How To Repair Bad Credit
If you have bad credit, you know that it can easily ruin your life!
Bad credit can prevent you from doing a number of things, including borrowing money for a home or a car. Because it can truly affect your standard of living, it’s crucial to determine a strategy for bad credit repair.
What is Considered a Bad Credit Score?
A bad credit score, and need for bad credit score repair, can be determined by one’s FICO score. (Your FICO score is a numerical rating of your credit history).
A “bad” FICO score is considered to be a score between 500 – 580. If your score falls in this range, then it is definitely time to starting to fix your credit! And, congratulations! By reading this it is obvious you have already taken the first step!
Is it Legal to Repair Bad Credit?
Of course! Bad credit repair is legal and possible. While bad credit score repair takes patience and perseverance, it can be done.
For example, below is the true story about how Dave C. repaired his credit reports:
“While I was in college, I ran up my credit cards and acquired a lot of unmanageable debt which destroyed my credit rating. About a year and a half ago when I went to try to buy a house, the banks laughed at me and made me feel bad about what happened in college, even though it really wasn’t all my fault.
I knew that I had to fix my credit but didn't know how to do it myself so I went to Lexington Law. Now, literally within several months, I was able to purchase a $300,000 new home without any trouble at all obtaining a mortgage.”
-Dave C. (Lexington Law Client)
Tampa, FL
Of course Dave had a lot of help along the way. Nonetheless, the point is that it is both legal and possible. Don't be misled to believe anything else.
Causes of Bad Credit
Bad credit can be created by a long list of things including having negative marks on your credit including collections, late pays, repossessions, charge-offs, bankruptcy, and judgments. In many cases, individuals find themselves with bad credit report because of a life-altering occasion in their life, such as medical problems, identity theft, job loss, mistaken identity, divorce, etc.
What Should I Do First to Repair my Bad Credit?
First and foremost, you must remove questionable negative marks off your credit report. When negative marks are removed, you are repairing your bad credit and helping your credit score increase.
You can do it yourself by writing letters. You will need to write three separate letters - one to each credit bureau - disputing any questionable bad credit information. Start by getting a copy of your credit report and see if there are any negative entries that do not actually belong to you. Mistakes on credit reports are very common occurrence, and should be taken seriously, especially if you are attempting bad credit repair. Trying to remove mistakes can be cumbersome and time-consuming. You must write letters to each credit bureau with an explanation of why you are requesting the mistake be removed.
If unsuccessful, you will then need to contact the creditor directly and either negotiate for a better listing (or deletion). Finally, credit repair may involve using the debt collection laws to validate a debt and erase it from your credit report.
Or, like you can join Dave C., and enlist the services of a credit repair law firm for credit report repair. By working with a firm that has experience will allow you to achieve optimal results, with a minimum time effort.
Most Damaging Bad Credit Items
Deleting bad credit items such as charge offs, repossession, or even late payments to your credit card can often be a frustrating process. You may want to consider hiring an affordable credit repair attorney who can take care of the whole process on your behalf. The Lexington Law Firm has helped over 1 million clients delete bad credit and improve your financial future.
"I just want to share with you my story about how my credit situation. If you are someone struggling with bad credit, then I was walking in your exact same shoes...
And today - if you look behind me - this is the house that I bought.
So, obviously my credit situation has changed.
Basically, while I was in college I ran up my credit cards and acquired a lot of unmanageable debt which destroyed my credit rating.
About a-year-and-a-half ago when I went to try to buy a house, the banks laughed at me and made me feel bad about what happened in college. (They basically implied that I was a deadbeat SCUMBAG even though it really wasn't all my fault).
I knew that I had to fix my credit, but didn't know how to do it myself so I went to Lexington Law.
Now, literally within several months, I was able to purchase a $300,000 new home without any trouble at all obtaining a mortgage.
So instead of going into banks with bad credit and being looked at as a scumbag, the banks were more than willing to help.
In fact, when I applied for my mortgage and the banker ran my credit, he came back and was saying...
"Wow! Sure thing sir. We'd love to help you out."
Lexington Law literally changed my life.
I went from being the person who has bad credit to being the person who is living in what I consider my dream home at age 29.
I had basically every kind of negative listing shy of a bankruptcy.
Lexington Law has raised my credit score at least 237 points. I just checked my FICO score which is now a 737. When I started with Lexington Law, it was below 500!"
I encourage anyone struggling with bad credit to pick up the phone and give Lexington Law a call.
It was super-encouraging to see my credit score improve each month as the negative items were deleted from my credit reports. I thought some of the bad credit was permanent since creditors misled me into believing that delinquent information would stay on my credit report for the next seven years.
However, through their dispute process and "goodwill interventions," Lexington Law proved it is possible to remove any questionable negative item. (it is the same as pleading 'not guilty' in a court of law).
Additionally, the paralegal assigned to my case showed me other credit rebuilding techniques such as:
Deleting the negative credit items like charge offs and the credit card judgment, combined with the credit rebuilding techniques, rapidly improved my credit score. In fact, in month two my score went up 74 points!
After living with bad credit for so long, it was really encouraging to see that I was making progress in the right direction.
Not only did the attorneys at Lexington Law show me results, they also provided excellent customer service along the way. If you are someone who enjoys that "personal touch", then you may like how Lexington Law assigns a paralegal to your case.
My paralegal (Stephanie) was always available to discuss the status of my case over the phone and email. Even though I didn't expect or ask for it, my attorney would also periodically give me a call to check in.
Here are some strategies Lexington Law used to delete the really stubborn bad credit - such as the credit card judgment:
You can also access you case online anytime you like. (I enjoyed logging in just to see all the deletions!)
If you are struggling with a bad credit score because of negative credit items, then I truly hope that you start repairing your credit today. I know how humiliating bad credit is and I know how easy it is just to 'sweep it under the rug' and pretend it will go away on its own.
I realize that your situation is probably a little different than mine, however, Lexington Law has already deleted questionable charge offs, a credit card judgment, late payments, collection items, and inquiries from my credit report and raised my credit score to a 737!
Here is a shot of my credit score online last month -:
To get started repairing your credit, call Lexington Law today direct at:
1-800-232-2903 (toll-free)
www.LexingtonLaw.com
Or, if you want a Lexington Law paralegal to call you, click here.
