Frequently Asked Credit Repair Questions
Can credit repair companies be trusted?
Many credit repair companies are fraudulent and practice illegal credit repair methods. Any credit repair guarantying that they will fix...
If I pay off a past-due account, such as a charge off or a collection account, will that repair my credit?
Paying off a debt will not increase your credit score very much. Negative credit items may stay on your credit report for at least seven years. Knowing how to negotiate and have these negative credit items removed...
If I succeed in removing a negative item, will it come right back on my credit report?
This is a tactic the credit bureaus employ to try to discourage credit repair. This tactic is known as a "soft delete" where a negative credit item on a credit report...
Are there negative listings, such as bankruptcies and foreclosures, that are impossible to remove from my credit report?
The severity of the negative credit item on a credit report doesn't necessarily have anything to do with the difficulty in removing the bad credit item from the credit...
I've heard that disputing the credit report is easy and any person can do it himself for the price of a few postage stamps. Is that true?
Disputing negative items on your credit report is easier today than ever, especially with new laws allowing consumers to obtain free annual copies of their credit reports from the big 3 credit bureaus. But fixing a credit report and improving a credit score can be a lot like...
If I declare bankruptcy, can I begin my credit report all over with a clean slate?
Bankruptcy can be an end-all to a credit report. Before declaring bankruptcy it's imperative to know how it will effect your credit report...
Can I file a "100'word statement" on my credit report explaining my side of the story and will creditors read my statement and take it into consideration?
Typically a lending institution will not look at the credit report when deciding whether or not to lend credit. They are more interested in the credit score that the borrower currently maintains and the "100 word statement" would only...
By changing numbers in my social security number or by using an EIN tax number, can I fool the credit bureaus into creating a completely clean, new credit file under my name?
Many unscrupulous credit repair companies incorporate a method known as "file segregation". This method involves establishing a new line of credit under a new Social Security number or (EIN) Employer Identification Number. This credit repair method is illegal and should not be considered when fixing bad credit. Legitimate credit repair...
Can a Consumer Credit Counseling Service help me repair my credit?
Using the services of a Consumer Credit Counseling program can actually have an adverse effect on your credit report and credit history. Learn why using this type of credit repair service could be a bad choice when...
Why is it so common to hear that bad credit can't be repaired?
Credit bureaus don't want consumers to know that credit repair is possible. But we're here to set them straight. With over one hundred thousand negative items on consumer credit reports removed within the past two years, Lexington Law has...
What does the law say about repairing your credit?
Federal law statutes that pertain to credit repair bureaus and credit repair agencies. How attorneys can fix low credit scores by removing outdated and erroneous marks on credit reports...
What is the truth about credit repair companies? Can they really do what they say they can do?
Any credit repair company that guarantees a perfect credit rating or guarantees to deliver a perfect credit score is not telling you the truth and should be completely avoided. Every credit report presents unique challenges and difficulties that a legitimate credit repair agency will need to address in order to...
How do you go about completely repairing your credit and getting new credit lines, mortgages, etc.
Removing negative credit marks on your credit report is an essential first step to fixing a negative credit report. This first step includes obtaining a free credit report from each of the big 3 credit bureaus: Experian, TransUnion and Equifax. These credit reports will...
Can you add good credit to your credit report by having another person add you as an authorized user to one of their credit cards?
An authorized credit user is when someone with a good credit history and credit score allows someone, who does not, to be added to their credit card as a secondary user. Credit bureaus view this similar to a secured credit card scenario, whereas by adding this person will help build a positive credit rating...
Can Consumers Fight Back Against Credit Fraud?
Consumer credit fraud, identity theft can ruin your financial life! Know if you are at risk of consumer credit card fraud and identity theft and how it can effect your credit history. Reviewing your credit report is imperative to maintaining good...
Lexington Law - Legal and Effective Credit Report Repair. Learn more
Can credit repair companies be trusted?
Many credit repair companies are fraudulent and practice illegal credit repair methods. Any credit repair guarantying that they will fix...
If I pay off a past-due account, such as a charge off or a collection account, will that repair my credit?
Paying off a debt will not increase your credit score very much. Negative credit items may stay on your credit report for at least seven years. Knowing how to negotiate and have these negative credit items removed...
If I succeed in removing a negative item, will it come right back on my credit report?
This is a tactic the credit bureaus employ to try to discourage credit repair. This tactic is known as a "soft delete" where a negative credit item on a credit report...
Are there negative listings, such as bankruptcies and foreclosures, that are impossible to remove from my credit report?
The severity of the negative credit item on a credit report doesn't necessarily have anything to do with the difficulty in removing the bad credit item from the credit...
I've heard that disputing the credit report is easy and any person can do it himself for the price of a few postage stamps. Is that true?
Disputing negative items on your credit report is easier today than ever, especially with new laws allowing consumers to obtain free annual copies of their credit reports from the big 3 credit bureaus. But fixing a credit report and improving a credit score can be a lot like...
If I declare bankruptcy, can I begin my credit report all over with a clean slate?
Bankruptcy can be an end-all to a credit report. Before declaring bankruptcy it's imperative to know how it will effect your credit report...
Can I file a "100'word statement" on my credit report explaining my side of the story and will creditors read my statement and take it into consideration?
Typically a lending institution will not look at the credit report when deciding whether or not to lend credit. They are more interested in the credit score that the borrower currently maintains and the "100 word statement" would only...
By changing numbers in my social security number or by using an EIN tax number, can I fool the credit bureaus into creating a completely clean, new credit file under my name?
Many unscrupulous credit repair companies incorporate a method known as "file segregation". This method involves establishing a new line of credit under a new Social Security number or (EIN) Employer Identification Number. This credit repair method is illegal and should not be considered when fixing bad credit. Legitimate credit repair...
Can a Consumer Credit Counseling Service help me repair my credit?
Using the services of a Consumer Credit Counseling program can actually have an adverse effect on your credit report and credit history. Learn why using this type of credit repair service could be a bad choice when...
Why is it so common to hear that bad credit can't be repaired?
Credit bureaus don't want consumers to know that credit repair is possible. But we're here to set them straight. With over one hundred thousand negative items on consumer credit reports removed within the past two years, Lexington Law has...
What does the law say about repairing your credit?
Federal law statutes that pertain to credit repair bureaus and credit repair agencies. How attorneys can fix low credit scores by removing outdated and erroneous marks on credit reports...
What is the truth about credit repair companies? Can they really do what they say they can do?
Any credit repair company that guarantees a perfect credit rating or guarantees to deliver a perfect credit score is not telling you the truth and should be completely avoided. Every credit report presents unique challenges and difficulties that a legitimate credit repair agency will need to address in order to...
How do you go about completely repairing your credit and getting new credit lines, mortgages, etc.
Removing negative credit marks on your credit report is an essential first step to fixing a negative credit report. This first step includes obtaining a free credit report from each of the big 3 credit bureaus: Experian, TransUnion and Equifax. These credit reports will...
Can you add good credit to your credit report by having another person add you as an authorized user to one of their credit cards?
An authorized credit user is when someone with a good credit history and credit score allows someone, who does not, to be added to their credit card as a secondary user. Credit bureaus view this similar to a secured credit card scenario, whereas by adding this person will help build a positive credit rating...
Can Consumers Fight Back Against Credit Fraud?
Consumer credit fraud, identity theft can ruin your financial life! Know if you are at risk of consumer credit card fraud and identity theft and how it can effect your credit history. Reviewing your credit report is imperative to maintaining good...
Lexington Law - Legal and Effective Credit Report Repair. Learn more