Jupiter Credit Repair Lawyer
Having good credit plays a key role in many areas of your life, while a bad score can prevent you from obtaining the things you want or need. At the law firm of Nowack & Olson, PLLC, we have over 40 years combined experience working with clients to help rebuild credit that has been harmed by outstanding debts, late payments, and collections actions. Our Jupiter credit repair lawyers are here to help you find the solution that is right in your particular case.
Factors that Go Into Your Credit Score
As a consumer, your FICO credit score determines whether companies are willing to extend you credit or personal loans. In addition to impacting your ability to open up charge accounts to provide for the things you need, it also affects your ability to obtain a mortgage, rent an apartment, buy or lease a vehicle, or even pass a background check. Factors that go into your credit score include:
- Having a lot of credit cards and other outstanding debts, which impact your debt to income ratio;
- Keeping high balances, with little available credit;
- Making late payments on your debts, including medical bills and utility payments;
- Having past due amounts owed;
- Having a history of creditor collections actions, such as liens or repossessions.
In an attempt to stay on top of their debts, many people end up making minimum payments. Unfortunately, this does nothing to improve your credit rating. With the penalties and high interest rates that are often charged, it can be impossible for consumers to ever pay back the amount they owe.
How Our Jupiter Credit Repair Lawyers Can Help
At the law firm of Nowack & Olson, PLLC, we can help you find real solutions to your debt problems. By meeting with you and carefully reviewing information about your income, your expenses, and the total amount you owe, we can advise you on whether filing for bankruptcy may be your best option.
While you may be reluctant to consider this option out of fear that it will only damage your credit rating more, the fact is that it can provide the fresh start you need financially and actually improve your FICO rating in the long run. It can eliminate all those high balances you have been struggling to maintain, while preventing you from squandering assets, such as your savings or retirement funds, in what is often a futile attempt to pay them off. Once we have helped you eliminate unsecured debt and renegotiated payment terms on items such as your home or car, you can begin rebuilding your credit score by maintaining low balances and keeping your accounts up to date.
Reach Out Our Team Today
Before consulting with debt consolidation agencies, which generally do more harm than good, or allowing debts to accumulate and put you at risk for collections actions, reach out and contact our Jupiter credit repair lawyers. At the law firm of Nowack & Olson, PLLC, we offer a free, 60-minute consultation to discuss the specific details surrounding your situation. Take the first step towards financial security and request your consultation today.