With credit scores, a high number is desirable. If your credit score is less than 720, you can expect to pay more in interest over the life of the loan. Or, you may not be approved for a loan at all. It is advisable to check your credit reports and your scores before applying for a loan. If your credit reports contain errors, you may need to contact a credit lawyer who can serve as your consumer advocate. A credit lawyer in Fairfax can help you successfully dispute the erroneous information to restore your credit history.
Consult your credit lawyer for information about credit report disputes or watch this brief video for further guidance on credit score ranges. These credit experts discuss some of the factors that can affect the minimum credit score needed for a loan.
If you have suffered harm as a result of credit report errors, you may be entitled to seek compensatory damages. Consider talking to a credit lawyer about your situation. For individuals who live in Fairfax and beyond, consulting a consumer advocate is a necessary first step toward recovering damages for financial problems caused by errors. The credit lawyer will need to know if the credit report errors have caused you to be turned down for a loan or mortgage, forced you to pay higher interest rates, or perhaps cost you a job or your security clearance.
For many consumers, the financial impact is only the beginning. Many people suffer severe psychological harm as a result of the credit report dispute. Mental stress can manifest in physical symptoms, including debilitating headaches, hair loss, insomnia, and nausea. Credit report errors may even trigger the deterioration of family relationships. Keep track of all the ways your credit report errors have affected you and discuss these problems with your credit lawyer.