Credit Negatively Affecting the Lives of Our Service Men & Women

An increasing number of service men and women are coming home to personal credit crises. Lexington Law®, the nation’s leader in credit correction services, offers solutions.

August 3, 2009 | Salt Lake City, UT | (PR WIRE) Increased foreclosures around U.S. military bases are above the national average according to the Senate Joint Economic Committee. The financial strain on today’s soldiers and their families is three times higher on average than it has been in decades. Lexington Law reports that a percentage of their clients’ credit was damaged while they were in the military. Reasons for damaged credit reported by military members include the use of check cashing fees, payday loan services, rent-to-own services and identity theft. Military families are vulnerable targets for identity theft because they move around a lot, often need quick cash, and their military members are often out of the country. 

“With the high stress level and pressure that our troops are under, there isn’t always time to think about credit, and when you add the constant packing and travel to the mix, things get hectic and oftentimes missed,” says John Heath, Directing Attorney for Lexington Law. “Lexington Law offers credit correction options for military members facing these personal credit challenges. Once a military member sets up a case with us, they are assigned a paralegal that works with them in reviewing their credit profile, identifying items that are questionable, and taking the appropriate legal steps to correct those items. This can be a great comfort to know that no matter where they are relocated, defending their credit profiles and continuing the work necessary to take care of their credit challenges will continue.”

Military members do not have a lot of time to deal with personal issues while they are deployed, and because they can be called into battle suddenly, they might not be able to take care of all the loose ends prior to shipping out. For all military members, Lexington Law recommends taking the necessary steps to protect your credit profile and avoid the suffering that many credit challenges cause. These steps include:

  • Never give out your social security numbers or personal information unless you are certain of the trustworthiness of the person or business requesting this information.
  • Don’t manage your bank accounts online using public computers.
  • Don’t carry your social security card or birth certificate with you while you are traveling.
  • Always know and monitor your credit score and credit profile.

About Lexington Law

Lexington Law is a consumer advocacy law firm with 21 years of experience helping over 1/2 million Americans work to improve their credit. The firm empowers credit success through effective services which leverage consumer rights to legally resolve issues with credit bureaus as well as creditors, assuring that clients’ credit reports are a fair and accurate representation of their true creditworthiness. For details about Lexington Law’s services, attorneys, or statistics visit: www.lexingtonlaw.com.

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