True Story: I Went to Buy a Car and Got Flat Out Rejected by my Local Banker...
"He told me I had "POOR CREDIT" from all of my charge offs and delinquencies. He pulled my credit report and showed me the charge offs and other negative items bringing my credit score down.
He said he could not set me up with a loan because of these items. There was nothing else he could do for me.
I racked up a lot of credit card debt when I was in college but I didn't think it would haunt me today. Things quickly got out of hand when they added interest and fees to the late payments and my monthly payment quadrupled. When I couldn't pay the fees, the collection agencies started attacking my credit history.
My local banker told me I had "POOR CREDIT" and that the equivalent to a grade would be an F. I was devastated. There was no way I was going to let a past mistake haunt me now.
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What is a Charge Off? A charge off is a debt that is severely delinquent - usually late by 180 days or more. A charge off occurs when the creditor determines the debt is un collectable. In other words, the creditor has given up collection efforts and charged off the debt as a loss.
What Happens After a Debt is Charged Off? Two things happen once a creditor charges off a debt:
(1) The original creditor sells the account to a third-party collection agency for pennies on the dollar;
(2) Both the creditor and collection agency report negative items on your credit bureau reports.
A recent charge off is one of the most severely damaging items you can have on your credit history.
How One Phone Call Changed my Credit Life.
I couldn't let my past mistakes keep me from buying a car. After confiding in a good friend, I learned that there is a law firm that helps people like us. (Our friend admitted that she too had collection agencies in her past and that this law firm helped her.)
I visited Lexington Law and called their toll free number for their free consultation and ended up chatting with the lady on the other end for 35 minutes. She shared the real facts about credit repair that I didn't know and gave me hope.
For once I felt like I had options. I thought this call would be a waste of my time but it was these 35 minutes that changed my life. I signed up for their service and not only did they keep me updated with my credit status but I saw a 106 points increase in my score in only 58 days!
Lexington Law helped delete my charge off. I was seeing progress in the first 30 days! Some of these items were so old that I didn't think they could be removed by Lexington Law was able to work their magic. I was so happy with the work Lexington did for me that I wanted to share my story with others. I became a sponsor and put up this website.
Here is a letter from TransUnion stating that my collection items have been deleted. It was awesome getting these letters in the mail. Each time I received a letter, I knew my score was going up.
When I went to apply for my auto loan a few months later, none of my negative items showed up on my credit report. I had a clean slate and was able to finance my car at a low rate.
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Here are the Exact Steps I Took That Helped Me Delete Charge Offs and Get Approved for a New Car:
Step #1: Go to the Lexington Law Website - www.LexingtonLaw.com - Click Here
Step #2: Dial the toll-free number for your free consultation and take this time to share your story and goals. What do you want from having better credit?
Step #3: Get Started Erasing Charge-offs and Collections from your credit like I did.
