Is Lexington Law Firm worth the money?

Jan 292011
 

Has anyone used Lexington Law to rebuild their credit?

 

I just signed up yesterday but I am unsure if I should pay the  $100. I could very well put that toward by CC. What exactly do they do that I can’t do? Do they have a little more pull when the CC companies see the letter with their logo on it as oposed to me just sending a letter in?

 If anyone has any experience with them please share. And if you don’t have the experience please  share anyway.

 

I would like to know if anyone did the whole disputing process, please tell me everything you did. I was told they would be sending letters to the credit bureaus for validation and to the  CC companies? If the CC companies validate the debt do I then mail them GW letters???

 

Heeelllppppppp…

AU question…

Jan 112011
 

It has been suggested that I consider having my Mother remove me as a AU from a CC with a balance of 12k and limit of 27k… I have paid all of my own CC’s off so this is the only card reporting towards my utilization. My concern is that the card has a 30+ year history and my accounts only provide a little more than 12 years of history.

 

Would you expect a small increase in score with this CC removed, or the opposite? I’m hoping for a little bump to put me solidly in the FHA range. I suppose I can just be added back if it has a negative effect.

 

Thanks in advance!

Which taxpayers are currently making use of the mortgage interest deduction?

Nov 302010
 

I ask this, because an article written by Scott Burns (writer for Dallas News), believes that very few people can take advantage of the mortgage interest deduction.

 

http://assetbuilder.com/blogs/scott_burns/archive/2010/11/19/would-you-miss-the-mortgage-interest-deduction.aspx

 

 

I know that we are able to make use of the deduction, because of 2 things: Mortgage interest is under the standard deduction by a little more than $1,000/yr. This is even on a short term (15 year) mortgage. However, our property taxes are relatively high (slightly over $8k), which is just about 2.3% of the appraised value of our house. So, between the 2, we are easily able to make use of the mortgage interest deduction.

 

So, who else is able to use the deduction?

Delete collection due to statue of limitation

Aug 292010
 

Still kinda of new to this board and I’ve been doing a lot some reading about the “statute of limitation” issue. I’m wondering if you  have a medical collection on your report that’s unpaid if it would be possible to use the ”statute of limitation” issue to leverage a PFD letter . Thinking of collection that need to get rid of that’s over 7yrs old . It’s not being collected but it’s a little more than I can afford to pay at this time and just wondering about contacting CA and offering settlement (maybe 1/2 of what’s owed) based on fact that collection is so old. Anyone think this will work?

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what looks better?

Jun 012010
 

I have a number of student loans out, and Im wondering if it would look better credit wise if I make payments each month ( pay a little more than required) or work like a maniac to pay it all off within a year?  Everything seems to be awful except my length of credit history.

Confused…please help!

May 122010
 

Ok, I have a couple questions.

 

1.  I pulled my cr on annualcreditreport.com (TransUnion) back in February and it says, estimated date that this item will be removed: 5/2010.  This is one of my paid collection accounts.  I pulled my reports last week and noticed it was off TransUnion and Equifax but it’s still reporting on Equifax.  Do you think the same thing will apply with Equifax and it will fall of maybe at the end of the month??? 

 

2.  The above cr (annualcredit) look like it has A LOT more negative marks that I see on myfico reports and experian.  Should all of these have the same information or will these be a little more condensed/cleaned up?

 

Thanks for your help.

OMG! I’m SOO Happy!

Mar 312010
 

So I have been trying to clean up my credit and paid 3 of my 5 collections ( Before I discovered myFICO and PFD), so with the information I learned here I started my GW process. I have been sending out letters, emails, faxes and playing the waiting game. After getting no responses I was getting very discouraged, but after reading a horoscope that basically said that I have been working on a project and I am starting to become discouraged, but not to give up because I am closer than I think, and that I had to put in just a little more effort to reach my goal,  I decided to put in just a little more effort and just called the 3 collections that I paid. LO and behold I must have been doing something right because, deletions were already put in for the accounts. The whole time I was getting down on myself thinking it wasn’t working for me and that I was doing something wrong because I wasn’t hearing back from any of the company’s, when in fact I was succeeding. Persistence is definitely key when your trying to reach your goals, Thanks so much myFICO forums and everyone who offered me advice, OMG I’m Soo Happy!