Lexington Law firm is a credit repair firm that has been around since 1991 and helped countless people come back from low credit scores or financial crisis. With over 7.5 million negative credit items removed in 2015 alone, this company has a long and pristine track record of helping people come back from credit problems.
They have an impressive track record and a great reputation. Our Lexington Law review will look deeper into these statistics and the services they offer. We’ll also look at how past customers have felt about the company to help you decide if Lexington Law is the credit repair service for you.
How Much Does Lexington Law Cost For Credit Repair Services?
The services offered at Lexington Law firm are all centralized around repairing credit through the removal of errors and negative elements on your report. This process has been proven to cause a rise in your credit score. A strong credit score empowers you to reach major life milestones like the purchase of a home, car, or even applying for a credit card.
Since credit is so incredibly important for your financial health, it’s important to use professionals, like the ones at Lexington Law, to remove as many negative aspects of your credit as possible.
While there are systems in place for consumers to try and DIY their credit cleanup, without proper knowledge of credit laws and supporting documents, it can be extremely difficult to find success without the help of those with experience and knowledge of these processes.
Credit laws state that consumers have a right to fair, accurate, and substantiated credit reports. Lexington Law leverages these laws to help remove errors and discrepancies from your credit report that would otherwise remain for up to seven years!
Here are some examples of the items that can potentially be removed:
- Late payments
- Charge offs
It’s important to remember what the purpose of credit repair is: to invoke consumer protection statutes to help put you on the track to financial health. Lexington Law is very clear about their services. Most importantly, they remind consumers that truly healthy credit can only be created through smart budgeting and financial responsibility.
You can even call the Lexington Law phone number: 1-888-536-1389
It’s also important that your disputes have strong foundations, to avoid wasting time. There are three levels of service that Lexington Law offers for credit repair:
1. Concord Standard
This first level of service is $79.95 per month. This basic plan offers the essential services you need to repair your credit reports through ethical practices. With this package, Lexington Law will act a liaison between you and your creditors, in addition to the credit bureaus. They will work with them on your behalf to ensure accurate and fair credit reports.
The main features here include:
- Bureau Challenges – Disputes any errors or unfair elements in your credit report
- Creditor Intervention – Lexington Law will work with creditors to accurately present your reports and credit score.
2. Concord Premier
This plan is offered at $99.95 per month. This takes the standard’s basic services and adds in additional features. Credit monitoring, actionable alerts, and reports are provided. Here is what you can expect from this plan:
- Bureau and Creditor Disputes – The same credit repair services you get with the standard plan.
- Inquiry Assist – Tools to help you understand your legal rights and dispute unfair damages to your credit score.
- Score Analysis – A personalized monthly breakdown of your credit score based on five separate factors.
- Report Watch – Coaching on how to understand and handle credit report changes.
- TransUnion Alerts – Daily credit monitoring and alerts from TransUnion
This next plan is $119.95 per month. This plan includes all of the features in the standard plan, but also adds coaching services and both FICO score/TransUnion data each month. You’ll also be given real-time identity fraud alerts and tool to help you manage your finances.
Here’s a full list of the features:
- Bureau Disputes & Creditor Communication – The same disputes and interventions from the previous plan are included.
- Inquiry Assist – Legal tools are provided to challenge unfair credit score damages and ensure accurate credit reports.
- Score Analysis – Using five different credit score factors, Lexington Law will give you a personalized analysis each month.
- Report Watch – Coaching will be provided to help you understand and challenge credit report changes as they occur and you find them to be in error.
- TransUnion Alerts – Daily credit monitoring from TransUnion with communication via email or text.
- Cease & Desist Letters – Lexington Law will send C&D letters to abusive debt collectors on your behalf.
- FICO Score – You’ll receive your FICO score each month
- Identity Protection – Financial fraud alerts are delivered 24/7 in case of a situation.
- Personal Finance Tools – Keep track of your credit accounts and finances with personalized finance tools
When you decide to sign up for one of these three plans, you will be charged a first work fee between 5-15 days after signing up for the services. This is for the initial work completed. After that, you’ll be charged every 30-days.
Lexington Law does not require any contracts or obligations. Their services are month-to-month, with the option to cancel at any time. One final bill is sent when you cancel for services already completed.
Does Lexington Law Credit Repair Work?
Credit repair has become more and more complicated since laws were passed to protect consumers from fraudulent charges and errors on their report. With 25-years of experience in this industry. Lexington Law boasts a lot of success stories in their effort to help people improve their credit scores.
This is the process Lexington Law firm uses to help consumers with credit cleanup:
1. Case Intake
It all begins with you. Once you’ve signed up for services, Lexington Law will acquire your credit reports from each of the three major credit bureaus: Experian, Equifax, and TransUnion. They will also collect other types of information based on your unique situation.
