Credit Repair

Consumer Credit Repair Law

Credit Repair Law:

Your credit report is a collection of your credit activities. A credit report lists your credit card accounts, loans, balances and how responsible you are at making your payments on time. It lists your accounts with banks, credit card issuers, retailers, companies and lenders, along with the date you opened the account, your credit limit and payment methods.

Failing to make payments on borrowed amounts or filing for bankruptcy can significantly lower your credit score and the negative marks with remain on your credit report for 10 years. This can hinder your chances of buying a car or home, applying for new credit card loans and even ruin your chances for employment.

The first step of credit repair consists of obtaining and removing inaccurate or obsolete information from your credit report. The next step of credit repair is to get your finances organized to avoid future debt. The last step is to re-build your credit so you can be eligible for important secured loans.

Since your credit score is a reflection of your borrowing and repayment behavior, repairing your credit will enable you to refinance your debt at lower rates and apply and qualify for credit cards at lower interest rates. You can also get the best interest rates for cars, homes, and other loans, with the peace of mind in knowing that you are saving money by paying lower rates and lower monthly fees.

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