Lexington Law Credit Repair: An Overview

If you have already tried all of the finest personal loans and have made your way down the debt consolidation route only to discover that you need credit repair, Lexington Law Firm credit repair may be a good alternative.

The first law company in the United States to provide credit repair Lexington laws services was Lexington Law, which continues to be one of the most reputable companies in the industry. Customers can resume taking out loans once again when the organization can repair their credit scores by eliminating bad things from their credit reports.

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• Best debt consolidation companies

It’s worth noting that in May this year, the Consumer Financial Protection Bureau filed a complaint against the firm for soliciting and accepting banned advance payments and making false marketing statements. The case is now pending in the United States District Court for the District of Columbia.

Even though this case is ongoing, Lexington Law has assisted over 500,000 individuals since it was founded in 1991. Since 2017, the firm claims that it has assisted customers in removing more than 10 million bad credit entries from their credit reports. Is this the company that can repair your credit? Continue reading to learn all there is to know about Lexington Law.

Cost

With three different subscription choices, Lexington Law is quite upfront about its fees. The first plan, called Basic, will cost you $89.95 a month. With this plan, you will get Bureau Challenges and Credit or Interventions, essentially all that is required to repair your credit

In addition, for an additional cost of $109.95, you can purchase the Premier plan, which gives you access to tools such as InquiryAssist, Score Analysis, ReportWatch, and TransUnion Alerts. The Cease & Desist Letters, a FICO score tracker（Click here to Tile Mate: An Overview）, Personal Finance Tools, and Identity Protection are all included in the highest option, PremierPlus, which Lexington law credit repair prices costs $129.95.

Personalized Support

The personal touch is one of the most appealing aspects of working with Lexington Law. This is because a personal account representative has been assigned to work with you. This is wonderful for several reasons, one of which is that any humiliation you may feel over the scenario will remain between you and that individual alone. Since your representative is familiar with your situation, you won’t have to repeat information about yourself each time you communicate with them.

This should also imply that you have someone keeping an eye on your case to ensure that it stays progressing, assisting in the prevention of stagnation and ensuring that you are getting the most out of your monthly payment. One may contact the company at any time of day or night by phone, e-mail, or online chat, which is another beneficial feature of the service.

Learn Your Power

Doing little research online and managing your credit rating alone might help you save money. On the other hand, if you don’t want the headache, you should hire a business. By offering materials to educate you on Lexington Law group credit repair work, Lexington Law wants to assist you in maximizing the advantages of both.

As such, the Lexington Law site has a Credit Education part with eight primary subjects loaded with material and a blog with hundreds of posts. The following are the primary subject areas:

• Improve credit score
• Credit 101
• Credit Repair
• Negative items
• Credit bureaus
• Life events
• Loans

What Information About Your Credit History Can You Get Rid Of?

Lexington Law may delete several negative items from your credit history to get you back on the loan ladder. (Read more about similar products: Regions Personal Loan) It is in a good position to assist, given that the company maintains working relationships with all three major credit bureaus. The following are examples of things that it can fight against and maybe get rid of:

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

Sign-Up and Service

When you have registered, you should anticipate a paralegal contacting you within 24 to 48 hours. After that, you will be required to provide some information for them to get your credit reports from the three main credit agencies: TransUnion, Experian, and Equifax. You will then be required to provide some information. After that, someone will contact you to update you on the situation.

After then, any communication will be worked up, and it will be forwarded to creditors as well as reporting bureaus. At that time, ideally, all of the problems have been fixed. You should plan on this taking many months, and in all likelihood, you should give it at least four months before entertaining the idea of looking elsewhere. Don’t invest too much in what happens in the first two months. Naturally, this differs from person to person, but the safest bet is to keep your expectations realistically modest. If any changes are made to your credit reports that might have a good or negative impact on your score, you will be notified via email as soon as these changes are made.

Pros

• Lexington Law offers a free credit repair consultation. Is Lexington law credit repair legit？ During this consultation, you can talk with a professional and get advice on the credit repair service package that will suit your needs the most.
• Provides a variety of discounts, including one for new clients that amount to a savings of fifty percent off the initial work expenses, as well as discounts for friends, family, and military personnel.
• Insurance against identity theft is available and included with every Lexington law for credit repair package. Several of our rivals either tack on an additional fee for this coverage or don’t provide it.

