Market Overview

Credit Reporting Agency Partners with Legal Software Developers to Provide Enhanced Services to Bankruptcy Attorneys

MFI Credit Solutions Announces Partnership with BankruptcyPRO / LegalPro!

Los Angeles, CA (PRWEB) January 15, 2013

As people continue to struggle with their finances in a difficult economic climate, many are somehow increasing the amount of their personal debt. In another alarming indicator, more debtors are filing for bankruptcy nationwide than they have been in recent years. Families whose sole wage earner has been laid off dip into their savings accounts and try to get by on any available unemployment benefits. After months or even years of under employment or no job at all, they start racking up credit card debt just to pay for basic necessities.

When their credit card and other debts become too large to pay off, these people turn to a Chapter 7 or Chapter 13 bankruptcy to get some relief from debt collectors while reorganizing their personal finances. Adding to the growing financial problem, when people lose health insurance along with their jobs, mounting medical bills are wiping out families' savings, which also results in bankruptcies. The last thing debtors need to worry about is increased costs for filing for bankruptcy and attorney services.

In light of this developing trend, MFI Credit Solutions, a nationwide credit reporting agency announced that it has formed a partnership with LegalPRO Systems, the developers of BankruptcyPRO®, a company that makes legal software that bankruptcy attorneys use to file their cases. By using MFI Credit Solutions as their vendor, bankruptcy attorneys can pass the savings onto their clients who typically pay for the reports as part of their bankruptcy filing fees. “While bankruptcy attorneys usually pay about $75 for a joint tri-merged credit report that uses data from Equifax, Experian and Trans Union, MFI Credit Solutions can offer them the same information for around half of that price” says' Jeremy “Judge” Honor, vice president of sales for MFI Credit Solutions. What's also notable about this legal software interface partnership is MFI Credit Solutions also offers competitive prices for its other risk information reports.

After consumers get their bankruptcy discharged, MFI Credit Solutions can offer them credit score enhancement with their exclusive Credit Mapping service which shows consumers exactly how to increase their credit scores and shows them when they will reach the credit scores they want. Typically clients of Credit Mapping gain 35 points in the initial month, followed by 70 points after the next three to six months and up to 100 points after six months to a year. Boasting an accuracy rate of 99 percent, Credit Mappings are available free of charge to bankruptcy attorneys. The service is designed to help consumers avoid the ‘credit score maze' after their bankruptcy discharge for better financing terms & rates.

About MFI Credit Solutions:
MFI Credit Solutions is approved Experian, Trans Union and Equifax as well as by Fannie Mae, Freddie Mac, Federal Housing Administration, Housing and Urban Development.
They provide risk information reports such as credit reports, title reports, flood certificates, automated valuation models, broker priced opinions, 4506-tax verification's, ssa-89 social security verification's, employment verification's, post discharge credit verification's, etc. to licensed professionals such as bankruptcy attorneys, etc.
“A Full Service Credit Information Company”

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10322946.htm

 

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