Lexington Law Firm is a credit repair agency that claims to help consumers improve their scores by disputing inaccurate negative items on their reports and offering educational resources on personal finance. Unfortunately, Lexington Law Firm has received some negative press in recent years, making them not necessarily the ideal option when looking for reliable credit repair services.
Lexington Law offers four credit repair plans, with their most comprehensive option costing $179 monthly for up to six months. Each plan provides services like bureau challenges, creditor interventions and dispute assistance as well as identity theft insurance and credit score monitoring reports. Although they don’t offer money back guarantees they do provide free consultations.
According to Lexington Law’s website, their clients typically work with them for six months before experiencing changes to their credit reports or scores. On average, these improvements typically range between 40-60 points; this number may change depending on how many inaccurate items have been removed from a report and their impact on one’s score.
Lexington Law stands out as a legal firm due to their experienced attorneys, which they use when disputing items on your credit report. This makes them stand out from other credit repair agencies, and explains their higher price point.
Credit repair begins with an analysis of credit reports by an account specialist, who reviews each record to identify any possible discrepancies or red flags. Lexington Law will then send letters on behalf of their clients requesting removal of negative items from their report by creditors who feel inaccurate information has been reported; many times these creditors agree, though this cannot be guaranteed as it depends on individual cases and lenders themselves removing negative marks as part of an arbitration agreement if Lexington Law cannot successfully remove all negative items from a consumer’s report.
Lexington Law’s credit repair services also include ongoing credit monitoring, which detects any new, inaccurate items added to a consumer’s report – such as collections, public records or paid debts that still show as unpaid – which serves to keep negative information off a credit report and maintain healthy scores. This proactive measure can prevent negative information from appearing again later and protects your score in the process.
Lexington Law offers customer service through both phone lines and live chat on its website, open Monday to Friday 7 a.m. to 7 p.m. MST. Additionally, unlike some credit repair companies that charge cancellation fees or require an upfront contract agreement upfront contract terms aren’t necessary with Lexington Law – you can terminate any time without incurring additional costs or cancellation fees! For more tips on improving your credit check out our guide to debt settlement.
