Credit Lawyer in El Reno, OK
Credit Lawyer in El Reno, OKIs your credit out of control? Do you not know how to get your finances in order because they have been stressful for a long time now? If your answer is “yes” to either of these questions, you need to enlist the assistance of a credit lawyer in El Reno Oklahoma, like one from Marty Martin Bankruptcy Law, as soon as possible. He or she will be able to help you navigate through all of your financial difficulties and come up with ways to help begin building your credit once again. Your lawyer will take a deep dive into all of your financial issues to determine what the next best steps to take will be and help figure out how to get your finances under control.
How Can Bad Credit Affect Your Life?
Bad credit affects many different aspects of your life. If you do not have good credit, you will likely get rejected from many different apartments, places to live, and will be unable to purchase a home. The reason for this is because the people who are expecting to collect a mortgage or rent from you will feel like they cannot trust you to make your payments on time. Having poor credit shows those who may lend you money that you might not be a reliable person to lend money to. By hiring a credit lawyer in El Reno, OK from Marty Martin Bankruptcy Law, you are enlisting the assistance of someone who is experienced in this world and can help figure out how to make you a more trustworthy source to lend money to. Your lawyer will do his or her best to make anyone who you need to go into a financial deal with trust that you will pay them back in a timely fashion.
Taking Steps to Better Your Credit
There are many different things you can do to begin improving your credit quickly. A credit lawyer may advise you to take some kind of financial classes that will give you a step-by-step guide on how to do this. Your lawyer may also suggest paying certain debts back faster than others, or even considering filing for bankruptcy if you are really in too deep. Speaking with an experienced credit lawyer can be life changing for many and it is important to take your credit seriously. Do not hesitate to reach out to an experienced credit lawyer in El Reno, OK from Marty Martin Bankruptcy Law. You can set up a consultation to go over all of your finances to determine what the next best things to do will be. Reach out today to learn more!
Debt Relief Options
An El Reno, OK credit lawyer understands that if you are struggling with debts you are unable to pay, there may seem to be little alternative other than to deal with the harassing phone calls from debt collection agencies while waiting for legal actions to be filed. Bankruptcy can provide much-needed relief in these situations, but there are some alternatives to bankruptcy you may want to consider first.
Whichever path you choose to take, make sure you are dealing with an experienced and reputable credit lawyer. Unfortunately, there are plenty of scam artists out there who know the vulnerable position you are in and are looking to take advantage of it for their own gains.
One common alternative option to bankruptcy is debt repayment and settlement plans. The following is a brief overview of some of these options, depending on the types of debts you owe.
For Credit Card Debt
Credit cards represent unsecured debt, meaning there is nothing the creditor can repossess in order to get back some of the value of the amount you owe. This puts you in a good position to negotiate a debt settlement, in which you offer to pay back only a portion of the loan. To get interest or past due payments waived, you may also have to agree to a somewhat higher payment plan going forward or come up with the funds to settle the account in one lump sum.
For Mortgages and Car Loans
You may be able to negotiate better terms on your home mortgage if you act quickly before you have missed more than one payment. An El Reno, OK credit lawyer can assist with these negotiations. Car loan companies and banks may be less likely to cooperate in reducing your interest or payments on a car loan. If these are debts you can no longer afford and you are willing to part with the property, selling may be a good idea.
For Past Taxes
If you owe the Internal Revenue Service (IRS) for past due taxes, payment plans can be arranged, or you may be able to make an offer in compromise. This allows you to settle your debt for less than the total amount you owe. If a job loss or other difficulty is the reason for your current problems, the IRS may be willing to delay collection actions until you get back on your feet.
Beware of Debt Relief Scams
When seeking ways to reduce or eliminate your debts without having to file for bankruptcy, the Federal Trade Commission (FTC) warns consumers to be wary of debt relief scams. These companies often advertise on television or may contact you through robocalls, offering to settle or reduce the total amount you owe. While charging hefty fees for their services, they fail to follow through and may even steal your personal information from others in the process.
Before entering into any type of agreement with a debt relief company, make sure to consult with an El Reno credit lawyer from Marty Martin Bankruptcy Law first.
El Reno Credit Infographic
Common Misconceptions About Credit
If you want to raise your credit score, an El Reno OK credit lawyer from Marty Martin Bankruptcy Law may be able to help. A low credit score can make it difficult to get approved for various loans and even increase your auto insurance premiums. Here are some common misconceptions about credit that you shouldn’t believe.
- Closing a credit card account can increase your credit score. If you haven’t used one of your credit cards in a long time, you might be thinking about closing the account. After all, what’s the harm? However, closing a credit card account can actually lower your credit score. It lowers your total available credit, which causes your credit utilization to go up. If you think you will be tempted to use the credit card for frivolous purchases, you can always cut up the card.
- If you pay off your debts, you will automatically have a good credit score. If you’ve recently paid off all your debt, that is definitely something to be proud of. However, that doesn’t necessarily mean that your credit score will shoot up. If you have a lot of missed or late payments on your credit report, it may take longer for your credit rating to go up.
- Checking your credit report will hurt your credit score. This is another common myth you shouldn’t believe. As an El Reno credit lawyer can confirm, an inquiry will only negatively affect your credit score if you apply for a loan or credit card. This suggests that you will be adding debt. However, if you simply check what your credit rating is, you won’t be penalized for that.
