Overview of Lexington Law Firm and the recent changes made by the firm
Lexington Law is a credit repair firm that has been providing its services to consumers for more than a quarter of a century. It has been in service for more than three decades; thus, it is one of the oldest and most recognizable credit repair businesses. Based in Colorado and Sunnyvale, California, Lexington Law believes it has assisted more than 500000 customers to enhance their credit scores.
Lexington Law is a well-known law firm that specializes in providing legal assistance in different cases such as bankruptcy and credit repair.
Lexington Law mainly deals with the repairing of credit information. This involves challenging some of the items that appear on your credit reports that may not be verified, or are false or old. Their credit experts deal with the communication with the credit bureaus and with your creditors in the fight against these items. The objective is to reverse perceived errors and other flawed data which are detrimental to your credit rating.
Some key things Lexington Law assists with include:
- It involves the process of recognizing the adverse entries on the credit report that the consumer can contest including; paid and unpaid mentions that depict late payments, charge-offs, and collections.
- Writing the letters of dispute to credit bureaus and contacting your creditors directly
- It offers specialized dispute advice depending on your credit history.
- Credit checking and disputing after the loan had been approved
- Some suggestions to assist you in maintaining a better credit rating in the future
This is to eliminate eligible negative items that will make an impact on your credit score with the three major credit bureaus: Experian, Equifax, and TransUnion. The general satisfaction of customers and contact convenience with the firm is based on the fact that, according to Lexington Law, students have generally augmented scores within only four months.
Recent Developments
Lexington Law was in the news within the past few years due to several legal cases involving injustice in advertising and failure to deliver results.
A class action lawsuit was filed in California in the year 2021, the allegations were that Lexington Law was deceiving its consumers through advertising that they could legally erase negative entries from credit reports. Of course, some of the false or unsupported items can be challenged and delisted; the lawsuit questions the company’s ability to delete all the negative listings, which may set the wrong expectations for the consumers.
In another suit in the earlier half of the year 2022, Progrexion, the parent company of Lexington Law, agreed to pay millions of dollars in a lawsuit filed by the District of Columbia for the violation of the promotional laws and regulations where Progrexion was accused of using misleading adverting and making misleading claims that their services were capable of improving the credit scores of the consumers.
In the lawsuits, Lexington Law did not admit to any wrongdoing in implementing the settlement agreements, but they committed to modifying some of their advertising messages and gave fines.
This recent legal scrutiny appears to reflect a perception that consumers are being given the wrong impression about what Lexington Law credit repair services can do for them within the credit reporting legal system.
Here Are Some Pros and Cons of Using Lexington Law
Overall, Lexington Law is one of the most distinguishable market participants specializing in credit repair services. For this reason, through their experience that spans decades, they may have assisted several consumers to maintain or rebuild their credit by correcting factual errors and eradicating qualified negative items from the credit report.
However, recent legal activities concerning their advertising claims show that consumers ought to have an idea of the real chances of their score removal and enhancement. It’s important to note, however, that not all negative items can be deleted from your reports, even if they are untrue.
As is the case with any credit repair service, what you must remember is that the mere act of disputing all the negative entries in your reports will not help too much in increasing your scores. The degree of the improvement of actual scores will, therefore, depend on other factors of the broader credit profile and history.
So before you commit and sign up with Lexington Law, be sure to acquaint yourself with the specifics of what the firm entails and what it can deliver to you as well as the terms of your contract in case you are not fully satisfied with the outcome. The next aspect that will be important to ensure the value is realized from the outlined repair process is managing expectations to avoid the notion of being deceived.
Call now for expert credit repair services: (888) 803-7889
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