Credit Repair Attorney Guide – Is An Attorney The Best Option For A Borrower With Poor Credit?
San Diego, CA (PRWEB) April 15, 2014 -- Having perfect credit is a precursor for most borrowers to get access to the best loan programs and rates. However, having an unblemished credit score is easier said than done for most people. For some, acquiring the services of a credit repair attorney is the best option in order to save money on their home loans. A new article from LoanLove.com discusses what a credit repair attorney can do for a borrower with poor credit and gives some insight into why choosing an attorney over a credit repair agency can be the better option.
The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The new article continues to help borrowers to make the best decisions regarding their home loan plans by providing them with the most up-to-date information.
Loan Love’s new guide titled “Credit Repair Attorney vs. Agencies (Your Best Option?)” says, “Life happens. For more and more prospective home owners, life events like divorce, job loss and unexpected medial bills overshadow their hopes of obtaining a future mortgage. While there is no substitute for time when it comes to repairing dings to your credit report, most consumers still look for help in accelerating the process. That help may come in the form of: engaging the services of a credit repair attorney; signing up with a credit repair agency; or finding some other route to speed up the credit repair process.”
The article goes on to discuss some of the biggest advantages of credit repair attorneys. To begin with, a credit repair attorney can represent the potential borrower to their debt collector, butting a stop to harassing phone calls if active collection practices are already taking places. The guide continues saying, “Perhaps even more important, a credit repair attorney is more likely to have the ability to take fullest advantage of the Fair Credit Reporting Act, the primary law that protects you from unfair practices of the credit industry.”
Loan Love briefly reviews some of the other benefits of using the services of a credit repair attorney and then goes on to review credit repair agencies. The article notes that while there are some good legitimate credit repair agencies, their services are limited and many agencies may actually take advantage of those that they are supposedly trying to help. Because of this the article advises borrowers to carefully assess any agency (or attorney) that they use to repair their credit situation.
The guide ends by reminding borrower that the best way to improve credit is to stay on course and make sound financial decisions – using credit wisely, paying bills on time, and paying off debt as soon as possible. It says,
“Credit counselors may have a role in helping you repair your credit if you choose an agency carefully and do your homework. Keep in mind, however, that most of the services you will be paying for are actions you could take on your own for free. Also, it’s important to discuss an agency’s course of action in detail and avoid services that run the risk of harming your credit rather than improving it. Depending on your credit problems, hiring a credit repair attorney could prove advantageous, particularly if you have inaccurate information on your report that the original creditor refuses to remove. If you also feel you could benefit from some financial counseling, consider a credit repair counseling agency with an attorney on staff. An attorney can also act as your experienced and knowledgeable representative in negotiating debt repayment plans, halting illegal collection activities and following whatever legal avenues may be available to you in improving your credit score.”
For more details on the credit repair attorney vs. credit repair agency question, click here to read the full guide on LoanLove.com.
Kevin Blue, Loan Love, http://www.loanlove.com, +1 (949) 292-8401, [email protected]
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