How Lexington Law Works?
Lexington Law is a credit repair firm that assists people in raising their credit scores by challenging adverse entries on credit reports. The company was founded in 1991, and it has helped more than 500,000 clients with credit repair services.
How does Lexington law operate?
Lexington Law makes use of paralegals and attorneys familiar with consumer protection rules like the FCRA. These credit repair experts help customers review their credit reports from Equifax, Experian, and TransUnion for errors, disparities, or outdated information.
The customer first registering for one of Lexington Law's credit repair solutions sets the process of credit restoration in motion. Certain packages are accessible, and their variations rely on the bureau enrollment choice the customer chooses. With all three credit agencies, the most full package option questions negative things.
Signed up, the client let Lexington Law see their credit records and ratings for tracking and enhancement. Lexington Law's credit experts then examine the client's credit to see which unfavorable entries could be challenged. These might include late payments, charge-offs, collections accounts, bankruptcies, foreclosures, and so on.
The analysts point out the problems which can be controversial under the laws of consumer protection. Then the lawyers and paralegals at the company take charge of the disputes for the different clients. They are invoked through written letters and calls to the creditors and the credit bureaus involved.
Lexington Law uses strategies like examining the authenticity of each negative entry and establishing the credibility of the reporting. The credit experts search for violations in reporting guidelines, incomplete information, certain mistakes in the details, and other contentious issues. If the investigations produce proof of violations or inaccuracies, Lexington Law sends follow-up dispute letters to the credit bureaus.
All these steps in the dispute resolution process are supported by legal knowledge from Lexington Law. The lawyers make sure the disputations correspond to their rights under different consumer protection laws. If the disputes are considered invalid by the creditors or credit bureaus, the company seeks other legal ways of disputing the claims.
Some of the disputes and correspondences may involve the deletion of negative items on the credit report of the client, which in turn, may lead to positive changes in credit scores. Dispute statuses and credit report updates can be monitored through the online account of Lexington Law. They also report progress updates to explain the positive and negative effects on the client’s credit.
What Type of Negative Items can be Dealt with by Lexington Law?
Lexington Law can dispute a wide range of derogatory marks and negative items including.
- Late Payments
- Collections Accounts
- Charge-Offs
- Foreclosures
- Bankruptcies
- Judgments
- Repossessions
- Student Loan Defaults
- Fraudulent Accounts
- Incorrect Personal Information
That is why the company has enough experience in the resolution of such sorts of disputes. For the past 30 years, Lexington Law has developed an efficient dispute process that helps to get rid of inaccurate, unverifiable, misleading, or outdated negative items.
However, due to the legal and complex nature of credit reporting and financial laws, Lexington Law cannot promise specific results. There may be a wide range of results of credit repair depending on the particular case.
How Long Does Lexington Law Take?
Many people get a first result within 45-60 days because Lexington Law adopts an aggressive dispute process. However, restoration of damaged credit scores normally takes 6 months although this may depend to some extent on the level of damage.
The credit bureaus have a 30-day response period if the consumer submits dispute letters. In case the results are unsatisfactory, Lexington Law takes the disputes to the next level, which prolongs the process. Ideally, most clients stay enrolled with the service for 6 months to a year to improve their credit scores.
The company gives the client ongoing updates on the status of disputes, the response from the credit bureaus, alterations to the credit report, and score changes. This enables the clients to check their progress periodically.
Lexington Law Cost
Pricing at Lexington Law is clear with no extra or hidden charges involved. Clients have their choice of three service tiers.
- Concord Standard: $89. 95 monthly
- Concord Premier: $109. 95 monthly
- PremierPlus: $129. 99 per month
The higher tiers offered more disputes per month, along with a higher number of additional features.
The system also includes a $50 first work fee that is charged at the beginning of work. The couples can register together under one account for an additional $20 per month.
Lexington Law provides free credit report review and explanation. Potential clients can opt to take up the consultation to know whether they can benefit from the services of the company in question.
The company also offers a guarantee of satisfaction across all packages it offers to its clients. In the case the client does not see some improvement in the scores within six months of enrollment, then he or she can opt to be given back half of the amount of enrollment fees paid.
Is Lexington Law Legitimate?
This firm of lawyers has been accredited with an A+ rating from the Better Business Bureau. This company has established a brand for itself within the credit repair niche due to the company’s honest business approach and high success rates. Lexington Law can be regarded as one of the oldest players on the market since 1991 and it is still accredited and reputable.
The law firm has over 700 experienced paralegals and lawyers in all of its offices around the country. These professionals undergo thorough training in consumer credit laws as well as credit reporting regulations.
The company assisted more than 500,000 Americans with credit repair services throughout the last three decades. It has also deleted more than 10 million negative products from the credit reports of clients. In addition, the company has saved more than $2 billion in total for its former clients to date.
According to these statistics, Lexington Law is among the most efficient and authentic credit repair service providers in the market. This company has been in existence for a long and is well known hence making it a reliable provider of credit repair services.
The thing is that only Lexington Law has the legal right to offer genuine help in improving people’s credit scores. Of course, the results may slightly differ depending on the client, but most of the students who stay enrolled in the service for 6-12 months can witness an increase in their scores.
Ready to boost your credit score? Call +1 888-804-0104 now for the best credit repair services near you! Our expert team is here to help you achieve financial freedom and improve your credit. Don't wait—get started today!