It's almost too easy to get buried in debt in Houston. We are offered a new store credit card every time we go shopping. We were brought up to believe owning a home—the biggest house we can find—is the "American Dream." Advertisers suggest we buy or lease a new car every year, just to keep up with everybody else.

Many people have enough money to make monthly payments on these debts at the time they incur them. Sometimes, though, the random incidents in life get in the way. You might lose your job, end up in the hospital unexpectedly, or maybe even have another child you didn't plan for. When you live paycheck to paycheck, one shift in your everyday life can have a severe impact on your finances.

Suddenly, the bills you could just barely keep up with have become impossible burdens.

If you are in a situation where you are in need of debt relief in Texas, contact Attorney J. Thomas Black. He has experience in dealing with all forms of debt, including:

  • Credit Card Debt
  • Foreclosures
  • Student Loans
  • Unpaid taxes
  • Vehicle loans

Mr. Black will be able to evaluate each form of debt that you have to determine the best course of action. You may need to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, but you might also be able to have Mr. Black negotiate with your creditors to remove derogatory information and to set up a payment plan.

Three Steps to Improving Your Credit Report

When you are trying to get your credit report back on track, there are three steps to follow. It is important to contact a Houston debt relief attorney to handle this for you, because a lot of debt relief companies are simply not qualified. Because effective debt settlement may also require legal knowledge and experience, having an attorney gives you better odds of a satisfactory outcome.

Stronger credit management will require you to:

  1. Challenge inaccurate information. If you find information on your credit report that is simply not true, challenge it directly with the credit reporting agencies. They must verify disputed information within a reasonable time, or delete it from your credit report.
  2. Negotiate remaining debt. You will speak with your creditors and try to work out a plan to pay off part of your debt all at once, or over time with a payment plan. This is also the time when you should also ask to have any accurate derogatory information removed. It is especially good to have an attorney during the negotiation process in the event that the creditors are being stubborn; the lawyer may be able to discover some errors on the creditors’ end that could be used as your "bargaining chip."
  3. Build good credit. There is no legal way to repair credit by removing derogatory information that couldn't be negotiated with your creditor. Once you have negotiated your current debt, it is important to begin to build good credit. You have to prove that you have the present ability to pay debts and since your past difficulties, you've paid other accounts in a timely manner.

Remember, the credit agencies actually want to lend you money. You just need to show them that you are capable of paying them back.

Contact a Houston Debt Relief Lawyer

You may have gotten into debt on your own, but you don't need to get out of it on your own. Attorney J. Thomas Black is Board Certified in Houston Consumer Bankruptcy Law by the Texas Board of Legal Specialization; he has over 30 years of experience in helping residents of the Lone Star State get out of debt.

A variety of options are available for debt relief in Texas. Contact Attorney J. Thomas Black today for a free consultation at 888-707-1233.

J Thomas Black
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Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization