Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Matthew* |
| State: | QLD |
| Sex: | Male |
| Age: | 33 |
| Married/Single: | Single |
| Listing Type: | Default |
| Original Creditor: | HSBC Bank |
| Current Creditor: | – |
| Paid / Unpaid: | Paid |
| Listing Amount: | $1267 |
| Commenced work: | 15/06/2018 |
| Default Resolution: | 20/07/2018 |
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Credit Repair Background:
Matthew purchased a laptop on finance and his payments were supposed to be set up on a direct debit arrangement but this was set up incorrectly. The payments never began and Matthew never received any notifications that something was wrong. Matthew only found out from a call from the collection agency.
What were any challenges with the creditor?
HSBC responded to Matthew’s lawyers’ requests in a timely manner.
Why was the listing removed?
MyCRA Lawyers discussed procedural issues with HSBC Bank and upon review, they agreed to remove the default.
Summary:
Matthew engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on his credit file as he is looking to apply for a home loan. The listing was the direct result of the time Matthew purchased a laptop on finance and the direct debit arrangement was set up incorrectly. Paul only discovered the bad credit default listing through a collection agency. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 35 days. Matthew can now confidently apply for finance. Congratulations Matthew and good luck!
Matthew’s* name has been changed to protect privacy
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