Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | PC Pty Ltd* |
| State: | NSW |
| Sex: | – |
| Age: | – |
| Married/Single: | – |
| Listing Type: | Commercial Default |
| Original Creditor: | Cordell Information |
| Current Creditor: | – |
| Paid / Unpaid: | Paid |
| Listing Amount: | $5320 |
| Commenced work: | 15/06/2018 |
| Default Resolution: | 03/09/2018 |
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Credit Repair Background:
The default happened when Nigel signed up for a subscription for his construction business when they first began. Nigel tried to cancel the subscription as he cannot afford and was told he could not. Nigel took them to NCAT and they ruled in his favour, because they tried charging him exorbitant fees for the 2 months he was with them.
What were any challenges with the creditor?
Cordell took a while to respond to MyCRA Lawyers request and provide an update regarding their investigations.
Why was the listing removed?
PC Pty Ltd had an NCAT order that if Nigel paid the outstanding amount, Cordell must remove the listing. PC Pty Ltd paid the outstanding amount, however, Cordell did not remove the listing. Cordell’s solicitors asked for client’s credit file and NCAT order. MyCRA Lawyers provided the information, Cordell since confirmed the listing removed on 30/08/2018.
Summary:
PC Pty Ltd engaged MyCRA Lawyers to investigate the likelihood of removal of a Cordell Information default listing on their credit file. The listing was a direct result when Nigel tried to cancel the subscription with Cordell that he simply can not afford. PC Pty Ltd only discovered the bad credit default listing when they applied for finance but were declined. MyCRA Lawyers negotiated the successful removal of their bad credit default listing in 80 days. PC Pty Ltd can now move forward financially. Congratulations PC Pty Ltd and good luck!
PC Pty Ltd’s* name has been changed to protect privacy
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