Rebuild Your Credit Score
A bad credit score can hinder an individual from several things such as getting a car loan, a mortgage, a lease, and more. At Crawley Law Firm, we’re here to help you get out of debt and we offer free consultations on credit rebuilding. Whether you’ve filed bankruptcy or you’re looking to file for bankruptcy, our attorneys can help you on your way to improving your credit. Our specialized credit-rebuilding program is good for helping individuals learn the steps to improving their credit scores in a matter of months.
Strategically rebuild your credit with help from a knowledgeable attorney in the area. Crawley Law Firm can help you gain financial stability once again with credit rebuilding services. You need good credit history in order to show that you’re reliable to lenders, so it’s important to have a strategy in place that will help you do that. While bankruptcy is an option, our credit rebuilding attorney will discuss your options to which would be the best choice for your circumstances. There are steps you can take to take control of your finances, put together a budget and maintain a good credit score.
If you need expert advice and legal counsel on rebuilding your credit, Crawley Law Firm is here to help.
Expert Guidance To Help You Rebuild Your Credit Score
We at Crawley Law Firm not only want to help you get out of debt by offering a free consultation to see if bankruptcy is an option for you but also want to help you recover from it. Filing bankruptcy is an opportunity to start fresh financially. Our specialized credit rebuilding program can help you learn steps that work to improve credit scores in just a matter of months. If you are looking for expert advice on how to rebuild your credit score in Jonesboro, Paragould, Forest City, West Memphis, Mountain Home, and Batesville, we are here to help you!
7 Steps to a 720
Crawley Law Firm offers free access to an online credit rebuilding course. This program teaches you how to improve your credit rating over a 6-12 month period of time. Through our 14-week credit rebuilding program, you will learn things like:
- How to rebuild your credit the right way.
- Why most credit scores are wrong.
- Which credit cards actually hurt your credit score.
- How to stop lenders that report the wrong information.
- How to re-establish your credit after a bankruptcy, foreclosure, or a short sale.
To find out more about this program, fill out the contact form or call us to talk to our attorney.
Let Us Help You Consider Your Options
Rebuilding Credit After Bankruptcy
Once you’ve reached the end of your bankruptcy and your debts have been discharged, you’re usually in a much better financial position than the time when you started. Your credit score, however, has taken a hit. The task of rebuilding credit can seem insurmountable, but there are steps you can take immediately after bankruptcy to begin the recovery process.
Impact of Bankruptcy on Credit
First, you need to understand what effect bankruptcy has on your credit score and the ability to obtain loans in the future. Bankruptcy stays on your credit history for 10 years, so anyone considering you for a loan will see it. This gives them pause, of course, but it isn’t all bad. After Chapter 7, you are ineligible to file for another Chapter 7 bankruptcy for eight years. This may make you a more attractive candidate for some loans. The bankruptcy process for individuals also requires classes in financial responsibility. Banks know that, and it may influence their decision about whether you’ll be a trustworthy debtor.
Assessing The Damage
The first step to rebuilding is to look at all of your credit reports and make sure there are no errors. Since you’re coming out of bankruptcy, some of the negatives on the report will be correct, but others may not be. Be sure to call the credit reporting agencies and get any mistakes cleared away. After that, create a realistic budget. You’ll need at least some savings to buffer against emergencies. It is important to have a cushion so that loans don’t spiral out of control again.
Rebuilding Your Credit
Now that you have a clear idea of what your financial situation looks like, you can seek out loans that will raise your credit score. Starting small and making sure that payments are made completely and promptly will be important at this stage, so be sure your budget is accurate and your commitment to rebuilding your credit is strong.
Secured Credit Cards
These are credit cards that are secured by a deposit in the bank that issues them. As soon as your debt is discharged, you can apply for one. The amount of credit is usually between 50% and 100% of the amount of the deposit.
Similarly, a secured loan is a loan made with cash as collateral. Either money that you’ve already deposited or money from the loan itself can serve as the security on loan. Until payments are made, you won’t have access to this money, but the bank will report your payments to credit rating agencies, which will build your score.
