Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | James* |
| State: | QLD |
| Sex: | Male |
| Age: | 39 |
| Married/Single: | Single |
| Listing Type: | Default |
| Original Creditor: | GE Capital Finance |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $3714 |
| Commenced work: | 17/10/2018 |
| Default Resolution: | 07/11/2018 |
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Credit Repair Background:
The default occurred whilst James* was going through separation from his partner of 10 years and was a mess. James* was taking prescription medicines, drinking heavily and basically buried his head in the sand from the world. All the debts were in his name, but James* was under the impression that his ex partner was paying the GE account; so he just ignored any correspondence from creditor.
What were any challenges with the creditor?
The creditor responded to our credit repair lawyers’ default removal requests in a timely manner.
Why was the listing removed?
MyCRA Lawyers sent a demand letter to GE and, upon review of the indicated issues, they agreed to remove the default listing.
Summary:
James* engaged MyCRA Lawyers to investigate the likelihood of removal of a GE default listing on his credit file. The listing resulted from a relationship breakup and James* was under the impression that his ex-partner was paying GE. James* only discovered the bad credit default listing when his company applied for an overdraft facility increase and the bank told him that he, as one of the directors, had a default and the overdraft increase was declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 21 days. James* can now move forward financially. Congratulations James* and good luck!
James’* name has been changed to protect privacy
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