Law Firm-Credit repair

Why You Should Hire a Law Firm for Credit Repair

Why Consumers Hire a Law Firm For Credit Repair

There is a major difference between what a credit repair company can do versus what a law firm specializing in credit repair can.  What you may find even more interesting is that a consumer can actually do more than what a credit repair company will. A Law Firm however, trumps all. We have been using the law since 2011 to help consumers every day and this is what makes us far superior to other “repair” companies.

Here is how we help our consumers and fight for their rights!

Harassing Phone Calls:

If you are constantly receiving phones calls and are tired of trying to dodge collectors, we can get these calls to stop. At Credit Law Center   we notify all your creditors that you are now a client of our law firm. We also send out correspondence to them indicating that all communication to you should go through us. They must comply with this request! If they do not, it is a violation of the Fair Debt Collection Practices Act and they are liable to you and to us. If they continue calling after you’ve informed them you are represented by Credit Law Center, this could mean money in your pocket!

Violations with FCRA
The Fair Credit Reporting Act    mandates that everything on a report must be verifiable, accurate and timely. A recent study indicated that 79% of credit reports contain errors! Many of these errors are easy for us to spot and we can give our consumers a great idea of what to expect on certain items that may in fact fall off due to a FCRA violation. At Credit Law Center we sue for those inaccuracies.
credit consultation

Debt Negotiation:
As a law firm we have the ability and power to negotiate judgments, repossessions, charge off, or any sort of debt that is still reporting on a report.  We use the power of the law and our attorneys to negotiate these items in a way that’s favorable to you. While not Debt Consolidation or Bankruptcy, we do have significant tools available to us that help negotiate these debts and save you significant amounts of money! We have four attorneys in house that you can lean on for advice and guidance while working on negotiation. Their extensive negotiating experience with banks, collection companies, and collection attorneys has helped our clients save thousands.  Our goal is to negotiate the debt as low as possible out of court and get your case dismissed.

We Win!
At Credit Law Center we use federal statutes to assist our consumers. The first one is the FDCPA or the Fair Debt Collection Practices Act.  This  statute lays out a specific way in which debts can be collected both legal methods and illegal methods. The second is the FCRA or the Fair Credit Reporting Act.   Lastly is TCPA (Telephone Consumer Protection Act)  This act is specifically designed for text message, fax machine violations, pre recorded voicemails.  Three of these federal guidelines provide for attorney’s fees if we are successful. What that means is if we take your case and pursue it and are successful, the other side pays our fees and as our client you would owe us nothing! Please contact us today if you think you might have a case in any of these areas of the law, we would happy to speak with you further 1-800-994-3070!

Credit and Collections

Credit and Collections: Your Guide to Better Credit

Credit and Collections

There are many misconceptions about how a collection could impact a credit score. Often times we have clients that think their scores should be higher and have collection companies calling and breathing down their back about paying a collection. They may even promise that if the collection is paid, it will help the consumer.

So, let’s talk about how FICO weighs your report and the truth about those pesky collections. When looking at the graph below, think of your credit score like a grade card. FICO is grading you using this set of criteria. So, if your balances are high that is a large portion of the FICO pie. If you have recently opened new credit cards, your length of credit history is being impacted as well as the new credit portion of the pie. All of these factors make up the grade you receive through FICO. A great rule of thumb is two revolving accounts and two installments. Also keep in mind, the longer the life on the card, the better!Facts on Fico

Consider this: there is less than a 2% difference whether a collection is paid or unpaid. Most of the weight on the credit score is given to how recent the activity. So, suppose you have a four year old collection with a balance of $300. At this point, it is having very little impact on your scores. Now, you may be thinking the balance is pretty low, I can just pay it off. Not necessarily. Once you pay an old collection like this, the collection activity changes and now you have brand new collection activity within the last 30 days. Meaning, your scores are negatively impacted on your credit scores. Collections do have an impact on your score however, payment history and amount owed makes up 65% of that FICO pie.

Collections are not the only reason a client has a low FICO scores. Here are some other things that may be impacting you:

1. High credit card balances
2. Late payments
3. Not enough trade lines

4. Closing credit cards with great history

credit consultation

If you are pulling a report online, remember that you are seeing a consumer score and not a real FICO. The only way you will see a true FICO score is from a lending institution. If you have had a report pulled recently and would like to speak with someone about how to increase your scores or remove derogatory items on a report, please call us at 1-800-994-3070. Credit Law Center has helped over 30,000 clients improve their credit scores in as few as 40 days.

