On a given day, we talk to a great deal of different Boston residents about their individual Bankruptcy concerns. During these chats, individuals regularly ask if whether or not it’s a good idea to file bankruptcy on their own. You may be thinking to yourself, well certainly a bankruptcy law firm is going to tell me I need a lawyer to file for bankruptcy. Like many other areas of law, deciding to deal with your bankruptcy legal matter on your own, is simply not a great choice. Bankruptcy is very complicated. One small oversight can end up costing you much more than the fee you pay to your Boston bankruptcy legal professional. Worse, making repetitive errors on your filings may subject you to significant penalties and delays.

Hiring A Boston Bankruptcy Legal professional May Actually Be Cheaper Than Handling Your Situation On Your Own

If you don’t don’t believe us, call us. You don’t have to search very hard to discover a bad bankruptcy story. We’re happy to lay out all your alternatives and explain to you which direction we believe is the best for you specific situation. We understand that each of our clients’ needs is different. One size fits all, do it yourself-style bankruptcy may end up costing you more than hiring an experienced bankruptcy legal professional.

There Are Certain Things That A Bankruptcy Legal professional Can Help You With That You Simply Can’t Handle On Your Own

When you are searching for a lawyer for your bankruptcy legal matter, make sure you are talking to legal professionals that have experience handling bankruptcies in your state. There are elements to filing for bankruptcy that a local bankruptcy lawyer may be familiar with that one from another state may not. If you’re facing serious debt issues, usually the best thing to do is to talk with a bankruptcy lawyer near you about all the different options that are available to you.

If you think you might need to talk to a Boston chapter 7lawyer, give us a call. We help clients with Boston chapter 7legal issues.

Myth 1: I need help…I can’t do it myself

As with many things, we need help once in a while, but credit repair is certainly something that you can do quite easily on your own with a little elbow grease and time. When I first looked at my credit report back in January 2007, I saw some late pays, a judgment, and some other “not so good” marks on my credit report. I screamed, “I’ve got to get a credit agency to help me with this! There’s no way I can do this myself!” Yeah, so I thought. How did I do it myself? I got educated that’s it. And now, you are going to get the best education on how to repair, rebuild, and maintain your credit score. After some time of taking a more in-depth looking into my credit report, I noticed some huge mistakes by either the creditor or credit bureau. These were not my mistakes, but the mistakes of “The Man.” I found mistakes on multiple accounts, ranging from multiple late pays, wrong accounts, to closed accounts, when in fact they were open. Turns out, it’s estimated that anywhere from 75% to as many as 90% of credit reports contain errors.

This is the Myth # 2: You can not fix your bad credit.

Absolutely wrong. Having a bad credit does not mean that you can not fix it, it may take some time to fix it, but you can repair it, get positive lines of credit and have a new start, get your self in the right track to good credit. I remember how with a 520 credit score I was turned down for a credit card at Banana Republic in front of everybody in a very important Holiday, yeah pretty embarrassing but remember if I could do it you can do it too, It is just a matter to get educated and my videos will show you how to get the education you need to repair your credit.

The myth # 3: One credit Score is all you have.

The reality is that you have 3 credit scores, there are from the major credit reporting agencies, all 3 show different scores, so when applying for a credit one company may use a different report than others, it is always good to check your credit score in the 3 bureaus, because they can vary a lot among them.

Myth # 4: Your score will decrease if you check it.

There are two types of inquiries that will appear on your credit report: hard and soft inquiries. Hard inquiries are from companies you wish to get credit from. These will affect your credit score. Soft inquiries are usually when you check your credit report online or from companies obtaining your information for promotional purposes. Soft inquiries don’t affect your score.

Myth 5: Shopping Around For a Loan Will Lower Your Score

This is one of the most common myths, remember that if you are looking for a credit from several vendors (mortgage, car loans, home loans, etc…), all this inquiries will appear in your credit report just once but remember that this just apply if the same kind of inquiry is made within 14 days, the only exception to this rule are credit cards.

Myth 6: The Only Way To Improve My Score Is To Remove All Negative Items

This is a partial true, because “erasing” your bad marks is just one piece of the credit repair puzzle, remember that while removing “negative items” will help you in your credit score, just building “positive credit” will take your score further. Remember when you were denied from a credit card company because you did not have credit? the true is that you did not have positive credit build up with credit card companies.

“How to reduce your credit card interest rate with one simple phone call” this is a free advice

It’s actually quite simple. How to do it you ask? Break out your telephone, call them, and ask to reduce your interest rate. Mention that you have sitting in front of you, a credit card with a lower interest rate. Possibly a zero percent interest rate for 6 months, which then turns into a 8% rate. If your current rate is 22%. A simple call will lower it. Mention that you are looking to balance transfer unless they lower your interest rate. Be nice to the operator. If they cannot drop the interest rate, speak to the supervisor. In most cases, after speaking with the supervisor they will drop your rate. To threaten to leave is the key.

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