Mycra Lawyers - Credit Repair Industry Experts

Bad Credit Rating Default Removal Case Study

MyCRA (Specialist Credit Repair) Lawyers Client Profile:

Name:                   Janine*
State:                    QLD
Sex:                       Female
Age:                       59
Married/Single:     Single
Listing Type:          Default
Original Creditor:   Westpac
Current Creditor:   Lion Finance
Paid / Unpaid:        Unpaid
Listing Amount:     $38,938

Commenced work:             30/08/2019
Default Resolution:            23/09/2019


Credit Repair Background:
In a period of approx. four and a half years, Janine* had not had any wage growth at all as her employer had not wanted to re-negotiate a new Enterprise Agreement and all negotiations had stalled. That meant that she had not had any pay increases and was falling behind. As such, she was in a situation of financial hardship. Janine* felt very vulnerable and under pressure from Lion Finance to payout the debt in full when she had advised that she did not have that capacity to repay in full and hence the reason why she was trying to meet a payment arrangement in what she would consider to be “acting in good faith”.

What were any challenges with the creditor?
There were no issues with the creditor as they responded to our credit repair lawyers’ default removal requests in a timely manner.

Why was the listing removed?
MyCRA Lawyers sent a demand letter to Lion Finance and upon review have agreed to remove the default listing on a without prejudice basis.

Summary:
Janine* engaged MyCRA Lawyers to investigate the likelihood of removal of a Westpac / Lion Finance default listing on her credit file. The listing resulted from a time when Janine* was experiencing financial hardship. Janine* only discovered the bad credit default listing when she was later declined for finance. MyCRA Lawyers negotiated the successful removal of her bad credit default listing in 24 days. Janine* can now move forward financially. Congratulations Janine* and good luck!

Janine’s* name has been changed to protect privacy

Call MyCRA Lawyers today if you’re struggling with your bad credit rating and you need MyCRA Lawyers to help you get it removed fast. Call 1300 667 218 now