Your credit score is part of your personal profile and, like other parts of your profile — educational records, marital history, honors, publications, arrests, lawsuits — your credit score follows you and is available for scrutiny. Unfortunately, you may only become aware of the significance of your credit score when it interrupts the smooth functioning of your life. Too many people start to pay attention to their credit score only when they find that a poor credit score is an underlying reason that they have been denied a mortgage or auto loan or rejected by a potential landlord or employer or have to pay more for insurance. In too many cases, their poor credit score is based on a mistake.
If you find yourself in this predicament and don’t know where to turn, you should know that the Law Office of William J. Roe, P.A. routinely helps clients straighten out erroneous credit reports. Consulting with our credit repair claims attorneys is a first step towards setting things right.
What is a FICO Score?
FICO Scores are calculated based on analysis by Fair Isaac Corporation of the three major consumer credit bureaus: Experian, Equifax and TransUnion. Nearly all first-rate lenders use FICO scores to determine how to assign credit. It is essential that you check your FICO score regularly to make sure that it accurately reflects your financial behavior. Of course, if incorrect reports are forwarded to Fair Isaac, FICO scores will be incorrect. If you find a discrepancy, you should contact us immediately so that we can help you address the inaccuracy. You can check your credit report for free at www.annualcreditreport.com.
How We Can Help You Repair the Damage to Your Credit
We have three conveniently located offices in South Florida. Contact us promptly so that we can evaluate your case, find the error(s) that has damaged your credit score and repair it in a timely fashion. We will determine the source whether the mistake adversely impacting you originated with:
- Creditor, credit bureau, collection or consumer reporting agency mix-up
- Confusion between two people with the same or similar names or similar social security numbers
- Identity theft
We know how important your credit score is, especially during significant moments in your life, such as when you are seeking employment or looking to purchase a home. Our talented attorneys are committed to bringing you justice, holding the responsible party accountable for your difficulties, and winning the compensation you deserve.
Although mistakes in calculating credit scores are not rare, the world around us has a tendency to consider them indisputable. Lenders and potential employers are not likely to give you the benefit of the doubt; they are much more likely to see your damaged credit report as a reflection on your financial status and even your character. This is why it is essential that you contact the Law Office of William J. Roe. As determined credit report claims attorneys, we will take your side and fight hard to restore balance to your life.
Ways in Which a Poor Credit Score Can Cause You Trouble
While you may not be aware of the far-reaching consequences a bad credit score can have on your life, our skilled attorneys understand all the ins and outs of credit scores, how they are calculated and at which points they can go astray. We know precisely how the three largest credit bureaus — Equifax, Experian, and Transunion — compile information by researching your past credit use and payment history, and totalling the amount you owe to creditors.
Having a poor credit rating will cost you money. Unless you habitually check your credit rating, you may be totally unaware that there is any trouble until you are standing in the car dealership, find yourself turned down for a job you are qualified for, or are only offered a high-interest mortgage. Our attorneys are aware of the various types of misinformation that may spread like gossip, slipping under your radar and causing you serious problems, such as:
- Denial of, or higher rates on, bank loans, mortgages and auto loans
Lenders and potential employers consider your credit report a commentary on your financial reliability, so they consider a low scoring candidate a higher risk individual. For this reason, they are likely to charge you a higher rate of interest. A poor credit score may also make it more difficult for you to refinance when interest rates are low and/or to extend your line of credit with your bank or credit card company.
- Higher insurance premiums
For the same reason, insurance companies may charge you higher premiums based on your “credit-based insurance score.”
- Loss of job opportunities, promotions, or advancement
These days, employers are screening candidates more carefully than ever. Not only are they likely to check you out on social media; they are also likely to be interested in your credit score. Employers who are looking for disciplined, trustworthy employees expect to find evidence of those qualities in your credit score. For them, it is another reference point. This is especially true if the position you’re applying for is in banking, government or another field in which you might have fiduciary duties.
- Limited housing opportunities
A poor credit rating may not only interfere with your opportunity to get a cost-effective mortgage; it may also make renting an apartment, house, or condo more problematic. This is because landlords are also likely to do a credit check and feel that if you have a poor credit rating you are more likely to fall behind on your rent.
- Limited opportunities for romantic relationships
Postulating that a poor credit score can affect your love life may seem like a stretch. Nonetheless, several legitimate studies have revealed that individuals looking for serious relationships consider financial stability an important quality in a potential mate. One survey, published in U.S. News & World Report, revealed that 9 out of 10 people site financial responsibility as a significant quality in a romantic partner. Because the internet now makes it possible to check out credit scores, your credit rating may have a real impact on those considering you as a prospective partner.
Contact Our Florida Credit Report Claims Attorney
The sooner you contact the Law Office of William J. Roe, the sooner we can put things right so that you can resume your life without a poor credit score undermining your progress. We understand how disturbing it is to have your financial reputation sullied and to try to fight against records that, however official they may appear to be, are incorrect. We will use our legal clout and in-depth knowledge to level the playing field between you and whatever financial institutions seem to be controlling your life. We have a track record of successful outcomes and always have your best interests at heart.