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[ Disclosure: Lexington LawFirm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington LawFirm.] Nearly every lender in the country uses credit reports to determine whether they approve a loan application. Why is credit repair important?
Some credit repair companies can also work with your lenders to negotiate a repayment plan on your behalf. For example, through negotiations, the credit repair company may be able to entice a lender to reduce a portion of the interest to lower your overall bill. However, a credit repair company can handle many tasks for you.
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