Getting turned down for financing or, perhaps more surprisingly, receiving a high interest rate when you are approved for a loan, is often the first time many people realize they have a low credit rating. Alternatively, sometimes you may realize you have a bad credit score, but may not be fully aware of the effect bad credit can have on your life and your financial future. Poor credit can cause you to be rejected for a car loan, mortgage, the lowest car insurance premiums, or even a job. Bad credit can also result in you getting approved for financing at a much higher interest rate than you were expecting.
If any of these situations happen to you, you may feel hopeless and resigned to your fate, especially when you discover that negative listings on your reports can remain for seven years or more in some cases The low credit score is not short-lived. You may feel that your only choice is to wait out this sentence until the 7 year time limit has expired and these negative items automatically drop from your credit reports.
Lousy Credit Does Not Have to Be a Seven Year Penalty
The good news is, you may not have to wait 7 years for negative information to drop from your credit reports. There are steps you can take today that may result in significant increases in your credit score in much less time. There are steps you can take to legally fix up your credit.
You can research how to fix your credit reports yourself, and risk expending a large amount of energy and time working towards achieving your credit goals. However, you may instead choose to work with a credit correction organization. These professionals have experience performing the tasks involved in improving people's credit.
Credit repair companies work with the credit bureaus and creditors to dispute the questionable negative listings that are included in your credit reports.
Credit correction firms such as Lexington Law specialize in working with consumers to resolve questionable items on their credit report. Since 1991, Lexington Law has been helping consumers take action on their credit. Through participation in services which address issues with creditors as well as the credit bureaus directly, Lexington Law's average clients see 84 percent of the damaging information removed from their credit reports within 1 year. (Individual results may vary).
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Visit LexingtonLaw.com for more information about Lexington Law's credit repair services and to read testimonials from actual clients who have received credit help.
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