Credit Repair Lawyers

Credit Monitoring To Get You Out of Debt

Everyone has debts from time to time. While some people can easily pay off their debts, there are those that find it hard to settle them. This can quickly end in overwhelming debt and a bad credit score.

The thing is, a bad credit score can be fixed with a good credit repair program. Credit repair is simply a process of fixing your credit status via several pathways that would depend on what you need. It can be as simple as disputing errors with credit agencies or learning basic financial skills like budgeting.

As you struggle to pay off your debts, Leinart Law Firm can help you. We provide consultations with seasoned credit repair lawyers to help you fix your credit and also fix your overall financial problems. Remember, the more money you owe the bank, the harder it is to pay your monthly obligations. So, don’t wait until the last minute before getting help from our team.

Helpful Information About Credit Repair

How to Repair Your Credit

Millions of people each year suffer from dropping credit scores as they take out loans that they cannot pay. But it is not only borrowing too much that causes a drop in your credit score. Even identity theft can cause your credit score to drop. Working with credit repair lawyers allow you to monitor your credit report so that you can always stay on top of your financial activities.

Reliable credit repair lawyers from Leinart Law Firm can look into and monitor your credit report so that they can devise a plan on becoming debt-free. This way, you are nearer your debt-free goal by slowly paying off your debts.

While you have made some bad decisions in the past, Leinart Law will not focus on the poor decisions that you have made. Instead, we will teach you how to get back on your feet by implementing several steps so that you can exercise credit repair efficiently.

Aside from regularly monitoring your credit score and seeing if there are patterns of identity theft, we can also help set up payment reminders so that you pay your debts on time and don’t have to waste money on paying penalty fees. We can set you up to meet with a credit counselor to help you with debt settlement, negotiation with the creditor, and planning your finances so that you can get out of the financial rut that you are currently in.

Once you choose to work with our credit repair lawyers, you will have access to their knowledge on fixing your credit score so that your finances will be back in tip-top shape in no time.

Do You Need Credit Repair?

It is important to know the tell-tale signs that you need credit repair.

A credit score that is below 700 is considered sub-prime, but once it is below 650, it means that your credit status is bad, and you should start considering credit repair. The most important sign that you need the help of credit repair lawyers is when your credit card application gets denied.

Credit card companies look into the credit report of each applicant before they approve the application. Having a bad credit score means that you are a liability to the bank. Another sign that you need to look out for is when debt collectors are incessantly calling your number. Once this happens, it only means one thing your creditors have given up the thought of you paying off your debt with them. So, they resort to collection agencies to try and get the money you owe them.

Having a bad credit also affects other facets of your life. For instance, employers can check credit for candidates being considered for a promotion or new job. Having bad credit can also limit your access to loans, investment opportunities, and more.

When you’re in this position, you know that you are in deep trouble and you need to hire a credit repair attorney. Whether it’s to help with credit card debt consolidation, filing a bankruptcy, getting creditors off your back, or something else related to your financial troubles, a debt lawyer can help.

How will I Re-establish Credit?

The first step is to make sure that your credit report is as clean as it is supposed to be. This may take writing the three major credit card bureaus to dispute or provide documentation (such as all of the debts that were discharged in the bankruptcy) to include on your credit report. The second step is to establish a good payment record and have that properly documented on your credit report. A good payment record can be accomplished by making on time payments on your house and cars and by obtaining one or more secured or unsecured credit cards. Even though a major part of bankruptcy is to wipe out credit card debt and keep it that way, it can help reestablish credit to charge small amounts and pay the balance in full each month.

What about the Credit Bureaus and Your Credit Report?

It’s important to check your credit report at least once a year. By law, you are entitled to a free copy of your credit report on a yearly basis. Not only does it help protect you against identity theft it also allows you to review what has been reported to see if there are any errors or inaccuracies. Once you have completed a bankruptcy, checking your credit report becomes even more important. While credit reporting companies like Equifax, Experian, and TransUnion are supposed to remove delinquent accounts and unsecured debt from your credit report after your bankruptcy, mistakes are sometimes made.

One service that Leinart Law Firm provides to its clients is to periodically check this for you (even while your bankruptcy is active). If we find errors or violations we can not only get these fixed but can sometimes even obtain a monetary settlement from the creditor who violated the credit reporting legal guidelines.

How Long Will Bankruptcy Stay On My Credit Report?

Bankruptcy can remain on your credit report for 7 to 10 years, depending on how you file. A Chapter 7 bankruptcy will remain on your credit report for the full 10 years. A Chapter 13 bankruptcy usually remains on your report for seven years, but could be removed sooner if you repay a portion of the debt.

One thing to remember, however, is that this is generally the same amount of time any negative credit items will appear on your credit report after the point that they are finally paid off. So by filing for bankruptcy and getting these debts handled, you are speeding up that process by “stopping the bleeding”, so to speak, so the healing can begin.

How to Fix Your Credit After Filing Bankruptcy

Once you’ve filed for bankruptcy you’ll ultimately want to work toward reestablishing your credit. You may find it hard to get credit at first but don’t be discouraged. You may have to pay a higher interest rate, but if you use your credit wisely and pay your balance each month this should not impact you greatly.

The Steps to Fix My Credit?

Reestablishing your credit will take some work. Here are a few of the steps you’ll need to take.

  • First, verify that your credit report has been wiped clean after the bankruptcy. You may need to provide documentation to the three major credit reporting bureaus to show the debts that have been discharged.
  • Next, establish a good payment record and make sure it shows up on your credit report. For example, make car and house payments on time. You may also need to try and get a credit card (secured or unsecured).

You may think that getting a credit card goes against one of the main goals of filing bankruptcy in the first place, but it could be a crucial step toward reestablishing your credit. Make sure you pay the balance in full each month and only charge small amounts.

Go Slowly

When working to reestablish your credit, it’s very important that you don’t act too quickly – even though you may be able to get credit sooner than you think. One of the reasons is that if you file Chapter 7 bankruptcy, your debt-to-income ratio is dramatically reduced. This may make you a better credit risk in the eyes of some lenders. If you file Chapter 13, you’ll still see a debt-to-income ratio reduction but it won’t happen as fast.

Our Attorneys Can Help Relieve Your Debt

Here at Leinart Law Firm, we have extensive experience and knowledge. We can provide expertise in a wide array of areas in terms of getting your finances back on track. Below are the types of debt solutions that we can provide to clients like you:

Schedule a FREE, no-obligation consultation and evaluation today.

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