how to fix your bad credit for your family’s future
Thank you Lexington Law Firm for sponsoring this post. A high service partner and consumer advocate that will help you fight for the credit you deserve!
Not many enjoy talking about their bad credit but it’s one of those necessary grown-up problems to solve ASAP. I messed up my credit right from the get-go: in college. College students are one of credit card companies favorite targets, easy prey. When you turn 18, the credit cards start rolling in and if you can’t stay on top your payments, you can damage your credit for future big-boy purchases like a car or a house. Luckily, there’s Lexington Law Firm ready to help you navigate the credit repair process.
There are many reasons why your credit may not be excellent, some not even your fault. For me it was being young, irresponsible and naïve, targeted by credit card companies and relying on paying just the minimum payment (and then just letting some just go unpaid). Starting off adult life with negative marks can be tough to overcome since you also have no prior positive credit history or large credit lines to help your score. Luckily, I didn’t rack up a huge amount to pay off but it did take awhile to build trust again with credit card companies. My FICO score was very slow to rise as well.
Other, scarier reasons for bad credit can be overwhelming medical bills, divorce, student loans or, GULP, identity theft. Life is full of twists and turns, so it’s important to understand how credit works and who to turn to in dark times. When I was working on my credit, I did it on my own and it took FOR-eva and it was very difficult. While it isn’t too hard to pay off old bills, it is really hard to fight credit errors on your own. Late payments and derogatory marks should drop off your report after maximum seven years, but I’m here to tell ya, that doesn’t always happen. The truth is, you need to partner with a respected credit repair service who will fight for you.
Lexington Law Firm is the oldest and most respected name in credit repair. They have both the legal experience and technology to advocate and drive results for consumers. It’s always good to feel like you’re not alone, especially in an area like credit that can be so overwhelming. While you may feel embarrassed or in despair over your life choices, Lexington Law still believes that you have a right to a fair, accurate, and substantiated credit report. They can navigate the credit repair process by harnessing the power of knowledge and the law to fight for their clients’ rights to good credit. You might not realize it, but the law really is on your side when it comes to credit!
It seems to me, you don’t ever think about your credit until you need it, which is too late. Building and repairing credit takes time. If you are thinking about buying a new car or a home, now is the time to whip your credit into shape. Even if you think you have good credit, you have to check your report every so often. You need to look not only for the identity theft possibility, but also for credit errors. Every year millions of Americans are denied loans for homes and cars due to errors on their credit reports. On average, these errors can take four months to correct – credit repair takes time!
You’re probably already familiar with the term FICO Score. This number is key for any large purchase as it is the gold standard. A FICO Score is calculated by Fair Isaac Corporation, a 50-year old company that pioneered the credit scoring system. It uses a proprietary algorithm that takes into account your credit files across the three main credit bureaus Equifax, Experian, and TransUnion to calculate your lending risk. If your score is low, you’re not getting the loan. It’s really that simple. Improving your credit score does take time, but it can be done, especially if you have help from the professionals.
We all have the right to good credit and good credit IS possible even after big financial snags. Start the process towards better credit today by writing down your financial goals and turning to Lexington Law for a free personalized credit consultation. Think of it as preparing for a better future for you and your family!