Cons

• There are only 19 conflicts every cycle of 45–60 days with Lexington Law. Some credit repair firms allow their customers to submit unlimited complaints each month.
• Most credit repair services include a money-back guarantee for a certain period, such as ninety days. Nevertheless, some of these businesses do not provide this guarantee. Lexington Law does not provide this kind of warranty.

Types of Services

Lexington Law provides tiered programs depending on the degree of credit repair you need, similar to many other credit repair organizations. Individuals who need just little support may find that its Concord Basic plan meets their needs, while those who require more comprehensive assistance may find that Premier Plus plans or Concord Premier better meet their needs.

When you sign up for a plan, Lexington Law starts working on your credit. Even while you won’t notice any results on day one, at least you’ll have peace of mind from knowing that the job has already started. The following is an overview of the services that come with each plan, followed by specifics on each service:

Credit Disputes

Each cycle of 45 to 60 days, Lexington Law may send Equifax, Experian, and TransUnion up to 19 credit dispute letters on your behalf. If it finds information on your credit reports that is inaccurate or outdated, it can send a dispute letter to each credit bureau to assist in remedying the problem.

Creditor Assistance

You will get creditor help or creditor intervention if you are a client of Lexington Law. To assist you with some credit concerns, such as missed payments or the confirmation of a debt, the business will communicate with your creditors via this service.

If you’ve recently experienced financial difficulty, Lexington Law may write a letter of goodwill urging a specific lender to avoid reporting late payments. A debt validation letter, which is often given to verify a debt that a borrower thinks is invalid, may also be sent. Depending on your plan, it may also send “cease” letters to creditors, asking them to stop contacting you about a debt. Click here to discover Freedom Debt Relief.

Inquiry Help

With erroneous or out-of-date hard inquiries on your credit reports, Lexington Law’s Inquiry Assistance service may help. The business will contest any dubious or too rigorous inquiries on your behalf.

Identity Theft Insurance

According to data conducted by the financial consultancy company Javelin Research, almost 15 million people in the United States had their identities stolen in 2021. Sadly, identity theft is all too widespread, and the damage it can do to your credit score may be catastrophic. As an additional layer of defense, Lexington Law provides its clients the option to purchase identity theft insurance, which provides coverage of up to $25,000, monitoring 24 hours a day, seven days a week, and real-time notifications.

Debt Management Service

You may benefit from Lexington Law’s debt management program if you have accumulated substantial credit card, student loan, or medical debt.

Credit Alerts

If there are any updates to the information included in your credit report, you will be notified as soon as possible by Lexington Law. Its credit alerts could assist in preventing severe harm to your record or detect possible identity theft at an earlier stage.

TransUnion Report and FICO Score

You can access TransUnion credit report and FICO Score if you subscribe to the Premier Plus package provided by Lexington Law. It might be good to keep track of your efforts toward improved credit by looking at how your score has evolved (and why) and why.

Lost Wallet Protection

If you lose your wallet, you often need to replace your driver’s license, cancel all your credit cards, contact your bank, post a fraud alert on your credit reports, and more. To assist in alleviating some of the stress associated with losing your wallet or having it stolen, Lexington Law provides lost wallet protection.

Personal Finance Manager

The Personal Finance Manager at Lexington Law may be able to assist you in improving your long-term ability to manage your money.

Junk Mail Reduction

If your personal information is contained in unwanted junk mail and you don’t shred it before throwing it away or recycling it, you might put yourself at risk for identity theft. The junk mail reduction function of the Lexington Law Premier Plus plan assists in reducing the quantity of unwanted mail that you get.

What Users Say

The firm has a rating on the website, even though it is not BBB recognized; nonetheless, the grade is only a C since it has just over two stars out of five based on 314 customer reviews. Visit ConsumerAffairs, where it has a rating of 3.1 stars out of five based on 326 reviews, with 180 giving it five stars, 108 giving it one star, and 38 in between.

Verdict

It is good knowledge that Lexington Law is an extremely reputable law practice with strong relationships with the three most significant credit bureaus and a tried and tested procedure for repairing credit.

This option stands out from the competition due to its individualized service and round-the-clock customer support. This enormous company will probably deliver favorable outcomes on at least some level, even if getting them may take some time and vary depending on your situation’s specifics.

Frequent credit monitoring and notifications are wonderful extras that help you stay in the know, much like the educational materials that might assist you with your case. A credit report charge and wait times might be bothersome, but this is a fantastic pick since there are discounts available for families, and they have a long history of winning.

All of this is based on the assumption that the allegations made in the lawsuit against the company are not true. If this is the case, the company’s image will be severely harmed, making it impossible to trust the company.