A note from the author:The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

Credit Law Center Mortgage Answers about repairing consumers credit

Becoming Mortgage Ready-Credit Law Center

At Credit Law Center we work with several different Mortgage Companies across the globe and want to continue educating our consumers that may be thinking about buying or that may be in the process currently. Some clients that we work with are also currently working with lenders to get approved for a loan. Combining what we know about credit, and what our lenders tell us about the loan process, we have broken down and compiled a short list to keep you informed so you feel comfortable in whatever stage you may be in.

Here is what you have the green light on!

Do:

  • Review your credit report in depth (prior to applying if possible) and look at your credit scores-Credit can impact several things (PMI, Interest Rates, etc)
  • Communicate with your lender-Find a lender that works for you and is available for you and communicates with you throughout the process.
  • Decide what the best “type” of loan will be for you-Ask questions and listen to all options out there.

Do Not:

  • No large deposits
  • No unnecessary job changes-These can have an impact on your qualification and the way your income is calculated
  • No large purchases-Do not go buy new furniture for the new house you are pining over just yet!
  • Don’t pay off a collection during the loan process-This can negatively impact you and potentially drop your credit scores and lower the chances of you getting approved!
Mother and four kids

A Credit Rating, Not A Character Rating

The People Behind The Credit Score

At Credit Law Center we fully believe in the people behind the credit scores. A company is only as good as its “Why” and what matters to us most, is our clients. We recognize that bad things happen to great people and wish to help improve individuals buying power, like the client testimony below.

 

A Credit Rating, Not a Character Rating

“After 15 years of marriage, I began an 18 month long divorce. In my marriage, my main job was to care for our 4 kids and maintain the home. We puchased 2 homes during our marriage, a few rental properties, and vehicles. I assumed I had credit, as anyone would but figured out quickly that wasn’t the case. Because I had been a stay home mother, and only working off and on during that time, I wasn’t on any of the loans, everything was in his name.

Hope (2)

I was unaware that he emptied the checking and savings accounts. So there I was, not a dime to my name, absolutely no credit to speak of, and four little mouths to feed. I started a new job quickly after the separation but that income wasn’t enough to pay for day care cost and all the other expenses that go along with life. Within 60 days I had 3 jobs while trying my best to be a great mom to my kids. I was exhausted. That Christmas I had $85.00 to spend for 4 of my kids!

Nine months into the divorce when I thought things were already bad enough, my car was repossessed. Months later I found out my ex-husband had not filed taxes in a long time, so I then had a huge tax lien on my credit. At this point, I had no where to turn. I couldn’t rely on my family financially, and began to fall deeper and deeper into an emotional and financial hole. Establishing credit was impossible. I had a huge tax lien, and didn’t have any extra money to do anything about it.

Your Guide

Luckily, I met a credit advisor from Credit Law Center and he thought he may be able to help me. I felt like it was a huge waste of his time, there was NO way he could do anything for me. We devised a game plan within 30 minutes and he took the time to give me info for a CPA that would help me with the IRS on my tax lien. The cost for credit repair was not as expensive as I had thought and he offered to work out payment arrangements with me! I appreciated being treated like a person and it was clear that my advisor was taking my situation seriously and that he truly did want to help. That was the first time in over a year I had any kind of hope. I began to establish credit in my name, Credit Law Center successfully removed all my medical collections with in 6 weeks and the CPA he referred me to came up with a compromise with the IRS. Before I met them, I had no idea of where to start or how I was going to do it on my own. I am so grateful now to have good credit, financial freedom, and my life back.”

Are you unsure what the next step is for you? Let one of our Credit Advisors guide you back to financial freedom today! 816-994-4600

Article by Breana Washington

Credit Law Center-the elephant

The Elephant in the Room-Credit Repair

The Elephant in the Room

The issue to which everyone is aware, but few want to talk about-credit repair companies.

When you hear credit repair, what pops into your mind? You may have immediately rolled your eyes and scoffed at the phrase “credit repair!” Hey, we get it! You may be picturing someone holed up in their basement, eating Hot Cheetos and hysterically laughing each time they find their next victim in need of a quick fix on their credit scores.

We are right there with you. Eye rolling, scoffing and scratching our heads at how so many people fall victim to these “quick fix” companies-if you can even call them a company. Again, we get it. It makes sense— the low fees, the promises and, of course, the emphasis they put on how your life is going to dramatically improve once you sign up for services. Hope is the driving factor for many. Who can blame consumers for hoping things can be better? These credit repair companies are not working on credit reports like Credit Law Center. We know there are no companies, at this point, that help clients the way we do.

