According to previous credit bureau employees, the American credit reporting system is broken and no one is bothering to fix it.
The wealthy have much more power than the poor or middle income population. The credit repair lawyers are trying to help the average person by making tools available to them that were formerly only available to the rich. Lexinton law credit repair service is just one of the credit repair lawyers trying to make credit repair affordable for everyone.
Bad credit is expensive. For many years, the average person could not afford to pay credit repair lawyers to help them muddle through the bureaucracy that is the credit bureau. Now, companies like Lexinton law credit repair allow people from all walks of life to repair their credit reports and pay less interest.
Many people question the whole idea of requiring those people with lower credit scores to pay higher interest rates. The system seems to favor the rich, which is true of most American systems. The information contained on one’s credit report is private information and companies should not be able to sell it. But, the credit bureaus do it every day.
Credit repair lawyers will tell you that you are not required to live with bad credit. Credit scores can be improved by removing negative items. These items must be unverifiable, obsolete, inaccurate or misleading. Lexinton law credit repair and other credit repair lawyers do not recommend that you dispute information which is accurate. They do not recommend that you make false statements on credit applications or attempt file segregation. These actions are illegal. Lexinton law credit repair and other reputable credit repair lawyers will not recommend any action which is illegal.
You may have heard that only time will repair bad credit. This is not necessarily true. Time may not correct bad credit. You may find after waiting patiently for years that your credit is still not good enough to qualify for the best interest rates. This is not fair. Lexinton law credit repair and other credit repair lawyers are not as expensive as you think and the longer that you wait, the more interest you will have to pay.
At one time, the credit bureaus would not even allow people to view the information stored on their credit reports without paying a fee and even now that the Federal Trade Commission has forced them to provide easier access, the information is incomplete. They release your personal information to lenders everyday, but when you ask for it, they release it only grudgingly. They do not tell you the full story. You can not find out what your FICO score is without paying for it and this is the only number that many lenders look at. If you have tried to have negative items removed from your credit histories and failed, don’t give up. Hire Lexinton law credit repair or another of the many reputable credit repair lawyers. It does work and it is worth it. By: PATSY ROSE