by Megan | Apr 3, 2014 | Uncategorized
Filing for bankruptcy is a double-edged sword. While you may be free from your debt or on a payment plan that you can afford, your credit is going to take a nosedive. Depending on your credit situation before bankruptcy, your credit score could plummet by hundreds of points. How do you go about repairing your credit after you have filed for bankruptcy? Find a Partner to Help You You don’t have to deal with the process of repairing your credit on your own. There are many qualified individuals or credit repair firms that can help you get your credit score back to where you want it. You can talk to an attorney about where to go for help or go online to learn about where you can turn for credit repair help and guidance. Nonprofit organizations may be willing to help you for free or for a reduced fee based on your income. Nonprofit Does Not Mean Free It is critical to remember that nonprofit does not mean that the organization does not make a profit. In some cases, a nonprofit credit counseling service may charge more for their services than a for-profit agency. Those who are looking for free or low cost credit repair services should look for agencies that are affiliated with churches or other social welfare groups. Repairing Your Credit Takes Time Whether you have help or decide to repair your credit on your own, it will take time to repair all of the damage that occurs when filing for bankruptcy. A Chapter 7 bankruptcy will stay on your credit report for up to 10 years...
by Megan | Feb 27, 2014 | Uncategorized
Finding out that you have bad credit is a real blow to your financial situation. A low credit score makes it much more difficult to buy anything that is outside your current cash budget. Suddenly, you are considered a high credit risk and cannot get a credit card or loan. Even renting an apartment is extremely difficult. To get your credit back on track you may be considering using a credit repair company. There are several reasons why this is a good way to go. You Need to Raise Your Credit Score Fast Your natural inclination is to want to get out of this bad credit predicament as soon as possible. The only problem is that you do not have any idea of what to do to turn things around quickly. Credit repair companies can certainly help speed up the process. The first step would be to contact a repair firm for an evaluation. This process would be the same as a Lexington Law credit repair review. You are Tired of Getting Rejected for Loans Bad credit can certainly ruin your dreams in a big way. Plans to buy a new car are suddenly going up in smoke. Qualifying for a home loan is certainly out of the question. Need a loan to take care of major medical expenses, or to pay down bills? Forget it. None of these things are possible because banks refuse to lend money to people with bad credit. Every time you fill out a loan application your credit report is checked. There is no way to get around this. It may be a long...
by Megan | Feb 25, 2014 | Uncategorized
Many Americans are currently wondering which credit repair company is the best. More than 50 percent of people in the United States have trouble with their credit scores. It seems the only way to get out of this overwhelming debt is to find a reliable credit repair company. However, with hundreds of these companies hovering about, choosing the right one may seem challenging. The best way to find the best credit repair company is to examine the most important elements of a respectable organization. The following are the factors that make one company stand out above the rest: Experience The number of years a company has been doing business has a great bearing on its ability. Each year of practice signifies hundreds of cases and various credit situations. A well-seasoned credit repair company will have more than 10 years of experience working with debtors and their problems. Statistics Nothing shows a credit repair company’s aptitude like a lengthy record of success. Debtors who are seeking to restore their profiles need to know that a company has succeeded before in doing just that. Therefore, the best credit repair company will have the documentation and numbers to show that it is the best in the business. Reviews Consumers are the best advisers. They can share their experiences online and in person to notify other consumers about any wrongdoings or misrepresentation. When a credit repair company helps a person to get back to financial freedom, that person will usually be ecstatic enough to leave a comment. Anyone who is looking for a reliable credit repair firm would want to search for comments,...
by Megan | Feb 24, 2014 | Uncategorized
When dealing with a bad credit report, a borrower will face increased costs, whether he or she wants a car loan, mortgage or credit card. To fix the problem, the consumer will need to take some time and contact the creditors. Other times, it is wise to hire a third-party firm that can take care of the issue quickly and without making any errors. With this in mind, one should know how long it takes to repair their credit. Here is a quick guide on how long it should take for the average consumer. Professional vs. alone Now, before doing anything, a consumer should decide if he or she wants to do this task alone or with the help of a qualified professional. Fortunately, when using Lexington Law, one can get their credit report cleaned up quickly. In fact, when reading Lexington Law reviews, one will notice that people see their score recover in months. Without a doubt, a reader should start reading a Lexington Law credit repair review. Number of problems When dealing with a complicated issue such as credit repair, one will have a lot of work on their hands. This is especially true for a consumer who has a lot of debt problems. For this reason, it is hard to guess when one will fix the issue and enjoy a high credit score. For example, when one has multiple charge offs, they will take a long time to pay off their debt. Furthermore, when a consumer has some cash in the bank, he or she will have no problem paying down the debts quickly. Willingness of...
