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Question By
Reynatribe

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is it better to fix credit on own or get an attorney
is it better to use an attorney to fix your credit issues or is it feasible to do it yourself

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Top Contributor
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DIY very feasible!!

Helpful to 5 out of 7 people

Doing it yourself helps you torealize the mistakes you made so you're less likely to do them again.

First, get copies of all 3 credit reports at freeannualreport.com.  Take the time kto look them over very carefully and file disputes on any item that is not yours with the credit bureau reporting same.  They have to investigate and either verify or delete the item.

Next, search the web for the statute of limitations on collections for your state.  Any items that may remain on your credit report that may be close to reaching the statute date would have a good chance of being settled for less than what the total shows if it is being handled by a collection agency and you could be able to negotiate a "pay for delete" arrangement so that this account might end up being reported as a good pay or even deleted from the credit record.  Make these negotiations via certified mail and hang on to copies of everything!!

Anything you can't get changed, you'll have to make regular payments on.  In the future, you want to keep your credit card usage at or below 20% and also pay each statement in full to avoid the interest charges.

Try avoiding bankruptcy at all costs, since such action will hurt your credit score for the next 10 years.  If you are still thinking of bankruptcy, most attornies offer a free first consultation and may give you additional ideas you can do for yourself to get credit back on track.

DO NOT fall for any of the "credit repair companies" since I've heard far too many reports of them wanting clients to do something that could possibly constitute fraud, they require payment and they are often late in paying the creditors so the client's credit suffers even more.

Hope this helps.

Reply by
lesleyhoenig

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15 People Helped
Helpful to 1 out of 1 people

While bankruptcy initially hurts one's credit, one can have a good credit score in the 700 range in about 2 years after filing.  Keep in mind this requires a good post bankruptcy payment history and continuing to have the low debt to income ratio creatd by a bankruptcy discharge.

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Most Helpful Response

Better to do it yourself

Helpful to 2 out of 2 people

Unless you need to file FCRA claims against a creditor or credit reporting agency, there isn't much an attorney can do with your credit that you cannot do yourself.

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