Credit Repair Lawyer El Reno, OK 
An El Reno, OK credit repair lawyer understands how challenging it can be as you are trying to rebuild your credit after you have dealt with difficult financial situations. Although it may feel overwhelming times, the rewards of the time and effort you put into this process will eventually result in a higher credit score. The following is a brief overview of some of the factors that should be addressed if you are having issues with your credit history. For more detailed information regarding your particular circumstances, contact Marty Martin Bankruptcy Law.
Credit Reports
When you are trying to repair your credit, the first thing you should do is contact the three major credit bureaus to obtain copies of your credit report. These three companies – Equifax, Experian, and TransUnion – are required by law to give you a copy of your report once a year, free of charge.
Look over your report to make sure there are no discrepancies. If there are, you can file a dispute with the credit bureau to have the errors corrected or removed.
On-Time Payments
Paying your bills on time is one of the most crucial factors there is when it comes to increasing your credit score. If you have a history of late payments, this will significantly impact your creditworthiness – in a negative way. Many people find it helpful to set up automatic payments in order to avoid being late, as well as avoid late fees and penalties that many companies impose.
Reducing Debt
If you have high debt, it can have a negative effect on your credit score. An El Reno credit repair lawyer can help you develop a plan to pay down your outstanding debt. Some of the ways this can be done are by paying high-interest accounts first, debt consolidation, or negotiating with creditors for more favorable repayment terms.
Keep Old Accounts Open
While it may seem like a good idea to close old accounts, especially if you are trying to reduce your debt, closing these accounts can actually have a negative impact on your credit. One of the factors many companies look at when issuing credit is the length of credit history an applicant has. Keeping old accounts open and active will demonstrate a longer credit history.
Establishing New Credit
If you have no credit history or poor credit history, consider applying for a secured credit card. Keep your purchases small and make sure to pay balances in full and on time. This will go a long way in helping to rebuild your creditworthiness again.
Seek Professional Assistance
The credit repair process can be overwhelming and often requires the assistance of a credit repair professional. An El Reno credit repair lawyer can help you navigate the complexities of credit repair and provide valuable insights and strategies tailored to your specific situation. To learn more, contact Marty Martin Bankruptcy Law to schedule a free and confidential consultation and find out how our firm can help you on the road to a better credit score!