Depending on several factors, you may not be able to get the above loans right away. If there is someone with good credit who trusts your ability to repay, you may be able to get a loan with their signature vouching for you. They will also be liable for the amount of the loan, so make sure you’re able to repay it.
Authorized User Status
Some secondary users on certain credit cards also have the payments reported to credit agencies. Not every card will do this, so if you choose this option, make sure to ask whether this is the case.
Finally, and most importantly, don’t get overwhelmed and don’t give up. Bankruptcy can feel like a big stain on your credit report, but it doesn’t have to. People overcome it every day, and with care and strategy, you can too.
How Can You Rebuild Your Credit?
Rebuilding a low credit score is a process that takes consistency and patience to increase over time. Before considering bankruptcy, it’s important to take into account the other debt management tools available to you. Our lawyer will review your history to see if there have been any errors reported to credit bureaus and will also contact creditors on your behalf.
Some of the strategies you can utilize to improve your credit score include:
- Pay on time
- Keep most of your credit limit available
- Get a secured credit card
- Get a credit builder loan or secured loan
- Become an authorized user
- Get a co-signer
- Mix of debt
- Age of accounts
- Hard inquiries
When Crawley Law Firm is helping you rebuild your credit, you have access to a free online credit-rebuilding program. This course can educate you on how to improve your credit within a 6-12-month period of time. In addition, this 14-week credit-rebuilding program will teach you things like:
- How to rebuild your credit the right way
- Why most credit scores are wrong
- Which credit cards actually hurt your credit score
- How to stop lenders that report the wrong information
- How to reestablish your credit after a bankruptcy, foreclosure, or a short sale
Why Should I Contact a Credit Rebuilding Attorney?
We’ve seen credit repair companies offer services to better people’s bad credit scores only to take money and do little work to rebuild their credit. It’s important to know that credit repair companies do not have an attorney on staff. At Crawley Law Firm, our credit rebuilding attorneys have extensive knowledge of credit laws, both federal and Arkansas laws, and will use it to benefit you. Our legal team provides you with options that credit repair companies can’t because they’re not familiar with the legal framework like we are.
Some of the credit rebuilding steps we can help out with include:
- Audit every item on your credit report
- Dispute inaccurate reports
- Develop a plan to keep a good credit score
Many people have also taken this task on their own, but depending on the severity of your situation, it would be best to hire a credit rebuilding attorney. A credit lawyer will have experience in areas that you don’t have time to learn about. These things include:
- Accumulating experience in reviewing reports and dealing with credit bureaus
- Knowledge on the intricacies of credit law and consumer rights
- The time to call and send information to creditors
With an expert credit rebuilding attorney from Crawley Law Firm, you can expect great results. Taking this task on your own makes you susceptible to errors. If you miss crucial details, it can lead to a costly mistake. Rather than wasting time and effort, call Crawley Law Firm to help you.
How Can an Attorney Help Your Credit Score?
As a credit rebuiding law firm, we have experience helping clients handle creditors, credit bureau reports, and bankruptcy cases. We know how overwhelming it can feel to deal with debt on your own and not know what your options are. Our attorney understands credit-related laws and can help you with a series of services including filing credit disputes and settling debts with collections companies. We’ll make sure that your rights are respected, so you won’t receive harassing phone calls, receive unfair charges, or be the victim of deceptive advertising. You can count on us to have your back and use our expertise to help you reach your financial goals.
Work with Our Dependable Credit Rebuilding Law Firm
As opposed to credit repair companies, our attorney has the legal expertise to handle a variety of credit-related issues. We’ll take every avenue we can to assist you including taking the case to court if need be. The legal representation you’ll receive at Crawley Law Firm goes above and beyond because we care about your financial wellbeing. Our attorney can help you confidently face your credit issues and begin managing your finances with a strategy in place. Since 1997, our credit rebuilding law firm has helped countless individuals regain their footing, and we can do the same for you.
Schedule a Consultation with Our Firm
Take control of your debt by hiring an experienced attorney who specializes in rebuilding credit histories and implementing better financial management habits. Schedule a consultation with Crawley Law Firm to learn about your options. Contact us at 870-972-1150 for an appointment today.