Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | Perry* |
| State: | QLD |
| Sex: | Male |
| Age: | 54 |
| Married/Single: | Married |
| Listing Type: | Default |
| Original Creditor: | Westpac |
| Current Creditor: | Lion Finance |
| Paid / Unpaid: | Paid |
| Listing Amount: | $953 |
| Commenced work: | 21/06/2019 |
| Default Resolution: | 21/08/2019 |
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Credit Repair Background:
Perry* moved address and notified the bank numerous times of his current address details but Westpac were unable to update his address details on his visa account but they did on all his other accounts. Westpac closed the account without notification and sent statements to old address. Perry* did not received any correspondence from Westpac regarding the outstanding account.
What were any challenges with the creditor?
Lion Finance advised that they received some documents from Westpac but asked if they can get extension until the 31/8/2019.
Why was the listing removed?
Perry* did not receive any notices or phone calls regarding the outstanding amount; and that he had attended Westpac in branch to update his address multiple times and this was acknowledged as an error by Westpac themselves.
Summary:
Perry* engaged MyCRA Lawyers to investigate the likelihood of removal of a Westpac / Lion Finance default listing on his credit file. The listing resulted when Westpac were unable to update Perry’s* address although he notified Westpac numerous times. Perry* only discovered the bad credit default listing when he was later declined for finance. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 61 days. Perry* can now move forward financially. Congratulations Perry and good luck!
Perry’s* name has been changed to protect privacy
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