Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Anthony* |
| State: | QLD |
| Sex: | Male |
| Age: | 55 |
| Married/Single: | Married |
| Listing Type: | Commercial Default |
| Original Creditor: | Crane Distribution |
| Current Creditor: | – |
| Paid / Unpaid: | Paid |
| Listing Amount: | $7383 |
| Commenced work: | 18/08/2016 |
| Default Resolution: | 09/01/2017 |
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Credit Repair Background:
Anthony had a default placed against him as a director of his business back in 2013. The default was listed by one of their long standing creditors whilst he was away on holidays. The business experienced a downturn during 2013, resulting in a loss for the year, due to cessation of government spending in the schools sector. The debt was paid out in full immediately but it is now affecting Anthony’s ability to get home loan approval on a new loan at a normal interest rate despite having a blemish free home loan for 20+ years.
What were any challenges with the creditor?
Tradelink refused to provide the documents our Law Firm had requested.
Why was the listing removed?
Tradelink agreed to remove the default due to resourcing issues they were unable to provide the requested information.
Summary:
Anthony engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on his credit file. The listing was the direct result of the time his business experienced a downturn in 2013. Anthony only discovered the bad credit default listing when he received a legal letter regarding caveat being placed on his home. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 144 days. Anthony* can now apply for home loan. Congratulations Anthony and good luck!
Anthony’s* name has been changed to protect privacy
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