Credit Repair Feels like a Stephen King Novel, Ends like a Disney Movie

Navigating the twisty turns from Millinocket to Norcross can be horrifying late at night when your engine is running on only three cylinders and your flashlight’s batteries are dead in the days before cell phones which don’t work out in the deep woods even today. 

Navigating the Fair Credit Reporting Act to the Fair Debt Collections Practices Act can be just as intimidating. 

Creating the right letter to send to the right person to settle a debt, without help of any sort, is not so simple as it sounds. I’m an attorney, and I didn’t want to do it either. What if the debt is now with a debt collector, such as Portfolio Recovery or Midland Funding, and the debt collector has sent letters to explain that they are now on the account, can the debt be settled with the original owner, such as Macy’s or Capital One? 

If Hunt & Henriques, Attorneys at Law, have already obtained a judgment for their clients, Cavalry Portfolio, what percentage of the debt would one likely have to pay in order to settle it? Or what if the judgement has been turned into a lien on the borrower’s home already, how much then? Will it be ridiculous? 

Maybe a bankruptcy would be better, and sometimes it is. But bankruptcy should be the last resort. If you have no resources, no extra car to sell, no 401k to borrow from, no jewelry left over from a previous or unrequited love, or no one in the family who might make you a low interest loan, or if the creditor won’t take a payment plan, (they seldom do) perhaps a bankruptcy is the right next step. 

But assuming bankruptcy is not right for you, knowing what to do next to restore credit to its good health is important. Buying a car might have to be put on hold, or buying a house might never happen. Paying for a vacation might have to wait years because all the money that would have been saved for the vacation is going to pay high interest rates on the car and truck so mom and dad can get to work. 

On the other hand, credit repair could be as simple as that there are not enough good things on your credit reports. I remember when I realized that once all the bad things were off my credit reports that there was basically nothing left on them. My credit reports looked like I was a high school graduate. I had to open a couple of credit cards in order to make things right.

So I went to my own bank and gave them $1000 and they gave me a credit card with a $1000 credit line. It’s called a secured credit card. For me that was step two in the credit restoration process, adding good trade lines to my credit reports. You can do it with a lot less money than $1000, usually you can start with as low as $300. Then, after using the card, don’t pay it off all at once, pay it off over three (3) months instead. Save up the amount of the credit line, buy the thing for that much money, and then pay it off in thirds. 

Credit card companies prefer to see that  a customer actually needs the credit card before they increase a customer’s credit line. 

Do that a few times and your credit line will increase over a year or two, and so will credit ratings increase over that year or two and if you do it with at least two accounts, there’s a big boost to all credit ratings in not much time at all. 

There are plenty of other things you can look at to attack on your credit reports and other things to nurture. Do them all at once and you can raise your credit rating by tens to hundreds of points over relatively short periods of time. 

With the right guidance, your end result can be as rosy as any Disney movie happy ending.

And yes, I do get paid a small commission for referring you to the same credit repair guide that the pros use. And yes, of course you should buy it. Buy the Attorney’s Guide to Credit Repair for that guidance. 

Buy The Attorney’s Guide to Credit Repair

There is an easy to use guide to credit repair. Get it, Follow the program, and you will increase your credit score.

I’ve been a bankruptcy attorney for over 25 years and when it comes to credit, I’m the Credit-Reaper. Good Credit is your collateral damage. I ruin credit for a living in my Bankruptcy Practice.

So, after the the bankruptcy laws changed back in 2005, when no one thought they could file bankruptcy, I didn’t get a single call from a client for six months. My credit was in the pit of despair, or dis-repair. For us, the bankruptcy attorneys of America, the Great Recession started on October 17th, 2005, the day after the new bankruptcy reforms took effect. 

Financially devastated, my credit was ruined and so was I. But once the Great Recession got under way for everyone else, and I was financially saved, my credit was still destroyed. I had money and no way to spend it. My wife found a few ways to do it, but I couldn’t buy a house or a new car, (not with an interest rate that I felt I deserved at least). So, I did what most people do, I looked up several credit repair services, interviewed a few and then paid one good money to repair my bad credit.

It cost about an average bankruptcy which struck me as par for the course, paying to have good credit what I charged people to give them the ultimate in bad credit. And for that small pile of money, they agreed to repair my credit. Great, I handed over the money and then a little while later, we went in to sign some paperwork. 

The paperwork consisted in a bunch of letters, from me, mind you, not from my credit repair attorney, disputing everything in my credit reports that had impaired my credit scores. Once I saw those letters and how they were written, I realized that I could have done all of those letters myself without much difficulty; but if only I had the time to do the research to figure out exactly how to write those letters on my own. 

I hadn’t had any idea that the process was going to be as simple as it was. I was wholly annoyed at how little work it might have been for me to look it up on my own. I’m an attorney so that was something that I was good at to begin with. Nevertheless, as an attorney, I had just barely enough time to brush my teeth let alone learn a new area of law. Figuring it out would have required digging into code sections of the federal codes that I hadn’t been familiar with at that time.

Before I saw those letters I was signing, it sounded like a lot of work to figure it all out. It turned out though, that it really wasn’t. 

Even worse, I happened to notice, on top of a paralegal’s desk . . . as I was heading for the restroom, a handy dandy guide to create those dispute letters (among many other forms of credit repair). Let’s just say that the guide on her desk had a catchy name. The guide-book comes with templates and instructions that explain exactly what I would have needed to do in order to repair my own credit. If I’d found that guide first, I wouldn’t have had to spend thousands to repair my credit. Yes, there is a small fee for the guide book, but you can afford it.

The cost of the guide is less than a Starbucks per day for a month. 

Get the same Guide, Follow the program, and you will increase your credit score.

And yes, I do get paid a small commission for referring you to the same credit repair guide that the pros use. And yes, of course you should buy it.

To buy the same Guide, The Attorney’s Guide to Credit Repair, CLICK HERE