Is Lexington Law Credit Repair Worth The Investment?

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If you are considering credit repair, you are not alone.  Many Americans suffer from poor credit for a variety of reasons.  One of those reasons can be errors and incorrect information.  It is more common than you think to have errors on your report.  In fact, according to the Federal Trade Commission, about 5% of credit reports have errors on them.  If you are able to fix those errors, you can expect your credit score to go up.

With that being said,  it is not that easy to spot these inaccuracies if you are not familiar with how to read a credit report. This is when hiring a reputable credit repair company is worth looking into.  Lexington Law Credit Repair has been around since 1991 and has help hundreds of thousands of consumers restore their credit to good standing.  Having a favorable credit score is very important to your overall financial health.  For this reason, if you suffer from poor credit, it is essential that you try to do something about it.

What does credit repair entail?

The basic function of a credit repair company is to find and dispute errors on your credit report. They handle all communication and any exchange of paperwork with the credit bureaus.  The types of services you receive outside of this vary by company and most companies have a range of plans to choose from.  Once your credit is back to where you want it to be, you can discontinue the services.

Who is Lexington Law?

If you have started researching reputable credit repair companies, you definitely have come across Lexington Law Firm.  This is for good reason. They are one of the biggest names in the space and have successfully restored the credit of hundreds of thousands of consumers since 1991.  They have headquarters in Utah and employ over 20 fully licensed lawyers across 19 different states.  Furthermore, they specialize in credit law.  According to their website, in 2017 alone, they were able to remove over 10 million negative items from clients’ credit reports.  Click here to read a full review of Lexington Law.

What can Lexington Law’s services do for you?

As a credit repair company, it is Lexington Law’s job to resolve and dispute any inaccuracies found on your credit report.  They will begin by requesting a copy of your credit report from the three major credit bureaus (EquifaxExperian and Transunion).  Lexington Law will then carefully examine the entire report for any possible items to dispute.

Here are the types of items they will try to challenge and have removed:

  • Charge Offs
  • Wage Garnishments
  • Judgements
  • Liens
  • Foreclosures
  • Collections
  • Repossessions
  • Late Payments
  • Bankruptcies

One of the benefits of going with Lexington Law is their in-house legal staff that will be handling all communication with the credit bureaus.  Each lawyer has been fully trained in consumer protection law, credit law and consumer advocacy.  In addition, you will have 24/7 access to their experts for any questions and they will also provide you with ongoing updates on how your case is moving forward.  Ultimately, their goal is to help you restore your credit so you can meet all your personal finance goals.

 What Lexington Law cannot have removed for you

Not just any item can be disputed on your credit report.  If you have real debt that can be verified with a creditor, this cannot legally be removed.  With this type of debt, Lexington Law would work with the debt collector to put together a payment plan for you.  In order to increase your credit score, you need to make sure you make your monthly payments on time.

Lexington Law Plan Options

There are three plans to choose from with the most basic plan being for those with simple errors to correct.  The plan that is right for you will depend on how much credit repair you need.

Concord Standard: $89.95/Mo

Concord Premier: $109.95/Mo

Premier Plus: $129.95/Mo

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Is Lexington Law Worth Your money?

When it comes to credit repair services, a reputable company cannot guarantee any results.  In addition, each person’s credit situation is different so there is no one size fits all approach.  With that being said, with over 20 years experience, Lexington Law has received thousands of positive reviews, so they are doing something right for their customers.  Most customers are seeing positive results within about six months.  On average, they are removing about 10 negative items per customer over a four month period.  All this is dependent though, on the state of your credit when you sign up for their services.

At the end of the day, if your credit is suffering, Lexington Law just may be able to help.  If you can improve your credit, your finances will be better off in the long run when it comes time to secure financing.  You will be eligible for more competitive interest rates; therefore, saving you potentially thousands of dollars.

 

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