credit repair
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The Top 4 Credit Killers and How to Avoid Them
You don’t have to have a perfect credit score. Few do. Yet having good credit is important for getting good interest rates on credit cards, mortgages, and vehicle loans. Employers look at credit scores, too, when making hiring decisions. Even if you have a suboptimal credit history, you can boost your credit score by avoiding…
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Debt in Collection on Your Credit Report
The debt collection industry makes several billion dollars annually. From Q4 2009 through Q2 2015, no fewer than 33 percent had a debt collection item on their credit reports. Today, 28 percent of Americans have negative collection debts weighing down their credit scores. If you have a debt in collection on your credit report, you’re…
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Debt Doesn’t Just Disappear
Debt collector phone calls and collection letters in the mail are never welcome yet must be dealt with all the same. For some, ignoring their debt is a direct result of not having the money to pay the debt. But know this: ignoring debt collectors will never remedy the situation. In fact, it could make it…
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Will Unpaid Student Loans Affect My Credit Score?
As of 2024, total student loan debt in the U.S. has reached $1.75 trillion in total student loan debt, including federal and private loans. The average student borrower graduates with about $29,000 in student loans on average. The number of college students taking out loans has tripled in just the last decade. Yet most students…
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How to Recover from Foreclosure
Facing foreclosure on your home can be one of life’s biggest challenges. You have options if you want to save your home, but sometimes allowing the foreclosure to take place is your best option. If you have to let go of your home, here’s how to recover from foreclosure. Settle in and settle down Lots…
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What Happens to My Debts When I Die?
When planning a future for your loved ones, you do not want your legacy to include a mountain of debt. Many people are unaware that their debts can continue to haunt those they leave behind. Whoever you select to manage your estate will serve as the “executor,” and that person is responsible for probate, the…
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Top 7 Reasons People Declare Bankruptcy
People don’t declare bankruptcy for the fun of it. Bankruptcy results from a financial hardship from which a person cannot recover within a reasonable amount of time. Lots of circumstances can lead to personal bankruptcy. Here are the top 7 reasons people declare bankruptcy. Job loss Unemployment benefits simply do not cover living expenses. Losing…
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Will I Be Able to Rent After Foreclosure?
You will be able to rent after foreclosure, even if it may be a bit more difficult. You’re already going through the stressful process of foreclosure. But finding a new place to live and moving can be just as stressful. A foreclosure will remain on your credit report for seven years. But the effects of the…
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Debt Lawsuits in the Washington DC Region
Debt collection lawsuits are much more common in black neighborhoods than in white ones. And by far Washington, DC has the highest percentage of African-Americans in the United States. Debt lawsuits in the Washington, DC region are quite common. Credit card lawsuits If you stop paying American Express, they will sue you. If a credit card company believes…
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Lee Legal Will Take Your Collection Calls
Creditors can be really annoying. Collection calls and correspondence can disrupt your life and cause unfortunate and unnecessary embarrassment. If you know that you’re about to file bankruptcy, you can relieve the pressure before you file. Lee Legal will take your collection calls up to two weeks before your bankruptcy filing. Bankruptcy stops collection efforts At the start…
