The law firm is the market leader in the credit restoration business and its brand is almost synonymous to bad credit repair. It has a team of paralegals and attorneys who help clients to resolve credit report problems through variety level of services.
Lexington Law is not a BBB accredited business. The BBB processed a total of 559 complaints about this company in the last 36 months. Of the total of 559 complaints, 194 were closed in the last 12 months.
How Lexington Law Firm Works
There are three levels of services for credit repair help: Lexington Standard, Concord Standard and Concord Premium.
These services range from credit report disputes and deletions to credit score monitoring and improvement, which you can cancel at any time. You will be able to choose a level of service that will meet your needs and then enroll in their credit repair service online or by phone.
If you enroll in their credit restoration plan you will need to pay a one-time set-up fee and a recurring monthly fee.
Once you send a copy of your credit report and write down the incorrect items you wish to dispute the company sends dispute letters to credit bureaus. You will then need to send new reports to the firm about every 90 days.
Pros and Cons of Lexington Credit Repair
Some clients reported they are successfully repair their credit reports and have positive experience with the firm. Some customers found their basic service to be working so well so they bumped up to the higher levels of service.
Their services are backed by money back guarantee, if disputed items aren’t deleted. You won’t get charged if they cannot deliver.
The Federal Trade Commission may say “self-help may be best”. But there is a unique situation where you have to remove inaccurate information on your credit reports but you cannot or don’t want to do it yourself.
You can expect, however, to find some complaints from their clients on consumer protection websites.
Some of the complaints are related to billing and the time to remove negative items. These customers spent relatively significant amount of money but got insignificant credit improvement in return.
Is the Lexington Law Firm Worth It?
Lexington Law firm doesn’t offer debt help because they don’t directly provide debt relief services.
What they do is credit restoration services. If you’re looking for a loan, for debt consolidation or another purpose, they can help improve your credit. Better credit is your way to get approved for a new loan, with favorable terms.
Did you see incorrect negative information when you viewed your credit report? Do you want to remove the negative items by yourself?
If the answer is no, consider contacting the company’s representative. Ask the representative to learn more about what the law firm can do for you.
Be an intelligent consumer. To avoid the negative experience faced by some customers, ask the time they will need to remove the inaccuracies found on your credit reports. Then using Google and credit repair forums, check whether the answer makes sense.
Once you get a quote, review it based on your expectations. Make sure you can afford the fees. Also, make sure the potential improvement of your credit can justify the fees. Based on your the review, decide whether to go ahead with their service or not.
One last thing, check your expectations. Don’t expect them to do what they can’t do. They can’t erase accurate negative information. The company can only remove incorrect items–misleading, inaccurate and unverifiable information–off of your credit report.