Keller Law

Credit Issues

What is a credit report?

A detailed report of an individual’s credit history–that is, a variety of debt and payment history, prepared by a credit bureau or credit reporting agency.

When is my credit report used?

Credit reports can be used in a wide range of situations – including decisions about whether you can buy or rent a home, how much you pay for auto and homeowners’ insurance. Sometimes they’re even used in hiring decisions. Banks, landlords, cell phone providers, and many kinds of other companies rely on the accuracy of this information to make decisions.

What is a “Good” credit score?

The three major credit bureaus (Experian, Equifax, and TransUnion) gives scores ranging from as low as 300 to as high as 850. This is not golf; a lower score is a bad thing. A “Good” score depends on your situation. For example, you may be approved for a loan anywhere between 620 and 850. However, your interest rate generally will be better (lower) with a higher credit score. We have found that most individuals can meet any of their goals with a credit score of approximately 680. Do not be discouraged if your score is nowhere near here; almost every day we meet and help people with scores far below what may be considered a good score.

What things hurt me most on my credit report?

The credit reporting agencies calculate their scores differently. However, there is no dispute that collections and judgments kill your credit score. Payment history is another huge factor affecting your credit score. A “hard hit” occurs when someone, typically a lender, runs a report to see your credit score and debt history in your credit report. Hard hits generally only reduce your score by a few points, but those add up quickly.

Can I do anything to remove collections from my credit?

Yes. Our office has had great success removing collections, and even judgments, from our clients’ credit reports. While we cannot guarantee results, we proudly boast that our work has caused many of our clients’ credit scores to increase over 100 points.

Why does KELLER LAW have success?

There are many reasons we have success improving our clients’ credit scores. Most creditors know that we will not hesitate to sue them for violations of the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), defamation, or other consumer protection laws. We will also report creditors to the Consumer Protection Financial Bureau. We vigorously defend debt collection lawsuits, while most debt collection attorneys are willing to do only the bare minimum. As a result of us fighting for our clients, debt collection companies and attorneys have no choice but to spend time and money to fight back; the alternative is that they simply walk away, which is often the only way to avoid our counterclaims and exposure of their improper collection techniques.

Contact KELLER LAW today to see how we may be able to help you increase your credit score or deal with unwavering creditors.