Mycra Lawyers - Credit Repair Industry Experts

Bad Credit Rating Removal Case Study

Client Profile:

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

Building Company #7026
Commercial Default
MC Labour Hire

Commenced work:                          22/02/2018
Default Resolution:                        03/04/2018

Credit Repair Background:
The default is from a labour hire company called MC Labour, and they defaulted a Building Company in July 2017. The Building Company had a client that owed them a large sum of money. The account they had with the client was 7 days however the monies were not paid for almost 3 months. No notices were received from the creditor and no notice received of the new creditor, Atradius, taking over the debt.

What were any challenges with the creditor?
The MC Labour representative that MyCRA Lawyers have been corresponding with was on extended leave.

Why was the listing removed?
MyCRA Lawyers drafted settlement deed with the Building Company to make a payment of $8000 and on receipt of these funds MC Labour would remove the default listing within 15 business days of confirmation of the removal, the Building Company was to pay the remaining balance. MC Labour agreed to these terms.

The Building Company engaged MyCRA Lawyers to investigate the likelihood of removal of a default listing on their credit file. The listing was the direct result of the time the Building Company had a client that owed them a large sum of money and the monies were not paid for almost 3 months. The Building Company only discovered the bad credit default listing when they applied for finance and were declined. MyCRA Lawyers negotiated the successful removal of their bad credit default listing in 40 days. The Building Company can now achieve a finance approval. Congratulations and good luck!

*The Building Company'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