Credit Repair Attorney in Madisonville
Improve Your Credit Score with Our McLean County Firm
Do you need credit repair in Madisonville or anywhere in Hopkins or Webster
County? Does your credit report contain inaccuracies or inconsistencies
that need to be addressed? The modern credit reporting system can often
be flawed, but its impact can still limit the financial opportunities
available to you.
As a credit repair lawyer in Madisonville, I understand how frustrating
it can be to have a credit report that does not reflect your actual creditworthiness. I have
40 years of experience as a
practicing attorney and will do everything possible to assist you with this important aspect
of your financial condition.
Schedule a free initial consultation to learn more about how my team at
The Law Offices of Mark Little can assist you with credit recovery. Call
(888) 392-0409 or
contact my firm online today.
Restoring Credit After Filing for Bankruptcy
Much of my firm concentrates its work on supporting clients through
bankruptcy, a tool that allows many to overcome debt and regain control of their
finances. One unavoidable consequence of bankruptcy is that filing will
have a considerable, negative impact on your credit. Having a negative
credit report can limit your ability to buy a house, lease a car, or obtain
new lines of credit.
Fortunately, efficient credit recovery is possible when the appropriate
strategies are implemented. Bankruptcy filers can take steps to start repairing their credit immediately,
and many recover within only a few years.
As a credit repair attorney in Madisonville, I can help you improve your
credit after bankruptcy through:
Checking for inaccuracies or negative information. Believe it or not, it is not uncommon to find damaging information on
your credit report that is wildly inaccurate. I can take steps to have
inaccurate and negative information removed from your credit and ensure
that your score is subsequently updated to reflect the removed elements.
Paying down open accounts. Bankruptcy does not allow you to discharge all types of debt, including
student loans, tax debt, spousal support, and mortgage payments. You can
improve your credit by reducing balances on these accounts as much as
possible. I can help identify what accounts should be targeted to help
improve your score efficiently.
Utilizing credit cards with no balance. If you enter bankruptcy with a credit card with zero balance, you will
likely get to keep that card, as that account will not be involved with
your filing. Continuing to responsibly use an existing line of credit
can help quickly enhance your score. You will need to make regular payments
and ensure that the balance remains close to zero.
Applying for secured credit cards. If you do not have an unsecured credit card available to you following
a bankruptcy, you will likely have difficulty applying for a new one.
Many lending institutions offer secured credit cards, which require cash
security deposits but are generally available to those with lower credit
scores. Using these cards can enable you to quickly restore credit in
the wake of a bankruptcy filing. I can help identify secured credit cards
and other resources.
Avoiding common credit recovery mistakes.When you have low credit, you will have a more challenging time applying
for credit cards and securing loans. If you do manage to secure one or
more loans, they will likely have less than favorable terms, including
higher interest rates. It is important that you understand your limits
during this recovery period and avoid applying for any application that
will prompt a hard inquiry on your credit report. Accumulating too many
hard inquiries can threaten recovery efforts and further damage your score.
I can help you avoid these common errors and answer any questions that
you may have about applying for credit cards, loans, and other financial
Reporting positive information to credit bureaus. Frustratingly, creditors and lenders do not necessarily send positive
information to credit bureaus. The more positive activity that you accumulate,
the more your credit score will improve. You can help accelerate this
process by asking creditors and lenders to report information to all 3
credit bureaus. I can assist in contacting creditors and lenders and ensure
that all positive information is reflected in your report.