Lexington Law Reviews
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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.
If only I'd taken the time to read some Lexington Law reviews and learn about the benefits of a credit repair service. I could have saved myself a considerable amount of time and energy.
If bad credit is bringing you down or keeping you from reaching your goals, learn more about how a credit repair service such as Lexington Law can help you.
It also helps that they are the best credit repair law firm in the US.
Things To Consider Before Buying a Credit Repair Service
Before you jump in and sign up for a credit repair service, you want to know exactly what it can do for you and what your other options are.
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 your taxes yourself, but lots of people find it a lot more convenient to hire an accountant or tax service.
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 or a lender, showing them that the information on your credit history isn't accurate.
Lenders and credit bureaus can -- and do -- make mistakes.
For example, if two people have the same name, a credit bureau might report information about one person on the credit report of the other. Lenders can make mistakes by not reporting accounts as paid or by misreporting a late payment.
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 services are the same. Some use legitimate means to help you restore your credit; others want to make money off of you. When looking for a credit repair service, keep an eye out for these red flags:
- They ask for money up front. Credit repair services 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. Lexington Law and other credit repair services can help you fix your credit, but they can't 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 the terms of service and cancellation options.
One example of a credit repair service with a stellar reputation is Lexington Law. Lexington Law got started in 1991 and brings more than 27 years of experience in credit repair to the table.
What sets Lexington Law apart from other credit repair services 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. If you're looking for a "quick fix" and aren't ready to change your financial habits, you should consider other options.
Pros Of Lexington Law
- Staffed by attorneys. The team at Lexington Law 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, score analysis, identity protection, and personal finance tools.
- They help to remove millions of negative credit items from credit reports each year.
- You can cancel at any time. When you sign a contract with Lexington Law, you have the option of canceling whenever you wish, if you don't think you are getting the results you wanted.
Cons Of Lexington Law
- It does cost money. Lexington Law offers a free consultation, but after that, you will need to pay a monthly fee for the service. Some people find that the monthly fee is worth it, as it helps them save more money in the long run, thanks to lower interest rates and better credit terms.
- It can't guarantee that it will help you. Although Lexington Law removes 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 Lexington Law Take?
When it comes to the timeline for credit repair, your mileage may vary. Some people see results in just 60 days. 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.
Lexington Law reports that the average customers saw just over 10 items removed from their credit reports over the course of four months. But it can't guarantee that every customer will see the same or even similar results.
How Does Lexington Law Work? (Features and Benefits)
Now that you've got an underlying sense of what Lexington Law is let's jump into how this credit works and the features it offers.
Lexington Law offers three tiers of service. Depending on the level you purchase, you get the following features and services:
Bureau Challenges. Lexington Law will work to make sure the three credit reporting bureaus are only presenting factual, accurate information about you. If they aren't, the law firm will challenge your report.
Creditor Interventions. Lexington Law will contact lenders for you, challenging any reported errors or asking them to verify any questionable information.
- InquiryAssist. Your score can take a hit when creditors check your credit. InquiryAssist gives you legal tools to fight back against unfair credit score damage.
Score Analysis. Every month, you'll get a detailed analysis of your credit score 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 score a boost.
ReportWatch. Lexington Law's attorneys will give you coaching and advice on how to combat errors and damaging information on your credit report, as it happens.
TransUnion® Alerts. Lexington Law firm offers daily monitoring of your TransUnion credit report. You'll get updates over SMS or email.
Cease & Desist Letters. Some debt 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 debt 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. Lexington Law offers 24/7 identity protection and fraud alerts, your personal information doesn't end up in the hands of the bad guys.
Personal Finance Tools. A personal finance manager tool helps you keep track of your accounts and financial goals.
Starting 30 Days After the First Work Fee
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, and each one charges a monthly fee. Here are the tiers. You can call 833-838-5600 to sign-up or get more info.
Starting 30 Days After the First Work Fee
Starting 30 Days After the First Work Fee
When you sign up for Lexington Law, are you stuck with a monthly commitment for a set amount of time? Nope. You can cancel whenever you want.
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.
Is Lexington Law Firm Worth It?
At this point, you probably think that Lexington Law seems like a good idea. But that $90 to $130 monthly fee is making you wonder.
We get it -- $90 or $130 per month is a lot to spend on a credit repair service, especially since the service can't even guarantee that it will provide the results you want.
But think about it regarding the long run. If you have a negative item on your credit report, such as a 90-day late payment, it can make it more difficult for you to get the credit you want or deserve.
In my case, it made it more difficult for me to get a mortgage. I was stuck renting for longer than I wanted. In my area, rent costs more than a mortgage. I ended up spending way for than $90 to $130 per month.
The monthly fee can seem like a lot, but if it helps to improve your credit and paves the way for you to reach your financial goals, then it's worth it.
Does Lexington Law Work?
If you're living with bad credit, you're probably well aware of all the credit repair scams that are out there.
Some companies seem to love to prey on people who are going through a hard time.
That's not the case with Lexington Law. The company can't guarantee that it will do X, Y, or Z for you, it does have an impressive track record.
In 2016 alone, it helped to remove more than 9 million negative items from credit reports.
Since the company is made up of attorneys, 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.
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 dispute information that's not accurate, that's not timely, that's not verified, or that's incomplete.'
Thanks to the Fair Credit Reporting Act, everyone has the right to dispute and to ask the credit bureaus to delete incorrect 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.
The second method for repairing your credit involves working with creditors or lenders. Your lenders can take things off of your credit reports. They need to stop reporting that information to the bureaus.
Depending on the circumstances, some lenders will remove negative items or correct them on a report if you ask nicely.
If the above two methods don't work for you, Lexington Law has the legal know-how and ability to take further action.
Can Lexington Law Remove 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 debt collectors will try to come after you for a debt that you've paid long ago.
Lexington Law will work with you to remove any unverifiable or inaccurate 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, working to remove those from your report.
Can Lexington Law Remove Bankruptcy?
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 remove 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 remove it.
Can Lexington Law Remove Late Payments?
Sometimes, lenders make mistakes and report payments as late that were on time. Even the credit bureaus input the data incorrectly, then payment that was on time shows up as late.
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 About Lexington Law
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
Lexington Law isn't the only credit repair service available. Depending on your needs, a different company might be a better fit.
Here are three alternative options and how they compare to Lexington Law.
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.
Sky Blue Credit 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, score analysis, 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, don't want to pay a lot per month, and want a money back guarantee, check out Sky Blue Credit today.
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 at any time, you can cancel your service.
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, score analysis, 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.
Credit Repair 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, Credit Repair contacts both the credit bureaus and the lenders or creditors, in an attempt to get negative, inaccurate information off of your credit report.
The company offers credit score analysis and credit monitoring through TransUnion.
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, score analysis, 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.
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Lexington Law Reviews: Final Thoughts
Sometimes, bad credit happens to good people. Inaccurate information shouldn't get in the way of your life or keep you from achieving your goals.
Lexington Law works with you and the credit bureaus and your creditors to ensure that only the most accurate and verifiable information is on your credit report.
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.