LegalFaces.com

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Will my credit score be harmed by debt settlement?

In California, your credit may be harmed by a debt settlement. Most programs are designed to instruct the consumer to stop paying their credit card debt, which is usually the type of debt you’re dealing with, with these programs. When that happens, creditors are allowed to continue to charge you interest, uh, late fees may accrue, and in some of the more extreme situations, uh, you may be the victim of a lawsuit. Uh, so, your credit may be adversely affected. But, it is best that when you are looking around for debt settlement programs you try and find one that has adequate legal representation. Because only a lawyer can make sure your rights are looked out for. I’m Vincent Howard, senior and managing partner of Howard and Nassiri. We work hard everyday representing the consumer, from our headquarters in Orange County, California. If you need an attorney you can trust, go ahead and give us a call.

tags: debt settlement credit score debt relief predatory lending loan modification foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP

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How can debt settlement help me?

Debt settlement can help you simply because it eliminates your unsecured debt. With that unsecured debt hanging over your head and you not making in roads to paying it off, it could have adverse effects on your credit rating, credit score. We live in a society that dominated by what your credit score is. You can't get a home, you can't buy a car, you can't get a student loan without it. So one of the things that debt settlement does is that it helps you get back on the road to financial freedom quicker. I'm Vincent Howard, senior and managing partner of Howard/Nassiri. We work hard every day, representing the consumer from our headquarters in Orange County, California. If you need an attorney you can trust, go ahead and give us a call.

tags: debt settlement credit score debt relief predatory lending loan modification benefit foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP

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How does a sub-prime loan work?

A sub-prime loan works like this. If your credit score is less than pristine, you're going to be put in a loan with a higher interest rate, and that higher interest rate is because of the risk that the lender is taking and taking someone who has less than pristine credit and putting them and insuring them or giving them this mortgage rather. But what we've seen a lot of here in California is the homeowner that has a good credit score put in these sub-prime mortgages and loans, and that is because lenders make money when they put people in a sub-prime product. I'm Vincent Howard, Senior and Managing Partner of Howard Nassiri. We work hard everyday representing the consumer from our headquarters in Orange County, California. If you need an attorney you can trust, go ahead and give us a call.

tags: predatory lending sub prime loan mortgage debt relief loan modification foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP

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What are the top 3 predatory lending violations?

The top three predatory lending violations that we usually see are loans that have negative amortization that wasn't properly disclosed to the home owner. One of the other things that we see a lot of is someone who has a really good credit score, who should qualify for a better loan, but are actually put into a sub-prime loan and that's because lenders make more money when they put more people in sub-prime loans. And then the other thing that we see a lot of is people who were presented with a teaser rate and the interest rate bait-and-switch deal where people thought they were getting on interest rate, but they were actually getting another. I'm Vincent Howard, senior and managing partner of Howard/Nassiri. We work hard every day representing the consumer from our headquarters in Orange County, California. If you need an attorney you can trust, go ahead and give us a call.

tags: predatory lending top 3 violations mortgage debt relief loan modification foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP