Lexington Law was originally established in 1991, and has since helped hundreds of thousands of people repair their credit. In fact, their web site claims to have helped remove more than 7,388,795 negative items from their clients' credit report in just the year 2014 alone.
Although their track record and reputation are impressive, is Lexington Law really the best credit repair company? Or is this service full of false promises, over-exaggerated claims , and sales hype? This review will cover everything you need to know about the Lexington Law Firm, and help you decide whether or not this credit repair company is right for you.
Negative items on your credit report can have a very negative impact on your financial health. A poor credit score can result in higher interest rates, which can cost you thousands per year in overpaid interest. Not only that, it can keep you from being accepted for credit altogether.
With today's economic challenges, it's a necessity to have and maintain a good credit score. Here is what Lexington Law can help remove from your credit history:
Free Case Evaluation - Once you sign up with Lexington Law, their experts will help you obtain your credit reports from the 3 major credit bureaus (Equifax, Experian, and TransUnion). Since the law requires credit bureaus to provide consumers with one free copy of their credit report per year, this step is completely free. Lexington Law will then collect information about the circumstances surrounding each questionable item in the credit report.
Legal Action - After they review your credit report, their team of lawyers will immediately begin generating "dispute letters" to all 3 credit bureaus, objecting to all of the disputable items in your credit report. Their carefully crafted strategies allow them to obtain a higher success rate for disputes created on your behalf.
Monitor Your Results - Once signed up with Lexington Law, you will receive access to an online web interface where you can track your progress in real-time. Everything is completely transparent and you can easily see the status of every credit item dispute and watch each negative item as it gets removed from your credit report.
When evaluating a credit repair company, the biggest indicator to look at is the success rate among clients. Here's some facts to consider about Lexington Law's credit repair service.
This company offers two different levels of service depending on your situation.
Standard - This plan is called "The Concord Standard" and is their basic level of service. In addition to communication with the credit bureaus, this service also includes several legal interventions targeted towards your creditors. This multi-pronged approach helps increase the likelihood of negative items being removed from your credit report.
Premier - This service plan is called "The Concord Premier" and aims to do a little more than just addressing your credit reports with creditors and credit bureaus. This service plan offers additional benefits such as monthly credit monitoring and identity theft insurance.
Considering how much a bad credit score can cost you in high interest rates or even prevent you from getting a loan, we definitely think that Lexington Law's credit repair service is worth the price. Their service plans are affordable for most consumers and is in line with its competitors.
With over 24 years of experience and A+ BBB rating, we have confidence in recommending Lexington Law for anyone looking to remove negative items from their credit report and improving their credit score. If you're still on the fence, give their team a call and get a free case evaluation to see if they can help you.