This can include but is not limited to supporting documents and information they can use to support your disputes.
2. Legal Action
Lexington Law will assign a team of attorneys and paralegals with knowledge of the various credit laws to your case. These individuals will use the full power of the law to pinpoint and dispute any errors or misrepresentations in your credit report.
3. Credit Score Analysis
The next step is reserved for the Concord Premier plan holders. This step involves creating a personalized credit score improvement analysis each month. In this report, clients will receive targeted information that can help them raise their credit scores.
Paralegals are also available via phone, email, or website chat to offer coaching that provide additional insight for clients seeking tips.
4. Follow-Up & Escalation
As the disputes are filed, Lexington Law leverages the 25+ years of experience they have to ensure that all of your rights are being acknowledged per the credit laws in place. You’ll need to stay vigilant as well, and pass along any communication you get from the credit bureaus.
With a mobile app, and the ability to monitor your case 24/7, you’ll always be in the loop on any changes to your credit and the progress of your credit repair.
Frequently Asked Questions About Lexington Law
Before we wrap up our review of Lexington Law, let’s take a look at some frequently asked questions that consumers have had about this company and credit repair in general:
1. How Can Bad Credit be Repaired?
As a consumer, you have specific rights regarding your credit reports. Specifically, if there’s anything on there that doesn’t properly showcase your behavior as a consumer, then you can legally have that information removed.
By leveraging the Fair Credit Reporting Act (FCRA), the Fair Credit Billing Act (FCBA), and the Fair Debt Collections Practices Act (FDCPA), you can dispute these types of negative items on your credit reports.
By filing disputes with the credit bureaus and working directly with your creditors, you can potentially have certain items removed for being inaccurate, or because they resulted from a situation where you had no control.
2. How Long Does it Take to Improve Your Credit Score?
No credit repair service can ethically promise a specific time and number of points you’ll earn back on your credit score. Such promises could indicate a non-legitimate credit repair company. Thankfully, Lexington Law makes it very clear that they do not do this with their clients.
There aren’t guarantees when it comes to specific items on your report, or how much your credit score will improve. This is due to the fact that every case is incredibly different. Lexington Law does promise to complete the tasks promised to you each month as part of your contract and chosen plan:
- Sending creditor interventions and bureau disputes
- Preparing monthly credit score analysis
- Applying other features based on your plan
The best way to set your expectations is to look at what past clients have seen from Lexington Law credit repair. Statistically, past clients have seen an average of 10.2 items removed within the first 4 months. The biggest takeaway here is to stay away from companies that promise to clean up your credit in 30 days. This isn’t possible, which is why Lexington Law takes an honest approach.
3. Can Removed Items Reappear on My Credit Report?
In most cases, once something has been removed from your report, it shouldn’t appear again. That being said, there are some cases when creditors verify and replace deleted listings. In these cases, they are required to inform you prior to them reporting it.
The Fair Credit Reporting Act makes it difficult for this to happen. If it does happen to you, Lexington Law does have systems in place to challenge these listings again if there’s a strong foundation to do so.
4. Are Credit Repair Results Guaranteed?
While there are legal ways to repair your credit, Lexington Law cannot guarantee any results when it comes to credit repair. Anyone that does is most likely a fake company that will not help you improve your credit. Instead, Lexington Law follows the highest possible standards when assisting customers.
The 25-years of experience with credit repair, and the long-running success shows that, statistically, the odds of success are very high. Under the current laws, it is illegal for any company to guarantee results.
5. Why Does Lexington Law Refuse Faxed Credit Reports?
While faxing is a fast way of sending documents, Lexington Law does not accept faxed credit reports. The only way they take them is via mail or electronic means. The reason for this is rooted in accuracy.
Faxes can vary immensely in their overall quality. As a result, certain information can come out illegible or impossible to read. This can make getting accurate information problematic, and without that, it’s very difficult to properly dispute claims.
Is Lexington Law Credit Repair Worth It?
Credit is one of the most important aspects of your financial standing. It’s not something to forget about. While it is possible to DIY your credit repair, unless you have experience with credit consumer laws, you may get caught up in the red tape both the bureaus and creditors have in place to make this process more difficult.
If you have bad credit, simply paying your bills isn’t enough. You need to also work to have negative items removed from your credit score. Our Lexington Law review has revealed that this is a legitimate credit repair company that follows the highest standard of ethics.
The varied service plans offer something for everyone’s needs, and their prior track record is very positive. If you’re interested in trying out the services offered by Lexington Law firm, they also offer a free consultation.
Ultimately, this is one of our top picks for a credit repair service. Their high standards of quality and ethics make them a trustworthy company. Their track record and results offer the best possible chances you can have to repair and rebuild your credit. Contact Lexington Law today for a free consultation!