by Megan | Feb 14, 2014 | Uncategorized
Many individuals do not realize that their credit scores are not accurate. You should obtain a copy of your credit reports from all three of the credit bureaus and look them over completely. One of the first steps to repairing bad credit is to fix the negative items that are being reported on you. A professional Lexington law firm review of your credit can help you to understand the strengths and weaknesses of your financial situation. The majority of credit reports have errors of mistaken identities, simple misunderstandings, improper accounting or clerical errors on them that do not belong. Errors on credit reports can be significant enough to have a person denied credit for a mortgage or keep that person from obtaining an advancement in their job. To start fixing ones credit a professional law firm, with a team of paralegals and investigators will find all the omissions and errors on your credit report and will work towards repairing your credit. A free consultation with a Lexington law firm will help you discover how to repair your credit and the source of the problems that created your poor credit. Lexington law firm reviews will find the inaccurate and unfair credit reports on you and provide you with proven credit repair solutions. To fix bad credit and establish good credit will take some time. The attorneys will send the proper legal challenges to the bureaus in your defense. By getting rid of the negative listings on your credit report you will be able to see a better credit score in a short time. Any negative item that cannot be verified...
by Megan | Feb 12, 2014 | Uncategorized
When dealing with credit issues, some consumers opt to do nothing and not worry about the problem. However, this is not smart as most people, at some point in their lives, will need to use credit to buy a house, invest in a business or get a credit card. With this in mind, here are four cases in which a person should use a credit repair service. Buying a house: Most people, at some point, buy a house and, naturally, want to get a great deal on both the home and the mortgage. Sadly, when a consumer has a low score, he or she is likely to overpay on the mortgage. Furthermore, a borrower will also have a harder time meeting strict borrowing qualifications in this current market. For this reason, about 6 months or so before one starts to look at properties, they should contact a credit repair service who will do the job right the first time. One of the best credit repair services is Lexington Law. By reading Lexington Law firm reviews, a potential customer will notice immediately that the firm does get results for clients. Remember, before looking at places, one should clean up their score by using a professional service. When doing so and reading a Lexington Law firm review, a client should have no trouble signing up for services. Not getting anywhere without help: Often, upon looking at a credit report, a consumer will notice an error that is not in his or her favor. To fix the problem, some opt to contact the creditor and demand for a removal. This is hard...
by Megan | Feb 10, 2014 | Uncategorized
Simply ignoring a bad credit profile instead of closely examining your credit history can lead to a host of problems. You might find it difficult to buy a car or a house. Your monthly minimum payments on your credit cards, loans or mortgages might become too high for you to actually cover. If you’ve started thinking about addressing your credit issues, then you may be frightened by all of the work that you think that you have to do. Trying to solve it by yourself can be frightening. That’s why a Lexington law credit repair review can help. You might have heard only negative things spoken about credit repair companies and very little about how they can actually help people who are struggling to fix their credit profile. Navigating the laws and regulations surrounding credit scores and debt repayments can be overwhelming, but a credit repair company can help you stand up to the three big credit score companies, Equifax, Experian and TransUnion, so that your credit profile can be fixed. Credit repair companies begin their work by closely analyzing a client’s credit history in order to find any errors or miscalculations that may have been made. One of the biggest issues that credit repair companies address is whether or not everything in a client’s credit history is verifiable. If a part of a person’s credit history cannot be verified, then it has to be amended, fixed and even removed in some circumstances. This can lead to an improvement in the client’s credit score. This is where it pays off to have professional help. In some instances, credit repair...
by Megan | Feb 7, 2014 | Uncategorized
Credit repair companies are businesses that will help consumers clean up their credit report so that they may successfully obtain a mortgage, car loan and/or other assets. The term ‘credit repair’ refers to the legal work and methods that are utilized by a business to dispute inaccurate, misleading or incomplete consumer credit listings. The majority of consumers believe that there is nothing that can be done to change their credit report information. However, the Fair Credit Reporting Act (FCRA) gives consumers the right to correct any misinformation that might be on their credit report. Therefore, the consumer is totally accountable for making sure that their credit reports are a true representation of their consumer behavior. However, most consumers fail to take the time to learn the pertinent consumer protection rights or prepare a strategy to correct their credit. Also, ever since the FCRA was instituted in 1970, creditors have been working to make it difficult for consumers to access their credit information. Therefore, credit repair companies take on these tasks on the behalf of the consumer. These companies have the experience and knowledge that are required to effectively address a consumer’s troublesome credit history. Credit repair companies can challenge any credit report issues, including everything from tax liens to bankruptcies. Credit repair companies contact credit bureaus and individual creditors on behalf of the consumer to remove the negative items from their credit reports. It is actually a simple four stage process: obtaining credit reports, legal actions, credit score analysis, and follow-up. To begin the process, the consumer simply has to sign up with a credit repair company and submit...
