Aren’t Credit Bureaus Supposed to Protect Us…

I have worked as a paralegal in many aspects of the legal field for over 10 years, and working on various bankruptcy cases I’ve learned many things involving the credit industry. Many people are under the assumption that going to an attorney for their credit issues will protect their rights, but this is wrong. Attorneys are trained in bankruptcy law and collection practices, but very few learn the ins and outs of the rights consumers have and how they can be protected prior to any court intervention.

You should always work on your credit and have errors corrected and/or removed before filing for bankruptcy for two main reasons. First, some attorneys charge by the number of accounts they will be “discharging” for you. Second, once you file for bankruptcy, you have automatically verified all your debts, whether they can be legally collected on or not. Unless you verify your accounts, especially collection accounts, the credit bureaus are not going to correct or delete them all together. Many attorneys are trying to process as many bankruptcies as possible, and will not bother to verify the accounts before filing. They will go by the accounts listed on the credit report and process the case accordingly.

Credit repair does not have to be done by an attorney, but there are several attorneys that will go the extra mile for a client before advising them to go down the bankruptcy route. Using a reputable credit consultant is advisable but finding one with integrity might be difficult. We have been conditioned to believe credit repair is not legal and many engage in shady practices. A reputable credit consultant will give you a contract of services, they will not guarantee results, has a cancellation clause in the contract and does not conduct illegal practices like purchasing trade lines for your report.

Credit bureaus and creditors pay large sums to advertise that credit repair is illegal, but don’t believe the hype. Credit repair is LEGAL and regulated under the 1996 Credit Repair Organizations Act (15 U.S.C. §§ 1679-1679j), and these organizations/companies use the 1970 Fair Credit Reporting Act (15 USC § 1681 et seq) to repair a client’s credit file. These laws have been around for decades, but big bucks are paid to have you think credit repair is illegal and that nothing but time can fix your credit.

If you are interested in saving money by working on your credit file, correcting errors and improving your credit scores, contact me and schedule an appointment today.

Just Because its Bigger, Doesn’t Mean its Better

big not betterCredit repair companies are looked upon with a skeptical eye as many have been led to believe that credit repair is illegal and only time can repair your credit. This is not true and the Fair Credit Reporting Act gives you the right to challenge incorrect information in your credit reports. Why wouldn’t you challenge information in your credit reports that are reflecting negatively on your credit worthiness. There are many credit repair companies out there, but not all provide the same level of service.

Not too long ago, someone reached out to me with questions about credit repair. I was shocked to find out that he had signed up with a large, and very well-known repair company, over a month had passed yet he had not heard a thing from them. Our turnaround time is less than a week, and we get started immediately on your analysis and disputes. The credit repair process takes time when done legally; hence, the faster you begin the process, the quicker the results.

Also, credit repair is not only disputing negative items in your credit reports, establishing good credit at the same time is essential for the process to work. Knowing when and how to establish new and good credit history is something Martinez Consulting Services teaches, as well as other credit habits that should be implemented in order to achieve financial goals and independence. Learning how to use credit correctly will help raise your scores and credit worthiness in the eyes of creditors and lenders, placing you in a position where you can purchase your dream home, dream car, send your kids to the college of their choice or take that dream vacation without leaving you destitute. The possibilities are endless if you take control of your credit and finances today. To request information or to get started, please send your contact information with preferred method and time of contact to Lmartinez964@optimum.net.

Other Services we Offer:

Notary Services

  • Mobile Notary
  • Apostille Services
  • Signing Agent Services

Business Services

  • Business Formation
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  • Consulting Services
  • Credit Services

Individual Services

  • Document Preparation
  • Typing Services
  • Credit Repair/Analysis
  • Virtual Bankruptcy Assistant (For attorneys only)
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