|By PR Newswire||
|April 20, 2014 05:00 AM EDT||
SAN DIEGO, April 20, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp. The team at LoanLove.com is devoted to helping empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Having a great credit score can often make or break the chances of getting a good mortgage loan for a dream home but unfortunately, having a great credit score is easier said than done. Luckily, there are a ways to recover from poor credit score and Loan Love's new article helps distinguish these options. From acquiring a credit repair attorney to using the services of a consumer credit repair agency, the experts help readers weigh their options and figure out which option is best when trying to repair bad credit.
The new Loan Love article begins by saying: "Life happens. For more and more prospective home owners, life events like divorce, job loss and unexpected medial bills overshadow their hopes of obtaining a future mortgage. While there is no substitute for time when it comes to repairing dings to your credit report, most consumers still look for help in accelerating the process.
That help may come in the form of:
- engaging the services of a credit repair attorney;
- signing up with a credit repair agency; or
- finding some other route to speed up the credit repair process."
The article then expounds on the first two options, citing the benefits – and drawbacks of each. On the topic of using a credit repair attorney, the article suggests that one of the greatest benefits of using a credit repair attorney is that a credit repair attorney gives borrowers the maximum advantage of many credit repair laws, including the Fair Credit Repair Act, a law that can protect loan borrowers. This also includes the attorney providing all the legal practices loan borrowers can use when going through their credit repair process.
The other valid choice when repair credit, credit repair agencies, is discussed in the article detailing their advantages but as the article also says, should be considered with caution. The article explains this with the following:
"There are legitimate credit repair agencies that educate and counsel consumers about good financial behavior and you may find such services to be helpful. Some may even have their own credit repair attorneys on staff. Those that do, may be offering the best of both worlds. However, beware of agencies that claim they will be able to raise your score by cleaning up your credit file. Paying significant fees for steps you can actually take yourself is money wasted and may not get you the results you desire" the Loan Love article informs.
If none of these options suit a loan borrower, the article does offer one last useful piece of advice: Time will heal everything, if you are responsible enough with your financial decisions. "The most important step you can take in repairing you credit is to stay the course of making sound financial decisions. Pay your bills on time, pay off debt as quickly as possible and use credit wisely" points out Loan Love.
These are just a few tips presented to readers in the Loan Love article. To learn more on the credit repair attorney vs. agency debate, please visit LoanLove.com to read the complete article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
Apr. 29, 2016 02:00 PM EDT Reads: 1,517
Apr. 29, 2016 02:00 PM EDT Reads: 802
Apr. 29, 2016 02:00 PM EDT Reads: 953
Apr. 29, 2016 01:45 PM EDT Reads: 1,034
Apr. 29, 2016 01:30 PM EDT Reads: 442
Apr. 29, 2016 01:30 PM EDT Reads: 787
Apr. 29, 2016 01:30 PM EDT Reads: 757
Apr. 29, 2016 01:00 PM EDT Reads: 1,471
Apr. 29, 2016 01:00 PM EDT Reads: 715
Apr. 29, 2016 12:30 PM EDT Reads: 1,621
Apr. 29, 2016 11:45 AM EDT Reads: 2,202
Apr. 29, 2016 11:30 AM EDT Reads: 455
Apr. 29, 2016 11:15 AM EDT Reads: 1,405
Apr. 29, 2016 10:30 AM EDT Reads: 408
Apr. 29, 2016 10:00 AM EDT Reads: 1,101