New Lexington Law Signup Video

Posted on August 6, 2011 by

Archer Credit has created a new signup video explaining the signup with the #1-rated credit repair firm in the nation, Lexington Law. The video covers how you can sign up online or with their toll-free number: 1-800-608-6543

It also shows the steps to uploading your credit reports into their client site and selecting which items you want to dispute. After that, it’s all up to Lexington. And did we mention, this all happens before you first-work fee! That’s right. In compliance with the Credit Repair Organizations Act, a law firm, or any credit repair company cannot charge before they complete work for you. So, in the signup process, Lexington asks whether you want to be charged after 5 days, or up to 15 days, after they setup your case.

If you elect to upload your credit reports online, it’s a 20 minute process from getting your reports uploaded to when you select which items that you want disputed. It’s one of the easiest steps of getting your credit repaired. And it’s one of the most important (payment history is worth 35% of your credit score).

Visit our credit repair score guide to see what other elements make up your credit score.

Visit our Archer Credit Repair home page to watch the sign up video.

To visit Lexington Law Visit their web site

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Types of Credit – 10% of your credit score

Posted on February 2, 2011 by

One of the lesser known parts of your credit score make up is your different types of credit.  Credit bureaus want to know that you have a variety of credit in different credit types.  This is only 10% of your credit score but shouldn’t be ignored, because it is one of the easier areas to control.

The major types of credit include:

  • Mortgage
  • Car/Installment Loan
  • Credit Card
  • Store Card

There are others like line of credit and some odd bills that sometimes report to the credit bureaus.  But you want each of the ones above to get the most out of this 10%.

The ideal set up would be to have 1 Mortgage, 2 installment loans, 2 credit cards and 1 store card.  This is a minimum.  1 or 2 more loans or cards won’t hurt you.  Anything more than that could.  More important than having these lines of credit is having high limits and low balances.  Which relates to our previous post dealing with  your Debt To Credit Ratio.

So diversify and get many types of credit to increase your credit score.  Keep limits high, balances low and don’t spend too much time applying or you will get too many inquiries.

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Length of Credit History – 15% of your credit score

Posted on January 6, 2011 by

The 3rd part of your credit score is your Length of Credit History which makes up 15% of your credit score.  This is not as important as payment history and debt to credit ratio, but it might be the hardest to get and to fix if you don’t have it.

Your credit history length often gets confused with payment history, because they are similar and both involve having accounts with creditors.  Your payment history is whether or not you have paid on time or have been late.  Your credit history length is how long you have had credit accounts open and been paying them.

The hard part about improving your credit history length is that it takes time.  Most credit accounts that can help you must be 2 years old or older.  This is hard to fix or improve upon with out time.

This is why you are told not to close old credit cards, because the longer you have that account open even if you aren’t using it, the more you are improving your credit history length.

There are some tricks to the trade that can help add accounts to your credit history, but you must know and trust someone to do it.  It involves becoming an authorized user on your spouses or friends credit accounts.  This will sometimes make their credit accounts now showing as yours including all the credit history lengths.  This is a great way to build credit history as long as you have someone you can do it with.

This is why it is recommended to open a credit account as soon as you are old enough, which is usually 18 years old.  This can be a line of credit on your checking account or a credit card.  Anything to show that you have a credit account for a long time.  So when you are ready to buy a house, you will be ready and have the credit history length to prove it.

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Reducing Your Debt To Credit Ratio – 30% of your credit score

Posted on November 25, 2010 by

The 2nd biggest part your credit score is your Debt to Credit Ratio.  This makes up 30% of your credit score and can be the hardest to improve.  The reason your debt to credit ratio can be so hard to improve because it involves paying down your debts, which takes money.  If we all had extra money to spare, we wouldn’t have bad credit to begin with.

