Bad Credit Rating Default Removal Case Study
MyCRA (Specialist Credit Repair) Lawyers Client Profile:
| Name: | Peter* |
| State: | QLD |
| Sex: | Male |
| Age: | 35 |
| Married/Single: | Married |
| Listing Type: | Default |
| Original Creditor: | Fair Go Finance |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $2174 |
| Commenced work: | 09/05/2019 |
| Default Resolution: | 01/10/2019 |
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Credit Repair Background:
Peter* has two listings on his credit file. At the time, Peter* was the sole income earner within their family of 6 and with the new costs of the loans, it had all become too much to cover. He has since found new employment to ease some of the financial stress and his wife has taken up employment as well.
What were any challenges with the creditor?
Fair Go Finance declined to remove the default at the time of the initial investigation.
Why was the listing removed?
MyCRA Lawyers submitted a Complaint to the creditor in regards to client’s personal circumstances and they agreed to remove the default.
Summary:
Peter* engaged MyCRA Lawyers to investigate the likelihood of removing the two listings on his credit file. The listings resulted from a time when Peter* was experiencing financial hardship as he was the sole income earner within their family of 6. Peter* 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 145 days. Peter* can now move forward financially as his two listings were removed. Congratulations Peter and good luck!
Peter’s* name has been changed to protect privacy
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