Entries Tagged 'Lexington Law' ↓

Tips For Getting A Bad Credit Secured Loan

Anyone with a bad credit score is also able to get a loan whenever he/she needs it. However, you will be limited to lenders who offer a bad credit secured loan. When you choose your lender carefully, you are guaranteed of getting the money to fulfill your needs.

To be eligible for a secured loan, you should be able to verify that you can settle it through a regular income that you receive. You can do this by offering the lender your latest payslip or bank statement. Resolving this moves you a step closer to finally getting the bad credit secured loan.

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Since it is a secured loan, you need to give something as collateral. In case you want to use the money to buy a car, then that car can be used as security such that when you default in repayment, the lender can come possess it. Normally, you cannot sell whatever asset that you decide to use as collateral before repaying the loan.

It is important to settle the loan within the agreed time in order to build a good working relationship with the lender. Moreover, repaying it on time can be useful in helping you rebuild your credit score so that you can be eligible for mainstream loans. This is because these types of lenders are part of a large system of monetary institutions that have an impact on your credit card score.`

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Lexington Law Scholarship Via Essay On Credit

$50k in College Scholarships Announced by Lexington Law

The Lexington Law Scholarship Award has been launched and 50,000 dollars has been promised to this fund. It is available to any students who write some type of winning essay detail at exactly what a credit score means to them personally, the way it may affect their future, and also how they can maintain a good credit score during college and beyond.

Lexington Law

Factors contributing to someone’s credit score, for Credit score (United States). (Photo credit: Wikipedia)

John Heath, the Directory Attorney for Lexington Law stated that, “The past few months have allowed them to launch the scholarship in hopes of helping consumer applicants. We are ecstatic that we have such a high level of response in the form of hundreds of applicants submitting high quality applications.’

The first person to receive a $5000 scholarship goes to BYU and is named Ryan Running. He will receive a check this Friday on February 28th, 2014. This will take place at West Valley City at 2850 South Decker Lake Drive, located in Utah. The other runner’s up, as well as their essays, can be found at the website for Lexington Law.

Heath goes on to state that the company is proud to be able to support such great programs, and that they love to have the chance to see young people succeed. These young people are working towards college and improving their lives, but also now realize the importance of credit and keeping their scores high. He also states that the company has done exactly what it set out to do by helping young people succeed.

Why Choose Lexington Law

Lexington Law is one of the country’s premier firms offering comprehensive credit repair services to clients. For more than ten years, thousands have relied on the expertise of Lexington to ensure accuracy and fairness in their credit reports. A faulty credit report can damage you in many ways, which is why it is important to get professional help.

Lexington offers various levels of credit repair service based on each client’s individual needs. Located in North Salt Lake, Utah, their services are also accessible online, making it even more convenient no matter where you are. So reach out to Lexington today and see how they can help you. You could be one of the many people whom they have assisted with getting collection accounts removed and raising their credit scores so that they can achieve their personal financial goals.

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How To Go About Avoiding Common Credit Issues

You may need to employ some how-to blogs when you are looking to build up your credit score. There are of course many professional resources that can be called on, but be aware that there are many offering information which is false. It is not hard sometimes to actually do more harm than good. Understanding the different ways you might be affected negatively will make it much simpler to repairing it positively. Let’s take a look at some different ways your score can be hurt.

Financial Responsibility in the United States

Financial Responsibility in the United States (Photo credit: Bart Claeys)

Too much use of your card
Using the card too often is truly a fast path to acquiring extensive debt. Keep in mind that credit is another variation of cash, and that you are borrowing from a financial institution and will have to pay it back. Not keeping this in mind is a fast path to debt.

Make concentrated efforts to restrict your spending as much as you can.

Avoiding a savings account
Not knowing what will be happening moving ahead, commitment to steady deposits into a savings fund that will be there when emergencies arrive simply makes so much sense.

Make every effort to carefully figure how much you can contribute from your take home pay and consistently do so and deposit it into your savings fund.

Opening new accounts
Absolutely refrain from opening any new accounts when you are working on repairing your credit score.

Failing to make payments on your credit card
Do not ever fail to make the payments due on your credit card precisely when they are due. Do not be late with the payments as this will simply lead to your score going in the direction you don’t want it to go.

Post notes wherever you need them to remind you when payments are due so you will have no problems moving ahead. And should you wind up having any legal hassles,do not hesitate to contact the best Lexington Law Firm you can.

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