Parma Consumer Credit Services

Find the right Consumer Credit attorney in Parma, OH

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 Parma, Ohio probably deal with consumer credit every day in the form of credit cards.

Why can't I Get Credit in Parma, Ohio?

If you are unable to get credit in Parma, Ohio, it might be because you have a poor credit score. In Parma, Ohio, credit scores are created by private corporations called "credit bureaus." These companies gather 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 people 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 hurting your credit, and to report any false information contained in your report. There are numerous 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 hard by requiring that you cancel your membership by phone, rather than letting you do it online.

How Can I Improve My Credit Score in Parma, Ohio?

To improve your credit rating, you can do a few relatively simple things. First, you should check your credit report for errors, 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 inexpensive purchases per week in Parma, then paying the entire balance at the end of the month.

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

How Can a Parma, Ohio Lawyer Help?

An experienced Parma, Ohio attorney specializing in consumer financial issues can help if you believe that your credit score reflects false information, or if you think a third party has maliciously damaged it.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Parma

Parma, Ohio is a city in Cuyahoga County. It is a suburb of Cleveland. It currently has a population of about 84,000 people.

Parma is located southwest of Cleveland, and directly borders the city. Parma, Ohio was founded in 1826, by settlers from New York. Parma, Ohio was named after a city in New York of the same name, and likely came from the popular fascination with classical Italian culture that existed at the time. Through the rest of the 19th century, Parma remained rural, with its economy largely based on agriculture. Parma saw an explosion in population and economic growth after World War Two, when a major exodus from cities into newly-created residential suburbs was well underway. This was fueled mostly by increased consumer purchasing power created by the economic boom, as well as apprehension about living in major cities during the Cold War.

Modernly, Parma maintains its suburban character, and is largely a bedroom community for Cleveland.

If you live in Parma, Ohio and need an attorney, there's a good chance you'll be able to find one. Parma, Ohio attorneys are very competent and well-rounded. A Parma, Ohio lawyer can probably handle just about any legal issue you might have.

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