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DeLoache Law Office 25+ Years of Excellence Helping Arkansas Families and Businesses Alike

Jonesboro Credit Repair Lawyer

Let Us Help You Fix Your Credit Score

A low credit score can be frustrating on many levels. Bad credit leads to higher interest rates as well as denied lease and loan applications. Typically, filing for bankruptcy has a negative impact on your credit score for several years.

It is important to understand that there are no easy or quick ways to repair negative credit history, but it can be done through diligent effort and strategic planning.

Your Rights as a Consumer

There are several laws in place to protect your rights as a consumer when it comes to debt and your credit.

The Fair Credit Reporting Act (FCRA) is key among these laws. The FCRA protects your right to access free accurate credit reports and dispute credit inaccuracies. In addition, the FCRA limits which organizations can see your credit report and the maximum amount of time an item will stay on the report.

The Fair Credit Billing Act specifically protects you against unscrupulous credit billing practices. It allows you the right to dispute charges and billing errors.

Finally, the Credit Repair Organizations Act (CROA) protects you from deceptive credit repair organizations. Under the CROA, credit repair companies cannot engage in deceptive advertising and must provide accurate information to customers before they pay.

How We Can Help You Restore Your Credit

After you have emerged from a Chapter 7 or Chapter 13 bankruptcy, you can take smart steps that will help you repair your credit score faster.

Steps you can take towards restoring your credit include:

  • Applying for a secured credit card (making small, steady, on-time payments each month will rebuild your credit score as your payment history accounts for 35% of your credit score)
  • Checking all billing statements each month for accuracy
  • Paying your balance in full each month or keeping balances low
  • Setting up automatic payment plans so that you do not miss payments
  • Building up your savings
  • Paying off loans that were not discharged during bankruptcy in a timely manner
  • Asking when you can upgrade to an unsecured card (usually if you have successfully managed a secured card for more than 12 months, your bank will let you switch over)
  • Refraining from opening too many new credit cards
  • Charging only what you can afford onto your credit cards
  • Regularly reviewing your credit report and disputing errors and negative information

Do I Need a Credit Repair Attorney?

You may have seen credit repair companies offering to quickly and easily erase your bad credit. However, many credit repair companies will take your money while doing little, if anything, to improve your credit score. These companies usually do not have a single attorney on staff, and their staff are often handling a large number of clients at the same time.

In addition, scams run rampant in the credit repair industry. The CROA outlined several practices that credit repair companies are not allowed to engage in, but these are still prevalently used in some companies.

Credit repair companies are not allowed to:

  • Guarantee they can fix your score within a specific time period or by a specific amount
  • Provide false information to involved parties to raise your credit score or ask you to provide false information
  • Promise they can create a new identity for you to erase your credit history
  • Charge fees for services not yet performed
  • Require you to waive your rights under the CROA or any other rights

In contrast, our credit repair attorneys understand all the applicable laws and will use our knowledge and expertise to benefit you. We have a thorough understanding of both federal and Arkansas credit law, and we can offer you options that most credit repair companies are unaware of due to a lack of specific legal expertise.

Some aspects of credit restoration we can help you with include:

  • Auditing each item on your credit report for accuracy
  • Aggressively disputing inaccurate reports
  • Developing a plan to maintain a positive credit score

Fix Your Credit Score With Our Firm in Jonesboro

At DeLoache Law Office we think it is helpful to have legal guidance on your side during and after bankruptcy. Our law firm may be able to help you repair your credit score by working with you resolve errors on your credit report, assisting you with creating a workable budget and advising you on how to avoid predatory lending scams and payday loans.

Call our office in Jonesboro, AR at (888) 233-7016 for an initial, no-obligation consultation with our credit repair legal team!

We proudly serve the areas of Jonesboro, West Memphis, Paragould, Blytheville, and surrounding Arkansas cities in all bankruptcy matters.

Contact DeLoache Law Offices

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