There are two ways to improve your debt to credit ratio.  You can pay down your debt or increase your credit limits.  Increasing credit limits will work best with creditors that you have a good track record with and you have paid on time for a long time.  Asking for an credit limit increase will usually put a inquiry on your credit report.  So make sure you ask for all your increases at the same time, so they don’t hurt your credit score while asking for another one.

Of course reducing your debt is important.  A good strategy for paying down debt is using the snowball method.  This is where you set apart a certain amount each month to pay off your debt.  You apply it to your credit account with the highest interest rate first.  Once that is paid off you continue using the money you were paying on your first credit account and add it to your 2nd account.  You do this until all your credit accounts are paid off.

The credit card companies would like you think you should have a balance to show you are using your credit cards.  This is not true.  The best thing you can do is have everything paid off with zero balance.  This will give you the best debt to credit ratio and help your credit score the most.

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Fixing Your Credit History – 35% of your credit score

Posted on October 24, 2010 by

Your credit history or payment history makes up 35% of your credit score.  That is more than any other area of your credit score, thus making it the most important.  The other areas that make up  your credit score include:  Debt to Credit Ratio – 30%, Credit History Length – 15%, Types of Credit – 10%, and Inquires – 10%.  As you can see your payment history is more important than anything else and that makes fixing it important to you and your credit future.

Your payment history is negatively affected by any negative mark put on your credit report by your creditors that you have accounts.  This includes late payments, collections, charge offs, judgments, liens, repossessions, foreclosures, and bankruptcies.  The more recent a negative mark is and the more you owe on it the worse it will affect your credit score.  So it is imperative while fixing your credit history you don’t get any new marks that will ruin your credit any more.  Make sure you can pay everything on time now then worry about your credit mistakes in the past.

The best way to fix your credit history is to remove those negative items that are hurting your credit score.  Get a copy of your credit report and review all your credit accounts.  The more recent accounts and the ones that are owed the most hurt you the most, but they are the hardest to get off.  It is recommended to focus on one third of your negative items and go with the easiest ones first.  The easiest ones are the oldest accounts and the ones that are paid off.

You will have to draft a dispute letter to each of the 3 major credit bureaus Experian, Equifax, and Trans Union.  The credit bureaus are obligated under the Fair Credit Reporting Act to allow any consumer the right to dispute anything on their credit reports that they believe to be inaccurate or erroneous.  The credit bureaus have 30 days to verify the dispute with the original creditor or it must be removed from your credit report.

This sounds simple enough, but the credit bureaus don’t like doing their jobs.  They will try to mark your disputes as frivolous if at all possible.  You will then be unable to dispute for several months if that happens.  It is recommended to hire a reputable credit repair service like Lexington Law Firm.  They have helped over 500,000 people fix their credit histories and removed over 1 million negative items last year.  That is quite impressive and can make your life easier.

It is very important if you have a bad credit history to fix it and remove it.  Too many people wait until they need a loan to start worrying about their credit, but by then it is too late.  It takes several months to fix a credit history, so begin today so you won’t have any regrets.

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Who Is The Best Credit Repair Company?

Posted on September 9, 2010 by

I am a little biased here, but I have the numbers to back me up.  There are only a few companies we can put on the list of best credit repair companies, they include:

My credentials to compare and review credit repair companies comes from my experience and history with credit repair.  I have worked for Lexington Law Firm and I have seen the ins and outs of their operation.  I have also ran my own credit repair service.  I have repaired the credit of friends and families.  So you can say I know credit repair.

Archer credit has ran affiliate programs with Lexington, Ovation, DSI, and Sky Blue.  The best converting program has been Lexington Law.  Probably because of their professional website and automated systems they have in place.  Lexington has also been the best at giving us marketing materials including deletion numbers, client numbers and stats.  While the other 3 credit repair companies were either unwilling to give us their numbers or they didn’t have anything concrete.

