Lexington Law is headquartered out of Salt Lake City, Utah. They are a credit repair firm.

They have 22 lawyers and over 400 employees. They have been in business for 17 years and have served 1/2 million people. They will dispute bad credit items on your credit report.

Is it legal?

Yes, this is legal and credit repair is your responsibility. The Fair Credit Reporting Act gives you the right to dispute any item that you feel in inaccurate on your credit. Also this law says that any item that is not verified must be erased by the credit bureaus.

How does this work?

You get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.

Then Lexington will create a dispute letter on your behalf and send it to each credit bureau. Then you will receive notification from the bureaus regarding the disputed items and if they were verified by the creditor or if the bureaus removed the item from your report. You then forward these updates to Lexington.

How long does it take?

It depends upon the damage to your credit. However it typically ranges between 6 months to 12 months.

How much is it going to cost.

There is an initial account set up fee of $99. Then you will be charged a monthly fee of $39, $59, or $79 depending upon what level of service you choose.

Can’t I do this myself?

Yes, in fact we encourage you to if you have minor damage to your report. To dispute a listing yourself you must create a dispute letter and mail it directly to the credit bureaus.

When the bureaus receive your letter they will investigate the item. During an investigation the creditor is contacted and asked to verify your account, the dates on the account, and the balance. If the item is not verified then the bureaus must remove it from you report.

What else can I do to improve my score?

Credit repair is not just removing negative items from your report. We suggest you open a revolving line of credit. This will help you build a positive payment history by making on time monthly payments. This factor is weighted almost as much as negative items on your report when your score is calculated.

In sum, you do not have to live with a low credit score. You can remove negative items and by building a positive payment history you can repair you score.

In this article I would like to discuss the car lemon law case of Fran Fontanez. Two years back, Fran Fontanez and his wife saw an advertisement from the dealer Cold Brook Saab of Skowhegans, Maine and bought 2003 Saab 9-3 with 21,000 miles which had a full factory warranty.

Fontanez paid $17,000 for this voluntary buyback car. Every thing went smooth for few days. But after the first few days the car had to undergo subsequent repairs of 17 times covering $9,800 in bills by the end of March 2007, which was covered under the carâ??s warranty. Then at 44,000 miles the engine failed and he took the car to the showroom to return it back. The dealer informed that it was the engine problem not the transmission problem and he was not ready to take the car back.

Then Fontanez started to research the carâ??s history, tracking its original papers and found that it was a â??Lemon buybackâ?, meaning it has recurring defects. At last he filed a case to get back the money he invested, which has sat unused in his garage for more than a year.

In this case, Fontanez says that the car dealer has not informed him about the used car that was branded as a lemon in California. Due to this the attorneys of Cold Brook Saab, the dealership has dismissed the case saying that, they have met all of Maine’s legal requirements in this case.

The issue of this case has brought attention to some of the attorneys and consumers, who says that state laws need further amendments to protect consumers. This is because Maine has no such law. So be vigilant before you buy any used car from the dealer, from the owners or, in auction and protect yourself with the consumer rights.

There are some things to look into, before you buy any used car. First thing is why they are selling the car and make sure that he isnâ??t selling it because of some major car problem. Secondly see whether used car needs any repair so that you can determine if it is even worth pursuing it. Finally see for mileage, to find out a real value on used car and make sure it is not a lemon buyback by reviewing the complete history of car, which might help you in protecting your consumer rights.

For having a case review of such used car lemon buy back problem in your state or any information where you can resolve your claim with the manufacturer at no cost to you and even get compensated.

California Lemon Law provides detailed information on California Lemon Law, California Computer Lemon Law, California Boat Lemon Law, California Lemon Law Attorneys and more.

History of Credit

“Do you suppose it might be possible to have a sufficient number of consumers declare bankruptcy that the entire economy might implode upon itself?” Does history repeat itself? I suspect it does. It may take on a different appearance but its essence often times does come full circle. Let me illustrate with a mini history of credit and money. Though credit was first used in Assyria, Babylon and Egypt 3000 years ago, an article at Newsweek MSNBC, suggests that early civilizations had far higher interest rates and crueler punishments for failing to repay loans than we have today.

It seems that in Athens for example, enslaving debtors was common practice but was eventually seen as impractical as the farming class all fell into debtor’s slavery. The outcome was no crops grown resulting in no one having anything left to eat.

The Babylonians’ Code of Hammurabi set rates at 33 percent but the Roman Emperor Constantine set a much lower rate at 12.5 percent. Then the Church went on a crusade against usury (meanwhile selling “forgiveness” in the form of plenary indulgences to those with money to pay for it.) Regardless, the Magna Carta placed limits on interest in 1215.With Christians restricted by usury laws; it fell to the Jews to act as the primary money-lenders in Europe.

The resulting stereotype of Jews was immortalized in Shakespeare’s play “The Merchant of Venice.” Anti-Semitism during this period was rampant: England’s Edward I forbade Jews to exact usury. What a shame Anti-Semitism never ended.

The first, advertisement for, credit was placed in 1730 by Christopher Thornton, who offered furniture that could be paid off weekly. But In 1752 Britain tried to forbid the New England colonies from issuing bills of credit. Ironically, colonists ended up financing the revolution with the same bills that Britain so despised… along with a flood of hyperinflationary paper money. But use of a form of credit continued. From the 18th to 20th century “tallymen” sold clothes in return for small weekly payments. They were called “tallymen” because they kept a record or tally of what people had bought.

According to Newsweek MSNBC, “President Andrew Jackson crusaded against the National Bank in the 1820s, seeing it as an elitist vehicle for corruption.

After the Civil War, the whole country felt shaky about using paper money as legal tender instead of notes backed by gold or silver. It took 30 years to settle on our current currency. But concerning credit, the Federal Reserve Bank implemented a policy of ‘easy credit’ in the 1920s that prolonged the boom years but also heightened the crash of 1929.

And in 1950, when the first Diner’s Club charge card was issued to 200 friends for use at 14 restaurants in New York, the credit card issuer had no idea that 45 years later, more than 90 percent of all U.S. transactions would be done electronically. He just figured it would be an easy way to avoid embarrassment when he was short of cash. So in 1950 Diners Club began and was immediately followed by American Express in 1951.

The magnetic strip was introduced in 1970 and ushered in the information age and the credit card industry boom, which has driven this economy now for decades. Though we don’t have a debtor’s prison as in the days of Babylonia, nor is usury lawful (though a good argument might be presented that it is from time to time), we do seem to have come full circle.

Remember all those farmers back 3000 years ago who went to prison and could not grow thereby starving their countryman? Well, what do you suppose drives our economy? It’s credit. And what horrible condition continues to rise in epidemic proportions as a result?

It’s bankruptcy. Per an article Can You Afford It?, the national balance on credit cards, auto, and other non-mortgage loans rose to a new record figure in April 2001 at $1.58 trillion. Delinquent credit card payments (30 days past due) have risen to new high of 5% delinquency. Standard and Poors reports that the credit card industry wrote off 6.7% of balances as un-collectable which is the highest in years. There is a 17.5% increase in the already staggering number of bankruptcies filed. The credit card has been the single major pivot in creating a boom in bankruptcies. Do you suppose it might be possible to have enough consumers declare bankruptcy so that the entire economy might implode upon itself?

It did with the farmers in early civilizations. I would say it is very possible when your castle is built of plastic.