Back in India if you ever needed a loan, you would reach out to your uncle's friend or even your friend and bam-you'd have your loan! Word of mouth, goodwill, and your personal rapport with the lender did what was needful. If not a personal loan, the bank would ask for a guarantor and your loan request would get approved. But here in the US if you need a loan; the bank would ask for just one thing- CREDIT SCORE!
For all my international readers-a credit score is a number between 300 - 850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history which is the number of active accounts, debt, and repayment history. Lenders refer to this credit score to determine how much credit the borrower can be apportioned, at what interest rate, and how fast he or she would be able to repay. One needs to maintain good credit for any kind of loan-student, house mortgage, car, and credit cards.
Hubs and I have been very prudent and have always maintained a good credit score. As immigrants we did face a lot of trouble building a credit history as we couldn't own credit cards for a very long time. But as soon as we were able to we adhered to the rules of the GOOD CREDIT SCORE GAME. We paid our bills on time, we never overindulged, we invested wisely, and did all that was in our power. But life happens, the unforeseen happens, people fall off the wagon and fail to maintain a good credit report.
A derogatory remark by a creditor on late payment can seem harmless but in the long run it can harm your credit score by showing up on your credit report for a good seven years. The current economy might not be ideal but the mortgage interest rates are at an all-time low-a silver lining out of all the crisis. This is the time to renegotiate your interest rate with your lender. But to benefit from these offers you have to have a credit score in good standing. Enter the credit repair guru-Lexington Law firm.
Lexington law is a trusted leader in credit repair. Lexington Law is the oldest and most respected name in credit repair, and the only player in the category with the legal experience and technology to both advocate and drive results for consumers.
Credit repair is the process of identifying and addressing unfair, inaccurate or unsubstantiated negative items on a consumer's credit report. Lexington Law's proven process helps hundreds of thousands of people work to repair their credit every year. Lexington Law believes that you have a right to a fair, accurate, and substantiated credit report. Lexington Law can navigate the credit repair process by harnessing their knowledge of the law to fight for their clients' rights to good credit.
- Lexington Law has their own proprietary app, which means round the clock access to best-in-class information.
- Lexington Law has long-standing relationships with all three of the credit bureaus: Equifax, Experian, and TransUnion. They work closely with the credit bureaus to flag and work on any errors that might show up on your credit report.
- Lexington Law is a CROA (Consumer Credit Protection Act) compliant organization. This means it is regulated extensively with auditors and regulators. Just as one would hire a CPA or MD to manage their taxes or health, consumers should demand nothing less from their credit repair partner.
- Good credit means peace of mind and when you have peace of mind you are able to enjoy little things in life and Lexington Law can help you get that peace of mind.
If you're looking to improve or repair your credit, look into Lexington Law Firm today! It's so important to have good credit, and they can help you work to make your dreams a reality.
Congratulations to Alison of Mid Life and Beyond, she is the featured blogger of the week.
Now it is your turn to are your favorite looks.
