Did you know that you can Remove Bad Credit, Judgments and Charge Offs From Your Credit Report?
Did you know that you can Raise Your Credit Score 50, 100, or Even 200 Points?
Bad Credit, such as charge offs, judgments, and other negative listings can be deleted and removed from your credit report.
The Fair Credit Reporting Act (FCRA) give you the consumer the right to challenge items on your credit report. The basis for that challenge is that they are not "complete or accurate". The law says that once you contact the credit bureau, the creditor has to provide verification that the information is accurate verifiable and not obsolete. Sometimes the credit bureaus need to go further than a simple verification. Here's the important part: If, within 30 days, the creditor has not verified the information, then the credit bureau must promptly delete the credit listing.
The Cost of Bad Credit
If you are making payments on a car, you are probably paying between $5,000 and $9,000 more just for having bad credit. This added interest shows up every month in a higher payment.
The following chart illustrates this:
Bad credit in auto financing can really hurt, It costs even more when you go to buy a home.You may pay between $50,000 and $130,000 more in interest if you have bed credit and try to buy a home.
How to Repair Your Credit
Lexington Law is a law firm that specializes in credit report repair and has successfully deleted negative credit including:
- Charge Offs
- Judgments
- Late Payments
- Repossessions
- Collections
- Bankruptcy
- And More!
