Broadly defined, consumer credit is any type of loan given to individuals in order to buy consumer goods. Most people in Galena Park, Texas probably deal with consumer credit every day in the form of credit cards.

Why can't I Get Credit in Galena Park, Texas?

The most likely explanation as to why a Galena Park, Texas bank won't give you a credit card or loan is that you have bad credit. Credit scores in Galena Park, Texas are calculated by private companies known as "credit bureaus." These entities compile all the available information about your finances, look at how much debt you have, if you've paid it back in a timely manner, and other factors, and calculate a numerical score. This number provides potential lenders with a quick assessment of how risky it is to lend money to a person. The exact formulas that these companies employ to create credit scores are trade secrets.


How Can I Improve My Credit Score in Galena Park, Texas?



How Can a Galena Park, Texas Lawyer Help?

An experienced Galena Park, Texas attorney specializing in consumer financial issues can help if you believe that your credit score reflects false information, or if you think a third party has maliciously damaged it.