Mycra Lawyers - Credit Repair Industry Experts

Bad Credit Rating Removal Case Study

Client Profile:

Name: John*
State: QLD
Sex: Male
Age: 50
Married/Single:
Listing Type: Default
Original Creditor: Westpac
Current Creditor: Lion Finance
Paid / Unpaid: Unpaid
Listing Amount: $53,229
Commenced work: 23/02/2016
Default Resolution: 11/03/2016
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Credit Repair Background:
John* had instructed MyCRA Lawyers that he had a credit card account with Westpac. After the 2011 floods, he had an arrangement with Westpac under hardship. After 2 years, John* advised Westpac that their arrangement was too difficult to pay. He sent Westpac a payment offer to settle by registered post and ask if they didn’t accept the offer to contact him, and no response was received. John* understood this as Westpac’s acceptance. He was not aware Westpac did not accept his settlement offer and sold the debt to Lion Finance. At the time of the default, he had not recovered financially.

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 agreed to remove the default after being contacted by MyCRA Lawyers.

Summary:
John* was referred to our office by his mortgage broker to get his default removed. We managed to negotiate removal of his default listing in 17 days and John* can now confidently apply for finance. Congratulations John* and good luck!

John’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