Lexington Law Review | Lexington Law Reviewed
My credit was horrible. I lost my job last year and could not afford to pay my credit cards. They were charged off and sent to collections. When I finally found another job I knew I had to do something about my terrible credit. A friend recommended Lexington Law Firm as he had used them to remove negative items from his credit report. Signing up was easy and I started to get letters in the mail showing their progress...they managed to remove all my charge offs and increased my credit scores 180 points!
Visit Lexington Law Now for More Info
Visit Lexington Law Now for More Info
My Horrible Credit Scores...
Lexington Removed 2 Charge Offs & A Collection Account
2 Charge Offs Deleted
My Credit Score Increased 180 Points! In Only 2 Months!!
Visit Lexington Law Now to Repair Your Credit
Lexington Law: Is There Such a Thing as Fast Credit Repair?
You must understand first off that credit repair will take sometime no matter what. There really is no such thing as a "quick" fix. Remember, that you didn't screw up your credit overnight and you will not be able to fix it that quickly either. Do not be discouraged though, as the sooner you start your credit repair the sooner you will be on the road to good or great credit. I know this might sound obvious, but the bottom line is you need to start now. Do not feel like you will "always" have bad credit as that is so far from the truth if you actively work on fixing your credit. However, if you do nothing then yes, you will always have bad credit.
Now with a little patience and the write plan in mind you too can repair your credit. It just wont happen over night. It might take two months or it might take two years. It all depends on how bad it is to begin with and how diligently you decide to improve your credit rating. There are four steps to the credit repair process:
1 Analyzing your credit reports
2 Deleting bad credit from your credit report
3 Establishing positive credit
4 Monitoring the progress of your credit scores
Following this simple plan will have you on your way to great credit in no time!
Step 1 Analyze Your Credit Reports
You need to obtain a copy of all three of your credit reports (Equifax, Experian and Transunion). Go through each of the reports and highlight all of the potentially negative information making sure that you pay close attention to the details. Are the balances reporting correctly? Do the dates on the credit reports make sense? You want to make notes of anything that you question regarding every negative trade line.
Step 2 Delete Bad Credit
You will need to write letters to each of the credit bureaus telling them to delete the items that you found to be either questionable, or that you just want to have verified. By law they will have to contact each creditor and verify the accuracy of the item that you dipsuted. If they cannot verify the information or it is incorrect, it will be removed from your credit reports. If they items are verified and you owe on them (i.e. a collection from a utility) then you should contact the creditor to pay the item. When doing so you should ask them to remove the item from your credit report when you pay. If they agree to do that get it in writing before you send any payment. If the creditor will not remove the item pay it anyways. Paid collections are always easier to get removed from credit reports.
Visit Lexington Law Now for More Information
Step 3 Establish Positive Credit
While you are working on deleting your bad credit you should also try to open a few positive accounts and maintain a perfect payment history. I suggest you open three secured revolving accounts (credit cards). You will have to give a deposit to open these types of accounts, but once you start making payments they will help to bring your scores up rapidly. Make sure to keep your balances under 30% of their limits or you will not see the greatest potential benefit.
Step 4 Monitor Your Credit Scores Progression
I personally use a monthly monitoring service that allows me to check my three credit reports monthly and view my credit scores online. I used this service while I repaired my credit rating and I love the fact that every month I could watch as my credit scores rose. I saw my scores raise out of the upper 400s to eventually hit the 700 mark. It made the whole journey very satisfying. Monitoring services will also alert you to any negative changes to your credit reports or if anyone checks your credit in an offer to extend you credit.
As you can see, repairing your credit will take at least a few months but I think that you will agree once it is done you will be in a much better place! I'm sure you are aware of the cost of living with bad credit. Not being able to get a car loan is what finally made me decide to fix my credit. I am glad I
did. For more information please.
Lexington Law: Is There Such a Thing as Fast Credit Repair?
You must understand first off that credit repair will take sometime no matter what. There really is no such thing as a "quick" fix. Remember, that you didn't screw up your credit overnight and you will not be able to fix it that quickly either. Do not be discouraged though, as the sooner you start your credit repair the sooner you will be on the road to good or great credit. I know this might sound obvious, but the bottom line is you need to start now. Do not feel like you will "always" have bad credit as that is so far from the truth if you actively work on fixing your credit. However, if you do nothing then yes, you will always have bad credit.
Now with a little patience and the write plan in mind you too can repair your credit. It just wont happen over night. It might take two months or it might take two years. It all depends on how bad it is to begin with and how diligently you decide to improve your credit rating. There are four steps to the credit repair process:
1 Analyzing your credit reports
2 Deleting bad credit from your credit report
3 Establishing positive credit
4 Monitoring the progress of your credit scores
Following this simple plan will have you on your way to great credit in no time!
Step 1 Analyze Your Credit Reports
You need to obtain a copy of all three of your credit reports (Equifax, Experian and Transunion). Go through each of the reports and highlight all of the potentially negative information making sure that you pay close attention to the details. Are the balances reporting correctly? Do the dates on the credit reports make sense? You want to make notes of anything that you question regarding every negative trade line.
Step 2 Delete Bad Credit
You will need to write letters to each of the credit bureaus telling them to delete the items that you found to be either questionable, or that you just want to have verified. By law they will have to contact each creditor and verify the accuracy of the item that you dipsuted. If they cannot verify the information or it is incorrect, it will be removed from your credit reports. If they items are verified and you owe on them (i.e. a collection from a utility) then you should contact the creditor to pay the item. When doing so you should ask them to remove the item from your credit report when you pay. If they agree to do that get it in writing before you send any payment. If the creditor will not remove the item pay it anyways. Paid collections are always easier to get removed from credit reports.
Visit Lexington Law Now for More Information
Step 3 Establish Positive Credit
While you are working on deleting your bad credit you should also try to open a few positive accounts and maintain a perfect payment history. I suggest you open three secured revolving accounts (credit cards). You will have to give a deposit to open these types of accounts, but once you start making payments they will help to bring your scores up rapidly. Make sure to keep your balances under 30% of their limits or you will not see the greatest potential benefit.
Step 4 Monitor Your Credit Scores Progression
I personally use a monthly monitoring service that allows me to check my three credit reports monthly and view my credit scores online. I used this service while I repaired my credit rating and I love the fact that every month I could watch as my credit scores rose. I saw my scores raise out of the upper 400s to eventually hit the 700 mark. It made the whole journey very satisfying. Monitoring services will also alert you to any negative changes to your credit reports or if anyone checks your credit in an offer to extend you credit.
As you can see, repairing your credit will take at least a few months but I think that you will agree once it is done you will be in a much better place! I'm sure you are aware of the cost of living with bad credit. Not being able to get a car loan is what finally made me decide to fix my credit. I am glad I
did. For more information please.
Credit Repair Info
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Shayne loves to help others by providing useful, free information and researching helpful resources all over the internet.
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