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Credit Repair Client Case Study #1 - Meet Dave Clabeaux of Tampa, Florida
After a few credit “mis-steps” in college Dave found himself deeply in debt and a with a disaster of a credit history. He quickly discovered that it was IMPOSSIBLE to buy a home with bad credit. The bank even made him feel like a “scumbag” when he asked for a loan. (Click “Play” below to learn how he cleaned up his credit, improved his FICO score, and got approved for a brand new home mortgage.)
After Lexington Law cleaned up his credit reports, the bank changed its tune and issued Dave a mortgage for the “home of his dreams.” Dave credits the attorneys at Lexington Law with giving him a second chance because he is no longer living with the embarrassment of having bad credit.
His credit score was below 500 before he got started, but now is 737!
Credit Repair Client Case Study #2 - Henry Constante of Oakley, California
Henry found himself needing a solution to his credit problems. His wife was unaware that his credit reports contained negative items and he was looking for an effective method to clean up his credit. By filing effective disputes with the credit bureaus, the attorneys at Lexington Law deleted his bad credit. As a result, Henry’s credit score climbed 123 points - from 524 to 647!
Credit Repair Client Case Study #3 - Parker Fillmore of Sandy, Utah
Before enlisting the credit repair services of The Lexington Law Firm, Parker’s credit score was so low that one bank demanded a $750 down payment for a $500 line of credit! Since hiring Lexington Law Parker’s credit reports and score have drastically improved. In fact, today he has no problems getting new credit as bankers are nearly falling over themselves for his business.
Lexington Law Client Case Study #4 - Casey Spencer Rochester, New York
“I had a 60-day late payment and a credit card charge off error on my credit. After getting the run-around from the credit bureaus, I finally hired The Lexington Law Firm. They deleted the late payment as well as the charge off.
Finally! my credit reports are 100% SPOTLESS and my score is 759! I am sincerely grateful for how hard Lexington Law worked on my behalf. ”
Here is a screenshot of my credit score improvement:
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September 5th, 2008
Have you ever unsuccessfully disputed information on your credit report?
Assuming you have already tried disputing bad credit with Equifax, Experian, or Transunion, they likely responded by telling you they performed their “investigation” and the bad credit was “verified” by the creditor - (also known as the furnisher of information).
This usually means the bureaus are NOT going to delete that damaging information and that is will stick to your credit file - possibly for the next seven years.
In the second paragraph of a standard response, the bureaus inform you that you can write a 100-word consumer statement and attach it to your report. It looks like this:
This is where many people write a few paragraphs and explain the reason for the negative information. They typically state the reasons for the default and argue that they deserve to have a better credit score.
It is surely tempting to tell your side of the story and explain why you have negative items on your credit report. There probably is a good reason why you defaulted on one or two bills here and there. Perhaps you were sick or got laid off from your job. After all, why should you be punished for circumstances beyond your control?
The consumer statement sure seems like a great chance to make your case, right?
Not so fast.
Do not be misled by this “opportunity” to explain situation.
The 100 word statement may at first appear like the credit bureaus are doing you a favor. This could not be further from the truth. In fact, the 100-word statement will only make matters worse for you.
Let’s assume that you were to attach a statement like this:
“To Whom it May Concern: I am not a deadbeat like other people with bad credit. I was only late on my credit cards because I was laid off from work. This is not my fault! I got another job as soon as I could and now I caught up on all my bills and have never been late since.”
Being laid off from your job may sound like a reasonable explanation to you and me. Plus, I would give that person “extra credit” for catching up on her bills and staying current since the bad financial spell.
However, the credit bureaus and creditors read such a statement entirely different. They don’t see a good person who went through some brief and unexpected hard times - they see an irresponsible credit risk!
They see a risky person who either is not responsible enough or smart enough to set aside emergency funds to cover basic minimum payments should something go wrong financially.
Attaching a 100-word statement is really bad for three additional reasons:
- Such a statement confirms that Yes – you really were late on those payments.
- The credit bureaus will ignore any future disputes you mail because you already admitted fault.
- Should you apply for new credit in the future; every creditor will see your candid admission that you are not able to pay your bills during times of emergency – and therefore a bad credit risk.
As you can see, attaching a 100-word written statement to your credit report can be very damaging.
In fact, the option is only there because it was written into the original Fair Credit Reporting Act enacted in the 1970’s. Thirty years ago bankers manually reviewed credit applications and read those statements personally.
In today’s electronic financial World, most banks use computer scores and formulas to make their credit decisions. Thus, such a statement only serves as another way for the credit bureaus to ignore your credit report dispute.
In sum, ignore the temptation to tell your side of the story. Resist the urge to “justify” your being late on that credit card bill or car payment. Steer clear of adding the deadly 100-word consumer statement.
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August 5th, 2008
Sharee Hendrix is a former athlete who appreciates the value of teamwork and perseverance. That’s why she is uniquely qualified to work as a credit repair paralegal for The Lexington Law Firm.
Sharee has seen her share of tough credit repair cases.
She has also seen many credit repair “breakthroughs” which is what she enjoys most about her job. She is also thrilled to hear that Lexington Law clients have improved their credit enough to qualify for a brand new car, a mortgage, or simply able to rent an apartment. She specifically recalls receiving flowers one day from a client who just moved into a new home.
She further explains that Lexington Law is more than a quick credit fix. She invests in each client by sharing information about the consumer credit repair laws. This instruction allows people to experience life in a new way as this newly found knowledge allows them to feel empowered against aggressive creditors and collection agencies. Her clients are no longer scared to answer the phone when a creditor calls.
Sharee is one of the over 400+ team members at Lexington Law who are “in it for the long haul.” She will stick with you and help you to improve your credit history as long as you are willing to fight.
To speak with one of the Lexington Law paralegals for *free*, dial 1-888-585-3855.
July 16th, 2008
Meet Angie Caballero
Angie was totally shocked when she applied for a home loan with her bank. She had not checked her credit reports in a while and discovered that multiple creditors and collection agencies were listed on her credit file. Her debts had been bought and sold several times and some of the creditors had changed their name several times. As a result, there were many negative items being reported to the credit bureaus.
This was quite a chaotic and confusing time for Angie. Neither the bank nor the credit bureaus would explain what all the bad credit meant for her - or what she should do next.
Angie is glad she contacted Lexington Law who took the time to explain all the details about her credit reports. Plus, unlike the banks and credit bureaus, Lexington Law did not judge her for having a poor credit report.
She explained that people often feel hopeless even though bad credit is often the result of things beyond their control. Often people end up with bad because…
- they get sick
- the lose their job
- they get divorced, or
- they simply make poor choices
For Angie, once she signed up for Lexington Law, she began seeing items deleted from her credit report. Soon after, there were many negative items that Lexington was able to delete.
She describes the empowerment that you feel once you take control of your credit report. Better credit has opened doors previously closed to her such as purchasing a new home or a nice car.
For a free consultation, call 1-888-585-3855 (toll-free)
June 19th, 2008
In the video below Lexington Law Firm Paralegal Kari Eskelson talks about how each client believes he or she has the World’s worst credit. Kari sympathizes with each client as there are always unique reasons for his or her need for credit assistance.
This experience helped Kari develop the ability to effectively evaluate each client’s case and then execute effective credit repair methods. This approach is consistent with Lexington Law Firm’s practice of providing personal attention, respect, and passion to every client.
June 10th, 2008
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