Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Michael* |
| State: | SA |
| Sex: | Male |
| Age: | 50 |
| Married/Single: | Single |
| Listing Type: | Default |
| Original Creditor: | Citibank |
| Current Creditor: | – |
| Paid / Unpaid: | Paid |
| Listing Amount: | $28,068 |
| Commenced work: | 24/05/2018 |
| Default Resolution: | 28/05/2018 |
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Credit Repair Background:
Michael’s brother was on holiday in Bali and had a motorcycle accident which resulted in the loss of his leg. Michael flew to Bali, paid for his brother’s treatment and brought him back to Australia, where he hired a nurse to care for him. This took a serious toll on Michael, financially and emotionally, in fact he found himself in serious financial hardship and was not offered any hardship arrangements by his creditors.
What were any challenges with the creditor?
The creditor responded to our Law Firm requests in a timely manner.
Why was the listing removed?
MyCRA Lawyers received a notification from Equifax that the default has been removed but no correspondence received from Citibank regarding the removal.
Summary:
Michael engaged MyCRA Lawyers to investigate the likelihood of removal of 2 default listings on his credit file. These listings were the direct result of the time he was in serious hardship both financially and emotionally as he had to stop work to help his brother recover from a motorcycle accident. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in just 4 days. Michael* is now a step closer to achieving a finance approval. Congratulations Michael and good luck!
Michael’s* name has been changed to protect privacy
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