Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Sam* |
| State: | QLD |
| Sex: | Male |
| Age: | 26 |
| Married/Single: | Single |
| Listing Type: | Enquiry |
| Original Creditor: | ZipMoney |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $0.00 |
| Commenced work: | 04/12/2017 |
| Default Resolution: | 07/02/2018 |
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Credit Repair Background:
Sam has his own Building business, and he had 12 enquiries in 12 months and 1 consumer default. Sam went with ZipMoney when it was offered to him when purchasing new wheel and tires as it was 12 months interest free. He had no idea it would have a bad impact on his credit file. He pays back more than he needs at the moment to ensure it will be paid off in the interest free period. Sam would not have used them if he knew it would impact his credit score.
What were any challenges with the creditor?
ZipMoney refused to remove the enquiry.
Why was the listing removed?
MyCRA Lawyers drafted an OAIC complaint and presented ZipMoney with resolution on behalf of client. Client would withdraw OAIC complaint if ZipMoney removed the enquiry and ZipMoney agreed to this.
Summary:
Sam was referred to our Law Firm by his mortgage broker. Sam engaged MyCRA Lawyers to investigate the likelihood of removals of enquiry listings and a consumer default listing on his credit file. These listings were the direct result of the time his business was down due to financial hardship. Sam only discovered the bad credit listings when he applied for finance and was declined. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 65 days. Sam* is now a step closer to achieving a finance approval. Congratulations Sam and good luck!
Sam’s* name has been changed to protect privacy
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