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Bad Credit Rating Default Removal Case Study

MyCRA (Specialist Credit Repair) Lawyers Client Profile:

Name: Vasanth*
State: QLD
Sex: Male
Age: 40
Married/Single: Married
Listing Type: Commercial Default
Original Creditor: Prospa
Current Creditor:
Paid / Unpaid: Unpaid
Listing Amount: $17,300
Commenced work: 29/03/2018
Default Resolution: 07/09/2018
case study image

Credit Repair Background:
Whilst Vasanth* was overseas for 6 months his business had some difficulties and he was unable to pay the bills. Subsequently, the ATO closed his business and there wasn’t enough money to pay all his creditors leaving Westpac and Prospa loans. The situation with Westpac and Prospa left two default listings on his credit report.

What were any challenges with the creditor?
Prospa refused to respond within the 30 days time frame. MyCRA Lawyers did not receive any response despite multiple attempts to communicate.

Why was the listing removed?
MyCRA Lawyers drafted settlement offer raising alleged breaches of NCCPA, NCC, Debt Collection Guidelines and privacy laws. Vasanth offered to settle the debt for $17,000 via weekly payments of $50. Prospa accepted this offer subject to Chandrey signing a Deed.

Vasanth engaged MyCRA Lawyers to investigate the likelihood of removal of a Prospa default listing on his credit file. The listing was a result of when Chandra’s company went into liquidation. Chandra 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 162 days. Vasanth is now a step closer to achieving finance. Congratulations Chandra and good luck!

Vasanth’s* name has been changed to protect privacy

Call MyCRA Lawyers today if you’re struggling with your bad credit rating and you need MyCRA Lawyers to help you get it removed fast. Call 1300 667 218 now