Lexington Law(R) Offers Hope to a Nation Facing Falling Credit Scores

Fri Jul 10, 2009 2:30pm EDT
 
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  SALT LAKE CITY, UT, Jul 10 (MARKET WIRE) -- 
Recent reports highlight a disturbing trend in America: average credit
scores are falling in states across the nation. This trend is most
evident in those states hit hardest by the slump in the housing market.
The western states of California, Arizona, and Nevada each saw a
double-digit drop in the average consumer credit score during the first
quarter of this year. With average consumer credit scores declining and
lending requirements moving in the opposite direction, one thing has
become clear: our national credit crisis has become a very personal
credit crisis for millions of consumers.

    Stakes are high when it comes to consumer credit. From homes to
automobiles, credit affects almost every aspect of life. Because negative
information can remain on credit reports for 7-10 years, the road to
recovery may seem like a long one. However, according to the leading
credit correction firm, Lexington Law, that may not always have to be the
case.

    "The complex nature of the credit system is one that often leads to
information being reported that does not accurately represent a consumer's
actual credit history or risk," says John Heath, Lexington Law's
Directing Attorney. "This is evidenced by studies showing that 79% of
credit reports contain errors. At a time when credit is so important, it
is critical that people understand their consumer credit rights."

    Many consumers are not aware of their legal right to challenge information
on their credit reports. They oftentimes feel as if credit is a
conversation solely between creditors and credit bureaus -- a conversation
in which they have no say. According to Heath, though, consumers do have
an important and impactful role when it comes to their credit.

    "If our firm has proven one thing, it's that credit repair is possible.
Our firm alone assists our clients in the removal of over 1500 outdated,
questionable or unverifiable negative items every day. I would encourage
anyone struggling with limitations of bad credit to not get discouraged
and take action by exploring their credit options. There is most certainly
hope."

    About Lexington Law

    Lexington Law, a consumer advocacy law firm, is the nation's leading
provider of credit correction services. These services have been refined
through 18 years of experience representing more than 1/2 million clients
as they've worked to resolve credit issues. Through participation in
services which address issues with creditors as well as credit bureaus,
our average clients see 84% of the damaging information removed from
their credit reports within 1 year. (Individual results may vary.) For
details about Lexington Law's services, attorneys, or statistics visit:
www.lexingtonlaw.com.

    

Media Contact:
Celeste Edmunds
PR Coordinator
Email Contact
801.828.1739, direct dial

Copyright 2009, Market Wire, All rights reserved.

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