As 2013 comes to an end, you may be ready for a fresh start and a fresh look at credit repair. Before making any New Year’s resolutions, take a look back at our most popular blog posts this year. What you find will help you strengthen your credit repair efforts in 2014. continue reading “Top 10 Credit Repair Articles Of 2013″ »
News, Information, and Perspectives on Credit Repair
Is patience really a virtue? When it comes to credit scoring, the empirical answer is yes. A study published by the Association for Psychological Science found that impatient people are more likely to have lower credit scores. Researchers recruited 437 volunteers with similar financial backgrounds to participate in the study. Each volunteer was taken through their annual tax preparation and given a choice between an immediate, small return, or a larger return in the future. Participants who were unwilling to wait for the larger reward had the lowest credit scores.
Behavioral science has taught us the value of waiting for gratification and the correlation between impatience and loss. If you’ve ever heard of Walter Mischel’s marshmallow experiment, you understand why waiting is difficult, but ultimately worthwhile (view an example here).
So, what can we learn from these studies when it comes to personal finance and credit repair? Impatience has the power to damage your finances in many ways, including: continue reading “Patience and Credit Repair: What Can We Learn?” »
You don’t have to be a financial guru to understand the importance of credit repair. If you look hard enough, you’ll find examples in the unlikeliest of places. I discovered a recent example during a trip to buy furniture. While my initial goal was to furnish my home, what I found was the perfect metaphor for the struggles facing every consumer on a daily basis: the pressure of high prices, temptation from outside forces, and the need to budget effectively. Take these lessons with you the next time you’re faced with a challenging financial decision. Their morals apply to more than furniture. continue reading “Credit Repair Lessons Learned in a Furniture Store” »
Despite a high unemployment rate, there are still plenty of workers who have seen the shinier side of the job coin. Congratulations if you are among the lucky few who have enjoyed steady and even gainful opportunities in your career. Security and satisfaction are perks to enjoy, but don’t get too comfortable yet. Maintaining your good fortune requires a healthy dose of common sense. Read on to learn about the common side effects of financial satisfaction—and the dangers they can pose to your credit score.
Many renters have felt the sting of a lazy or negligent landlord, the guy who waits two weeks to change the light bulb in the hallway or fix a leaky faucet. In most cases, this guy can be overlooked with an ounce of annoyance, but when the stakes are higher, a cheating landlord can pose a real threat to your credit score. Be wary of these items when renting your next property. Learning what to avoid will help you keep your finances and your credit in safe territory. continue reading “Credit Repair and Cheating Landlords—How to Protect Yourself” »
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*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 will vary. **The number of items removed represents the combined removals for all three credit bureaus. For example, if a single questionable negative item is removed from all three credit reports, it is counted as three separate removals. REF# Confirm