How will getting a lawyer to help work with collection agency affect my credit?

Food for thought? Brought to you by Lawyer Salinas

In June, I got involved with a debt settlement company that has caused me nothing but trouble. I got my money back from them, but my two bank of america accounts were sent to arbitration. I am having trouble getting a loan to pay off the accounts because of the 30 days past due notice on my credit report for those accounts. Even with a co-signer with perfect credit, we have ran into various problems, such as living in different cities. My parents said to contact a lawyer and they would be able to set up payments for me, but I am wondering what that will do to my credit.

Thanks!
The collection people said I still have a pretty good credit score, but I just want these past due balance notations to go away so my score will go back up. I have never made a late payment before. I don’t want to file bankruptcy either as I would like to buy a house in a couple years. The payments they offered me are $ 1800 per month for six months. I can’t afford that.

Sound like your credit is already screwed.

If the creditors will not except terms, file bankruptcy.

Bank of America is a predatory lender and they thrive a victimization and abuse. File Bankruptcy and never do business with them again.

Bank of America is being charged with unfair credit practices. Felony loan shark laws and illegal fees charged

Bank of America is being sued by five former and current employees who claim the firm discriminated against African-Americans when it came to promoting and paying brokers and bankers.

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Put simply, you are not dealing with a bank, you are dealing with a predator. Congress is preparing to eliminate this type of bank but the Republicans have that blocked for the time being.
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