On July 18th the dotCOMM Awards announced that the Lexington Law App won a Gold award. Lexington Law, and other early deadline winners in the 2018 international awards competition, were honored for their excellence in web creativity and digital communication.
Credit Repair Blog
If you are an avid shopping enthusiast, you may be familiar with the terms “price adjustment” and “price match.” A price adjustment can occur when a retailer lowers the price of an item after the buyer already paid for it at the original price. The buyer can ask the retailer to refund the difference between the original price that they paid for the item and the recently adjusted price. A price match occurs when a retailer offers to match the price of an item to reflect the lowest price advertised by another retailer.
It has been 10 years since the real estate market crash of 2008, and the market has never fully returned to its pre-crash glory. Home ownership was at an all-time high in 2004, just four years before the worst economic recession since the Great Depression, to which a volatile real estate market contributed. The oldest among the millennial crowd were only moderately affected by the real estate bubble, as many of them were not financially prepared for home ownership at the time of the recession anyway.
In December 2017 America owed a total of $834 billion in credit card debt alone — a 7 percent rise from 2016. When other sources of revolving consumer credit are included Americans owe a total of $1.027 trillion as of March of 2018. The outstanding revolving consumer credit is growing at a staggering rate and has surpassed revolving credit owed during the 2008 Great Recession.
Luckily, credit card default rates are down from the 6.7 percent peak during the Great Recession, but a large amount of revolving debt is not a good sign for the future. As 48 percent of credit card users make minimum payments on their credit cards and have an amount roll over to the next month, their total credit debt will become hard to pay off.
Our clients saw over 4,800,000 negative
items removed from their combined credit reports last year.