As a common family man doing a 9 to 5 job in a private firm
, I was completely unaware about the significance of a healthy credit score in daily life. In my family my wife, elder son and me we all use debt cards and the amount is paid from the account of my monthly income so in short, I was not keeping an eye on my daily expanses or my credit report. I encountered a problem for the first time regarding my credit score almost 2 months back when I was applying for my new house loan. According to my own judgment I was quite sure of having a clean previous record with no credits, loans or debts on e but I was astonished to know that my loan was rejected due to poor credit handling. Then I decided to consult credit repair services so as have an expert opinion and effective solution to my credit problems.
The company I selected was Lexington law and that was, too, due to its great reputation in the market. The credit repair expert explained the whole matter to me that was not as much complicated as I feared. They told me that I am having bad credit score and it needs to be improved immediately. That was the turning point for me because they told me all the steps to improve the credit score. My score was 470 and it was miraculously raised to 700. A difference of 230 points had magical effects on my dealings.
The whole procedure of raising the credit score was also explained to me that included some simple steps following the rules devised by FTC for consumers. They just had my annual credit report and I reviewed it. Due to a long period of no check over my debt situation I was surprised to know that my family expanses have exceeded the income and debt card was going to be bankrupted soon. Then a detailed study also indicated inclusion of many negative objects in the credit report that should not be there. The credit repair expert then helped me in evacuating my credit report from these blunders and then following debt consolidation I paid all my previous loans that was going to be converted into charge offs. At the end of the day, after a short duration of time, when I applied for a home loan with my improved credit score, I was not only issued the amount but also the interest rate was surprisingly less.