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If you’re thinking about signing up with Lexington Law to help repair your credit, you’ve come to the right place. The Lexington Law credit repair firm is one of the most well-known credit repair companies and has been serving clients since 2004. They boast over 56 million removals from their clients’ credit reports, which is more than any other credit repair firm can say.

But is Lexington Law one of the best credit repair companies, or are there better options available? In this Lexington Law review, we’re going to share everything you need to know about this company to help you decide whether it’s the right fit for you.

Company Background

In 2004, the Lexington Law firm opened its practice, led by directing attorney-at-law John C. Heath. Based in North Salt Lake, Utah, with an additional office in Tucson, Ariz., Lexington Law now serves people from New Mexico to New Jersey and beyond. They do not currently serve Oregon and North Carolina.

While Lexington Law offers credit repair services, the firm also provides related services such as identity protection and personal finance tools.

How Does Lexington Law Work?

The credit repair process at Lexington Law involves working with credit bureaus on your behalf to challenge inaccurate items on your credit report. Because the Fair Credit Reporting Act states that credit bureaus must record only verifiable and accurate information, the bureaus will need to remove any items that don’t meet these criteria.

After verifying all your credit report information, Lexington Law will work with your creditors to address simple fixes, mistakes, and incomplete information.

While you could complete this process on your own, you’ll benefit from Lexington Law’s working relationship with all three major credit bureaus: Experian, Equifax, and TransUnion. Don’t underestimate the value of having an ally who speaks their language. And let’s be honest: Cease-and-desist letters definitely command more authority when a law firm sends them.

Once those erroneous or misleading entries are removed from your credit report, your credit score should improve.

As you can see, Lexington Law follows a legitimate process. It isn’t a magic eraser for your debts.

Ideally, you’ll come out of this experience equipped with the skills you’ll need to monitor your credit history and maintain a good credit score going forward—that kind of financial literacy is invaluable.

Click Here to Get a Free Credit Repair Consultation With Lexington Law

What Type of Negative Items Can Lexington Law Help with?

According to numbers on the Lexington Law website, the firm’s clients saw over 1.5 million removals from their credit reports in 2019 alone. These items included inaccurate or misleading:

  • Collections
  • Late payments
  • Charge-offs
  • Judgments
  • Bankruptcies
  • Repossessions
  • Foreclosures

What Does Lexington Law NOT Provide?

A “negative item” does not mean simply any item that contributes to bad credit. If you have actual credit card debt, legitimate inquiries, a pattern of late payments, or a series of charge-offs, no credit repair company will be able to get these items removed.

Repairing a genuinely bad credit score requires changes to your financial habits and a lot of patience. If you maintain those new habits, the negative items will eventually “age off” your report.

Lexington Law can only help ensure that your credit history is reported accurately and fairly. That said, the firm can’t guarantee definitive results because everyone’s credit situation is different. If any items reappear on your report after Lexington Law has requested their accuracy be verified, that means your creditors determined them to be legitimate.

How Much Does Lexington Law Cost?

Lexington Law offers three service levels at different price points:

Concord Standard

For a monthly fee of $89.85, Lexington Law’s basic plan provides all the credit repair services most people need. With the Concord Standard plan, Lexington Law will file bureau challenges and creditor interventions on your behalf.

Concord Premier

If you need more intensive credit assistance, the Concord Premier plan includes monthly analyses and ongoing credit monitoring for $109.95 per month. In addition to the credit repair services in Concord Standard, Concord Premier clients will receive:

  • InquiryAssist
  • Credit Score Analysis
  • ReportWatch
  • TransUnion Alerts

Premier Plus

At $129.95 per month, the most complete plan at Lexington Law provides all the tools you could need for credit repair and then some. If you want extra help planning your finances, Premier Plus could be the service level for you. You’ll receive all the services that Concord Premier provides, as well as:

  • Cease-and-Desist Letters
  • Identity Theft Protection Services
  • FICO Score Tracker
  • Personal Finance Tools

No matter which plan you choose, keep in mind that you won’t pay anything until after the first stage of work has been completed.

And if you’re on a shoestring budget, you can take advantage of Lexington Law’s family discount. When you sign up a household member within 72 hours of your original signup, each of you will receive 50 percent off the first work fee.

Click Here to Get a Free Credit Repair Consultation With Lexington Law

Pros

Lexington Law has set the bar high for other credit repair firms in several ways, including:

Experienced Legal Team

Because the best credit pros are familiar with the law, Lexington Law is the firm you can trust. Unlike some credit repair organizations, Lexington Law’s credit repair team actually consists of real attorneys and paralegals. With knowledgeable professionals at the helm, you can rest assured that they’ll use the correct legal channels to help you work to repair your credit.

Personalized Counseling

Lexington Law assigns every client an account rep, usually a paralegal. Because the intimate details of your negative credit history are such a private matter, it’s comforting to discuss your case with a familiar voice every time.

Exceptional Customer Service

While not quite a 24/7 helpline, Lexington Law offers a wide range of customer service availability, with time slots before and after regular business hours as well as on the weekends to accommodate your busy schedule. You can get in touch with an adviser via phone, email, or online chat.

Extensive Educational Resources

Lexington Law could simply perform its services without explanation, but instead, this savvy credit repair firm makes an effort to inform people about how credit works and how to repair it. Under the Credit Help tab on Lexington Law’s website, you’ll find free, in-depth articles covering four main topics:

  • Fixing Credit
  • Improving Credit
  • Building Credit
  • Understanding Credit

Armed with all of this knowledge, you can go into your free credit report consultation feeling more confident.

Cons

Although Lexington Law has earned its reputation as an effective credit repair firm, there is still room for improvement in some areas, detailed below.

An Extra Credit Report Costs More

If you want a monthly credit report, Lexington Law charges an extra $14.95 for each one when you choose the Concord Standard plan. That’s a steep fee for a common aspect of the repair process—especially because the three credit bureaus provide free annual reports, and apps like Credit Karma will even show you your credit for free.

Still, sticking with the basic plan will save you a few bucks every month even if you get a credit report each time.

Better Business Bureau Rating Needs Improvement

Surprisingly, Lexington Law is not accredited by the BBB and has a C rating. Most of the complaints involve people who thought the company guaranteed results, which the firm—like any legitimate law firm—doesn’t promise because each credit situation is unique.

Source: on 2021-04-05 18:18:45

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