Video Segments to Unravel Consumer Credit Myths
SALT LAKE CITY, UT – (PR Web) April 16, 2014 — Today, Lexington Law launched a first, for the credit repair industry: An educational video series for consumers regarding their credit reports and credit scores. The firm is the nation’s leading credit repair services provider.
Credit in a Minute, a reoccurring video series featured on Lexington Law’s YouTube channel, provides quick takes about critical topics, and is hosted by noted consumer advocate Dr. Randy Padawer, whose groundbreaking work in ethical credit repair has been featured by Lexington Law, The Motley Fool, Smart Money Magazine, and other consumer focused organizations.
“When it comes to credit reporting and scores, consumers always manage to hear the same old tired mantras,” Dr. Padawer said. “Sadly, most of this stuff isn’t even true, including myths that suggest that the system is designed to help you, or the notion that credit scores are fair and easy to understand.
“Even more confusing for consumers is the question of whether reaching out for help is a good or bad thing for them to do,” he added. “Consumers are routinely warned that credit repair is something they should only do for themselves, even though the applicable consumer protection laws can be difficult to comprehend.”
Padawer noted the Credit in a Minute series cuts through these kinds of misconceptions and instead aims to expose the roles of abusive creditors, exploitative debt collectors, and overwhelmed credit bureaus.
In that regard, the first featured video discusses the sometimes-difficult interplay between consumer privacy rights, health issues, and unfair credit reporting. “Consumer privacy is not open season,” Padawer warns in the segment. “Just because something is true, that doesn’t mean that everyone is entitled to know all about it.”
About Lexington Law
Lexington Law is a consumer advocacy law firm with decades of experience, helping hundreds of thousands of Americans work to improve their credit. The firm comprises the largest network of credit repair professionals in the U.S., employing a growing staff of 26 attorneys and 200+ paralegals/agents across 19 states. By leveraging consumer rights to legally resolve issues with creditors and credit bureaus, Lexington works to ensure that client credit reports are fair, accurate, and substantiated. For details about Lexington Law’s services, attorneys, or statistics visit: www.lexingtonlaw.com.