Here are the stats for each credit repair company.  Some companies did not have records in some areas or would not disclose them:

Lexington Law Firm

    Deletions: 1,013,469 in 2009
    Clients:  Over 500,000
    Experience:  19 years
    BBB Rating:  A-
    Cost:  $99.95/Sign Up – $39.95/Month

Ovation Credit

    Deletions: Would Not Report
    Clients: Wound Not Report
    Experience: 34 years
    BBB Rating: A
    Cost: $87/Sign Up – $37/Month

Sky Blue Credit

    Deletions: Would Not Report
    Clients: Wound Not Report
    Experience: 21 years
    BBB Rating: A+
    Cost: $49/Sign Up – $49/Month

DSI Solutions

    Deletions: Would Not Report
    Clients: Wound Not Report
    Experience: 12 years
    BBB Rating: F
    Cost: $267/Sign Up – One Time Fee

As you can see Lexington Law is the only credit repair company that actually reports its numbers.  We were able to find the BBB rating and experience from www.bbb.org.  The years of experience in credit repair isn’t exact, because Ovation Law was a law firm before they started practicing law, while Lexington has been solely a credit repair firm.  Sky Blue and DSI have been credit repair companies since they started.

Lexington, Sky Blue, and Ovation all have a variation of an A with the BBB.  They have all been in business for close to 20 years.  DSI has been in business less and has an F with the BBB, with their high cost, no one should use them.  Sky Blue and Ovation are good services, but have do not do the bulk of clients and deletions that Lexington does.

Lexington Law Firm is the biggest and most talked about credit repair company out there.  They have proven with their numbers and their history that they can do the job again and again.  I wouldn’t trust anyone else with my credit report.  So take my advice and give Lexington Law a call today and see that they are the best.

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Beginner’s Guide To Credit Repair

Posted on August 12, 2010 by

The first step for anyone wanting to do credit repair is to get a copy of your credit reports to find out what is hurting your credit score.  There are several free online credit report websites out there that offer credit reports from the 3 major credit bureaus Experian, Equifax, and Transunion.  The government has set up a site http://www.annualcreditreport.com that takes you to all 3 credit bureau’s sites for 1 free credit report a year.  You can also get a free credit score at http://www.creditkarma.com/ that is pulled from Transunion.

I can’t stress how important it is to continually check your credit report for several reasons.  This is the best way to know what is hurting your credit score and what is helping it.  You can also be aware when anything new is reported whether by you or someone else.  Getting to know your credit report should be apart of every budget and accounting regiment.

Now find out what is hurting your credit the most.  Review your credit reports and find out what is hurting your credit score the most.  This will usually be a negative item like a late payment, collection, or judgment.  It can also be your debt to limit ratio or your credit history length.

Fixing the problem can be a little more complicated, but you have made the first step by getting your credit reports in your hands.  Now you know what is hurting you and now you can learn how to fix it.

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The Credit Repair Goal

Posted on July 2, 2010 by

Credit repair is the act of improving your credit score by working on and fixing your credit.  Archercredit is a group of credit experts who have put together the ultimate credit repair guide.  The credit repair guide is here to help everyone learn what makes up a credit score and what anyone can do to improve it.

Credit scores are made up of five parts:

35% Payment History – Whether or not you have paid on time.
30% Debt to Credit Ratio – Your balances compared to how much credit you have available.
15% Length of Credit History – How long you have had credit.
10% Types of Credit – Which different types of credit you have.
10% Inquires – When people check your credit report or credit score.

All of these factors make up your credit score.  There are things you can do to improve each area to begin the credit repair process.  Everything that is listed in the credit repair guide you can do yourself, but that doesn’t mean you can’t get professional help to help you along the process.

The #1 credit repair service we recommend is Lexington Law Firm.  They have helped over 500,000 clients remove negative items from their credit reports.  They removed over 1 million negative items in 2009 which is an amazing statistic.

The credit repair guide is here to help you get your credit score where you want it.  Check out our credit community and ask any questions you might have.  We hope you can find the answers you are looking for and get the credit that you want.

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