Bad Debt Removal
Bad debt removal can dramatically improve your credit score. Bad debt
on a credit report seriously lowers your credit score. With Lexington Law Firm, you can legally
remove bad debts from your credit report. In this
case, we are referring to charge offs.
How does a low credit score affect you? When dealing with most lending institutions, if your score falls below a certain predetermined number, you may only be able to qualify for a loan with a high interest rate.
In contrast, a healthy credit score of 680 or above can help you qualify for low interest rates on home loans and car loans. If you are considered to have a good or excellent credit rating then you can save 10's or 100's of thousands of dollars over the life of your loan.
Your credit score not only has an effect on your mortgage and car loans, but it can influence your credit cards, bank accounts, cell phone usage, and even your employment. It makes sense to ensure that all information is current and completely accurate. It's you who pays for mistakes on your credit reports.
Read more about how bad debt affects you in our informative article in our Credit Repair Articles. Learn how you can remove charge offs and remove bad debt from your credit report here. Take a look at our sample Dispute Letter as well, and see how you can start taking control of your credit history.