Norwich Consumer Credit Services

Find the right Consumer Credit attorney in Norwich, CT

Consumer credit is any form of credit extended to an ordinary consumer. Credit, broadly defined, is the provision of a resource (typically money) from one party to another, where the first party does not expect to be immediately compensated. Instead, the parties arrange for payment to come at a later date, or over time, in installments. Many people in Norwich, Connecticut deal with 1 form of consumer credit almost every day: credit cards. These tiny pieces of plastic are one of the largest sources of consumer debt in the United States.

Why can't I Get Credit in Norwich, Connecticut?

If you can't get credit in Norwich, Connecticut, the most likely explanation is that you have a bad credit score. Credit scores in Norwich, Connecticut are compiled by private companies known as "credit bureaus." These companies collect all the available information about a person's finances, and then give them a numerical score, which provides a quick determination of the risk they represent to a lender. The exact formulas that these companies use to generate credit scores are closely-guarded trade secrets.

U.S. law states you are entitled to one credit report per year for free. This will allow you to see your credit score, and any factors that might be hurting it, which can help you improve it in the future. You should be aware, however, that numerous websites offering a "free" credit report will start charging you a monthly fee a month after you register, and then make it very challenging for you to cancel your membership, requiring you to do so over the phone rather than online. They also may only tell you about this fee in the fine print.a

How Can I Improve My Credit Score in Norwich, Connecticut?

To improve your credit score, you can do a few fairly simple things. First, you should check your credit report for mistakes, and report them to the credit bureau so they can be corrected. Also, you should show that you are willing to use credit, but able to do so responsibly. For example, using a credit card for a few modest purchases per week in Norwich, then paying the entire amount at the end of the month.

Credit reports are meant to be a tool for lenders to easily determine a person's risk as a borrower. Therefore, showing that you are able to pay back your debts on time can be extremely effective in creating a good credit score.

How Can a Norwich, Connecticut Lawyer Help?

A good Norwich, Connecticut attorney knowledgeable in consumer finance issues can help you address the more complicated problems that may arise in this area, such as a credit bureau's refusal to remove an mistake from a credit report, identity theft, or a third party trying to maliciously harm your credit score.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Norwich

Norwich, Connecticut is a city in New London County. It was the county seat of that county, before the state of Connecticut did away with county governments. It currently has a population of about 36,000 people.

Norwich is named after Norwich, England, and was founded by English settlers in 1659. By the late 1600s, a public landing had been built at the head of a nearby river, allowing ships to sail several miles inland to offload their goods. This allowed Norwich to serve as an important supply point for the colonists in the Revolutionary War, and proved invaluable to the war effort.

For well over 100 years after the revolution, the city of Norwich served continuously as a very important commercial shipping center, allowing for continuous economic growth.

Modernly, Norwich, Connecticut is a quiet residential community. It is home to Mohegan Park, a large forested area featuring several ponds and streams. This park provides ample recreational activities, such as fishing, hiking, and mountain biking in the summer, and ice skating and sledding in the winter.

If you live in Norwich, Connecticut and are in need of an attorney, it's highly likely that you'll be able to find one. Norwich, Connecticut attorneys are able to handle almost any legal issue they're faced with.

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