Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | Corey* |
| State: | VIC |
| Sex: | Male |
| Age: | 42 |
| Married/Single: | Married |
| Listing Type: | Default |
| Original Creditor: | Citibank Australia |
| Current Creditor: | – |
| Paid / Unpaid: | Paid |
| Listing Amount: | $9377 |
| Commenced work: | 31/08/2018 |
| Default Resolution: | 13/09/2018 |
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Credit Repair Background:
Corey ran his own business and had a specific client that owed him money but never paid. This non-payment placed Corey in a tight situation. Corey had a Citibank credit card that he was using at the time to keep everything afloat and paid 99% of them back, but must have missed it, and then paid it too late. At or about the same time Corey moved address but he had updated his address with all of his creditors. Corey could not remember if he was getting his bills by email or post.
What were any challenges with the creditor?
Citibank responded to Corey’s solicitors’ correspondence in an appropriate and timely manner.
Why was the listing removed?
MyCRA Lawyers sent a demand letter to Citibank and upon review, they agreed with the solicitors’ reasoning and agreed to remove the default listing.
Summary:
Corey engaged MyCRA Lawyers to investigate the likelihood of removal of a Citibank default listing on his credit file. The listing was a direct result of a time when Corey was using his credit card to keep his business afloat. Corey only discovered the bad credit default listing when he was later declined for finance. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 13 days. Corey can now move forward financially. Congratulations Corey and good luck!
Corey’s* name has been changed to protect privacy
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