How a Lengthy Credit History Can Improve Your Score

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Debt is a dirty word, for millions of Americans, and yet, the average household depends on it for survival. Despite the negative connotations, did you know that owning a mortgage, auto loan and/or student loan can actually help your credit? Surprising, but true. Long-term debts have the ability to improve your credit scores by creating:

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What to Do If Your Child’s Identity is Stolen

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As a parent, protecting your children is your first priority, but it isn’t always easy. Sometimes danger can take unexpected forms. While you may think about keeping them safe when crossing the street or climbing a tree, have you thought about keeping their identity safe from thieves? If you haven’t, perhaps you should.

Each year, an estimated 1.3 million children are victims of identity theft, and half are under the age of six. Cases include things like using a child’s name or Social Security number to apply for loans, rent or buy property, or open credit accounts. And you may not even notice until years later when your child tries to apply for student loans or get a car loan. However, if you’ve discovered your child’s identity has been stolen, here’s what you should do.

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5 Ways to Protect Yourself Against Identity Theft

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Identity theft is a common problem in a culture that thrives on connectivity. According to a recent study, 13.1 million consumers lost a combined $15 billion to identity theft last year. While it seems impossible to avoid the widespread threat, there are a few best practices to ensure your credit safety:

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Bankruptcy: To File or Not to File

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Disclaimer: As trusted leaders in credit repair, Lexington Law Firm is a consumer advocacy firm with a focus on helping consumers repair their credit. Lexington Law does not practice other specific areas of law, and any information provided on this blog is strictly for informational purposes. Please consult with an attorney in your state to determine what may be applicable to your individual situation.

Bankruptcy. A creditor detests it, until in need of its protection. A debtor avoids it, until it’s often too late. It is so easy to avoid planning for a bankruptcy until you are suddenly faced with that difficult choice due to your credit situation. For in bankruptcy, judgment day — in a strictly legal sense — may literally arrive ever so unpredictably as the result of a fleeting former lifestyle. To help you in your journey, this article will address some important factors to consider in determining whether or not bankruptcy would be applicable to you.

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Continuing to Improve Your Credit Score After Credit Repair

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This is a guest post from BadCredit.org. 

When your credit scores are bogged down by inaccurate information, credit repair is a great way to clean up your report, and potentially improve your credit scores. If the mistaken accounts were the only blemishes on your credit history, you can now enjoy a happy financial future (assuming you continue down the right credit path, of course).

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