Credit Repair Attorney

Sometimes the shortest articles carry the biggest messages.  That was definitely the case yesterday as a small item appeared on the BizJournals Web site that laid out some statistics regarding consumers and credit card debt.  The text of the article can be found below, and this should be considered a huge red flag for many.“Approximately 15 percent of consumers carry more than $10,000 in credit card debt, says the Fair Isaac Corp. (NYSE: FIC).

Also, one in seven consumers is using more than 80 percent of their credit card limit, the company says.

The Fair Isaac Corp., headquartered in Minnesota, is the inventor of the FICO credit risk score lenders use when deciding to give loans or credit. The company specializes in providing the consumer credit industry with tools and information to predict lending and credit risk.”

As you see, the ongoing credit crunch is being generated both by large banks’ decisions and individuals who carry way too much consumer debt.  If you would like to have your credit repaired, contact the credit repair attorneys at Smith & Garg today to schedule an initial consultation.