Mycra Lawyers - Credit Repair Industry Experts

Bad Credit Rating Removal Case Study

Client Profile:

Listing Type: 
Original Creditor:
Current Creditor:
Paid / Unpaid:
Listing Amount:

Credit Corp

Commenced work:                          21/01/2016
Default Resolution:                        12/07/2016

Credit Repair Background:
Kim instructed MyCRA Lawyers that in 2012, Kim’s client, did not pay an outstanding invoice for $135,000 for a day spa he built. Kim had engaged another lawyer which dragged out to 3 visits in supreme courts and was very costly. Though Kim won the case, Kim still lost because of the stress stopping him to try to push on with his building company. Kim eventually became employed by another company rather than running his own business. His earnings and cash flow got very low as a single income earner for his wife and child.

What were any challenges with the creditor?
MyCRA Lawyers had issued a complaint to NAB about Kim’s hardship and we had sent numerous follow up requests, several phone calls and unfortunately we were unable to get a response from NAB.

Why was the listing removed?
The default was removed as MyCRA Lawyers escalated a compliant to the Financial Ombudsman Service as NAB would not respond to our issues raised bout Kim’s hardship. After the Ombudsman contacted NAB to advise they had to rectify the issue, NAB confirmed they would remove the default.

Kim previously used our services and wanted to speak with someone regarding his credit file. He is looking to buy a block of land but the finance was declined by the bank because of the default listed by Credit Corp for a NAB credit card matter. We managed to negotiate removal of his default and Kim can now move forward financially. Congratulations Kim and good luck!

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

2017-09-05T05:24:12+00:000 Comments

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