Can questionable, bad credit be deleted?

Can credit repair companies be trusted?

How much does bad credit cost?

Does paying off past-due accounts neutralize their negative status?

Will deleted items just reappear on the credit report?

Are items such as bankruptcies and foreclosures impossible to remove?

Should consumers try credit repair on their own?

Does bankruptcy wipe the slate clean for a second chance?

Do creditors bother to read the 100-word statement?

Can changing one's SSN or EIN tax number help credit matters?

Does enough good credit offset any bad credit?

Does the CCCS help consumers restore credit?

Do negative items have to remain listed for 7 years?

What is the Fair Credit Reporting Act (FCRA)?

How much does bad credit cost?

As you consider retaining Lexington Law you would do well to look at the price you are already paying for bad credit. Below are just a few examples of the cost of bad credit.

Credit Cards
Most if not all prime credit cards are entirely out of reach to consumers with bad credit. And the few credit cards that are available to them (known as "sub-prime" cards) typically require high setup fees or recurring monthly fees, offer very low credit lines, often require cash deposits, and in most cases do not even report your positive credit activity to the credit bureaus.

Automobile Financing
If you are making payments on a car, you are probably paying between $5,000 and $9,000 more just for having bad credit. This added interest shows up every month in a higher payment. Take a look.

$20,000 car paid over 5 years:
CREDIT STATUS	RATE	PAYMENT	COST OF BAD CREDIT
Perfect Mildly Damaged Damaged	10% 14% 20%	$424.94 $465.37 $529.88	$0.00 $4,722.54 $8,593.30

Home Mortgage
Bad credit in auto financing can really hurt, but it is nothing compared to the cost of bad credit when a home is involved. A typical home can cost between $50,000 and $130,000 more in interest if you are buying the home with bad credit.

$100,000 home paid over 30 years:
CREDIT STATUS	RATE	PAYMENT	COST OF BAD CREDIT
Perfect Mildly Damaged Damaged	7% 9% 12%	$655.30 $804.62 $1,028.61	$0.00 $50,155.24 $130,791.63