Credit Repair Attorneys: What Can They Do For You?

If you’re working with a credit repair specialist, you may be aware that they often have relationships with attorneys who can help them repair your credit in ways you might not be able to do on your own. You may not think they’re necessary, but we can assure you that there are times when they are.

What Credit Repair Attorneys Can Do

Credit repair attorneys can assist with a number of different challenges, including preventing your wages from being garnished if you haven’t paid off a debt. This is particularly comforting if you’re concerned about if a creditor can garnish your wages after seven years and if it is even worth paying those debts off. 

If you don’t already know, creditors can absolutely garnish your wages even if seven years have passed. Therefore, if you find yourself in this position, it’s wise to work with an attorney who specializes in this field to see how you can keep it from happening.

These attorneys may also be able to help repair your credit by sending cease and desist letters to debt collectors. They can negotiate with agencies to get negative items (such as charge-offs and late payments) removed from your credit report. You can dispute these items on your own directly with the three bureaus, but you’ll likely have better luck going through an attorney. 

You can also use a credit attorney for both personal and business financial issues. If you’re starting your business, you might ask your attorney how long it takes to build business credit. Generally, it is between one and three years, but if your credit already has damaging information on it, let your attorney know.

What Credit Repair Attorneys Don’t Do

There are some issues a credit repair attorney just won’t touch because they are illegal or unethical. For example, they won’t change your identity or advise you to do so in order to hide from debt collectors or to hide your information from the credit bureaus. 

Credit repair attorneys also won’t lie for you, but they can dispute a negative entry on your credit report if it is inaccurate or unverifiable. They may be able to negotiate the removal of unverified items, but they cannot give the agencies false information in order to do so.

How Much Does a Credit Repair Attorney Cost?

You can expect to pay anywhere from $500 to $5,000 for a credit repair attorney. If you don’t have that kind of budget, there may be another solution. Working with an experienced credit repair specialist, like those from The Phenix Group, is likely to save you money while achieving the same or similar results.

Wrapping Up

Credit repair attorneys have great success in helping consumers and businesses get back on track financially. No matter how deep in debt you are, The Phenix Group may be able to help. 

We offer individualized action plans to help you better manage your money and raise your credit score. We’ll also fight derogatory credit entries for you whenever possible. Call us today for a free consultation!