Bad credit can prevent you from doing numerous things, including borrowing money for a home or a car. Because it can truly affect your standard of living, it’s crucial to fix your bad credit.
Bad credit basically means that you have a poor credit rating. A bad credit rating is the result of missing payments, making late payments, exceeding card limits or declaring bankruptcy.
The Importance Of FICO Scores
The FICO score is usually how your credit is rated, and can also be a sign of whether you need to fix bad credit or not. A “bad” FICO score is considered to be a score from 500 – 580.
If a lender actually agrees to lend you money, you pay a huge amount of extra money in extremely high interest rates … and that is only if they actually agree to lend you money. A bad FICO score is a sure fire reason to fix a credit report.
In order to fix credit, you should make sure to pay your bills on time each and every month. By paying your bills routinely, you will establish an impressive record, and it will help you fix a credit report.
Secondly, you should also get a copy of your credit report and see if there are any negative entries that do not actually belong to you. Mistakes on credit reports are a very common occurrence, and should be taken seriously, especially if you are trying to fix your credit.
You can use your payment history information to make a deal with creditors for payment purposes in exchange for them deleting or changing negative information they report on to the credit bureaus.
When you find mistakes on your credit report, you have two options on how to fix the credit. First, you can fix credit yourself. Trying to remove mistakes can be cumbersome and time-consuming. You must write letters to each credit bureau with an explanation of why you are requesting the mistake be removed.
The second option is to hire a credit repair service/law firm. These services will actually complete the process of removing bad marks on your report, which will clean your credit report. By working with a firm that has experience will allow you to achieve optimal results, with a minimum time effort.
Another Credit Repair Option
Credit repair services and law firms know the ins and outs of credit repair, and often have networking relationships with credit agencies and bureau employees. These firms are familiar with laws and how best to dispute a mistake or bad mark on your credit report.
Credit repair services and law firms have knowledge that you as a consumer do not. When you, the consumer, would give up, the firm knows how to continue to fix credit reports, and help you live the life you deserve.
"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 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:
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:
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) for a FREE credit consultation
