Florida Consumer Debt Help
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CREDIT REPORT ISSUES
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Debt Collector Harassment Suits
CREDIT REPORT HELP
DEBT RELIEF AGENCY
The Law Office of Heather A. Harwell, P.A. is a Federally designated debt relief agency which defends consumers and files suits on behalf of consumers pursuant to various Florida and Federal laws, including bankruptcy under Title 11.
THE IMPORTANCE OF GOOD CREDIT. Credit allows us to make purchases we would not otherwise be able to afford and pay for them on an installment basis. The better our credit rating, the better interest rate we are likely to receive and the greater extension of credit we may be allowed. However, if our credit is bad enough, we may not be granted credit in the first place. That is why it is always a good idea to check your credit before you apply for a credit based purchase so that you may address issues before credit is denied. If you are ultimately denied credit because of credit issues, you will have only made the problem worse by allowing the "hard inquiries" that lenders make when considering to loan you money.
There are other instances where our credit is reviewed by a third party which can affect our ability to obtain things necessary to our survival.
1. Many EMPLOYERS check a prospective employee's credit to minimize risk when an employee might be given financial responsibility. Employers may also use credit reports to determine the reliability and stability of a potential employee. Although employers, as well as insurance carriers, professional licensing boards and prospective lenders are required to obtain your signed consent and disclose exactly what they intend to do with your credit report information, many employers require this disclosure as a condition to potential employment. You may be perfect for a job otherwise, but your bad credit very well could cost you a potential new job.
2. INSURANCE CARRIERS use your credit information to determine the risk of your potential for filing claims. Insurance carriers rely upon information that suggests that people with bad credit are more likely to have claims. Although, in Florida, the carrier may not rely solely upon your credit score in assessing rates, that means that the worse your credit is, the higher your insurance rates may be.
3. PROFESSIONAL LICENSING BOARDS use your credit information to determine if you are qualified for certain professions, especially professions where you are likely to be in a position where people will trust you with their finances and financial information. The licensing boards are interested not only in your financial status itself but what your status, good or bad, suggests about your possible lifestyle that led to your financial status; For example, bad credit could indicate a potential substance abuse problem or mental health issues. Consequently if your credit report reflects bad credit management, chances are that you will either have to explain why information should not disqualify you for the license or you may be denied the license.
4. LANDLORDS often require credit checks when you apply to rent your home. If your credit is too bad, it could prevent you from being able to rent.
5. SECTION 8 | HUD HOUSING BENEFITS can be denied if the owner of the property you intend to rent rejects you for having a poor credit history.