Common Reasons Why People Seek Credit Repair

There are many misconceptions about credit repair. How can you know what’s fact and what’s fiction when you want to find out if credit repair is an option for you? If you’re not sure where to start, you’re certainly not alone.

Credit repair is not a way of evading responsibility for debt. There are many reasons people may need to repair their credit, including identity theft, mistaken identity and other inaccuracies, such as an item that remains in your credit file even after a court has ordered it to be removed. Big companies, lenders and creditors don’t want you to have this information, however. It’s not in their interest for you to have these inaccurate items removed, even if it’s your legal right. Myths about online credit repair abound, and as an informed consumer it’s important to keep this in mind.

Big companies are trying to guard their profits, and incorrect entries on your credit report can work in their favor. Creditors will try to collect on debts that are not legitimate, and your loss can be their gain. This is the main motive behind the hundreds of websites you’ll find claiming that it’s not possible to fix your credit score – even when it’s your legal right to challenge negative entries.

Your Options for Improving Your Credit

Under the Fair Credit Reporting Act (FCRA), you are entitled to dispute questionable entries on your credit report, and both the consumer reporting company and the creditor are required by law to conduct an investigation and verify questionable items. If they cannot verify the information, it must be removed from your credit file. This is legal credit repair in a nutshell.

Credit repair is a legal tool you can use to improve your credit score. This means that if you successfully challenge a questionable negative item it will be removed. It doesn’t have to stay on your credit report for 7 years. Within 30 days of receiving your request to verify an item, creditors and credit bureaus must investigate the item and verify it. . .and they MUST remove it if it’s not verifiable.

The truth is that you can legally challenge any entry on your credit report, and inaccuracies can be removed whether they involve old debts that have been paid off, entries mistakenly put on the wrong credit report, or items that otherwise should not appear. Even simple mistakes can have serious consequences on your ability to obtain credit in the future.

If you think legal credit repair is an option for you, your first step should be to locate experts in credit repair who can advise and assist you in finding solutions to your credit problems. Look no farther than Lexington Law. Lexington Law specializes in legal online credit repair and their team of professionals can help you find the credit repair solution you’re looking for.

"I just want to share with you my story about how my credit situation. If you are someone struggling with bad credit, then I was walking in your exact same shoes...

And today - if you look behind me - this is the house that I bought.

So, obviously my credit situation has changed.

Basically, while I was in college I ran up my credit cards and acquired a lot of unmanageable debt which destroyed my credit rating.

About a-year-and-a-half ago when I went to try to buy a house, the banks laughed at me and made me feel bad about what happened in college. (They basically implied that I was a deadbeat SCUMBAG even though it really wasn't all my fault).

I knew that I had to fix my credit, but didn't know how to do it myself so I went to Lexington Law.

Now, literally within several months, I was able to purchase a $300,000 new home without any trouble at all obtaining a mortgage.

So instead of going into banks with bad credit and being looked at as a scumbag, the banks were more than willing to help.

In fact, when I applied for my mortgage and the banker ran my credit, he came back and was saying...

"Wow! Sure thing sir. We'd love to help you out."

Lexington Law literally changed my life.

I went from being the person who has bad credit to being the person who is living in what I consider my dream home at age 29.

Some examples of the things that were on my report that are now gone were: all sorts of charge offs, collections, and I even had credit report judgments listed against me (which I heard is one of the worst things you can have on your credit.)

I had basically every kind of negative listing shy of a bankruptcy.

Lexington Law has raised my credit score at least 237 points. I just checked my FICO score which is now a 737. When I started with Lexington Law, it was below 500!"

I encourage anyone struggling with bad credit to pick up the phone and give Lexington Law a call.

 

It was super-encouraging to see my credit score improve each month as the negative items were deleted from my credit reports. I thought some of the bad credit was permanent since creditors misled me into believing that delinquent information would stay on my credit report for the next seven years.

However, through their dispute process and "goodwill interventions," Lexington Law proved it is possible to remove any questionable negative item. (it is the same as pleading 'not guilty' in a court of law).

Additionally, the paralegal assigned to my case showed me other credit rebuilding techniques such as:

• How to add up to three years of positive payment history to your credit with your regular phone or utility bills (these are things I pay each month anyway so it was a real "no-brainer)
  
• How boost your credit score by optimizing your 'Utilization Ratio' - this involves transferring balances and there is a Right Way and Wrong Way to do this
  
• How Lexington Law can erase your damaging credit inquiries (applying for credit puts a small "ding" on your credit. Inquiry Investigation helps you remove these "dings")

Deleting the negative credit items like charge offs and the credit card judgment, combined with the credit rebuilding techniques, rapidly improved my credit score. In fact, in month two my score went up 74 points!

After living with bad credit for so long, it was really encouraging to see that I was making progress in the right direction.

Not only did the attorneys at Lexington Law show me results, they also provided excellent customer service along the way. If you are someone who enjoys that "personal touch", then you may like how Lexington Law assigns a paralegal to your case.

My paralegal (Stephanie) was always available to discuss the status of my case over the phone and email. Even though I didn't expect or ask for it, my attorney would also periodically give me a call to check in.

Here are some strategies Lexington Law used to delete the really stubborn bad credit - such as the credit card judgment:

• Unlimited dispute & delete
• Goodwill interventions
• Escalated information requests
• Debt validation
• Inquiry assist

You can also access you case online anytime you like. (I enjoyed logging in just to see all the deletions!)

If you are struggling with a bad credit score because of negative credit items, then I truly hope that you start repairing your credit today. I know how humiliating bad credit is and I know how easy it is just to 'sweep it under the rug' and pretend it will go away on its own.

I realize that your situation is probably a little different than mine, however, Lexington Law has already deleted questionable charge offs, a credit card judgment, late payments, collection items, and inquiries from my credit report and raised my credit score to a 737!

Here is a shot of my credit score online last month -:

To get started repairing your credit, call Lexington Law today direct at:
1-800-232-2903 (toll-free)
www.LexingtonLaw.com

Or, if you want a Lexington Law paralegal to call you, click here.