Lexington Law Reviews: Are They Right For You?
I knew I had to do something about my credit after I was repeatedly turned down for a mortgage. My goal was to buy a house, but I couldn't find anyone willing to lend me the money.
Eventually, I took the time to call for a free consult and learn about the benefits of their services verses other credit repair companies. I saved myself a considerable amount of money and energy.
My wife and I tried writing dispute letter ourselves, its not hard but we couldn't keep up with it all. We lost letters, didn't respond, forgot who we reached out to, etc.
Things To Consider Before Hiring This Credit Repair Service
Before you jump in and sign up for this service, you want to know exactly what Lexington Law Firm can do for you. We've got to tell you that anything a credit repair service can do, you can do yourself.
It's sort of like doing your taxes. You can fill out the forms on your own and file taxes yourself, but lots of people find it convenient to hire an accountant or tax service company.
When it comes to credit repair, it can take a lot of time and effort to get negative information off of your credit report.
You're likely to have to go back and forth with the credit reporting bureau. Lenders and credit bureaus can, and do, make mistakes.
If bad credit is bringing you down or keeping you from reaching your goals, learn more about how getting negative items removed and becoming a client will help.
For example, if two people have the same name, a credit bureau might report negative financial information about a person on the credit report of the other.
Lenders make mistakes by not reporting accounts as paid or by misreporting a late payment.
Also, old accounts can linger on your credit report long after they should be removed, dragging down your credit score and making you look like more of a credit risk than you are.
Not all credit repair companies are the same.
Some use legitimate means to help you restore your credit; others want to make money off of you. Keep an eye out for these red flags:
- The company asks for money up front: credit repair companies do charge for their services, but they shouldn't charge you before they've done anything to help you.
- The repair service guarantees that it will fix your credit: No one can ensure that they can remove negative items from your report.
- It doesn't offer you a contract: Legally, a credit repair service needs to give you a contract that outlines firm financial terms of service and cancellation options.
One example of a credit repair service with a stellar reputation is Lexington Law firm. This firm was started in 1991 and brings more than 27 years of experience in credit repair to the table.
What Is Lexington Law Firm?
What sets Lexington Law apart from other businesses is that it's a law firm. When you work with Lexington Law, you're working with a team of lawyers who understand consumer protection laws inside and out.
Lexington offers three levels of service, from the most basic "Concord Standard" to the full-service "PremierPlus" level, which provides credit monitoring and personal finance advice as well as credit repair assistance.
If you are looking to repair your credit and get your finances on track Lexington Law can help you do so. But, if you're looking for a "quick fix"you should consider other options.
Pros And Cons Of Lexington Law
- Staffed by attorneys. Their team understand the law and know what to do to help you fix your credit.
- More than just credit repair. Depending on the plan you purchase, you can get assistance in understanding your credit score, identity protection, and other tools.
- They help to challenge millions of negative credit items from credit reports each year.
- You can cancel at any time. When you become a client, you have the option of canceling whenever you wish, if you don't think you are getting the results you wanted.
- It does cost money a pretty penny for their premium account. Some people find that the monthly installments are worth it, as it helps them save more money in the long run, thanks to lower interest rates and better credit terms.
- They can't guarantee a time frame. Although they have removed millions of negative items from credit reports each year, there is no guarantee that the law firm will successfully help to fix your credit.
- It doesn't provide instant results. It can take months, or in some cases, a full year, before a negative item gets removed from your credit report. If you want a mortgage or other loan ASAP, you might not be happy with the speed at which credit repair moves.
How Long Does It Take?
When it comes to the timeline for credit repair, your mileage may vary. Some people see results in just 60 days but experiences vary. If you have a lot of errors on your credit report or if your lenders or the credit bureaus aren't responsive, the process can take much longer.
The average customers saw just over 10 negative items removed from their reports over the course of four months. But, they can't guarantee that every customer will see the same or even similar results.
How Does The Credit Repair Process Work? (Features and Benefits)
Let's jump into how this credit service works and the features it offers. Lexington Law offers three tiers of service. So, depending on the level you purchase you get the following features, services and experience:
- Bureau Challenges: They will work to make sure the three credit reporting bureaus are only presenting factual information about you. If they aren't, the law firm will challenge your report.
- Creditor Intervention: They will contact lenders for you, challenging any reported errors or asking them to verify any questionable information.
- Inquiry Assist: Credit scores can take a hit when creditors check your record. Inquiry Assist gives you legal tools to fight back against unfair credit score damage.
