Default-Cost Calculator
Estimate what a default on your credit file may cost you over the term of your next big loan, plus the insurance, rental, and deposit knock-ons. Every range is sourced — we cite RBA, ASIC MoneySmart, and the specialist-lender broker panels we used.
What this calculator does (and doesn’t)
Why a range and not a single number?
Lender criteria are private and vary by file. Two consumers with identical default profiles may be priced differently by the same lender depending on income stability, deposit size, employer, and other variables we don’t see. A range is the honest answer.
Where do the numbers come from?
Each cell of the result cites the source. We use RBA Statistical Tables F1/F4/F7 for indicator rates, broker quote panels (Pepper, Liberty, Bluestone, Resimac) for specialist rate premiums, ASIC MoneySmart for car-loan typical rates, the Insurance Council of Australia’s public guidance, Equifax NTD product documentation, and the Communications Alliance C628 telco code. Where we can’t source a figure, we don’t claim it.
Can I just refinance to get a better rate later?
Defaults remain on file for five years from the date of listing under the Privacy (Credit Reporting) Code 2024. They do not roll off when the underlying debt is paid — they roll off when the five-year window expires. While the listing is on file, refinancing into a prime-tier product is materially harder; that’s why the rate-spread cost compounds across the term.
How does Default Gone’s fee compare?
$399 per consumer per default. There are no stage fees and no success fees. The fee is for the work of preparing, serving, and tracking the dispute — not contingent on the result. Each consumer’s credit file is their own, so joint defaults require a separate engagement for each consumer.