Miami that affect credit repair
In the state of Florida, many residents struggle with mounting debt and an unsatisfactory credit score. A low credit score can impede a person’s ability to obtain mortgages, automobile loans, and even jobs. Moreover, it can cause high interest rates on debt, which ultimately drains an individual’s income. Luckily, there are ways to improve a person’s credit report and score. Nonetheless, consumers should be cautious of fraudulent companies that offer credit repair services.
There are a few different federal and state laws that protect consumers from unfair credit repair practices. The Federal Trade Commission (FTC) and the Office of the Attorney General enforce these laws to ensure that individuals have a fair opportunity to receive credit. However, these laws do not guarantee that a person will receive credit, nor do they prevent individuals from being denied credit.
The FTC’s laws are designed to prevent businesses from deceptively marketing their Credit Repair Miami services. A violation of the laws can result in fines and other penalties. In addition, the law allows individuals to file lawsuits against companies that violate the act. A credit repair company must provide accurate information and clearly explain its services to consumers. It must also provide clear disclosures that inform consumers of the legal rights and remedies available to them. It must also disclose any fees charged for its services. Lastly, it must comply with the Fair Credit Reporting Act (FCRA) and the state’s consumer protection laws.
Are there specific laws or regulations in Miami that affect credit repair?
Some of these laws include the Florida Deceptive and Unfair Business Practices Act (UFBPA), the Florida Consumer Collection Practices Act (FCCPA) and the state’s Consumer Sales Finance Act (CFSA). Additionally, credit repair companies must follow the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA).
Real Clique Credit Repair helps individuals and small business owners manage their debt. The company assists with removing negative items from TransUnion, Equifax and Experian credit reports and works with clients to create budgets and help them make responsible spending decisions. Real Clique Credit Repair also assists with negotiating with creditors and credit bureaus to dispute errors on reports such as late payments, foreclosures, tax liens, collections and bankruptcies.
Having a clean credit record can be crucial in Miami, but it may seem impossible to achieve for some people. Many of the issues that can tarnish a person’s credit, such as late payments and tax liens, remain on their records for up to seven years. A skilled Miami credit repair lawyer can negotiate with creditors and the three major credit bureaus to get inaccurate or outdated items removed from a person’s report. Furthermore, a Miami credit repair lawyer can help a person determine whether filing for bankruptcy is the right option to eliminate unmanageable debt and build a strong financial future. Contact Nowack & Olson, PLLC today to speak with a qualified attorney.