Lexington Law, Author at Lexington Law

Statute of limitations on debt collection by state

REVIEWED BY Lexington Law | August 13, 2024June 5, 2025

Each state places a statute of limitations on debt to limit the amount of time creditors and collection agencies can take legal action against debtors.

Debt validation letter: Definition and how it works

REVIEWED BY Lexington Law | August 13, 2024June 5, 2025

Debt validation is the act of demanding a collection agency prove you owe a specific debt. Learn more about debt validation letters and how they work here.

What happens if you have a bad credit score?: 7 potential side effects

REVIEWED BY Lexington Law | August 5, 2024August 4, 2024

The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure […]

Does a business credit card affect your personal credit score?

REVIEWED BY Lexington Law | August 5, 2024June 5, 2025

Business credit cards may affect your personal credit score, depending on the card. Most card issuers will only report to the consumer credit bureaus if […]

What is a statement credit + reasons you might have one

REVIEWED BY Lexington Law | August 5, 2024June 5, 2025

A statement credit is money credited back to your credit card account, decreasing your balance. It’s usually the result of a return, redeemed credit rewards […]