Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Ronald* |
| State: | VIC |
| Sex: | Male |
| Age: | 32 |
| Married/Single: | Single |
| Listing Type: | Default |
| Original Creditor: | Optus |
| Current Creditor: | Panthera Finance |
| Paid / Unpaid: | Paid |
| Listing Amount: | $398 |
| Commenced work: | 02/03/2018 |
| Default Resolution: | 24/04/2018 |
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Credit Repair Background:
Ronald had an Optus default from about 3 years previous that he needed removed so he could secure a better interest rate for a home he is buying. Ronald was out of work at the time the default was lodged.
What were any challenges with the creditor?
Panthera Finance refused to remove the default at the time of the investigation.
Why was the listing removed?
The default was removed as there was no clause in contract to advise that creditor had a right to access credit reports and notices were sent to old address, MyCRA Lawyers raised the fact that bill was in dispute when the default was listed.
Summary:
Ronald engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on his credit file. The listing was the direct result of the time when Ronald was out of work. Ronald only discovered the bad credit default listing when he applied for finance and was declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 53 days. Ronald* can now confidently apply for home loan. Congratulations Ronald and good luck!
Ronald’s* name has been changed to protect privacy
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