- Score Analysis: Every month, you'll get a detailed analysis of your report from the lawyers at Lexington Law. They'll help you understand the five factors that influence your score and offer advice for giving your credit scores boost.
- Report Watch: They will give you coaching and advice on how to combat errors and damaging information on your credit report, as it happens.
- TransUnion® Alerts: The company offers daily monitoring of your reports. You'll get updates over SMS or email.
- Cease & Desist Letters: Some collectors won't quit, even after the debt is paid or charged off. With Lexington Law on your team, you'll have someone to send those abusive and annoying collectors cease and desist letters.
- FICO® Score Tracker: Lexington Law keeps track of your FICO score, the credit score used most often in the US.
- Identity Protection: 24/7 identity protection and fraud alerts, your information doesn't end up in the hands of the bad guys.
- Personal Finance Tools: A finance manager tool helps you keep track of your accounts and financial goals.
How Much Does Lexington Law Cost?
How much you end up paying for Lexington Law depends on the service tier you choose. They have three tiers of service for their clients, and each one charges monthly. Here are the tiers:
Starting 30 Days After the First Work Fee
Starting 30 Days After the First Work Fee
Starting 30 Days After the First Work Fee
When you sign up to be a client, are you stuck with a monthly commitment for a set amount of time? Nope. You can cancel whenever you want to be done doing business with them.
Also, you don't pay for services until the work is performed. You'll be charged a set-up fee to get your account started and after the first work is performed.
After that, you'll be charged every 30 days or so for work performed on your behalf. You don't prepay. Let us know if other reviews on Lexington Law tell you different.
Is Lexington Law Firm Worth It?
Yes, a couples dollars a month to push your financial goals further is always worth it.
Since the company is made up of lawyers, it has a better grasp of consumer protection laws and the right ways to legally repair credit than some of its competitors.
The law firm seeks to educate people on their legal rights and to guide them through the system. You can see what the BBB rating them here.
Typically, Lexington Law uses one of two methods to help restore a person's credit. The first method is to contact the credit bureau and challenge information that's inaccurate, expired, unverified, or incomplete.
The second method for repairing your credit involves working with creditors or lenders. Your lenders can take things off of your report. They need to stop reporting that information to the bureaus.
Related: Buying A House With Bad Credit
Does Lexington Law Work?
Yes, and it could work for you.
If you're living with bad credit, you're probably well aware of all the credit repair scams that are out there. Some companies love to prey on people who are going through a bad situation.
The company can't guarantee that it will do X, Y, or Z for you, but it does have an impressive track record. In 2017 alone had 9 million negative items removed.
Thanks to the Fair Credit Reporting Act, everyone has the right to challenge and delete negative items.
In response to a dispute, a credit bureau needs to investigate the information. If they can't verify that the disputed item is correct, then they need to remove it or otherwise fix.
Depending on the circumstances, some lenders will remove negative items or correct them on a report if you ask nicely.
Do They Handle Unpaid Collections?
The annoying thing about collections is that they can hang out on your credit report even after you've paid them. Or, in some cases, unscrupulous collectors will try to come after you for bills that you've paid long ago.
Lexington Law will work with you to dispute any unverifiable collection reports from your credit history.
If you have collections that are showing as unpaid that you have paid or never owed in the first place, the law firm will go to bat for you.
Can They Remove Bankruptcy From My Credit Report?
Bankruptcy is more common than you think, more than 750,000 people file for bankruptcy each year.
With a few mistyped numbers, someone else's bankruptcy can end up on your credit report, dragging your reputation through the mud.
If you've got a bankruptcy on your credit report that isn't yours, Lexington Law can help you deal with it.
Perhaps you did file for bankruptcy, but it was ages ago, in a different lifetime. Bankruptcies can only stay on your credit report for seven or 10 years (depending on the type of bankruptcy).
If it's been longer than that, you have a right to ask the credit bureau to get rid of it.
Does Lexington Law Remove Late Payments?
Sometimes, lenders make mistakes and report payments as late when they were actually on time. Even the credit bureaus input their data incorrectly.
If you've got one or more late payments showing on your credit reports that don't belong there, Lexington Law can work with you to remove them.
They'll contact the reporting bureaus to dispute the late payment items or contact the lender to ask them to correct the issue.
What Others Have to Say:
When you're looking for a credit repair service, you want to look around and see what others have to say about it.
I searched online and found a few people who report having a very positive experience with Lexington Law.
Alternative Credit Repair Services
It isn't the only prominent credit repair companies available. Depending on your needs, a different company might be a better fit.
