Credit
[kred-it] n. Provision of resources granted by a lender in which the receiving party does not immediately reimburse the lender and instead agrees to repay the lender at a later date, often times in an amount greater than the initial debt.
Credit by itself simply refers to a situation where something of value such as cash, a home, or a vehicle is given in exchange for a promise of payment. When most people think about the term credit, however, they think of a credit rating and whether they have good credit or bad credit.
In today's credit driven society, credit is necessary because people rarely have the immediate cash available to make large purchases such as a new home.
The ability receive credit is predicated on your credit rating and the more responsibly you have managed credit in the past, based on a lender's assessment of your credit history, the more credit your can qualify for and the less you will have to pay in interest rates.
When your credit score is low because of questionable negative items in your credit reports, you have the right to dispute these items. For 17 years, Lexington Law has helped clients work towards a fair an accurate credit score by helping them take advantage of this right.
FAQ: How can bad credit be repaired?
FAQ: What is the Fair Credit Reporting Act (FCRA)
Credit by itself simply refers to a situation where something of value such as cash, a home, or a vehicle is given in exchange for a promise of payment. When most people think about the term credit, however, they think of a credit rating and whether they have good credit or bad credit.
In today's credit driven society, credit is necessary because people rarely have the immediate cash available to make large purchases such as a new home.
The ability receive credit is predicated on your credit rating and the more responsibly you have managed credit in the past, based on a lender's assessment of your credit history, the more credit your can qualify for and the less you will have to pay in interest rates.
Credit and your credit reports
Because your history of using credit plays such a big role in your future ability to get credit, it is in your best interest to make sure your credit history gives lenders a fair impression of you as a debtor. Since the vast majority of lenders use your credit reports as a record of your credit history, this involves making sure your credit reports are free from errors and bias.When your credit score is low because of questionable negative items in your credit reports, you have the right to dispute these items. For 17 years, Lexington Law has helped clients work towards a fair an accurate credit score by helping them take advantage of this right.
More information about credit
The cost of bad credit - online calculatorFAQ: How can bad credit be repaired?
FAQ: What is the Fair Credit Reporting Act (FCRA)
Client Results
As the leading firm in credit report repair, Lexington Law assists our clients in the removal of over a thousand questionable items from credit reports every single day.What kind of questionable negative items can be removed from reports?
Listed below is a partial list of the types and number of items our clients removed last quarter:**Bankruptcy
2,186
Charge Off
29,700
Collection
73,827
Foreclosure
678
Incl. in Bankruptcy
10,237
Judgment
6,928
Late Payment
38,128
Lien
4,236
Repossession
1,170
Settlement Accepted
4,029
*Important: While the testimonials and other information on this website may be exciting, Lexington Law promises only to perform the steps we've agreed to in each client's case and to charge each month only for steps already completed. As with any legal work, no outcome is promised. Your results may vary.
“This is just to tell you how pleased I am with the service your organization has provided for me. My credit reports were a mess before we started and
they really have taken shape. My client advocate has been extremely helpful. I will definitely recommend your services to others.”
— R.S., Lexington client*
(Your results may vary)
— R.S., Lexington client*
(Your results may vary)
© 2009 Lexington Law™ All rights reserved. John C. Heath, Attorney at Law, PLLC. The services of Lexington and its affiliates may not be available in all states. Lexington Law is a group of law firms that may also be referred to throughout this site as "Lexington," "Lexington Law Firm," "we," "us," or "the firms". The number of items removed represents the combined results of the group. Terms of Use were last updated on 02/24/2006. Privacy Policy was last updated on 02/24/2006. // 1.0.1