What about Chan & Naylor accountants, I hear they specialise in property investment and set up of trust structures. Has anyone used them? Any feedback/recommendations?

If the outstanding amount is settled is there any way the listing on the credit file can be removed?

http://www.wealthadviser.com.au/images/downloads/The_11_Greatest_NRAS_Mistakes.pdf

This is a great read on what to watch out for in a NRAS property investment.

People do make mistakes and learn through bad experiences. I am here to learn.
What strategies can I use to get finance? As in lower LVR to say 70% or 80%? 
Will going in as a joint applicant with somebody with good credit help?

Thanks,
cmur7

Can you give me a few examples of specialist lenders?

Thanks,
cmur7

Thanks for your response, here are the answers to your questions.

1. The default is my fault. I went overseas for my daughters birth and forgot to pay my credit card bills that kept piling on. (I did close all other credit commitments that I had around that time)

2. It is still outstanding. Do I pay this off as soon as I can or can I get a low…[Read more]