Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Nicholas* |
| State: | VIC |
| Sex: | Male |
| Age: | 26 |
| Married/Single: | Married |
| Listing Type: | Default |
| Original Creditor: | Origin Energy |
| Current Creditor: | Panthera Finance |
| Paid / Unpaid: | Paid |
| Listing Amount: | $692 |
| Commenced work: | 05/02/2018 |
| Default Resolution: | 04/04/2018 |
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Credit Repair Background:
Nick wanted to purchase another house however he had 3 default listings on his credit file. Nick had an Origin default that was on-sold to Panthera. Nick was unsure of the circumstances that led to the default.
What were any challenges with the creditor?
Panthera Finance refused to remove the listing at the time of the investigation.
Why was the listing removed?
MyCRA Lawyers drafted a correction request based on incorrect last known address and unreasonable attempts to notify client of debt. Panthera rejected these arguments but agreed to remove default on a good faith basis.
Summary:
Nicholas was referred to MyCRA Lawyers by his mortgage broker and he engaged MyCRA Lawyers to investigate the likelihood of removal of 3 default listings on his credit file. Nicholas only discovered the bad credit default listings when he applied for finance and was declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 58 days. Nicholas* is now a step closer to achieving a finance approval. Congratulations Nicholas and good luck!
Nicholas’* name has been changed to protect privacy
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