Here’s the difference:

  • We have actual attorneys that work on your file. Yes, we have the word law in our name AND, yes, our Attorneys work for you as a represented party. We use the law as leverage to get accounts deleted for you.
  • You pay only for items successfully removed? Yes! Those monthly fees other companies are charging -that drag on and on- sound low and reasonable now! But, two or three years down the road, the cost starts to add up. We don’t waste any time trying to get derogatory items removed. We are a pay for performance Law Firm. So, you can bet that speed is what we are after!
  • Our credit advisors are here for you to answer questions, be a resource and educate. This is probably the most important part. We don’t want you to be a repeat client if we can help it! We want you to know the ins and outs of the credit game! Our goal is to get you in and out of the process as quick as possible-with as much success as possible. We win when you win!

Our Process
7 Steps for better credit

Who tells you all their fees up front? We do!

You can’t get any more transparent than that! Our website has the pricing menu, our credit advisors tell you the max you might pay, should 100% of the items come off your report. There is nothing hidden and we ensure that you know exactly what you are getting into. The only thing you have to do is decide if we are the right fit for you.

Better Credit, Better Life

The best piece of advice we offer to consumers on a daily basis is, to first, become educated. Please, research other credit repair companies out there; we have! Listen to what they have to offer. What are their fees? Do they tell you upfront? After those questions are answered, go with your gut. In January 2018 we signed over 700 clients. For many of those, they will see results in as little as 90 days. We are not here to sell you a service. We are here to help you build a better life. We have found that building trust means addressing those concerns, up front, with potential clients. So, we ARE talking about the elephant in the room.
Check us out on our social media platforms. Follow us on Facebook and Instagram for more information and blogs!
A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

Credit Law Center Student Loans

The Ultimate Cheat Sheet on Student Loans

The Ultimate Cheat Sheet on Student Loans

The price for higher education is rising, as is the numbers on student loan debt. What is deemed necessary to be successful in today’s world, is also what is holding many folks back from financial freedom. While many are trying to get ahead in their lives, student debt is following them everywhere and it can be hard to know what the next step is.

According to the Board of Governors of the Federal Reserve system, the average monthly student loan payment is $351 for people between the ages of 20-30. All in all, there are 44.2 million American’s with student loan debt. Can you imagine what happens to those that fall behind on something as serious as a student loan? If you have been in this position, you know how seriously those loans have an impact on your day to day life. Working with over 30,000 clients, we see our fair share of student loans and the impact they have on a consumers credit scores. So what can be done?

Student Loans

I’ve been sent to collections, now what?

If you have been sent into collections understand that the government has a lot of power when it comes to student loans and grants. They can garnish your wages, take social security benefits and charge very high collection fees. There is no limit for a collection of federal student loans. Once you miss your payment, they will immediately contact you and the tactics will worsen the longer it takes you to pay. There are severe consequences if you default so pay close attention to your loans. The government hires private collection agencies to collect and many of those agencies will try to collect in illegal, and unprofessional ways. You have rights! We recommend if you have felt harassed or threatened by these collection agencies, that you contact an attorney with Credit Law Center right away.

Should I rehab or consolidate?

Rehabbing your student loan means you spend 9-10 months making payments so that you can remove the default status. If you successfully rehab your student loans the loan holder will remove your default from the credit report. If you consolidate, that negative history for the old loan will continue to show until it ages off the report. You will have a current on the new consolidate loan so continue to make timely payments moving forward. No matter what, student loans need to be paid on time. Maintaining good credit is vital so continue to check your credit report often using a credit monitoring system.

Remember, it is best to check your credit report often and continue to ensure that your payments are being made on time. Having late payments can dramatically impact your scores! If your scores are suffering and you have fallen behind on student loans or other bills, you’ll want to get in touch with a credit advisor today.

Check us out on our social media platforms. Follow us on Facebook and Instagram for more information and blogs!
A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.
Article by Breana Washington

The Truth About Inquiries

Credit Reports. The Soft and Hard Pull Inquiry Finally Explained

There Are Two Main Types of Credit Inquiries

Chances are when you have applied for a credit card or a loan, you have heard the term “inquiry.” This inquiry is a credit check to take a look at your credit report, but there is a difference between the two inquiries.

