Houston Attorneys:Board Certified Bankruptcy Lawyer

713-623-4242

Debt Management Law News

December 30, 2009

Credit Repair, Bankruptcy, Late payments, Charge Offs, Foreclosure and what We can do for you.

Many consumers, just like you believe there is nothing that can be done to change the information on their credit reports. Thankfully, this is not true. Federal law protects the right to have misinformation on your credit reports corrected. You are ultimately responsible for assuring that your credit reports accurately represent your behavior as a consumer.

Late payments

Thousands of people are unfairly suffering from low credit scores due to a late payment history. Many times, these payment histories can be removed. With the right approach, late payments can be completely removed and increase your credit score. It is common to have late payments reporting even when you weren’t late. These can occur from collection companies negative tactics, miscommunication, billing and administrative errors. Just because a creditor reports a negative item doesn’t necessarily mean it is a correct report.

Even If you try to work with a creditor to pay off a debt that is hurting your credit; they can continue to report negative marks on your credit. What purpose does this serve? If you are paying your creditors and they continue to report negatively, it is a lose-lose situation for you.

Keep in mind it is you against the companies and the reporting agencies: TransUnion, Equifax and Experian. If you have low scores, creditors can command a higher interest rate which simply means more money in their pocket. It is in your best interest to clear your report today; don’t rely on creditors to do it for you.

We have the experience and knowledge to clear your credit of unwarranted reports. Get started now.

Bankruptcy

Myth #2. Bankruptcy hurts your credit forever. Actually, after a bankruptcy credit offers may flood in. Why? Creditors know that you wouldn’t be able to file bankruptcy again for another seven years, so their interest in loaning you money is secured. Credit and credit company’s tactics are very calculated and often we see the customer’s credit with bankruptcies yield a higher credit score than those with late payments and collections.

If you are like one of the 573,000 people who filed bankruptcy last year, you know the tremendous emotional and financial stress it causes.

We specialize in helping people eradicate bankruptcies from their credit scores.

Divorce

Has a divorce sent your credit score plummeting? It happens often, and creditors bank on it making more money in inflated interest when you purchase homes, automobiles and unsecured debts. Don’t let a divorce ruin your credit. It’s common for divorced couples to move onward only to find that their ex-spouse’s negative credit history is still showing jointly on their reports. Creditors won’t care about why your ex-spouse’s history is showing on your report; they will simply not qualify you or charge you more to borrow money.

We have proven strategies to remove unwanted credit histories and substantially increase your credit scores.

Charge Offs

Charge offs are almost as bad as bankruptcies, and in many cases, worse. They indicate your refusal to pay off debt and implicate you as an irresponsible debtor. Even if your collection was years ago, creditors will continue to monitor your report and attempt to collect on these charge offs. In either case, your credit is severely affected by charge offs.

We are highly successful in removing all types of charge off accounts.

Foreclosure

Former President Bush required mandatory cooperation from mortgage companies for the first time in history. Lending institutions are required to work with you on your payments and interest rates even if you are late. The government is recognizing the mortgage crisis and is trying to help.

If you are facing a foreclosure, get started today. We can help increase your credit scores so you may be able to refinance and receive lower interest on the loans you pay.

If you’ve already experienced a foreclosure; we have good news for you. It is very likely your foreclosure can be removed from your credit. We have had tremendous success with removing foreclosures.

Liens and Judgments

Liens and judgments work in the same way. The negative ratings are provided by the courts instead of the creditor. We work with the court system in the same way we work with creditors. We enforce the Fair Credit Reporting Act, and requires the courts to abide under this law.

We have proven strategies to successfully remove liens and judgments. Don’t suffer with these negative items on your credit. We can help.

Repossessions

Repossessions pose problems at different levels. Not only will your report show the repossession, but also possibly a charge off and a collection as well as late payment histories. These multiple negative reports can devastate your ability to purchase or lease a new automobile without paying the highest interest rates.

Don’t worry. We can help. We work to remove these negative dings on your credit. We’ve removed thousands of repossessions. It’s what we do.

Identity Theft

Identity theft is a big business these days. Don’t be a victim. There are secure ways to protect and prevent your identity from theft, and we have the solution. If you’re a victim of identity theft we have good news for you. We’ll help to remove the fraudulent items from your report so you can get on with your life.

Sometimes, debt can be overwhelming, and bankruptcy becomes necessary.
Bankruptcy can sometimes be difficult. If you are considering bankruptcy, contact the Houston bankruptcy lawyers of Weston & Associates, PLLC at 713-623-4242

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