Originally established in the year 1991, Lexington Law has helped many people throughout the years repair their credit. The website for the company claims that they have helped remove almost 7,400,000 negative items off of their client’s credit reports just since the year 2014.
- Great History
- High Succss rate
- Free consultation and education
- Transparent Information
- After thorough review process we didn't find any major cons.
The track record for the company along with their reputation are quite impressive.
A credit report is a very important document that can have a great effect on your overall financial health. When you have negative items on your credit report it can affect your overall credit score. A lower credit score can mean the difference between qualifying or not qualifying for a specific loan or line of credit that you may need.
Poor credit scores can also result in getting pinned with higher interest rates on the loans that you are approved for. This can cost you thousands of dollars a year in interest costs alone. With all of the negative impacts that a low credit score can have, it is easy to see why it is important to maintain a high credit score at all times.
This is where the services of Lexington Law can help. The company can help you remove negative items from your credit report that may be affecting your credit score in a negative manner.
There are several items that Lexington Law can help you remove from your credit report. These include:
- Late payments
- Charge offs
In addition to the above there are other items that the company may be able to remove from your credit report as well.
When you sign up for an account with Lexington Law you will first be provided with a free case evaluation. During this evaluation the experts that work for the company will be able to help you gain access to your credit reports from all three of the major credit bureaus, TransUnion, Equifax, and Experian.
This step is completely free as the credit bureaus are required to provide every consumer with one copy of their credit report for free each year. However, it is important to note that if you have already pulled your credit reports from all of the bureaus, you may incur a cost in order to obtain the latest copy of your report for Lexington Law to use.
Once you have obtained your credit reports, the experts at Lexington Law will collect information from you about all of the questionable items that are found within your credit report.
Once the company has scoured through the information on your credit report, a team of lawyers will start creating dispute letters for each of the items. These letters will be sent to each of the 3 credit bureaus.
Since Lexington Law has years of experience in dealing with disputed items on credit reports, the success rate for the company is quite high. Using these services greatly increases your chances of getting items removed from your report rather than trying to do it yourself.
When you sign up for your account and the process of disputing false information on your credit report begins, you will be granted access to an online area that allows you to check on the progress of your account in real time.
All of the information gathered and used by Lexington Law is totally transparent and you are able to see the status of each dispute that the company has made on your behalf. You can also watch these items drop from your credit report.
One of the things that you should always look at when you are evaluating a credit repair company is the success rate of the company among its clientele. When it comes to Lexington Law, the numbers really speak for themselves.
The company has had more than 7 million negative items taken off of credit reports just over the past two years. The clients of Lexington Law have had an average of just over ten negative items removed from their credit reports. Experience also speaks volumes and Lexington Law has more than 24 years of credit restoration experience.
Perhaps the most telling information about Lexington Law is the fact that it has an A+ rating from the Better Business Bureau. This rating is telling because it means that there have been no severe complaints about the company from its past clients. The majority of the people who use the services provided by Lexington Law are happy with their results.
There are two levels of service offered by Lexington Law. The first is called the standard plan. This plan is the basic service level. With the standard plan you will receive communication by the company with the credit bureaus.
There are also legal interventions provided that are targeted toward any of your creditors. This approach to fixing your credit score will improve the chances of getting negative items removed. The price for the standard account is $79.95 per month with an initial start up fee of $99.95.
The other account offered by Lexington Law is the premier account. In addition to addressing your credit report, the premier service plan offers the added benefit of identity theft insurance and credit monitoring. The price for the premier plan is $99.95 a month with a $99.95 start up fee.
When you consider the cost of having a low credit score, which can have you paying higher interest rates or even keep you from getting the loans that you need, it is evident that a service like the ones provided by Lexington Law are worth it. The service plans available are affordable for almost all consumers and the price is similar to what other companies charge.
The company has an A+ rating from the Better Business Bureau and offers almost 25 years of experience in the industry. If you are looking to have negative items removed from your credit account, Lexington Law is definitely worth considering.