Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Ciaran* |
| State: | QLD |
| Sex: | Male |
| Age: | 22 |
| Married/Single: | Single |
| Listing Type: | Enquiry |
| Original Creditor: | Nimble |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $350 |
| Commenced work: | 14/05/2018 |
| Default Resolution: | 02/07/2018 |
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Credit Repair Background:
Ciaran was illustrating to a friend the high-interest rates associated with payday loans. He did not submit the application because it was never intended as a bonafide application.
What were any challenges with the creditor?
Nimble responded to Ciaran’s lawyers’ requests in a positive manner .
Why was the listing removed?
Liam advised that he did not actually submit application and that the only reason he started the application was to demonstrate to a friend the interest rates involved with payday loans. MyCRA Lawyers wrote to Nimble to explain this. Nimble still insisted the enquiry is valid, but agreed to remove the listing to avoid further action.
Summary:
Ciaran engaged MyCRA Lawyers to investigate the likelihood of removal of an enquiry listing on his credit file as Ciaran was applying for a Mortgage and wants his file cleaned up. The listing was the direct result of the time Ciaran enquired about a loan to see what the interest rates were but did not go through with it. Ciaran only discovered the bad credit enquiry listing when he applied for finance and was declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 49 days. Ciaran can now apply for finance. Congratulations Ciaran and good luck!
Ciaran’s* name has been changed to protect privacy
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