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Talk to Attorney Kevin Mack About Credit Repair
Credit Repair Consultations for Tiffin, OH, Residents
If you have filed bankruptcy in the Tiffin, OH, area, one of the most important steps moving forward involves beginning to repair your credit. One of the easiest ways to take the first step in credit repair is to talk to Attorney Kevin Mack, the area’s best bankruptcy and credit repair attorney. Attorney Mack can take you through every step of the process and make sure you rebuild the credit you need to finance an automobile, take out a loan on a house, or any of the other investments you need to make. Do not attempt something so important without excellent legal representation.
How to Rebuild Your Credit with Attorney Kevin Mack
- Apply for an unsecured credit card, if not possible, then obtain a secured credit card.
- Please make sure it is under your name in order to have positive impact on credit.
- After obtaining a credit card, try looking for a secured line of credit. Some stores will offer home goods and electronics; make sure you pay on time so it will be reported current to credit bureau.
- In about a year you will have rebuilt sufficient credit to merit consideration for high-interest car loan. Despite the high interest rates, a car loan will help your credit score considerably.
- In about 2 years you will qualify for an FHA home loan, again with higher interest rates, generally 1 or 2 percent than standard loan interest rates, however if you keep payments current, you should qualify to refinance within 2 years.
- Start paying your bills early rather than on time, if possible.
- If applying for credit, do not utilize co-signers as they appear on your credit report, which to a new lender your client could be considered a greater risk and may ask for a co-signer as well.
- Avoid Finance companies – they lower FICO credit score and cost more.
- If a lender denies new financing, it does not mean anything; credit is still granted with other companies.
- Get copies of credit report from all credit bureaus, and make sure bills that have been paid off, are no longer reflected.
- When paying off bills make sure to ask for confirmation.
- Contact any creditors that still report open accounts and give them bankruptcy information, so it shows up as closed with bankruptcy rather than open and delinquent.
- Open a savings account and deposit money on your pay schedule from work.