- If you get a higher paying job, your credit scores will increase. Although getting a higher paying job is great, it won’t have an effect on your credit score. Your credit report will include information about how you pay and manage your debts, but it won’t include your income. However, your job may impact your credit rating indirectly. If you don’t make enough money at your current job, you may have trouble paying your debts on time.
- Carrying a balance can help my credit score. This isn’t true at all. Carrying a balance on your credit card can actually lower your credit score. Also, you will end up paying more interest in the long run. That’s why it is best to pay off your credit card balance in full every month.
- My employer can see my credit score. Some people are under the false impression that employers can see their credit score when they apply for jobs. Although employers can pull up your debt and payment history, they won’t be able to see your actual score.
- Student loans don’t affect your credit score. Another myth is that student loans won’t have any impact on your credit rating. However, if you default on your student loans, your credit score can go down.
If you need assistance with improving your credit, you may want to schedule an appointment with an El Reno credit lawyer from Marty Martin Bankruptcy Law.
El Reno Credit Infographic
Credit FAQs
Our El Reno, OK credit lawyer often receives questions from clients looking to improve their credit or deal with financial challenges such as foreclosure. Attorney Marty Martin has 20 years of legal experience in bankruptcy and debt repair, making him uniquely qualified to address the most common questions about credit lawyers, credit scores, and foreclosure issues.
Can A Lawyer Fix Your Credit Report?
While our lawyer cannot directly “fix” your credit report, wecan help you address and resolve errors or inaccuracies that are hurting your credit. Credit reports are maintained by credit bureaus, and sometimes mistakes are made that negatively affect your score. If you find errors—such as incorrect account balances, accounts that don’t belong to you, or outdated negative entries—our firm can assist in disputing these inaccuracies with the credit bureaus.
Our credit repair lawyer can also represent you in negotiating with creditors who have made errors in reporting your account or payment history. In some cases, we can work with creditors to have negative information removed or corrected if they violated your rights under laws like the Fair Credit Reporting Act (FCRA). However, if the negative information is accurate, we can assist in negotiating settlements or payment plans to reduce the impact of the debt on your credit report.
Can You Sue For Credit Score Damage?
Yes, you can sue for credit score damage, but only under certain circumstances. If a company or creditor has violated your rights in a way that caused harm to your credit score, you may be able to pursue legal action. For example, if a creditor inaccurately reports information to the credit bureaus or fails to correct an error even after being notified, this could be grounds for a lawsuit under the Fair Credit Reporting Act (FCRA) or other consumer protection laws.
Additionally, if a creditor engages in deceptive practices, such as fraudulent reporting or misrepresentation of your debt, and it harms your credit, you may have a legal claim for damages. Our El Reno credit lawyer can help evaluate your case, advise you on whether you have grounds for a lawsuit, and assist with legal action if necessary. It’s important to know that proving credit score damage typically requires showing that the error or violation directly impacted your score or caused significant harm to your financial life.
What Is A Credit Lawyer And How Can They Help Me?
Our credit lawyer is a legal professional who specializes in helping individuals resolve credit-related issues, including disputes over credit reports, debt collection practices, and foreclosure defense. If you’re facing financial challenges, our attorney can provide the legal knowledge needed to protect your rights and work toward a positive resolution.
We can help you address inaccurate information on your credit report, negotiate with creditors, stop harassment, or help you understand your options if you’re dealing with collections. If you’re facing foreclosure or facing lawsuits over unpaid debts, we can represent you in court and help you explore alternatives to mitigate or eliminate the impact of financial struggles. Essentially, our credit attorney can guide you through the often complicated aspects of consumer finance law, providing the necessary support to get your financial situation back on track.
Can A Credit Lawyer In El Reno Stop Foreclosure Proceedings?
Our law firm in El Reno can assist in stopping or delaying foreclosure proceedings in various ways. If you are at risk of losing your home, we can help you explore all of your options to avoid foreclosure. One of the first steps may involve negotiating directly with your lender for a loan modification or repayment plan that can help you keep your home.
Additionally, we can challenge the legality of the foreclosure if there are errors in the process or if the lender has not followed the proper procedures. If necessary, we can also represent you in court to fight the foreclosure. There are also options such as filing for bankruptcy that can temporarily halt foreclosure proceedings, giving you time to get your finances in order. Our goal is to explore every option available to you and to find the best solution to help you avoid foreclosure.
How Much Does It Cost To Hire A Credit Lawyer?
The cost of hiring a credit attorney depends on several factors, such as the unique details of your case and the services required. Many credit lawyers, like Marty Martin, offer a free initial consultation, allowing you to discuss your case and understand your options before deciding whether to proceed. Once you’ve discussed your situation, the fees will be explained, which may vary depending on the type of legal work needed.
Let Us Guide You Toward Financial Relief And Protection
If you’re dealing with credit issues or foreclosure, contact our El Reno credit lawyer today to schedule a consultation. We’re here to help you make informed decisions and take the right steps toward resolving your financial challenges. Call Marty Martin Bankruptcy Law now to explore debt repair strategies and take the first step toward getting your credit back on track. As Oklahoma’s #1 bankruptcy lawyer, with a successful track record of results, our methods are proven to be effective. Don’t wait to get the support you need to regain financial stability.