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Lexington Law is the trusted leader in credit repair. Having served over 200,000 clients since 1991, they have the experience necessary to make credit repair work for you. The lawyers of Lexington Law will fight to remove negative items from your credit reports, so you can improve your credit score, and start living life without limitations. more Along with outstanding 24/7 client support, their service includes unlimited disputes and deletions. Lexington will not rest until you are satisfied with your credit report results. more "My experience with the Lexington Law Firm has been wonderful from beginning to end and the results you achieved are remarkable. It is also noteworthy, that the fee I paid for such superior professional service must be one of the truly great bargains of all time. My warmest best wishes to you all." — R.S., Lexington client "Thank you for all the wonderful work your staff has done on my behalf. The creditors that I wanted removed are no longer there... I couldn't have done it without you, nor would I ever want to. You and your staff are truly professionals and I bow to you." — C.F., Lexington client

Reports and Repairing your Credit and Scores

There is so much information (and misinformation) out on the net about credit scores. Some people are under the impression that a credit score and a credit report are one and the same thing. That is wrong. They are two entirely different things.

The credit SCORE is based upon the credit REPORT. Credit scoring is just a simplified method of identifying good credit risks from poor credit risks. You can bet that lenders will get a credit SCORE before they proceed with the loan process but before a loan process goes very far, the lender will get full credit reports and from all three of the credit reporting agencies.

The credit score is based only upon credit history. The things that determine a credit score are whether payments were made on time and in full as well as on other things that are contained in a full credit report like employment history and income level. Points are awarded for each of these things as well as many others.

You might say that the credit score is a snapshot of a credit report -- a summation, if you will, that gives lenders a good idea of whether an applicant is a good or bad credit risk.

Some people believe that if they stay out of debt and pay in cash as they go, they will have a good credit score and a good credit report, but that is just wrong. They will have no credit history, no credit score, and no credit report. All of these things are based upon credit -- payments of loans and debts. You must have been granted loans by banks, or you must have a credit card payment history, in order to have a credit score or a credit report.

The fastest (and least expensive way) of building credit history is to get a credit card, make charges, and then pay them off before any interest is added.

From : debt.need-to-know.net