Legal Credit Repair
The American Spirit is a belief that no matter how tough things get, we always have the power to improve our lives and make the world a better place. One expression of this Spirit is found in the laws regarding consumer credit and debt reporting. If you have bad credit, you have legal rights and protections legal credit repair can help you use to your advantage. We are experts in the laws regulating credit reporting bureaus and debtors, and legal credit repair can help you avoid bankruptcy court.
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Credit Reports
The law gives you the right to get a free annual credit report from the three major credit score bureaus: Experian, Equifax and TransUnion. These three companies get data from thousands of reporters and crunch them into a score which reflects your creditworthiness. The traditional score is called FICO (named for the company that developed the metric, the Fair Isaac Corporation) and ranges from 300 to 850. Don't worry, chances are you are already over 600 - over 700 is where you want to be. Other scores rank you with a grade such as A, B, C, D and F, and we all know that As and Bs (800-990 on the VantageScore, as it is called) are best.
What Goes Into the Score
Legal credit repair starts by looking at any lawsuit judgments, liens or tax debts that you owe because these disproportionately affect your score. These are counted over and on top of the major factors: payment history, credit utilization, length of credit and recent credit activity. Your payment history (35% of your score) concerns whether you have missed payments or made payments late - every time you do it can potentially impact your credit score. Your credit utilization (30% of your score) is how much of your available credit you are actually using at any given time. Maxed out credit cards and closed accounts are red flags legal credit repair experts like us look for and recommend you avoid. Your credit also improves the longer you have activity (15%), assuming you don't have any recent flurries of activity to draw suspicion (and lower your score, this counts for 10%).
How Legal Credit Repair Helps
With so many bureaus and so many reporters, mistaken and even fraudulent claims can end up on your credit report. We know the laws which protect you from this and utilize them to clear these items off your report. Our legal credit repair experts can also help you negotiate debt consolidations and settlement deals with the IRS which can save you thousands. Legal credit repair is all about protecting your rights and good name. Give us a call today and you're guaranteed to see results faster than you can even imagine!