Often times, we hear the same few questions when dealing with clients. Do they impact my score? What is a hard/soft inquiry? Here is the difference:

Soft Inquiry

A soft inquiry can happen when you pull your report on a website such as credit karma, or background check ran by an employer, or applying for utilities. Remember; these are not your true Fico scores. For more info on the difference in scores, view our blog. At the bureaus discretion, a soft inquiry may be recorded on the report. The soft inquiry will not have an impact on the credit score but a hard inquiry will.

Hard inquiry

Lending institutions such as a bank, mortgage lender or credit card issuers will pull a hard inquiry BEFORE they approve you for the credit card, loan or mortgage. This helps these institutions also determine what the interest will be. When your credit cards are paid down (30% or below) and your accounts are in good standing, the chances of you being approved and paying low interest rates is very good.

Hard inquires do mean you lose a few points from your credit score, however most people lose less than five points. These inquires do not have a long term weight on the credit report. You are looking at about a two year window for hard inquiries.

hard-soft-inquiries-credtit-score

If you are curious on how to get a credit score to view your personal report, we can help. You will want to check your scores here.

Do you have inquiries on your credit report?

If there are inquiries on your credit report and you are unsure where they came from, check with a credit repair service such as Credit Law Center-we use the law to help fix your credit in a quick and affordable way! Credit repair companies can help look through the report and address any errors that may have occurred for you to have inaccurate information. We recommend reviewing your credit history often.
Please note that you can only dispute hard pulls executed without your permission. Hard pull inquiries can take up to 2 years to no longer appear on your credit history.

How do I refrain from having too many inquiries?

Every credit card, loan, mortgage application you submit results in a hard inquiry. If you continue to have your report pulled, and those 3-5 points come out every time, you may end up tanking your scores by shopping around. Space your applications out by several months if possible. However, FICO allows 30 days before weighing your inquiries into their algorithms which determine your credit scores. If inquiries occurred within the same period of time, they can be counted as multiple pulls. This is why mortgage companies recommend not having your credit pulled as a hard inquiry due to the possibility of it lowering and in turn qualifying for a higher interest rate and finally potentially unfortunately not buying a home. Nobody wins!

Conclusion

Credit scores have a critical part in our financial outcomes in life. A good credit score is considered to be scores higher than “700”. When applying for credit, take the time to build your scores. Feel free to use our site as a resource, we love answering questions!To get assistance on tracking soft or hard inquiries that could impact your credit scores, inspect credit reports from Transunion, Equifax, and Experian. CLICK HERE to get in touch with a credit analyst for more details.
Check us out on our social media platforms. Follow us on Facebook and Instagram for more information and blogs!
credit errors

A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.
Article by Breana Washington

Mother and four kids

A Credit Rating, Not A Character Rating

The People Behind The Credit Score

At Credit Law Center we fully believe in the people behind the credit scores. A company is only as good as its “Why” and what matters to us most, is our clients. We recognize that bad things happen to great people and wish to help improve individuals buying power, like the client testimony below.

 

A Credit Rating, Not a Character Rating

“After 15 years of marriage, I began an 18 month long divorce. In my marriage, my main job was to care for our 4 kids and maintain the home. We puchased 2 homes during our marriage, a few rental properties, and vehicles. I assumed I had credit, as anyone would but figured out quickly that wasn’t the case. Because I had been a stay home mother, and only working off and on during that time, I wasn’t on any of the loans, everything was in his name.

Hope (2)

I was unaware that he emptied the checking and savings accounts. So there I was, not a dime to my name, absolutely no credit to speak of, and four little mouths to feed. I started a new job quickly after the separation but that income wasn’t enough to pay for day care cost and all the other expenses that go along with life. Within 60 days I had 3 jobs while trying my best to be a great mom to my kids. I was exhausted. That Christmas I had $85.00 to spend for 4 of my kids!

Nine months into the divorce when I thought things were already bad enough, my car was repossessed. Months later I found out my ex-husband had not filed taxes in a long time, so I then had a huge tax lien on my credit. At this point, I had no where to turn. I couldn’t rely on my family financially, and began to fall deeper and deeper into an emotional and financial hole. Establishing credit was impossible. I had a huge tax lien, and didn’t have any extra money to do anything about it.

