Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Robert |
| State: | QLD |
| Sex: | Male |
| Age: | 56 |
| Married/Single: | – |
| Listing Type: | Commercial Default |
| Original Creditor: | Flexigroup Leasing |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $1971 |
| Commenced work: | 9/09/2016 |
| Default Resolution: | 4/10/2016 |
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Credit Repair Background:
Robert was a director of a company that went under external administration due to a failed property investment. Robert purchased a tablet at Harvey Norman and they advised that he could rent with Flexirent for his business use at the time. Robert had 2 Flexirent defaults.
What were any challenges with the creditor?
There were no issues with Flexirent as they responded to MyCRA Lawyers requests in a timely manner.
Why was the listing removed?
Flexirent investigated and confirmed that there was a duplicate default and removed the listing.
Summary:
Robert was referred to our office by his mortgage broker. He is looking for a business loan of $40K as a franchise fee for a business. The bank had repossessed property and his company was showing up on his Veda file (now Equifax) as ‘Under External Administration’ and as a result, he could not get a loan for the franchise he was buying into. We managed to negotiate removal of his commercial listing in 25 days and Robert can now confidently apply for a loan. Congratulations Robert and good luck!
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