Bad Credit Rating Removal Case Study
Client Profile:
Name: | Nigel* |
State: | NSW |
Sex: | Male |
Age: | 44 |
Married/Single: | Single |
Listing Type: | Commercial Default |
Original Creditor: | DW Tiles |
Current Creditor: | EC Credit Control |
Paid / Unpaid: | Paid |
Listing Amount: | $6930 |
Commenced work: | 14/06/2018 |
Default Resolution: | 11/07/2018 |
Credit Repair Background:
Nigel is a tile importer and has 80 Tilers working for him for builders on a per-project basis. The default on his personal credit file came about because he was a guarantor for a loan, and they fell behind in payments. He was not communicated with regarding either late payments or the default.
What were any challenges with the creditor?
EC credit Control responded to our Law Firm requests in a timely manner.
Why was the listing removed?
MyCRA Lawyers chased EC credit Control to explain the factors pertinent to our reasoning the default was to be removed, and the default was removed.
Summary:
Nigel engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on his personal credit file and a commercial default listing on his company credit file. The personal default listing was the direct result of being the guarantor for a loan where the repayment fell behind. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 27 days. Nigel is now a step closer to achieving a finance approval. Congratulations Nigel and good luck!
Nigel’s* name has been changed to protect privacy
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