Your Guide

Luckily, I met a credit advisor from Credit Law Center and he thought he may be able to help me. I felt like it was a huge waste of his time, there was NO way he could do anything for me. We devised a game plan within 30 minutes and he took the time to give me info for a CPA that would help me with the IRS on my tax lien. The cost for credit repair was not as expensive as I had thought and he offered to work out payment arrangements with me! I appreciated being treated like a person and it was clear that my advisor was taking my situation seriously and that he truly did want to help. That was the first time in over a year I had any kind of hope. I began to establish credit in my name, Credit Law Center successfully removed all my medical collections with in 6 weeks and the CPA he referred me to came up with a compromise with the IRS. Before I met them, I had no idea of where to start or how I was going to do it on my own. I am so grateful now to have good credit, financial freedom, and my life back.”

Are you unsure what the next step is for you? Let one of our Credit Advisors guide you back to financial freedom today! 816-994-4600

Article by Breana Washington

divorce_3

5 Myths on Credit and Divorce

5 Myths On Credit and Divorce

Making the decision to end a relationship with a loved one can be one of the toughest calls to make in a person’s life. If you are considering divorce, what is not working is outweighing what is. Whether you are waiting for your spouse to pull the trigger because you can’t yourself. Or, you’re getting your finances in align prior to making the move, there are a few things to know and how the decision will directly impact your credit score.

In this article we address 5 myths about divorce and credit, so you can make the best financial decision for YOU when D-Day comes.

Myth #1: Spouses share a credit score

In the credit world, each person carries their own credit score. Purchases made together still show on each report. If your spouse is negatively reporting due to a late payment and you are an authorized user on that account, your report will also reflect that negative trade line.

Note: There is a major difference between being an authorized user and having a joint account.
Signing divorce papers

Myth #2: Being married or divorced affects my score

Status, age, gender, race, income, or investment does not have any impact on your credit score. Your negative or positive credit history is what makes up a score. Paying bills on time, keeping balances low and your credit utilization.

Myth #3: The legal status of a relationship doesn’t matter

Joint accounts, mortgages and car loans do. Managing those accounts will affect both of your scores whether you are married or divorced.

Myth #4: After my divorce is finalized, my score is no longer impacted by my ex

Unfortunately, your scores can continue to be affected by your previous spouse long after the marriage ends. Co-owner of a credit card that is used by your ex can mean you are still responsible for the debt, married or not. Some states consider all open accounts opened during marriage, a joint account.

Myth #5: One spouse acquires credit card debt he/she is solely responsible

A divorce decree does not cancel previous credit contracts. As such, the decree is only responsible for writing out who is responsible for existing debts. A divorce decree will not automatically remove joint or authorized users from accounts. Read more on divorce decrees here!

If you have previously gone through a divorce and are unsure of what your credit report is reflecting, please pull a report here IDIQ
Contact:  1-800-994-3070

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Article by Breana Washington

Credit Law Center Christmas

Credit Scores That Are Merry And Bright

 

Credit Scores That Are Merry And Bright

Tis the season for gift giving-which means plenty of shopping! This is also the time when the season can cause a huge strain on your credit if you are not careful.

Here are some tips to avoid the credit blues once the new year arrives.

 

Avoid new credit cards

In the check out line and the cashier asks you if you want to open a store card to save money on your purchase, you’ll want to kindly smile and say no thank you. If you are working on your credit currently, opening a retail store card may not be in your best interest. Opening all these retail store cards for a discount on items you are buying for other folks will hurt your own score, you have to think about yourself this season too.

Don’t rack the cards you do have up

Remember, a good rule of thumb is to continue to pay your cards on time, and pay them down as much as possible. During this time, it is very easy to overuse your cards for purchasing the best gifts for your friends and family members. Set a budget prior to going out to shop and remind yourself what is most important. Is it a new cell phone for your teenager or a new home come Spring? You’ll start to put things in perspective when you keep the end goal in mind.

 

Credit Law Center Christmas Shopping

Keep track of your cards

There is no time like the Holiday season for identity and credit theft. As long as you are taking extra precautions at this time of year, you can feel good about making purchases out and about or,  from the comfort of your home. Keep in mind:

  • Online shopping is great! Ensure the URL address or lock symbol on the page is showing that the site is secure
  • Conceal your cards somewhere safe and don’t carry too much cash when you are out shopping
  • Stay vigilant-if possible, tuck your cell phone away when making a trip back to the car so you can be alert the whole time
  • Use secure ATMs at your bank
  • Put those receipts in your wallet or purse and shred them once your bills arrive. Gift receipts are great incase of the need to make an exchange
  • Monitoring your credit is going to be vital at this time. Report any fraudulent activity once the season is over and take action

If you would like to learn more, please contact Credit Law Center and an analyst will be happy to provide you with additional information.
Article by Breana Washington

Contact:  1-800-994-3070

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