Norfolk Consumer Credit Services

Find the right Consumer Credit attorney in Norfolk, VA

Consumer credit is any type of loan extended by some lending institution, usually a bank, to individuals for the purchase of consumer goods. Most people living in Norfolk, Virginia deal with at least one form of consumer credit every day: credit cards. In fact, credit cards are one of the largest sources of consumer debt in the United States.

Why can't I Get Credit in Norfolk, Virginia?

If you can't get credit in Norfolk, Virginia, the most likely reason is that you have a poor credit score. In Norfolk, Virginia, credit reports are prepared by private companies that have access to a great deal of financial information about almost anyone who has a Social Security Number. These companies are called "credit bureaus." They take relevant information, such as one's credit-to-debt ratio, and past-due payments, and use complex mathematical equations to generate a numerical score. Relatively few people know what these exact formulas are, since they are well-guarded trade secrets.

Under U.S. law, you have a right to view your own credit report once a year, for free (you can, of course, view it more times than that, but you'll likely have to pay a credit bureau. You should be cautious, however. Many websites claim to offer "free" credit reports, but require a credit card number in order to register. If you do not affirmatively cancel your membership (which can usually only be done over the phone, and not online), they will start charging you a monthly fee.

How Can I Improve My Credit Score in Norfolk, Virginia?

To improve your credit rating, there are many things you can do. First, you should check your credit report for errors and report them to the credit bureau. These companies can make mistakes like anyone else, and sometimes these errors can damage your rating. Also, it's good to show that you know how to use credit responsibly. For example, a person in Norfolk with no credit history can quickly build up a good credit rating by getting a credit card, making a few small purchases with it, and then paying the whole balance at the end of each billing cycle.

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 Norfolk, Virginia Lawyer Help?

A good Lawyer specializing in consumer bankruptcy or other consumer finance issues in Norfolk, Virginia can be instrumental in resolving consumer debt issues. These issues can be complex and frustrating, and a Lawyer can make the navigation of them much easier.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Norfolk

Norfolk is Virginia's second-largest city. It is an independent city, and therefore not part of any county. It currently has a population of about 233,000 people.

Norfolk, Virginia was founded as an English colony in the 1620s, during the early days of English settlement in North America. By the time of American independence, Norfolk was considered one of the wealthiest cities in Virginia, owing its prosperity mostly to the burgeoning tobacco industry.

Modernly, Norfolk is coming out of some hard economic times. It is currently in the throes of a major urban renewal project, aimed at attracting businesses and residents back to its urban core. Norfolk's economy has been sustained by the presence of a naval shipyard, as well as a major commercial port, both of which provide thousands of jobs. Norfolk is also home to the headquarters of several Fortune 500 companies.

Because of its economic and demographic diversity, Norfolk, Virginia, there is a thriving and sophisticated legal community there. Norfolk, Virginia lawyers are capable of handling just about any legal problem a person might have. If you have any legal issues, you should contact a Norfolk, Virginia lawyer as soon as possible.