Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | Toby* |
| State: | WA |
| Sex: | Male |
| Age: | 54 |
| Married/Single: | Single |
| Listing Type: | Commercial Default |
| Original Creditor: | Southern Steel Group |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $9500 |
| Commenced work: | 18/07/2018 |
| Default Resolution: | 12/09/2018 |
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Credit Repair Background:
Toby acted as Guarantor as he is the sole shareholder and director of his Company. The reason the default came about was that a contractor they worked for, tried to shortfall them about $1.6 million (of a $2 Million invoice) and they were currently still in dispute in regards to that matter at the time of default removal.
What were any challenges with the creditor?
MyCRA Lawyers did not receive any response to our numerous requests to Southern Steel within the specified time frame.
Why was the listing removed?
Southern Steel did not provide a reason for default removal other than the time it was taking the creditor to provide documents.
Summary:
Toby engaged MyCRA Lawyers to investigate the likelihood of removal of 2 default listings on his credit file. Toby only discovered the bad credit default listings when he applied for finance and got declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 56 days. Toby can now move forward financially now that his 2 default listings got removed. Congratulations Toby and good luck!
Toby’s* name has been changed to protect privacy
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