Lexington Law is another famous credit repair company that you could try out since they are one of the best in the market. But how effective are they in terms of enhancing the customers’ credit scores and deleting unfavorable data on credit reports? In this blog post, we will be discussing the success rate of Lexington Law as a credit repair company using the data available and feedback from customers.
How do the People of Lexington Law express their Success Rate?
On the homepage of Lexington Law website and on the commercials it has aired, it asserts that it has assisted more than 500000 consumers to repair their credit. They boast of their experience, legal arsenals, and capability to deliver positive outcomes are among the common features. However, there is no published ‘success’ percentage that they quote in their cases handled. This is because credit repair, by its nature, varies greatly from one client to another since it is not a ‘one size fits all’ business. We can only look at some of the data and try to gauge how successful Lexington Law is at this point.
A Few Reasons to Explain Why Lexington Law Has Happily Guided So Many Away From Bankruptcy
It is important to note, however, that Lexington Law does not boast a particular success rate; however, websites that analyze the financial success of the company have tried to estimate its efficiency for the clients. Here are some of their key findings regarding Lexington Law’s success rates:
- Lexington Law CreditRevo has also surveyed over 600 real customers of this company and it has been revealed that the effectiveness of the company is 9 negative items that are deleted from the credit reports of their clients. The analysis of the customers indicated that 60 percent of the customers who took the course had their credit score raised by an average of fifty-five percent.
- Specifically, MoneyGeek conducted an impact analysis based on their actual work with 20 Lexington Law clients for 6 months. They were able to discover that the average number of Items removed per customer was 5 Items and the average improvement in credit score was 45 points.
- Lexington Law was used to assess success because 176 customers of the company were reviewed about their credit reports. Analyzing the responses according to the general success of the results depending on the absence of negative items in the first credit report analysis, a score of 81% was received. In particular, customers with poor credit scores were able to have an average of eight negative items deleted from their credit reports.
Even though there is no official statistical success rate of Lexington Law, we can confidently assume that third-party statistics provide an approximate understanding that 60-80% of Lexington Law customers experience the removal of some negative items and increase in credit score with an average of 5-9 negative marks depending on the customer.
To understand the effectiveness of Lexington Law, it is crucial to know how various factors affect its success rates.
Thus, readers should remember that no two credit situations are the same, which means that the effectiveness of Lexington Law credit repair companies will also depend on the particular case. However, based on customer reviews and expert analysis, there are a few key factors that generally impact their success rates:
Customer Commitment: This means that customers need to give accurate and timely information to Lexington Law for it to address issues with the same efficiency. An involved customer yields overall higher results in the long run.
Credit History Length: Those who have more credit history have a higher success rate of having their cases handled by Lexington Law. Older histories provide the credit bureaus with more cover when dealing with such complaints.
Type of Negative Items: Lexington Law has better success dispute rates compared to the other types of negative items. For instance, they can efficiently handle the late payments however, their efficiency is somewhat low in cases of bankruptcy and student loans.
Number of Disputes Submitted: This firm is unique when it comes to filing disputes on the customers’ behalf since it can file as many as it can for a customer. Of course, the more claims forwarded over the years, the more negative entries are successfully scrubbed by credit bureaus.
Verdicts from Customers Regarding Lexington Law Firm’s Success Rates
Another crucial information that can also be gathered is the ability to find out and read real customer experiences with Lexington Law to know the real-world success rates that are associated with the service. Here are some patterns that emerge from Lexington Law customer testimonials:
Almost every single review mentions that the Lexington Law helped them increase their credit score by at least 50 and up to over 100 with the help of dispute resolutions.
- Some of the typical consumer reports include seeing negative items including; late payments, collections accounts, repossessions, and foreclosures to be deleted from their credit reports.
- Certain customers have particularly expressed satisfaction at how Lexington Law has helped remove adverse items such as bankruptcies and tax liens which are very difficult to delete on credit reports.
- Of the studies done by the customers that provided specific figures, the majority of them stated that Lexington Law assisted in the elimination of anything between 5 and 15 items on their credit report. Of these, some state even more distantly.
- Some of the reviewers mentioned that Lexington Law assisted them in getting the credit card companies to reduce interest rates on loans or get loans for mortgages they would not be otherwise granted.
By considering the above-said customer reviews, it seems safe to deduce that the likelihood of Lexington Law achieving the removal of negative items or increasing credit scores close to 70-80%. Pleased clients are observing positive effects from the solutions provided by Lexington Law including better loan conditions and new credit. However, it is also important to note that while most negative reviews may state that the results are not extensive, people’s experiences may differ.
In conclusion, though it remains unknown how successful Lexington Law claims to have been, based on the data, 60-80% of the customers achieve positive results, including negative item removal and credit score increase. The average figure is between 5 and 9 items, while 10+ items were reported by a few of the customers. It varies with the customers; however, success stories involving Lexington Law have been provided by customers who benefitted from the company’s work to enhance their credit standing and credit rating.
Call now for expert credit repair services: (888) 803-7889
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