Credit Repair Is Possible

Credit repair is possible for anyone who wants to improve it. Why would you want to? Because lenders, landlords, and even potential employers use credit scores as a way to measure trustworthiness and responsibility. A higher credit score will have a positive impact on your quality of life. This is because it will allow you to obtain the best lending rates available.

When folks struggle with bills, credit cards, mortgages and other types of loans – credit scores will be impacted. The good news is that there is a way to rebuild credit ratings after filing bankruptcy, or any time it is needed. For some, bankruptcy is the solution. Once debts are cleared, it will be possible to rebuild credit. For those who don’t benefit from filing bankruptcy, Debt Advisors Law Offices offers an affordable non-bankruptcy option to repair credit called the “720 Credit Score Program.”

Common Questions About Credit Repair

  1. How Does My Low Credit Score Negatively Affect Me? – If you have a poor credit score, every day of your life can see the effects. Whether you are paying higher mortgage or auto interest rates, cannot get a decent rate on a loan from a bank, or are being asked to pay a higher security deposit at your utility company, your credit score matters.
  2. If I Can’t Improve Credit Scores on My Own, What are My Options? Filing bankruptcy is often the first step to improving your credit. For people who many not qualify for bankruptcy, take advantage of our 720 Credit Score Program.
  3. If I file Bankruptcy, How Long Do Negative Items Stay On My Credit Report? – A bankruptcy filing will appear on your credit for up to 10 years.
  4. Can I Have My Credit Repaired after Bankruptcy? The short answer to this question is “yes!” Filing bankruptcy can be a stressful decision but it is a long-term solution to overwhelming debt. For many, it is also the only way to begin to repair and rebuild credit.
  5. How Long Does Credit Repair Take? – Even though we get asked this question all the time there is unfortunately no clear answer. The timeline will depend solely on your specific situation.
  6. How Much Will Credit Repair Cost Me? –Some folks can fix your credit on their own for no cost.

Where Do You Fall On The Credit Rating System?

According to the three reporting agencies:

    • Credit ratings range between 330 and 830.
    • The average credit score in the U.S. is around 687.
    • A credit score of 600 or less is considered low & risky
    • In Wisconsin, the average credit score is around 700.
    • Credit Scores of 720 or higher are most beneficial to get the best rates.
    • The inability to keep up with bills is #1 reason why credit scores plummet.

Where To Get A Credit Report

To understand more about the credit rating system and where you may stand currently – anyone can go to annualcreditreport.com. There are valuable resources on the site including the ability to get a free credit report. Each person is entitled to one free report each year.  Experian, Equifax, and TransUnion are the three national consumer reporting agencies. You should be able to request a free report from each of the agencies as well. If problems are found dispute credit report findings.

Credit Score Consultation

When a client contacts Debt Advisors Law Offices, their credit scores are typically very low. Therefore, it may be safe to assume that your reading this site because you are struggling with your own credit score. Let’s make one thing very clear…you are not alone in this struggle. Often times, low credit scores are due to a combination of situations or life events that could not be controlled. Life can throw a series of curve-balls that lead to overwhelming debt problems such as the loss of a job, an accident, or serious medical diagnosis. You may benefit from credit counseling, debt settlement, chapter 7 bankruptcy, chapter 13 bankruptcy, the 720 Credit Score Program, or other services we offer. Start with your free consultation with one of our attorneys.

 

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