The Benefits of Hiring a Credit Report Dispute Attorney, Explained

According to a study by the Federal Trade Commission, one in five people has an error on at least one of their credit reports. Unfortunately, many people don’t even realize it—so they don’t do anything about it.

Those errors may be costing you serious money.

Credit report disputes can quickly turn into a headache. This is where a credit report dispute attorney can help. Here’s a look at what a credit report dispute attorney is, what they do, and why it’s beneficial to hire one. After all, this is your credit—and your future—and both are worth protecting.

What is a Credit Report Dispute Attorney?

When we talk about credit disputes, we’re often talking about credit line disputes. A credit line is an amount of money loaned to a borrower by a lender. The borrower can use this money, but the lender expects repayment. This is most often associated with a credit card or mortgage loan.

A credit dispute arises when there is any disagreement between the lender and borrower. This can occur for a number of reasons. For example, if the borrower is unable to keep up with their payments, that would create a credit dispute. Or, if a lender decides to lower your credit limit due to a review of your financial situation based on inaccurate information, that would create a credit dispute.

A credit report dispute attorney is someone who knows how to help you navigate the legal ins and outs of such disputes and protect your legal rights.

What Does This Type of Attorney Do?

A skilled credit report dispute attorney has the legal background and experience to understand and navigate a variety of credit dispute challenges. They understand the details of the Fair Credit Reporting Act, including your rights under the law. But most importantly, they know what your dispute options are, how to make the right decision for your unique case, and how to help you navigate your dispute as efficiently as possible for the best outcome.

For example, let’s say you find yourself the victim of identity theft after a divorce and your ex uses your private financial information to apply for loans, open new accounts, finance vehicles, and make purchases. You don’t want to suffer the financial consequences for the rest of your life, and you certainly don’t want the dispute to drag on for years while your finances suffer. A credit report dispute attorney can help you navigate the whole process and bring your case to a fair resolution.

Benefits of Hiring a Credit Report Dispute Attorney

Do you know how to prepare and send a dispute letter? Do you know where to send a dispute letter? Do you know how to identify inaccurate information on your credit report in the first place?

If you’re like most people, the answer to all three questions is no.

A savvy credit report dispute attorney thoroughly understands the federal laws designed to protect consumers. A quality attorney in this field will have years of experience with cases just like yours. They know what paperwork you need and how to present your case to the right people as effectively as possible.

Working together, you can do more than just take back your finances—you can take your life back, months or years earlier than if you tried to navigate the dispute on your own.

Do I Need a Credit Report Dispute Attorney?

If you’re dealing with a credit dispute, you may be wondering if your dispute is significant enough to justify hiring an attorney.

In some cases, you can benefit from working with a credit report dispute attorney regardless of the amount at stake.

Credit report disputes are complex beasts, and they require careful navigation of a legal maze. Even knowing where and how to file a dispute letter is something most consumers don’t know. You may not even know how to write a dispute letter, what information to include, or where to send it.

A credit report dispute attorney can help you navigate the entire process, from the simplest issues to the legal matters that can make or break your case. And most of all, you’ll have the peace of mind that comes from knowing you have an experienced professional working for you to ensure the best possible result.

How to Choose the Best Advocate

Not all credit report dispute attorneys are created equal. You have to know what you’re looking for. In many cases, your choice of attorneys comes down to two things: the lawyer’s experience level and your comfort level.

You want an attorney who has years of experience dealing with the federal regulations and laws surrounding credit report disputes. 

Also, your attorney is going to spend a lot of time in your personal financial business, and if you’re not comfortable talking to them, you won’t be able to work through essential information and they won’t be able to help effectively. Always look for an attorney who makes you feel at ease, who takes the time to explain things in terms you understand, and helps you reach an informed decision that you can feel confident about.

The Credit Report Dispute Firm You Can Trust

The team at The Financial Justice Initiative combines the resources, experience, and knowledge of the Terrell Marshall Law Group and the Schlanger Law Group, two of the country’s leading credit reporting law firms. We know our way around credit report disputes, we have the resources to fight for your best possible outcome, but most of all, our team knows how to help you navigate your case with confidence.

To speak with an attorney about your options, contact us today to schedule a free consultation to learn how our team can assist in your case.