So, here are three alternative options and how they compare to Lexington Law. Are they better?
One of the most popular companies (not mentioned below) that serves as a Lexington Law alternative is Ovation Credit Services
Sky Blue Credit
Sky Blue Credit is a good option for people who want credit repair, plain and simple. The credit repair company analyzes customer's credit reports and identifies items that are suitable for dispute.
It then disputes those items with the credit bureaus. It claims to dispute five items on each of the three reports every 35 days (15 items per month, give or take).
Like Lexington Law, Sky Blue can't make any promises or guarantees. It will say that the average customer sticks with the program for six months. This is how Sky Blue credit repair vs Lexington Law looks:
Sky Blue vs Lexington Law
- Cost: Sky Blue $69/month; Lexington Law $89.95 to $129.95/month
- Services offered: Sky Blue: Credit repair; Lexington Law: Credit repair, personal finance assistance.
- Easy Cancellation: Sky Blue: Yes. Lexington Law: Yes.
- Ability to "Pause" service: Sky Blue: Yes. Lexington Law: No.
- Sky Blue offers a refund if you aren't happy with your service within 90 days.
If you're looking for basic credit repair, no monthly fees, and a money back guarantee, check out Sky Blue Credit.
The Credit People
The Credit People's claim to fame is that it offers an unlimited money-back guarantee. If you're not happy with the service you can cancel when you like.
You'll get a refund from the previous month and won't be charged for the current month.
The company offers a free credit consultation, meaning it will pull your credit reports for free. You get updated credit reports on an ongoing basis as long as you're still a customer.
The Credit People vs. Lexington Law
- Cost: The Credit People: $79/month ($19 for a 7-day initial trial); Lexington Law: $89.95-$129.95/month.
- Services offered: The Credit People: Just credit repair; Lexington Law: Credit repair, personal finance assistance.
- Easy Cancellation: The Credit People: Yes. Lexington Law: Yes.
If you're interested in a guarantee or are worried that credit repair won't work out for you, The Credit People might be the company worth trying.
CreditRepair.com might not have the most exciting or original name, but the company does do what it sets out to do. It pulls your credit reports, analyzes what could be disputed, then gets to work.
Similar to Lexington Law, CreditRepair.com contacts both the credit bureaus and the lenders or creditors, in an attempt to get negative, inaccurate information off of your credit report.
Credit Repair vs. Lexington Law
Cost: Credit Repair: $99/month; Lexington Law: $89.95-$129.95/month.
Services offered: The Credit People: Credit repair, score analysis; Lexington Law: Credit repair, personal finance assistance.
Easy Cancellation: Credit Repair: Yes. Lexington Law: Yes.
If you're looking for a company that offers, close to, as many features as Lexington Law, but for a slightly lower price, give Credit Repair a try.
Sometimes, bad credit happens to good people. We hope you take heed to these reviews on Lexington Law and take the next steps to improve your credit health
Inaccurate information shouldn't get in the way of your life or keep you from achieving your goals. We hope this review helped you out.
If you've been turned down for credit or haven't gotten the rates you wanted on a loan, your credit report could be the problem.
To get started on the path to a better credit history, get started working with Lexington Law today.
can They Handle short sales?
Yes, they are well equipt law firm that can help you remove foreclosure and short sale off your credit. How fast it will be removed depends on your situation.
Related: How does a short sale Affect my credit?
Are They a good company?
Yes, they are a great law firm that also does credit repair for millions of people in the U.S. Check out this review. You will see once you look through the review and call for a free consultation at the phone number below
Is This Company trustworthy?
Yes, they are a trustworthy company with 26+ years under their belt. Their law firm handles and improves all types of credit issues. It is not a scam.
How long does it take For The credit Repair Process?
It could take 2-6 months depending on a few factors:
- how much you need your credit score to Improve
- All information is given and shared properly
- Where you are starting from (420 score Vs 640 score)
- How long an item has been on your report
- creditors response
- Bill Collectors response time
- credit bureaus
- Debt Collectors
How long does it take to see results?
After letters are sent out and received, you can expect to hear back from the credit bureau after 30 days. That is why it takes 2-6 months to see a huge increase (or any) on your credit report.
What is Lexington Law's Phone Number? (833) 838-5600
Related Reviews On Lexington Law Questions:
More Frequently Asked Questions here
- Staffed by attorneys.
- More than just credit repair.
- Removed millions of negative credit items.
- Cancel at any time.