Your credit score (commonly known as your FICO score) is an extremely important number in your life. Your score tell lenders what they need to know about your financial situation. Lenders base credit approvals (and denials) based on your credit score and also use it to determine interest rates. If your score is low, you need to raise it before making a large purchase like a home or a new vehicle. Ronald Shields Cook, Attorney at Law, provides credit repair services for the people of New York. If you are tired of being turned down for credit, or paying high interest rates, schedule a consultation to find out how our firm can help. He can also help remove incorrect information as deal with identity theft issues.
What Is Credit Repair?
Your credit score is based on the items on your credit report. Each negative item causes the overall score to drop. Some of the items might be inaccurate or misleading, but they still affect the credit score. We can help clean up your credit report to increase your score. This entails removing incorrect items and negative items.
How Does the Credit Repair Process Work?
Some credit repair companies act like they use a magic wand to improve credit scores. They claim that you just need to hand over a payment and they will magically increase your score by hundreds of points. In reality, of course, there is no magic wand. You need an experienced attorney who has the skills necessary to improve your score.
Ronald Shields Cook, Attorney at Law will begin the process by reviewing your credit reports. During the initial review, your attorney will look for errors and will reach out to the credit reporting bureaus to remove the errors on all your reports.
Next, he will negotiate with the credit reporting agencies in an effort to remove negative items from your account. Foreclosures, charge-offs, and late payments can be removed in some cases, but proper negotiation skills are necessary.
How Long Does the Process Take?
If you have a negative item removed from your credit report, your score should increase in approximately 45 days.
Assistance With Settlements
Ronald Shields Cook, Attorney at Law can also help you if you need to settle credit accounts. If you owe more than you can afford, he can devise a settlement plan for you and then approach the creditors. Creditors are more likely to approve a settlement when the debtor is represented by an attorney.
Get Legal Representation
Ronald Shields Cook, Attorney at Law can also represent you in court if you’re sued by a creditor. Proper representation increases the odds of a positive outcome. This is critical if you want to protect your credit score.
Schedule a Consultation Today
Your credit score is too important to ignore. If you need a credit boost, contact Ronald Shields Cook, Attorney at Law to schedule a consultation. Representatives are available 24 hours a day, and we offer weekend and evening consultations.