Credit repair lawyer
What Is a Credit
Lawyer and How Can They Help Me?
A
credit lawyer is someone well-versed in all the rules and regulations akin to
credits and aids you in several methods to fix all that is wrong with your
credit.
According
to an FTC study,
a large majority of people in the U.S have found errors in one out of three of
their credit reports, errors which can play a role in substantially decreasing
the credit score. Initially it is your duty to bring these errors into the
consideration of the bureaus so that they can work on rectifying these errors,
which can often take up to a few months or even years.
Credit
lawyers can accomplish this task in possibly less time and with far fewer
trials than if we were to go about it on our own. Their awareness in all things
related to credit, bureaus, debt
collectors and other bodies play a vital role in enabling the quick recovery
of credit errors.
This
guide is structured to provide instruction through the process of acquiring the
services of a credit lawyer.
What Does a Credit Lawyer
Do?
A
credit lawyer is someone well-versed in all the rules and regulations akin to
credits and aids you in several methods to fix all that is wrong with your
credit.
Mentioned
below is an outline in several ways a credit lawyer can be helpful:
- Analyze your credit report for probable faults.
- List those credit
errors with the credit bureaus.
- Contact creditors on your account.
- Settle your debts with collection agencies.
- Serve you in court.
- Guide you on how you can fix your credit score.
Initially,
they reassess the credit report and its antiquity for any errors that may need
correction. If found, the lawyer accumulates all the necessary documents
required to file the errors with the credit bureaus.
What Are the Laws I
Should Be Aware Of?
To
fully comprehend your rights, you should acknowledge credit laws like the Fair
Credit Reporting Act, the Fair Credit Billing Act and the Credit Repair
Organizations Act.
These
laws were constituted to protect all credit-related activities and make certain
that there is no unjust activity.
- Fair
Credit Reporting Act: This act
allows you to gain approach to your credit reports, errors and other
subjects that may play a role in credit repair
- Fair
Credit Billing Act: This act
shields you against unjust credit billing and permits you filling error
disputes with credit card providers.
- Fair
Debt Collection Practices Act: This act
binds debt collectors from frequent communication with debtors, shields
you against harassment, and allocates several rights to preserve you
against debt collectors.
- Credit
Repair Organizations Act: This act
shelters you from unjust marketing from credit repair agencies and binds
them to a set of laws.
How Can We
Differentiate Between the Use of a Credit Lawyer and a Credit Repair Company?
A
credit lawyer will generally act with experience from their previous encounter
with the credit laws. Whereas a repair company will tailor their actions to the
situations.
As
it was acknowledged before, credit lawyers are increasingly knowledgeable in
the credit laws and all the legal processes. However, they will not be able to
deal with a situation they have not encountered before.
Credit
repair agencies employ experts to handle all sorts of cases and have the
ability to deal with several clients at once. Although, it is not important
that all employees of a credit repair organization will be lawyers, meaning
that the clients may deal with someone less qualified in law.
Blackwater
Credit Repair occupies the services of paralegals, lawyers and other
professionals to help you receive the best experience with credit repair. You
can journey through our firm profiles
to see who you will be working with.
How Much Would I Need
to Pay My Credit Lawyer?
The
cost of a credit lawyer can differ vastly and can be from around $500 to $5,00
or more. This
also depends upon the requirement of your case, the number of errors that need
fixing, and other services offered by the professionals.
When
occupying the services of a credit lawyer, you should vigilantly read the
contract to make certain of the payments you make for the services they
provide. According to the FTC, a payment is not to be made before the services
are administered and if asked, the consumer should turn away.
Utilizing Nonprofit Organizations
You
pursue the services of nonprofit organizations when you cannot afford the cost
of a credit lawyer. Nonprofit organizations offer credit counselling, budgeting
management and other financial initiations along with the occasional service of
volunteer lawyers.
If
you are willing to go with a nonprofit organization, then you must be aware of
all the stipulations and the availability of their services. In addition, you
must review their previous work and ensure that you are protected from scams.
How Can I Keep Away
From Scams?
Doing
your research and asking the right questions goes a long way to ensure that
they are not scamming you.
As
with any other onset, you must check the previous lawyer reviews and records to
prepare yourself for the lawyer you’ll be working with. Mentioned below are
some of the sites where you can research credit lawyers:
You
should also be aware of all the right questions to ask and the red flags the
credit lawyers may project. Some questions include:
- What
encounters have you had previously with cases similar to mine?
- How will
you go on about fixing my issue?
- What is
the cost of your services?
These
are some of the red flags to look out for:
- The demand of an upfront payment
- Advises you to disguise your credit information
- Suggests the selling of your social security
number
- Unclear explanation of your legal rights, like
being able to fix your credit on your own
- Affirms to results in specific time frames
- Declares the removal of correct information from
your report
Lastly,
you must educate yourself on the credit laws to check the experience of the
lawyer in the field and if he is able to help you.
Do I Need to Use a
Credit Lawyer to Fix My Credit Score?
No,
you do not need to employ a credit lawyer to repair your credit score.
You can perform the same actions of a credit lawyer which are as follows:
- Analyzing credit reports and communicating with
the bureaus and creditors
- Discerning the credit laws and rights
- Allocating specific time to work on
your case and contacting bureaus and creditors.
You
will be putting yourself at risk if you proceed with inadequate knowledge of
the system. For example, they can deny any of your disputes if you do not
arrange the correct documentation. Any errors can lose your time and money,
which depend upon the situation of credit issue.
Should I Use a Lawyer
for Debt Settlement?
A
debt settlement does not require a credit lawyer.
However, you may need a lawyer for any of the cases aforementioned. Working
alongside a credit lawyer can provide the comfort of knowing that your case is
in expert hands.
Here
at Blackwater Credit Repair, we have gathered a team of expert lawyers with
granted experience of credit related situations. Contact us to gain an overview
of our credit
repair services and how our team can aid you in
the repair of your credit.