Bad
Credit Repair – Your Credit Is A Mess! What Can You Do?
The credit bureaus themselves
tell us that up to 79% of the credit reports contain errors, and yours is no
exception. You pay for these errors with higher credit card interest, home
mortgages, and car loans. And the credit bureaus are not interested in finding
those errors and fixing them – that’s
your job.
So
what do you do if you’re one of the 79% of people with mistakes on your
credit report? Our advice to you is don’t go down the road of looking for a
quick fix. It eventually will turn around and bite you. It’s better to do
it right and legal.
According
to Fair Isaac, lenders would probably demand about a 9.8 percent interest rate
on a $300,000, 30-year fixed mortgage for a credit score between 500 and 579.
That would translate into a $2,585 monthly payment for principal and interest.
But
a borrower with a score between 760 and 850 seeking the same loan would
qualify for about a 6 percent rate that would cost just $1,796 a month for
principal and interest. That savings of $789 each month would total $284,040
over 30 years. Just for having a higher credit score!
In writing this article we did a
complete research in order to give you an accurate picture of what is involved
to correct errors on your credit reports. Here are some things that you must
know if you want things to get better.
Credit
Repair Is Legal
You have the same right to challenge
anything on your credit report that you feel is in error, the same as entering
a not guilty plea if you are accused of a crime.
You
Can Challenge These Items Yourself – You Have That Right
Unfortunately, the credit bureaus
rules regarding errors are designed to make it difficult for you to challenge
them. For instance, EACH item must be disputed separately and proof of the
error provided IN WRITING. Then the creditor has 30 days to respond, after
which the bureau will decide who is right and who is wrong. Because of the
time it takes to challenge errors many people get discouraged and stop.
Many
times it is in your best interest to engage a credit repair law firm to do the
corrections because they have expertise that you don’t have. A credit
attorney can get your credit errors corrected more efficiently and quickly
because they know the system and how to dispute items correctly. Plus they
have the time to do the follow up that you probably don’t have. And if you
want to increase your credit score speed is important. AND
because they are attorneys a letter from them carries more weight than from
you.
The
research we've done convinced us that Lexington
Law was the best credit law
firm — anywhere. They have impeccable credentials and they are affordable.
If you aren’t satisfied they offer a money back guarantee.
If you want to research credit repair
companies on your own though, here’s some tips you should be aware of:
-
Beware
of companies who claim FTC endorsement. The FTC does not endorse any
business. Many companies will imply FTC endorsement without coming
outright and saying so. Proceed at your own risk.
-
Stay
away from any credit repair company that suggest a new identity by
applying for an Employer Identification Number (EIN) to replace your
Social Security number. This is illegal and can get you into serious
trouble that can result in fines or imprisonment.
-
Finally
beware of any credit repair services that don’t disclose your full
rights.
Here
is what Lexington
Law will deliver: Affordable fees, top-notch customer support, guaranteed
results, money back guarantee.
Lexington
Law has been giving excellent service since 1991.
They have represented over 300,000 clients and have successfully
removed over two million items.
Further they offer a full refund if they fail to deliver satisfactory results.
Actual testimonials are available on their site.
A
surprising number of Americans have a bankruptcy listed on their report that
should not be there. Bankruptcy is to your credit what a nuclear bomb is
to war. A bankruptcy may be your problem,
but that does not always mean it’s your fault. Over 500,000 people declared
bankruptcy last year. That amounts to more than a half million chances for a
bankruptcy to mistakenly end up on your
credit reports. It’s an easy mistake to make.
If
you have ever dialed the wrong phone number you can understand how such a
mistake could happen. We have all been told that a bankruptcy remains for 10
years on your credit reports and that they cannot be removed. Well,
yes they can if they are wrong.
Start
the process moving by contacting Lexington
Law now.
Let’s get your credit fixed ASAP. You deserve the best.