An Overview of Lexington Credit Repair
Getting a
bad credit report or a low FICO score is
one of the worst things that can happen
to an American Consumer. As everything
in the American economy is based on the
Credit Rating system, a bad credit can
ruin your chances for a good mortgage, a
low interest car loan or even it can
cost you your job. Using a professional
help like Lexington Credit Repair
will help you to improve your credit
score with the rights granted to you by
federal law. This can be extremely
helpful as getting a professional
service like Lexington Credit Repair
will allow you to get a higher credit
score and thus higher credibility in
faces of the creditors.
Well how does Lexington Credit
Repair works? First of all, it is
the right of American consumers to have
a chance to dispute any item on their
credit report. Many times unwanted
discrepancies can occur on your credit
report like:
Ø
Wrong items on your credit report
(Things that never happened)
Ø
You are the wrong person or a mix up has
occurred with the name or the postal
address.
Ø
Bills that have been paid on time,
showing as delinquent or un-paid on your
credit report
Ø
Bills or statements that you have
disputed under various state laws, that
still appear on your credit report while
they shouldn’t.
Ø
Accounts that have been closed due to
your demand, but which show up as
settled (like settled through legal
action)
Ø
Small debt amounts that show up on your
credit report, thus lowering your score
Once you sign up with Lexington
Credit Repair Services, they take a
full credit report and they analyze it
with lawyers and financial analysts, to
get an exact and legal picture of your
situation. Once you provide them with
the items and the details of your
disputes, they make the necessary
correspondence by writing dispute claims
to the Consumer Credit Agencies. By
Federal Law FCRA (Fair Credit Reporting
Act), any dispute or complaint in
writing will have to be investigated and
finalized in 30 days. This is the law,
as any claim must be backed by facts in
the Credit Consumer Agency. Once the
Lexington Law Firm corresponds with the
various agencies, they have no choice
but to respond and investigate the
matter further by writing to your
creditors. If the creditors do not
respond in 30 days time; then your
credit report is automatically updated
and the disputed items are deleted.
Many times if the creditor is in error,
they will not respond and your case can
be improved instantly. In case of small
bills and debts, most companies will not
take the time and make the effort to
respond back to the Credit Agency.
Again, this will cause an automatic
deletion of the item in your credit
report due to the 30-day rule.
Sometimes you may not even be sure
about which items to dispute but with
the Lexington Credit Repair
Service, you will get detailed financial
and legal analysis to give you a fair
idea about which items to dispute and
which items not to dispute. In
addition, they will give you sound
advice about which accounts to close and
which accounts to keep open. (This can
be important, as closing an old account
will also cause a deletion of credit
history, which will lower your credit
score in the end). They have been
around since 1991 and they are a
registered law firm. With their low
cost of $39.99, Lexington Credit
Repair solutions can help you start
building your credit score fast.
Getting a bad credit report or a low FICO score is one of the worst things that can happen to an American Consumer. As everything in the American economy is based on the Credit Rating system, a bad credit can ruin your chances for a good mortgage, a low interest car loan or even it can cost you your job. Using a professional help like Lexington Credit Repair will help you to improve your credit score with the rights granted to you by federal law. This can be extremely helpful as getting a professional service like Lexington Credit Repair will allow you to get a higher credit score and thus higher credibility in faces of the creditors.
Well how does Lexington Credit Repair works? First of all, it is the right of American consumers to have a chance to dispute any item on their credit report. Many times unwanted discrepancies can occur on your credit report like:
Ø Wrong items on your credit report (Things that never happened)
Ø You are the wrong person or a mix up has occurred with the name or the postal address.
Ø Bills that have been paid on time, showing as delinquent or un-paid on your credit report
Ø Bills or statements that you have disputed under various state laws, that still appear on your credit report while they shouldn’t.
Ø Accounts that have been closed due to your demand, but which show up as settled (like settled through legal action)
Ø Small debt amounts that show up on your credit report, thus lowering your score
Once you sign up with Lexington Credit Repair Services, they take a full credit report and they analyze it with lawyers and financial analysts, to get an exact and legal picture of your situation. Once you provide them with the items and the details of your disputes, they make the necessary correspondence by writing dispute claims to the Consumer Credit Agencies. By Federal Law FCRA (Fair Credit Reporting Act), any dispute or complaint in writing will have to be investigated and finalized in 30 days. This is the law, as any claim must be backed by facts in the Credit Consumer Agency. Once the Lexington Law Firm corresponds with the various agencies, they have no choice but to respond and investigate the matter further by writing to your creditors. If the creditors do not respond in 30 days time; then your credit report is automatically updated and the disputed items are deleted. Many times if the creditor is in error, they will not respond and your case can be improved instantly. In case of small bills and debts, most companies will not take the time and make the effort to respond back to the Credit Agency. Again, this will cause an automatic deletion of the item in your credit report due to the 30-day rule.
Sometimes you may not even be sure about which items to dispute but with the Lexington Credit Repair Service, you will get detailed financial and legal analysis to give you a fair idea about which items to dispute and which items not to dispute. In addition, they will give you sound advice about which accounts to close and which accounts to keep open. (This can be important, as closing an old account will also cause a deletion of credit history, which will lower your credit score in the end). They have been around since 1991 and they are a registered law firm. With their low cost of $39.99, Lexington Credit Repair solutions can help you start building your credit score fast.