We field thousands of excellent consumer questions every month. Clients want to know far more than the credit companies disclose regarding credit scores, credit reports, and how they might conduct their financial lives to improve both of those. In case you may have missed some of what we’ve covered in that regard here in the Lexington blog, we’ve put together a list of our “greatest hits” that may just comprise the information you’re seeking. Have a quick look:
1. What’s on Your Credit Report? Tackling credit repair requires all the facts, and learning how to read your credit report is Step One. Our credit repair services offer a free line-by-line evaluation of your information, allowing you to spot the problems in your own credit reporting and gain greater insight into your financial life. Read more.
2. How is My Credit Score Calculated? While it may seem arbitrary, credit scoring by The Big Three is actually determined by five distinct factors. A combination of your history, debt, reliability, new credit, and account diversity decides your scoring fate. That’s why it’s important to give each factor the attention it deserves. Read more.
3. Credit Reports and Collection Agencies: How to Combat Outdated Information. Countless people suffer from bad credit at the hands of unfair collection agencies. Unsubstantiated information and debt re-aging are among the culprits in this crime. Don’t be complacent when it comes to collection agency abuse. Fight for the credit you deserve. Read more.
4. Can’t Make Payments? What You Should Do. The economic recession has been difficult for many families, resulting in missed payments and plummeting credit scores. Despite financial hardship, not every blunder should result in a ruined reputation. First, there are ways to protect yourself. Second, the credit companies must follow the rules of credit reporting, or they can’t do it at all. Read more.
5. Five Reasons to Say ‘No’ to Cosigning. When times are tough, many people turn to their friends and family for help. Although cosigning may help your loved one secure a loan, it’s not the only way to show your support. Consider the downsides and your own credit repair efforts before offering your signature. Read more.
6. Lower Your Credit Utilization: Tips and Tricks. Credit utilization is a frequently overlooked aspect of credit repair. While you may have manageable debt, the amount you owe vs. your total credit limit could be dampening your credit scores. Our credit repair services teach you how to maintain a healthy balance, ratios included. Read more.
7. A History of Consumer Rights and Improvements. The evolution of consumer protection is a fascinating and important process. Gaining knowledge about the laws that govern credit repair is a great way to see your financial life from a new perspective and assert yourself when necessary. Learn more.
8. How and Why Credit Impacts Employment. Unemployment surged to record highs during the recent economic troubles, making it imperative to leverage every possible competitive edge in the job market. Unfortunately, your credit history is a factor in the hiring process in most locales, and your score could make or break your employment chances. Learn more.
9. Student Loans and Credit Scores: Three Things to Consider. Student loans seem to always be among the many issues raised during difficult economic times. Rising education costs and limited federal assistance sometime force students to confront a dismal selection of exploitative private lenders. Despite the benefits of education, taking on a mortgage-sized debt poses a lasting threat to young Americans. Read more.
10. Three Steps to Lowering Loan Interest Rates. The recent recession did afford one small benefit: lower interest rates. Those with good credit scores have been able to cash in on refinancing options and bargains within the world of lending. For that reason, if your credit is less than perfect, consider pursuing credit repair before the market rebounds—a lower rate could save you thousands in the long run. Read more.