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Question
how strategic is credit repair?
how expensive and how long does one ahve to pay for?
is it worht it
one guy sed he lost his house due to foreclosure and debts and paid 60 $s for 6 monthes and although he owed a lot of debt prior to this , his credit was permanently cleared with all 3 agencies
is this ture?
or coudl there have been extenuatin cirucmstances?
what could they ahve been or be in any case?
i was around some unsavory carachters and i think they used my id to order stuff and this ruined my credit
what are the criteria for addressing this
time limit etc?
how does the credit repair distinguish between the ture id theft victim and the maenuverer woh is merely tryin to get outta paying up?
what factors and procedures go into rerpaiing credit and cliaming id theft?
do they ever just lose the records or dont get them form whoever they buy the accounts form and then the debtor is home free wen the debt is challenged and the creditor s cnat produce the debt?
how prevalent is this sceanrio
waht r the 5's of this ahppening
The credit repair fixes you are describing sound very bogus to me. The world doesn't work that way. Would you loan money to someone who has a known history of failing to pay it back? Of course you wouldn't. If you want others to consider you a good credit risk, you have to make yourself credit worthy. Stoporrowing more than you can comfortably repay. If you are already drowning in debt, consult a bankruptcy attorney for advice. Bankruptcy won't give you instant good credit, but it might get you out of debt. After that, you have to earn good credit the hard way. There is no instant fix for credit that you have already ruined. You can also do a web search for info on ID theft. I am not an expert on that, but if you have failed to promptly make a complaint, you may have waited too long.
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Answers by Expert:
Los Angeles Bankruptcy Lawyer Leon D. Bayer
Expertise
Leon Bayer has successfully represented clients in bankruptcy for over 30 years. He is frequently called upon by the media, the California Bar and other associations to provide insight and help educate attorneys on bankruptcy issues. If you or other readers want to keep up with my blog postings about life in and out of bankruptcy, you can follow my blog at http://www.bankruptcyblogger.org/ and my personal web site at http://www.debt-relief-bankruptcy.com and A Human Guide to Bankruptcy at http://www.thebankruptcyguide.net/ Leon also writes about bankruptcy law for Nolo, see http://www.nolo.com/law-authors/leon-bayer.html and his "Ask Leon" bankruptcy law blog column at http://blog.nolo.com/bankruptcy/
Experience
Leon is a Certified Specialist in Bankruptcy Law by the State Bar of California, and has been a practicing bankruptcy lawyer in Los Angeles, California for 33 years.
Organizations
National Association of Consumer Bankruptcy Lawyers, California Bar Association, Los Angeles County Bar Association.
Publications
Author, ?The Essentials Of Chapter 13,? Daily Journal Report, December 18, 1987.
Contributing Editor, Basic Bankruptcy, California Practice Handbook, Matthew Bender 1992, 1993.
CEB Consultant, CEB-Personal and Small Business Bankruptcy Practice in California, 2003.
Education/Credentials
B.A., J.D.
Awards and Honors
President, 1995-1996-Los Angeles Bankruptcy Forum; Member - Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy, 1988. Law Advisory
Commission-Personal & Small Business Bankruptcy Law of the State Bar of California, 1996-2000
MR. BAYER SAYS: The big banks and credit card companys have been working overtime for many years to undermine the Consitutional right of the American people to be able to claim bankruptcy protection. In 2005 the banking lobby successfully convinced Congress and the President to make the laws and proceedures more complicated, hopeing that it will stymie legitimate people from filing bankruptcy. They succeeded in gaining these complex new legal proceedures by greasing the legislative system with hundreds of millions of dollars in "campaign contributions." The good news for the American people is that while the new laws have made the proceedures needlessly complex to the point where inexperienced people can't help but trip over the maze of new rules and regulations, the process is still doable, especially with a lawyer who is well trained and experienced in this specialty.
Past/Present Clients
I have probably handled something on the order of about 15,000 bankruptcy cases thropughout my career.
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