Ithaca Consumer Credit Services

Find the right Consumer Credit attorney in Ithaca, NY

Credit, broadly defined, is the provision of money on the assumption that payment for it will come later, or over time. Consumer credit is simply credit extended to individuals in order to buy consumer goods or services. Many people in Ithaca, New York deal with 1 form of consumer credit almost every day: credit cards. These little pieces of plastic are one of the largest sources of consumer debt in the United States.

Why can't I Get Credit in Ithaca, New York?

If you can't get credit in Ithaca, New York, it could be because you have a bad credit score, or simply don't have any credit history. In Ithaca, New York, credit scores are created by private corporations called "credit bureaus." These companies compile all the available financial information on a person (such as the amount of credit currently available to them, and its ratio to their debt) and use it to calculate a simple numerical score. This number gives would-be lenders an easy way to assess a person's risk as a borrower. It is not known to many individuals exactly how your credit score is calculated, because the formulas used by these companies are closely-guarded trade secrets.

Under U.S. law, you are legally entitled to one free credit report per year. This allows you to perform a simple financial check-up, to see what's affecting your credit, and to report any incorrect information contained in your report. There are various websites that provide easy access to this information, but most of them require registration with a credit card. Once you view your free report, they will begin charging you a monthly fee unless you opt out. Some of them make this difficult by requiring that you cancel your membership by phone, rather than letting you do it online.

How Can I Improve My Credit Score in Ithaca, New York?

To make your credit rating better, there are a few simple things you can do. First of all, you should check your report for mistakes and report them to the credit bureau to be corrected. It's also good to show that you can use credit responsibly. For example, someone with no credit history in Ithaca may get a credit card, and use it for a few affordable purchases every month, and then pay down the whole balance at the end of the month. This is a good way to quickly obtain a good credit score.

Because credit reports are primarily meant to make it easier for possible lenders to assess your risk as a borrower, showing that you pay back your debts in a timely manner can go a long way in creating a good credit score.

How Can a Ithaca, New York Lawyer Help?

A good Ithaca, New York 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 Ithaca

Named after the Greek island of Ithaca, Ithaca New York is a charming city to live, work, and explore. Home to 30,000 residents, Ithaca is located in Central New York. The east coast city is located on the Southern end of the Cayuga Lake, which provides Ithaca with a moderate continental climate.

Ithaca is most famous for playing home to the Ivy League School, Cornell. Cornell has an undergraduate population of close to 20,000 students and the city is happy to play host to the undergraduate and graduate school campus. Not surprisingly, Ithaca has a very college town feel and a lot of the shopping, food, bars, and main street are tailored to their young students. Cornell also has a top-ranking law school that yields many top lawyers that choose to stay in Ithaca and practice law there. It is no wonder then, that Ithaca lawyers are highly sought after for their legal prowess.

Ithaca is also known for being one of the more culturally liberal towns in America. Whether it is the education, arts, musics, or museums, Ithaca is always on the cutting edge. Ithca is a wonderful town to visit any season.

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