Credit card issuers have begun lowering the credit limits of credit card users who have a late payment, apply for other sources of credit, or have their credit scores drop. This can then cause credit scores to drop even further.

Lexington Law credit repair services have set the standard for the credit repair industry. Today, Lexington Law continues to be a driving force in credit repair in part because of these five traits.

What follows are some of the myths people believe to be true about the consumer credit system. By distancing yourself from these defeatist fallacies, you can open yourself up to learning the truth about your credit and what you can do to manage it.