by Megan | Feb 5, 2014 | Uncategorized
There are millions of individuals around the globe who are currently plagued with bad credit. Because they have a less than an acceptable credit score, they are unable to engage in some of the activities that are associated with a successful lifestyle. This includes getting a credit card, purchasing a home, and purchasing a vehicle. Anyone who is currently dealing with credit woes can easily tell you that getting into credit trouble is easy and that getting out of it is hard. Often times, people compare repairing your credit to losing weight. There are just no easy ways out of it, and whatever you do, it is going to require a measure of hard work. However, anyone who has gone through the process and has successfully repaired their credit can also tell you that having good credit brings a measure of relief and stability to their lives that they did not have previously. In order to repair your credit score, the very first thing that you need to do is know where your credit score is at currently. How you do this? By checking your credit report. This is a relatively easy process, and it is something that can be done annually for free. All that you will need to do is request a free copy of your credit report. Once you have your credit report in front of you, then you need to start searching it for any mistakes or errors that it might have. Pay special attention to any late payments that might be listed on your account that are incorrect. Also, make sure that the amount...
by Megan | Feb 4, 2014 | Uncategorized
Good credit is something many people take for granted until they actually need it and discover it’s not as good as they thought it to be. Having poor credit may be unfortunate but it’s not the end of the world, especially with credit repair help available. Learn why credit repair is so important, how you can get credit repair and how easy it can be with the right company. Why is Credit Repair Important? Whereas good credit was once needed mostly for loans and credit cards, today it’s necessary to rent an apartment, obtain cell phones, and get satellite television, among many other things in life. Poor credit scores can even affect your auto insurance premiums. Your credit scores can be damaged in several ways. • Incorrect information on your credit report (name, address, social security number) • Missed or late payments • Paid off bills still listed as unpaid • Judgments or liens on property • Judgments or liens satisfied but not filed with correct court agency • Bankruptcy • Too many hard inquiries into your credit As you can see above, many things can cause your credit scores to suffer. The unfortunate but true fact is that while your credit scores can be damaged easily and quickly, it often takes much longer to repair damaged credit. Credit repair from a company such as Lexington Law can help get you back on the right track quickly, easily and for only a small fee. If you’re in doubt as to what they can do for you, check out the many Lexington Law reviews from their many satisfied customers. What’s...
by Megan | Feb 3, 2014 | Uncategorized
At least 20 million Americans live with low credit scores. These credit scores can be debilitating, preventing you from getting the home or vehicle you need. If you are among the ones whose lifestyle is getting severely cramped by low credit scores, you need someone to fix it for you. Here’s how the credit repair process works. First, you need to understand your rights. Several laws govern the way that your information is reported to credit bureaus. You have a right to see incorrect items fixed on your credit report. A credit repair company like Lexington Law will make sure that those rights are observed. Your credit repair company will start by getting your credit report from the three major credit bureaus—TransUnion, Experian, and Equifax. The company’s attorneys and paralegals will analyze each report, highlighting items that could be damaging. Many errors exist within credit reports that can seriously harm your credit score. The credit repair company will prepare the proper legal challenges that apply to the case and will challenge the items that are wrong and try to get them fixed for you. With Lexington Law, you also have the option of personalized “focus tracks.” If your life has been affected by medical debt, student loans, identity theft, divorce, or military service, you could benefit from these tracks, wherein you select the items you want to challenge, and Lexington Law will investigate and dispute. Once the consumer has been advised of the findings, the credit repair company will submit the challenges to the creditor. The credit repair companies also allow the consumer to monitor their results either through...
by Megan | Jan 30, 2014 | Uncategorized
Are you bewildered by the many options for credit repair that exist on the Internet? What can a credit repair company actually do for you? First, a credit repair company can help you if you have legitimate errors on your credit report. If you’ve got actual errors, as opposed to instances where you didn’t pay your bills on time, a credit repair company will be useful. These could be mistakes in reporting or little errors in your personal information. A lot of things can affect your credit score, so if you believe there really are errors on your report, taking advantage of a credit repair company would be your best bet. Another instance where credit repair companies would be able to help is when you have errors that can’t be verified. Did you know that every detail in your credit report needs to be verifiable? If there’s a negative item from a lender who was bought out or went out of business, a credit bureau wouldn’t be able to verify the information on your report with them. When this happens, the credit bureau is required to omit it from your credit score. A credit repair company can point these instances out to you and raise your score. Credit repair companies know the tricks of the trade and can negotiate with lenders on your behalf. Unfortunately, not all lenders are willing to work with credit repair agencies and will not negotiate. However, when those lenders who are willing to communicate, credit repair companies will do their best to fix your credit. Of course, not everybody out there on the Internet...
by Megan | Oct 28, 2013 | Uncategorized
by Megan | Oct 28, 2013 | Uncategorized
by Megan | Oct 28, 2013 | Uncategorized
by Megan | Oct 28, 2013 | Uncategorized
