Working on Repairing my Credit with Lexington Law

[albsallu]

I had several  negatives on my credit that have passed 7 years and Lexington law is helping me remove them all including other negativeds that are almost 7 years old. My current credit score is 650, but two weeks ago, my credit score was 695, but I knew what the problem was. I have a revolving Macy;s card that is $300. This is a store card,  and I used about $250 of the amount. I have now made a payment of the $300 and waiting for them to report it to the Credit Bureaus. I have no more credit cards, but considering getting a house next year and I believe that having 1 or 2 major credit card will help in the process. if I have my credit score to 700+, what are my chances of getting a credit card, and what credit card should I get. I am currently making at least $110000/ year. Any advice is necessary.

Thanks

[Involver]

My advice is to stop using Lexington Law IMMEDIATELY, especially if your derogs are nearing the seven year reporting mark.

They will accomplish nothing that you can't do on your own.  By using them, you are throwing away money that you could be saving towards a down payment on your home.

[user5387]

---

@albsallu wrote:

I had several  negatives on my credit that have passed 7 years and Lexington law is helping me remove them all including other negativeds that are almost 7 years old. My current credit score is 650, but two weeks ago, my credit score was 695, but I knew what the problem was. I have a revolving Macy;s card that is $300. This is a store card,  and I used about $250 of the amount. I have now made a payment of the $300 and waiting for them to report it to the Credit Bureaus. I have no more credit cards, but considering getting a house next year and I believe that having 1 or 2 major credit card will help in the process. if I have my credit score to 700+, what are my chances of getting a credit card, and what credit card should I get. I am currently making at least $110000/ year. Any advice is necessary.

Thanks

---

Welcome to the forums!

You typically want at least three revolving accounts to build your credit and qualify for a mortgage.

So you might want to investigate adding another CC or two, either secured or unsecured.  The SDFCU secured Visa is a good one to consider.

If you are thinking about a mortgage, I would try to get your FICO 04 scores, that are used in the mortgage business, and make an assessment of where your reports and scores are currently at relative to what is needed for a mortgage.  You can get the 04 scores from DCU, PSECU, and the EQ web site (Score Power FICO product).

[albsallu]

Thanks guys for your advice. I will look into this. Will the credit card company's offer me a CC with a credit score of 650 that is secured.

Thanks

[user5387]

---

@albsallu wrote:
Thanks guys for your advice. I will look into this. Will the credit card company's offer me a CC with a credit score of 650 that is secured.

Thanks

---

The SDFCU secured Visa has no credit or income checks.

https://www.sdfcu.org/emv-creditcards

[albsallu]

Are you required to have an account with them for you to be considered.

[Sonic98]

---

@Involver wrote:

My advice is to stop using Lexington Law IMMEDIATELY, especially if your derogs are nearing the seven year reporting mark.

They will accomplish nothing that you can't do on your own.  By using them, you are throwing away money that you could be saving towards a down payment on your home.

---

I do know of one guy's credit repair service. Almost everyone I know that tried him said they couldn't believe the stuff he was able to get off their report. I was going to use him, but his prices have almost doubled from what they were 3 or 4 years ago, and he wants full payment up front. But from the people I know who used them, he seemed to work mircales for them. I just don't have the money to give away, plus I have a few things dropping off this year.  I decied to just chance it with just those things happening.

[Shogun]

---

@Sonic98 wrote:

---

@Involver wrote:

My advice is to stop using Lexington Law IMMEDIATELY, especially if your derogs are nearing the seven year reporting mark.

They will accomplish nothing that you can't do on your own.  By using them, you are throwing away money that you could be saving towards a down payment on your home.

---

I do know of one guy's credit repair service. Almost everyone I know that tried him said they couldn't believe the stuff he was able to get off their report. I was going to use him, but his prices have almost doubled from what they were 3 or 4 years ago, and he wants full payment up front. But from the people I know who used them, he seemed to work mircales for them. I just don't have the money to give away, plus I have a few things dropping off this year.  I decied to just chance it with just those things happening.

---

That is a violation of the CROA.

This Act, Pub. L. No. 104-208, § 2451, 110 Stat. 3009-455 (Sept. 30, 1996), amending title IV of the Consumer Credit Protection Act, prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of "credit repair" services. The Act bars "credit repair" companies from demanding advance payment, requires that "credit repair" contracts be in writing, and gives consumers certain contract cancellation rights.

[Sonic98]

---

@Shogun wrote:

---

@Sonic98 wrote:

---

@Involver wrote:

My advice is to stop using Lexington Law IMMEDIATELY, especially if your derogs are nearing the seven year reporting mark.

They will accomplish nothing that you can't do on your own.  By using them, you are throwing away money that you could be saving towards a down payment on your home.

---

I do know of one guy's credit repair service. Almost everyone I know that tried him said they couldn't believe the stuff he was able to get off their report. I was going to use him, but his prices have almost doubled from what they were 3 or 4 years ago, and he wants full payment up front. But from the people I know who used them, he seemed to work mircales for them. I just don't have the money to give away, plus I have a few things dropping off this year.  I decied to just chance it with just those things happening.

---

That is a violation of the CROA.

This Act, Pub. L. No. 104-208, § 2451, 110 Stat. 3009-455 (Sept. 30, 1996), amending title IV of the Consumer Credit Protection Act, prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of "credit repair" services. The Act bars "credit repair" companies from demanding advance payment, requires that "credit repair" contracts be in writing, and gives consumers certain contract cancellation rights.

---

That's exactly the same thing I was thinking. Almost none of the honor the clause about advanced payments and cancellation rights.