Credit, broadly defined, is the provision of money on the assumption that compensation for it will come later, or over time. Consumer credit is simply credit extended to individuals in order to purchase consumer goods or services. Most people in Cuyahoga County, Ohio probably deal with consumer credit every day in the form of credit cards.

Why can't I Get Credit in Cuyahoga County, Ohio?

If you can't get credit in Cuyahoga County, Ohio, the most likely reason is that you have a poor credit score. In Cuyahoga County, Ohio, private companies called "credit bureaus" compile a person's credit score using all available information about their finances, including their debt-to-credit ratio, records of evictions, and late payments. All of this information is fed into complex mathematical algorithms that calculate a numerical score. Exactly how these scores are calculated is known to very few people, since the formulas used are tightly-guarded trade secrets.

In the U.S., you have a legal right to view your credit report for free, once per year. This is a good opportunity to perform a financial check-up, and see if there are any errors on your report which need to be corrected. While some third-party companies will give you a free credit report through their website, you should be aware that many of them (without making this clear up-front) will begin charging a monthly fee afterwards, in exchange for continued access. If you just wanted the one free report, you can opt out of this, but you usually have to do so over the phone, and can't do it online.

How Can I Improve My Credit Score in Cuyahoga County, Ohio?

To improve your credit, there are many things you can do. First of all, you should report any errors you see on your credit report to the credit bureau. These companies sometimes make mistakes, and some of them can seriously damage your credit score. 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 inexpensive purchases per week in Cuyahoga County, then paying the entire balance at the end of the month.

Because credit reports are meant to be used by potential lenders to assess somebody's risk as a borrower, showing that you always (or close to it) pay your debts in a timely manner is the best way to improve your credit score, and to keep it high.

How Can a Cuyahoga County, Ohio Lawyer Help?

A good lawyer who practices consumer bankruptcy or other financial practice areas in Cuyahoga County, Ohio can be very helpful in resolving consumer debt issues. These issues can be very complex, and an attorney can make it much easier to navigate them.