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If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
Lexington Law is headquartered out of Salt Lake City, Utah. They are a credit repair firm.There are 400 employees 22 of which are credit lawyers. They have been operating for over 17 years and have served 1/2 million people. They dispute negative items on your credit.Is it legal?Yes, it is not only legal but it is your responsibility. The Fair Credit Reporting Act gives you the right to dispute any item you feel is not accurate on your report. In addition this law says that the bureaus must remove an item that is not verified by the creditor.How will it work?You forward a copy of your credit reports to Lexington. You also indicate what items you want them to dispute.Then Lexington will create a dispute letter on your behalf and send it to each credit bureau. Then you will receive notification from the bureaus regarding the disputed items and if they were verified by the creditor or if the bureaus removed the item from your report. You then forward these updates to Lexington. How long does it take?This will vary depending upon how many items you wish to dispute. However you should expect a minimum of 6 months and a maximum of 12 months.What is the cost?They offer three levels of service, and you will be responsible to pay an account set up fee of $99. The prices on the services are; $39, $59, and $79.Can I do this myself?Yes, you actually should dispute you credit if you have minimal damage. To dispute you credit you must create a dispute letter and send it to each bureau.Once the bureaus get your letter they will investigate. They will contact the creator of the negative item and ask them to verify the account, the dates of delinquency, and the balance. If the account can not be verified then the bureaus must remove the item from your credit.What else can I do to improve my score?We suggest you open a revolving line of credit. By making on time monthly payments you will create a positive payment history. This is weighted almost as much as negative items on your report when your score is calculated.In sum you can repair a low credit score. By building a positive payment history and removing negative items you will improve your score. Article Tags: Negative Items
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