What We Do

Why Credit Repair?

So much in life today depends upon the contents of a single, often misunderstood document - the credit report. From determining credit scores to credit card interest rates, from mortgage approvals to insurance, and from car loans to employment, the credit report enjoys a particularly influential role.

Fortunately for consumers, what's contained within those reports must meet three tough standards:

First, information must be fairly reported, in accordance with several consumer protection statutes. When creditors don't follow these credit reporting laws, they must revise or remove their credit reporting, even if their data is otherwise accurate. Moreover, special circumstances - divorce decrees, military service, identity theft, student loan rehabilitation, medical billing, tax liens, and overall goodwill - can influence what is being reported.

Second, creditor data must be 100% accurate. A study released by the FTC in early 2013 revealed that 25% of Americans can easily identify inaccuracies within their credit reports. So while the major credit bureaus certainly deserve empathy for attempting to keep 250,000,000 consumer files straight, the fact remains that credit scores can be shattered when credit bureaus are fed inaccurate data.

Finally, credit companies must be able to fully substantiate and verify their credit reporting. Debt collectors, for example, must be able to document that they actually do own the debts they attempt to collect. More generally, credit report information must be based on verifiable facts and circumstances. Consumers are entitled to an answer when they ask creditors "Why are you reporting that about me?"

Through its leading consumer brands, Lexington Law and CreditRepair.com, Progrexion helps clients frame the right questions about their credit, and to direct those questions to the right people, in order to ensure that credit reports remain fair, accurate, and entirely substantiated.