Le Lézard
Classified in: Business

Attorney Ryan Patton Educates Consumers on Credit Repair


KANSAS CITY, Mo., Sept. 19, 2018 /PRNewswire-PRWeb/ -- Credit is meant to be a measurement of one's financial responsibility. When people go to get a loan, apply for a job, apply to rent an apartment or apply for a mortgage, credit companies are pulling their reports.

"Considering the Equifax breach, some of this information on your credit report may not be trustworthy," said consumer protection attorney Ryan Patton, of Patton Knipp Dean, which focuses on bankruptcy and consumer law.

According to an Equifax statement for the record, names, Social Security numbers and dates of birth of 143 million U.S. consumers had been exposed, along with driver's license numbers "in some instances," in addition to the credit card numbers of 209,000 individuals. The company's management had also reported "certain dispute documents" submitted by about 182,000 consumers contesting credit reports had been exposed as well, in addition to some information about British and Canadian consumers.

Credit errors can lead to numerous difficulties. "You may struggle to get financing for purchasing a home or car," noted Patton. "You might get turned down for rental housing. You may face higher interest rates and insurance premiums, and you might even have trouble getting a job."

By pursuing credit repair, one can get rid of outdated information. "Negative records should not remain on your credit score forever," added Patton. "By law, they must be eliminated after a certain time frame, yet the credit reporting agencies may not take the initiative to get rid of outdated information. You may have to take the lead in identifying and disputing old data."

One can also eliminate debts that have been discharged in bankruptcy. A person's income-to-debt ratio weighs heavily in their overall credit score. If an individual's credit report reflects debts that no longer exist, their credit score may unnecessarily suffer.

"You can also Identify and clean up inaccurate information," concluded Patton. "Credit reports are not always 100 percent inaccurate. Mistakes and mix-ups can detrimentally impact your credit profile. It is more important than ever to check the reports. If you have the wrong information on your credit report it can cause you to be denied. These days your credit score plays a major role in life decisions. We recommend all of our clients sign up for Credit Karma because it's completely free."

About Patton Knipp Dean
Patton Knipp Dean focuses on bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. Its Complete Bankruptcy Solution addresses all aspects of building a better financial future, from pre-bankruptcy guidance through post-bankruptcy credit repair services. For more information, call (913) 653-0862, or visit http://www.pattonknipp.com.

About the NALAtm
The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA's mission is to promote a business' relevant and newsworthy events and achievements, both online and through traditional media. The information and content in this article are not in conjunction with the views of the NALA. For media inquiries, please call 805.650.6121, ext. 361.

 

SOURCE NALA PUBLIC RELATIONS LLC


These press releases may also interest you

at 21:00
The "Global Gift Card and Incentive Card Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering. The global gift card industry is expected to reach US$555.8 billion in 2024 and will continue...

at 20:00
The "Virtual Cards Market: 2023-2028" report has been added to ResearchAndMarkets.com's offering. Over the forecast period the total volume of virtual card transactions will reach 175 billion by 2028, rising from 36 billion in 2023. Growing by a...

at 20:00
OKX, a leading Web3 technology company, has issued updates for March 30, 2024. OKX Wallet Integrates with Corridor Finance, a...

at 19:00
Policybazaar, India's leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and...

at 19:00
As part of a strategic upgrade to their global footprint, NetActuate engineers have just completed a major expansion in their Johannesburg data center. The expansion has increased Africa-based service...

at 17:45
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of iRobot Corporation between August 5, 2022 and January 26, 2024, both dates inclusive (the "Class Period"), of the important May 7, 2024 lead plaintiff...



News published on and distributed by: