For most of my life, I could afford to use my credit for shopping, cars, and trips. I had finally reached the point where I was saving up for a downpayment on a new house. Unfortunately, there was economic downturn and as a result, I lost my job. I had an emergency fund, but after that was gone, I dipped into my house fund and eventually burned through my savings. Soon after, I found myself buried in debt that I couldn't pay off. Then the phone calls started and I was constantly getting bombarded from debt collectors from unpaid credit card bills and I lost the ability to borrow or any line of credit from a bank. I was on the verge of losing everything I had worked so hard to get.
So, when confiding in some of my buddies about my financial situation, I was surprised to learn about Lexington Law. One of my friends promised they'd be able to help me take control of my financial issues, and get my life back in order, but I was pretty skeptical. He told me their team of lawyers uses legal strategies to challenge creditors about items on your report which helps improve your credit score. With nowhere else to turn, I decided to check them out.
I learned that they are a leading credit repair law firm that systematically uses the law to help eliminate negative entries on credit reports, and they have a method to help drive up credit scores. This all sounded great, but I was still a bit skeptical about how they could help me take control of my finances. After learning that Lexington Law removes an average of 10 items off your credit report in the first 4 months , and has a credit-coaching program teaching clients how to improve and maintain a higher credit score, I decided to give them a try.
Getting started was simple. I gave them a call and the representative answered my questions with patience and knowledge. She made me feel confident about improving my credit score, and explained that Lexington Law would send challenge letters requiring creditors to respond or refute. If they're unable to make a case, the items will be removed from my credit report.
After the first three months, seven items were removed from my credit score. During this time, communicating with my representative was easy with access to my personal online dashboard. The dashboard allowed me to see my credit score from all three bureaus along with the positive and negative items impacting my credit. The best part was that I could even challenge items on my report directly from the dashboard. Each time I made a challenge, my representative would get an alert, and she and her team would begin working on them right away. Watching the items get removed from my credit report made me feel like I was taking control of my finance.
For many people, their credit score does not accurately describe what kind of person they are. Despite being a conservative spender, I have faced many years of financial distress. I'm glad I decided to learn more about Lexington Law and was able to turn around my score. Working with them for even a short period of time, they helped me get rid of the big blemishes on my credit report. My goal this year is to make the next big purchase in my life (buying a house), and Lexington Law has made that possible for me.
Update: Lexington Law is offering our readers free credit repair consultation, which includes a complete review of your FREE credit report summary and score. You can follow this link, or call 1-833-825-3700 to take advantage of this no-obligation offer.
Call anytime between 7am and 11:59pm EST to get your free credit report and score!
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What is Robinhood?
The Robinhood app debuted in 2013 as a first-of-its-kind revolutionizing free investment platform. Much like the 700-year-old story of the hero to the people, Robin Hood, FinTech entrepreneurs Vladimir Tenev and Baiju Bhatt created the platform in order to make stock trading easily accessible to the general public and not just the wealthy.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.