Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Benjamin |
| State: | QLD |
| Sex: | Male |
| Age: | 31 |
| Married/Single: | Single |
| Listing Type: | Default |
| Original Creditor: | Optus |
| Current Creditor: | Lion Finance |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $394 |
| Commenced work: | 8/08/2016 |
| Default Resolution: | 16/08/2016 |
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Credit Repair Background:
Benjamin had an account with Optus that was overdue. He was aware of the outstanding amount and was disputing the validity of the charges. When he moved to the United States, Optus rang him to pay the total amount. He disputed the matter again and refused to pay. They asked to settle and pay half, in return they would reconnect his service. Benjamin agreed and paid the amount. Benjamin was a part time student at the time and he was not willing to pay for a bill that he disputed had incorrect charges.
What were any challenges with the creditor?
There were no issues with the creditor as they responded to MyCRA Lawyers requests in a timely manner.
Why was the listing removed?
Lion Finance advised after investigation that they will remove the default listing.
Summary:
Benjamin was referred to our office by his mortgage broker. He wanted the default listing in his credit file removed as he wanted to obtain a loan. We managed to negotiate removal of his default in 8 days and Benjamin can now move forward financially. Congratulations Benjamin and good luck!
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