Operating for many years, Lexington Law is a credit repair organization whose offerings seek to assist consumers in resolving their credit issues.
Though it affects you in so many different ways, poor credit is a fact that those with it must live with. For loans, credit cards, mortgage applications, apartment rentals, and other prospects you can be turned down. Still, there are ways to clean credit and eliminate issues shown on the credit records. One such organization individuals visit for assistance is Lexington Law, a credit repair company. Still, is Lexington Law able to restore your credit as it promises to do? This is how it turned out.
What is Lexington Law?
Lexington Law is one of the largest and most well-established credit repair service providers that exists in the market. It was established in 1991, and according to the information, this service has assisted more than 500,000 clients attempt to rebuild their credit. In its work, Lexington Law uses lawyers and paralegals to review reports from the three major credit bureaus, including Equifax, Experian, and TransUnion. They strive to find out more about your credit profile that may have negative influences on your scores and fight for them.
On this page, Lexington Law attempts to explain how this company helps in improving your credit.
Lexington Law utilizes a few key strategies to try and remove negative items and improve clients' credit reports:
- Credit Report Audits: Please be informed that Lexington Law will order your reports from the three credit bureaus. Credit analysts will scrutinize all the reports line by line to help you discover any mistakes on your credit report.
- Dispute Process: When conducting an audit, they will look for negative items such as late payments, and collections accounts among others; Lexington Law will challenge these problems on your behalf. In writing, they develop individualized dispute letters citing consumer laws under which the bureaus are obliged to verify the accuracy of entries.
- Goodwill Interventions: In cases, where negative marks are indeed legitimate and cannot be challenged playfully, goodwill strategies involve requesting lenders and creditors to delete them. It must be noted, however, that even if it is not legally obligatory, there may be those who will voluntarily choose to forgive some items.
- Score Analysis: Where your credit analysts will also commend and advise which aspects are dragging your scores down with each bureau. Here, it is for you; Lexington Law gives you advice and strategies on how to raise your credit score in the future depending on your credit status.
Regarding credit problems, what can Lexington Law assist in?
Lexington Law claims its services can lead to the removal of:
- Late Payments
- Charge-Offs
- Collections Accounts
- Foreclosures
- Repossessions
- Student Loan Defaults
- Fraudulent Accounts
- Bankruptcies
- Tax Liens
- Negative Settlements
- Judgments
However, Lexington Law cannot guarantee or even attempt to ensure that negative items will be removed 100%. It all hinges on the client and the creditor and/or lender’s willingness to adapt to the aforementioned changes. However, usually, at least some changes are observed in the majority of those who have ever passed through their program.
Let me explain the fees of the Lexington Law Services:
Lexington Law offers three levels of service at different costs:
- Concord Standard – $89. 85 per month
- Concord Premier is slightly cheaper at $109.85 per month.
- Premier Plus – $129.85 monthly and $450 signing up fee.
Moving to the higher levels offers customization, quick dispute, credit analyst assistance, and TransUnion credit monitoring.
Does Lexington Law Help in Increasing Credit Scores?
The Lexington Law reviews show that the clients are highly satisfied with the results obtained through the firm. The company itself claims that on average, clients see:
We have now over 10 items that were considered negative taken away
There is a bank case of a customer who has seen their credit score raised by 32 points.
They rock, I was able to have my credit score improved within 4 months.
But, please remember that different results are achieved across the cases. Although high performers, who take the test very seriously, may gain as much as 50 to 100+ points or even more, some candidates record modest gains of about 5 to 15 points. It is also important to note that some consumers may not even achieve any score improvement at all after the conduct of disputes.
Every client’s case is different, and thus, while Lexington Law assists clients in improving their credit, the company cannot guarantee any particular results. However, for those who request one, the bureaus usually provide immense credit reports and score boosts that they could not have done on their own.
Lexington Law Student Loan: Is It Right For You?
Lexington Law is a good option for consumers with negative items that they would want to see deleted from their credit reports. If you have many problems such as late payments, collections accounts, bankruptcies, and repossessions as well as other negative items that greatly affected your credit score, then Lexington Law can ease your burden a bit.
If your credit is relatively decent and you were turned into a subprime client solely due to a thin file, you most likely can adjust it yourself without paying for it. Further, most of Lexington Law’s services mentioned above, are unlikely to assist with current matters such as active debts you are still paying off.
In summary, Lexington Law is most appropriate for those wanting to handle numerous inaccurate, stale, or unrecognized negative items on their credit report. If this is something similar to your case then it may be possible that the firm can help you to get rid of some of the items to help you achieve better scores and borrowing capacity.
Call now for expert credit repair services: (888) 803-7889
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