Bad Credit Rating Removal Case Study
Client Profile:
| Name: | Flux Electrical & Data Communications Pty Ltd * |
| State: | VIC |
| Sex: | – |
| Age: | – |
| Married/Single: | – |
| Listing Type: | Commercial Default |
| Original Creditor: | Fleet Partners |
| Current Creditor: | – |
| Paid / Unpaid: | Unpaid |
| Listing Amount: | $46,462 |
| Commenced work: | 25/01/2018 |
| Default Resolution: | 21/03/2018 |
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Credit Repair Background:
Jarrod’s company was guarantor for an account with another company. Jarrod went guarantor on leases for his ex-business partner and when things went south, their vehicles were handed back to Fleet Partners.
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 drafted settlement deed wherein Flux Electrical would pay the account in full and Fleet Partners would remove the default upon payment. Fleet Partner revised the deed to include their Lawyers costs. Flux Electrical agreed to the revised deed.
Summary:
Jarrod engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on his company’s credit file. The listing was the direct result of the time Jarrod’s company was guarantor for an account with another company. MyCRA Lawyers negotiated the successful removal of his bad credit default listing in 55 days. Flux Electrical* can now move forward financially. Congratulations Flux Electrical and good luck!
Flux Electrical’s* name has been changed to protect privacy
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