Credit Repair/Default Removal - New Division of Law Firm

Discussion in 'Loans & Mortgage Brokers' started by RPI, 4th Sep, 2017.

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  1. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

    Joined:
    18th Jun, 2015
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    Location:
    Brisbane
    Hi All

    We have engaged a specialist team to look after this area as a division of Certus Legal Group. There are quite a few dodgy non legal firms out there doing this but only a couple of law firms in the country that do it properly.

    It's something we have done for clients previously where there were errors on a credit report (eg Director's who resigned several years prior to a company going in to liquidation still be listed or setting aside default judgements etc).

    Our conveyancing practice has come across client's quite regularly who were completely unaware that they had a default listing until after they had signed a contract and applied for finance. This is very common in first home buyers. Often it can be simple things like the last electricity bill from their student share house days was not paid.

    A listing can only be removed if it is unlawful, mistaken or contains errors.

    There are complex legislative requirements that a creditor has to comply with prior to listing an unpaid default and many creditors just don't comply.

    Although possible for people to do themselves, our guys commonly take 7 hours of a lawyers time over weeks or months (depending on who the creditor is) to remove a default listing and that is with knowing who to write to and what to look for.

    Anyway I am excited about expanding and thought I would share.
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    This will be useful. There are a lot of dodgy nonlawyers out who claim they can do it. But best for these to be avoided.
     
  3. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

    Joined:
    18th Jun, 2015
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    2,025
    Location:
    Brisbane
    Perthguy and Terry_w like this.
  4. Richard Taylor

    Richard Taylor Well-Known Member

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    Location:
    Brisbane
    Also starting to see a few lawyers being made bankrupt and credit repair or not they can't get out of that.
     

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