Lexington Law Credit Report Repair

Lexington Law is the largest and most trusted credit report repair firm in America. In over 15 years of practice, Lexington Law has helped more than 300,000 clients clean up their credit reports. nce you sign up for our service and forward your credit reports to us, all you have to do is let us know which items you would like to dispute. We then pull from our vast arsenal of strategies and interventions to attack those items in the most effective way. Lexington Law has become the trusted leader in credit report repair because we believe in our work and we're committed to our clients' success. That, coupled with our exceptional knowledge and experience in the credit repair industry, has allowed us to achieve amazing results that have literally turned our clients' lives around.

Start repairing your credit today quickly and legally Lexington Law – The Trusted Leaders in Credit Report Repair. Lexington Law has helped more than 300,000 clients clean up their credit reports.

Legal Bankruptcy Repair

Drowning in debt
1 in every 72.8 households declared bankruptcy in 2003, a rate that has nearly doubled over the last ten years. Financial experts blame this increase on the growth of consumer debt in relation to several years of economic recession. In other words, consumers with less money available continue to meet their family's financial needs through credit. Is it any wonder many consumers have found themselves literally drowning in debt?

Bankruptcy, an option?
Although bankruptcy provides financial and emotional relief, the resulting black marks on credit reports can continue to haunt consumers for up to ten years. Future creditors view negative listings as a signal that the borrower could not manage their money. This isn't always the case. Sickness, job loss, or other unexpected emergencies can take their toll on a family budget already stretched to the limit.

The Credit Bureaus' dirty secret
Bad credit isn't just embarrassing; it's expensive. Each year consumers with less than perfect credit are forced to pay thousands of dollars more in interest rates for such necessary purchases as cars and homes. This is particularly unfair if the information on their credit report is wrong. According to a June 2004 study by the consumer advocacy group, U.S. Public Interest Research Group (U.S. PIRG), as many as 79% of credit reports have errors - 25% of which are serious enough to potentially result in a credit denial. More than half of the reports had information that was either outdated or belonged to someone else.

It's your right
Disputing items on a credit report is a consumer's explicit right under the Fair Credit Reporting Act (FCRA.) Credit report repair is as legal as pleading "not guilty" in a court of law. It is entirely within an individual's right, and the freedom to do so is protected by law. However, contacting all three major credit bureaus and dealing with the hassles, red tape and follow through, can be frustrating and time consuming. For many consumers, hiring an experienced credit report repair firm is the wise solution. Unfortunately, credit report repair, like other financial service companies, have their share of inexperienced or even dishonest firms. Before choosing a credit repair expert, it is important to know who you are dealing with.

Choosing a Bankruptcy Attorney

Bankruptcy Attorney & Consultation

Hiring a good attorney to assist you with your bankruptcy can make a difficult situation less stressful. Here are some tips to help you choose an attorney and prepare for your consultation:

Choosing a Bankruptcy Attorney

Just like doctors or insurance agents, many attorneys specialize in a particular legal field. A lawyer who works mainly in the area of bankruptcy will have the most expertise and up-to-date information.

Telephone Book

The yellow pages usually lists local attorneys under the subheading of bankruptcy. This will help you find a lawyer located near your home or office.

Referrals

If you've used an attorney in the past, ask them for a referral to a good bankruptcy lawyer. Friends and family can be a source for recommendations. You can also check the American Board of Certification (the national certification board for bankruptcy and creditors' attorneys) on the Internet.

Consultation

After finding a few promising firms, make appointments for initial consultations. There's nothing like one-on-one interviews to get a feel for an attorney.

Preparation

Once you've chosen a bankruptcy attorney, expect to pay anywhere from $500 to $1500 for their services, depending on your area. Some firms will make payment arrangements, but most prefer to collect the full amount prior to going before the bankruptcy trustee. Once a bankruptcy is filed, all credit legal action as well as harassing phone calls will cease. Therefore, it makes sense to bring all your applicable information with you to your initial meeting with the attorney.

The following list includes information that most bankruptcy lawyers will need:

Name Address (any previous addresses) Phone Number Social Security Number Birth Date for all filers and dependents Current Employment and past Employment History If Self Employed - Information on your business

Monthly Income and Expenses Net Income Spouse's Net Income Child Support Social Security Benefits Unemployment Spousal Support Other Income

Monthly non-Discretionary Expenses - After Bankruptcy Child Support Payments Spousal Support Payments Child Care Medical Expenses

Monthly Discretionary Expenses - After Bankruptcy Housing - rent/mortgageTaxes/fees Utilities--telephone, cable/satellite, gas, electricity, water Furniture, etc. Personal Expenses - dining, entertainment, gifts, contributions, allowances Non-recoverable Medical Expenses - prescriptions, dental Living Expenses - food, laundry, toiletries, clothing etc. Transportation Costs - car payment, repairs, maintenance, gas, public transportation Insurance Expenses - vehicle, house, life insurance

Assets - Location, Best estimate of Present Value and Information regarding: Cash/Bank Accounts Household Furniture/Collectibles Retirement Savings Plans Loans Due to You Cash Value of Insurance Policies Savings Plans/Bonds/Stocks/Shares Clothing, Medical Aids, Jewelry Estimated Tax Refund Real Estate Cars/Motorcycles (need model and serial number) Motorized Vehicles/Boat/Trailer Tools of Trade Other Assets

Liabilities List all debts, including secured debts, medical and utilities. Include name, full address, account number and estimate of amount owing. (Bring in most recent statements if available) Include any debts with you as guarantor or co-signer

General Information regarding: Assets you have sold, disposed of or transferred in the last 12 months Assets seized within the last 12 months Assets you expect to receive (money or property) within the next 12 months

Letter of Explanation

Brief written description of the reason for your financial difficulties By providing your attorney with the most complete and accurate picture of your financial situation, he or she will be able to protect your rights and provide every benefit to you that the law will allow.

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