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A credit repair law firm is hoping to “rescue” those suffering from credit stress due to inaccurate credit reporting.
The group said with changes to lending criteria, many people who would have been approved a mortgage are now cut out of the low interest market.
MyCRA Lawyers has formed an “aggressive strategy” to help Australians remove “unlawful” black marks on their credit reports.
As part of this strategy the firm has appointed new general manager, Eric Allgood.
CEO of the company, Graham Doessel, explained the move was more than just a new hire.
He added, “A lot of people think they’re squeaky clean, until they realise they’ve missed an energy bill from years ago when they moved houses and the final bill wasn’t sent to their new address – it's that simple.
“We’ve been doing this for nine years, and it still frustrates me every day seeing good people’s lives destroyed by poor credit reporting practices and blatant mistakes.
“With Eric and his vast experience in creating business efficiencies, we are keeping our services affordable and therefore feasible to our clients.”
Allgood said, “I'd like to see MyCRA Lawyers as not just the biggest player in getting rid of defaults on peoples’ credit reports, but actually be recognised for the lobbying for appropriate change where change needs to be seen in legislation.
“Instead of just enforcing the rules, we should have an increased focus on pro-actively assisting in changing the rules.
“The difference between interest rates of those who have credit issues and those who don’t is staggering.
“It’s hard enough now for people trying to get into their first home, let alone adding the burden of a 3% hike in interest - not to mention the need for a much higher deposit.”
