Are you above 700?
Generally a good credit score is any number above 700. And if you’re asking, you might have been turned down for credit or a loan recently or perhaps offered a very high interest rate. Did you know that a bad credit score can also affect your career? Prospective employers can run your credit report and decide you are not a responsible person and choose to not hire you. If your credit score is between 350 and 699 it’s going to cost you.
Payment history
Your payment history is a huge factor when Equifax, Experian and Trans Union are calculating your credit score. Making late payments or not making payments at all are very derogatory marks on your credit report. Make sure that all delinquent accounts are valid. Payment history weighs heavily on your ability to buy a car or a home. It can even affect your ability to secure school loans. If your payment history is checkered be sure to pay your current bills on time now! This will help to fix your credit.
Age of credit history
Another factor affecting your credit score is the age of your credit history. Managing to pay cash for everything until the age of 35 is probably something you’re proud of but lenders won’t celebrate with you about it. To them, you look like a risk. How can they gauge if you’ll repay your loan or credit card if you’ve never done it before? If you don’t have much of a credit history, change that. Obtain a secure credit card. Make small purchases and not only pay the bill on time but pay the balance each and every month.
Type of credit
Do you have a couple of high interest credit cards? How about a car loan or two? Did you cosign a car loan for a friend? You might be an authorized user on a family member’s credit card and not know it. Any personal loans? A home loan? A few mortgages? Timeshare? Boat? The type of credit you have also contributes to your credit score. If possible, eliminate risky, high interest loans and credit cards.
What should I do?
You should absolutely find out what the top three credit bureaus have determined to be your credit score! If you’ve read this article and feel doom and gloom about some of the things that can hurt your credit score mentioned above, don’t. All is not lost. Your credit score is your responsibility and you owe it to yourself to come face to face with the truth. If you find that you have a credit score below 700 it might be wise to employ the service of Lexington Law Office. They are non-judgmental professionals that know exactly how to help you repair your credit score.
"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)
Or, if you want a Lexington Law paralegal to call you, click here.
