if someone has bad credit due to collections NOT to debt is it wise to seek help from an attorney or?

Question

a specialist? and who would you recommend?

Answer 1

You can fix your credit the same way the costly "fix-a-credit" companies do. Get your reports (experian, etc.) and dispute the entries. Many times, a creditor who has been paid in full will not spend money responding to the dispute. The reporting company then has somewhere around 45-60 days to remove the line item. Google "free credit repair" and you will find a guide. Good luck.

Answer 2

Here are some things to improve your credit rating. Go online and order up your credit reports. You get a free one every year. Print and carefully review those reports. Send a personal letter to each company who gave you a bad rating. Explain any problems you had that resulted in the comments they forwarded to the credit bureaus (you can embellish a little), apologize, and ask them to please remove the comments. Most companies will in fact send a change to the credit bureaus and your rating will start going up. You will probably find some debts that are in collection and you never even knew about. Contact the collection agency. Again, explain any problem, apologize and pay off the debt. You may have to contact the original company that turned over the debt to the collection agency and ask them to remove the remarks. When I say remove, they are instructing the credit bureaus to remove the negative comment. If too many businesses are querying your credit history that will hurt. If they are companies you did not want to make this query dispute the matter with the credit bureaus. Example: You go shopping for a new car and three dealerships query your history. Did you authorize that? Credit comments that are poor can be removed after a certain period. I think it is 5 or 7 years. It will be on your report as will other tips to improve your report. Ask the credit bureaus to remove those old accounts from your record. There are many things you can do to improve your credit and financial situation, but you asked about the credit bureau reports. Not enough room here. Start researching websites on how to improve your credit history and learn as much as possible. You do not need a lawyer and you do not need one of those private companies which claim they can help. Research and learn. Good luck.

Answer 3

Collections arise out of bad debt. If you have paid a debt after it went to collections you need to make sure you notify the collection agency that it has been paid and provide some kind of proof. If you are in collections it is only a matter of time until their attorney contacts you...I would suggest calling the collection company and trying to set up a payment arrangement then sticking to the arrangement. Once a collection account is paid off it will stay negative on your credit for either 5 or 7 years, at least in California it does, there is nothing you can do to get rid of the negative reporting.

I am a legal assistant and in no way is this legal advice, just my personal opinion.

Answer 4

thats hard to answer without knowing the details.
What is the status of the collections?
are they outstanding collections?
paid collections?
settled for less than full collections?

And the inquiry about help. I can only assume you say help because your credit is hurting you from getting a loan.

If you have a paid collection a letter showing it is paid and any mitigating circumstances. ( i.e.. out of the ordinary medical debt .. car broke.. caused met to not be able to make my debt commitment and it went to collections I have since satisfied this debt per this letter )
If its settled then a letter saying something like this debt was in dispute over the amount and we finally came to an agreement on an acceptable amount which has been satisfied.

if its outstanding well then you have to pay it settle it or dispute it.
and by settle I mean negotiate a less than full amount payment as to be considered satisfied.

I recently did this on a medical bill that I had a dispute on the amount over and agreed that I would pay half of the money with the condition that they did not report it as a settled debt to the credit bureaus.
The normal process is that they will report a remark on your credit changing it from open collection to satisfied - less than full amount. But if you can get them to agree in writing otherwise :)

Answer 5

People are often uniformed about how to fix your bad credit. there are several factors that lower a credit score. One is late payments (30 day,60 day, 90 day etc) with each open credit acount that you have. Another are charge offs(accounts that have not been paid for more than 6 months and thrown into collections for full payment). Also, accounts like cell phone bills, cable etc.
There are ways to clean your reports (asking for validation of debt for example) this requires constant follow backs and creditors usually get tired and erase negative remarks on your report. Go to Creditboards.com for more information on how to go about it. Get a clean copy of all 3 credit reports from experian, equifax, and transunion. Spend a whole weekend reading about each topic and your armed and ready to repair your credit.
I used the information from this board to build my credit from 0 to a score of 735 in just 6 months. this is the information that credit repair specialists use to clean your credit, for FREE!
attorneys arnt equipped to handle your specific credit problems and they would be most expensive to do this even if one claims so.
good luck
i would also like to note that simply paying the debt will not benefit your credit..you have to repair and remove the negatives

Answer 6

Why do you experience consolidation or financial ruin isn't an option. Neither of those techniques precludes you from paying the debt off, they're purely undemanding methods to get a cope with on a run away situation. Of the two, consolidation is obviously your ideal determination. in case you very own a house and characteristic fairness in it, a house fairness line of credit for $5000 is an exceedingly stable option, and that i'm valuable the interest would be plenty under what the credit card agencies are charging. If that may not an option, negotiating with the credit card agencies the two straight away or by way of their series brokers is your next option. tell them they the two could settle to your grant, or you will could document for financial ruin. financial ruin is a messy corporation for all events in contact, so as that they may well be open to negotiation. Worst case, submitting financial ruin will help you stave off the lenders by way of the courts on an identical time as you get decrease back on your ft. The court docket will arise with a fee schedule that's genuine searching for all events. submitting financial ruin wreaks havoc on your credit status, and can be used as a final line of protection, yet especially situations it fairly is needed.

Answer 7

Absolutly not. I have taught mastering your credit courses. Even paying the collections off won't help your credit score. Once it's on there the only thing that can improve your score is time, and adding other accounts that show a positive rating.

Answer 8

If you are just getting collections you can write them and tell them to stop contacting you. If they are violating federal law and contacting you at work or friends and relatives, you can sue them.

If the debts are past 7 years from the last activity, they are not legal debts anymore.

Answer 9

Bad credit ratings can only be fixed with time. An attorney can not erase late payment problems, nor can anyone else. & years will wipe it clean.

Answer 10

there are lots of options if you are in debt. i recommend doing debt consolidation. use this site to get quotes on the best deal for you.