Another option is to hire a credit repair attorney, an individual that can walk you through your current difficulties. Such attorneys usually offer a free initial consultation, giving you the chance to learn about your options and whether this particular professional is the right one for you.
Attorney Assistance
Usually, the cost of a hiring a credit repair attorney is prohibitive for most consumers, especially those with credit problems. The initial consultation is important, because it sets forth what paths you can take and the costs that you will incur. Your local legal aid society can refer you to several lawyers. Contact at least three, make your appointments and bring along the following documentation:
Copies of your credit reports, your current credit score and any letters you have received from creditors demanding that you settle. Even if you do not have all of this information handy, an oral recount of the events that have taken place so far should be enough.
Although detailed information may not be necessary in your first meeting, you will want to let a credit repair attorney know the exact amounts owed, to whom, and give him an accurate idea of where you stand. Essentially, you will paint a picture of your current plight, details that can help your attorney help you.
Personal Help
Your initial consultation should be completed within the hour and following that meet up with an attorney you should come away knowing:
Whether the lawyer has the expertise and the ability to help you personally. Your attorney should tell you what is at stake, what he can do to help you and what you need to do to help yourself. For instance, your attorney may be able to have bad information about you expunged from your records, while also encouraging you to negotiate directly with your creditors. Most disputes with creditors and credit bureaus you can handle on your own. A credit repair attorney, however, can step in if you reach an impasse
Know what you will pay. Find a credit repair attorney that will charge you a rate based on your ability to pay him. Such “sliding scale” fee structures are within reach of most consumers. He may advise a payment plan or take a percentage of the monies saved. Know what you are getting yourself into before signing anything.
Attorney Privileges
A credit repair attorney is most beneficial when you have spent your resources and have exhausted every other option. Moreover, you will need legal assistance if creditors are stopping by your home, are sending threatening letters, or are calling you at work or outside of normal business hours.
A qualified credit repair attorney will explain to you your rights, including your options and the best way to fix your problem. Do not put off seeking assistance right away — to delay can exacerbate what clearing is already is a very trying and pressing personal matter.
See Also — Post Personal Bankruptcy Credit Repairs Steps
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