challenges improperly made listings—it doesn't magically erase valid debts.
When to Seek Professional Help
If you have defaults, serious credit infringements, or listings you suspect weren't properly made, professional help can make a significant difference.
At Australian Credit Solutions:
- We achieve a 98% success rate on cases we accept
- We operate on No Win No Fee for our success fees
- We're led by Elisa Rothschild, BA/LLB—a qualified lawyer who knows credit law inside out
Ready to Fix Your Credit Score?
A 300 credit score doesn't have to be permanent. Get a free credit assessment and find out what can be challenged on your file.
Call us on 0489 265 737 or complete our online form. We'll review your situation and tell you honestly what's possible.
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What Our Clients Say
928+ verified reviews from real clients
"The best decision I made was calling these guys. They removed a default that had been on my file for years. Professional service from start to finish."
"The team went above and beyond to help me. They explained everything clearly and achieved a great result. I've already recommended them to friends and family."
"Absolutely fantastic service! They helped me remove two defaults that were stopping me from getting a home loan. Now I'm in my dream home. Can't thank them enough!"
"Elisa and her team are absolutely brilliant. They helped me understand my credit file and removed an incorrect listing. My mortgage application was approved within weeks!"
Elisa Rothschild
(BA/LLB)Principal Lawyer & Director
With over 12 years of experience in credit law, Elisa has helped thousands of Australians remove unfair credit listings and rebuild their financial futures. She leads Australian Credit Solutions' legal team with a focus on consumer advocacy and regulatory compliance.
Need help with your credit file? Get expert advice from our team.
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