Improving your Life with Credit Repair
Credit repair is one of the most significant steps you can take to improving your lifestyle. People without credit or with a very low credit score have difficulty getting things they need. Sadly, in 2013, the Federal Trade Commission released a study showing that 5 percent of all consumers had errors on their credit reports.
As you know, most credit reports come from three major reporting agencies. These reports can influence whether or not you’re able to buy things like a car, or a home. They also influence whether or not you can obtain a credit card.
People who have errors on their credit score tend to have to pay higher interest rates. Moreover, they have pay more over the lifetime of the loan, or even worse, be denied credit altogether. If you have gone through a bankruptcy, it is inevitable that there will be changes with your credit. This isis why it is important to work with a credit repair attorney in order to take the steps necessary to get your credit back on track quickly.
Credit Repair
Credit repair is the process of getting your credit up from a low score to a more acceptable level. All companies that issue credit have a range of credit they will accept. This range is based on the risk as they perceive it, and so you want to make sure your credit is as high as possible.
The process of credit repair can include challenging questionable negative entries on your credit report, which could be inaccurate, misleading, unverifiable, or otherwise flawed. These can very easily result in a significant dip in your credit report, sometimes as significantly as 100 points. In certain circumstances, it is highly advisable to have the services of a credit repair lawyer who can not only do the necessary things to get your credit back up to speed but can also advise you on any relevant laws you should know about. These include the Fair Credit Reporting Act (FCRA), which regulates how the credit bureaus use your information.
Credit Repair Attorney
When you work with a credit repair attorney, we will perform a number of services, including the following:
- negotiate a settlement amount with all your creditors.
- negotiate with credit reporting agencies in order to help remove negative items from your credit report, such as late payments, foreclosures, and even charge-offs.
- eview your credit reports to evaluate any potential errors and look for ways to significantly improve your credit score.
- If necessary, represent you in court if a creditor decides to take legal action against you or sue you.
There are many steps you can take to help improve your credit or to do credit repair on your own. However, if you have a lawyer working with you, we bring to the table the ability to be persistent in repairing your credit, making a series of phone calls, and sending the correspondence necessary to the credit bureaus. As an experienced credit repair attorney, we have a level of expertise and are familiar with how to do business with the credit bureaus. In addition to this, it is much less complicated for people to deal with an experienced credit repair attorney who is intimately familiar with all the laws, regulations, and rules surrounding credit and how it can or cannot be used.
NOTE: This is for informational purposes only and does not constitute legal advice.