Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Sam* |
| State: | QLD |
| Sex: | Male |
| Age: | 26 |
| Married/Single: | Single |
| Listing Type: | Enquiry |
| Original Creditor: | Pepper |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $47,000 |
| Commenced work: | 04/12/2017 |
| Default Resolution: | 07/02/2018 |
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Credit Repair Background:
Sam has his own Building business. He had 12 enquiries in the last 12 months and 1 consumer default. Sam applied for a loan to consolidate some existing debts to save money on interest.
What were any challenges with the creditor?
The creditor responded to our Law Firm requests in a timely manner.
Why was the listing removed?
MyCRA Lawyers lodged a complaint to OAIC and presented Pepper with a resolution. Pepper accepted the resolution and agreed to remove the listing.
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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