Should You Pay Lexington Law To Repair Your Credit?

When it comes to credit repair services, Lexington Law has been consistently rated as one of the top companies on the market. They have been in business since 1991 and their decades of experience has allowed them to effectively improve the credit scores of thousands of consumers.  So is this credit repair service the right one for you?  In this article we will cover who Lexington Law is and what they offer in terms of credit repair.

What is Lexington Law’s Background?

As a leading credit repair service, Lexington Law has more than 20 lawyers on staff and their specialty is credit law.  These two features make it stand hands above the competition.  Most credit repair services do not have these features.  In 2017, they were able to remove over 10 million negative items from clients’ credit reports.  Those numbers alone give you an idea of how trustworthy and competent Lexington Law is when it comes to credit repair.

What Can Lexington Law Offer You?

As a law firm, Lexington Law staffs over 24 licensed lawyers in 19 states.  Every lawyer has received advanced training in consumer protection law, credit law, consumer advocacy as well as current issues surrounding credit reporting. They offer a free initial consultation as a part of their credit repair process.  You will receive a free TransUnion credit report along with a FICO score summary.  During this free and personalized initial consultation,  Lexington Law will get the chance to review your current credit situation.  They will then let you know the best course of action for removing negative items from your credit report.

Here are some of the negative items Lexington Law has been able to remove for their clients:

  • Collections
  • Wage Garnishments
  • Late Payments
  • Charge Offs
  • Judgements
  • Bankruptcy
  • Settlements
  • Liens
  • Repossessions
  • Foreclosures

If you decide to enlist their services, Lexington Law will begin drafting up dispute letters for each of the three major credit reporting bureaus (Transunion, Experian and Equifax).  When the credit repair process begins, you will have access to 24/7 support from Lexington Law’s team of professionals.  Contact them anytime with questions you might have.  They will also provide you with ongoing updates on the progression of your case. Ultimately, it is the mission of Lexington Law to help their clients get their credit back on track so that they can meet all their personal finance goals.  Click here to read a full review of Lexington Law.

What cannot be removed from your credit report

Certain items on your credit report cannot be removed.  If there is real debt on your report that can be verified with the creditor, this cannot be disputed.  In this instance, Lexington Law would try to put together a payment plan with the debt collector. Once this is in place, you want to make sure you make the payments on time to help bring your credit score up.  

Here are their plans

Lexington Law offers three plans.  The service plan you end up choosing will be based on the level of credit repair you need.

Concord Standard: $89.95/Mo

Concord Premier: $109.95/Mo

Premier Plus: $129.95/Mo

See the source image

Are Lexington Law’s Credit Repair Services Worth Your Money?

As with any credit repair service, Lexington Law cannot guarantee certain results. Furthermore, there is not a one size fits all approach when it comes to repairing someone’s credit.   With that being said, with over 20 years experience in the credit repair industry and thousands of positive reviews, they are doing something right. Many of Lexington Law’s customers are seeing positive results in about six months.  On average they claim to be able to remove around 10 negative items per client over a 4 month period.  Of course these results are ultimately dependent on the state of your credit when you sign up for their services.

When all is said and done, if you are able to improve your credit, your finances will be better off in the long run.  When it comes time to secure a loan, you will be in a better position to secure a more favorable interest rate.  This could wind up saving you thousands at the end of the day.