So, you spent the first third of your life treating your credit score like a punching bag. Now, as an adult, you need your credit score to work for you to buy your first new car, a house, or maybe to get a loan to start a business. Or, maybe your credit report has errors. Did you know, in Florida, 79% of credit reports contain errors? Depending on how complicated your credit history is, you may be able to use a private credit repair service. The Credit Repair Organizations Act (CROA) does offer protections to consumers who may be considering the use of a private credit repair service.
Credit repair services must:
- Offer certain affirmative disclosures (any potential negative effects of service) and transparency.
- Not demand fees before service is rendered.
- Offer contracts in writing and give the consumer the right to cancel the contract.
A credit repair service may be a viable option if your credit issues are not too complex.
When Should You Hire a Credit Repair Attorney?
Navigating the resolution of these errors can require extensive knowledge of state and local law. While a credit repair service may be able to help you with one or two minor issues, a credit repair attorney can be a game changer because:
- They have a firm grasp on state and county law.
- They can get the attention of a credit bureau much more easily.
- If credit repair leads to bankruptcy, it is of huge benefit if the attorney is familiar with your case.
- The attorney may be able to tell you when it is time to explore bankruptcy options.
- Having an attorney/client relationship established with credit bureaus can expedite your case.
If you are losing sleep over your credit situation, contact Dsouza Legal Group. Elias Dsouza has been representing people in credit repair cases for over 15 years.