When you take out a loan, financial institutions and online lenders will look at your credit score. This score is a critical number that indicates how effectively you manage your debt. A higher credit score results in a higher loan amount and lower interest rates.
Some consumers have low credit scores and want quick fixes. These individuals can turn to credit repair companies like Lexington Law for assistance.
What is Lexington Law?
Lexington Law is a law firm that offers credit repair services. The firm will challenge inaccurate items on your credit report and contact the major credit bureaus on your behalf. Since 2004, Lexington Law Firm clients have seen over 83 million items removed from their credit reports.
Understanding the Credit Repair Process
Lexington Law uses a three-step process to help consumers repair their credit. These are the steps the company uses.
Setup and Discovery
You can take a free Self-Assessment on their website to determine if their services can help. Once a client, the team will look over your credit and assess each item during the Case Setup. The Lexington Law professionals will assist you in determining which inaccurate items are weighing down your credit score.
This process will not impact your credit score. Lexington Law does not conduct any hard credit checks when giving out free credit assessments. Even if you do not work with Lexington Law, it can be a good idea to receive this assessment. You can then determine if credit repair services are right for you.
Challenge and Dispute
Lexington Law will proceed to challenge any incorrect items on your credit report. They will contact the credit bureaus and your creditors to verify any items. If negative items on your credit report cannot be verified by the credit bureaus or your creditors, they get removed. Lexington Law stays on top of the credit bureaus to ensure inaccurate information gets removed from your report.
Manage and Monitor
Lexington Law will monitor any progress with your credit score. Clients receive updates about how their credit scores have changed and which negative items got removed from their credit reports.
What Services Does Lexington Law Provide?
Lexington Law Firm has represented over 10.8 million people since 2004. The firm will send challenges to the Credit Bureaus and intervene with creditors on your behalf. Lexington Law also offers ID theft insurance.
Lexington Law Service Levels and Details
Premier Plus
Lexington Law has one credit repair service level, priced at $139.95 per month. It includes the following features: TransUnion FICO Score, Score Improvement Analysis, Identity Theft Insurance, and Debt Handler.
What are the Benefits of Lexington Law?
Lexington Law offers several benefits for consumers. These are some of the top advantages of working with a law firm.
- Improve your credit score: Improve your credit score: Lexington Law will challenge inaccurate information on your credit report and work with the credit bureaus on any issues. Removing incorrect items can increase your credit score by several points. A higher credit score makes it easier to qualify for loans and secure lower interest rates. Good credit can even lower expenses in other areas, such as utilities.
- Save time: Save time: You can challenge inaccurate items to the credit bureaus on your own. However, the process takes a lot of time. Lexington Law’s team of professionals knows how to send challenges and contact the major credit bureaus. They can actively work toward repairing your credit so you can focus on other priorities.
- ID Theft Insurance: This insurance policy is a part of every Lexington Law plan. It’s an extra layer of protection that can come in handy when you least expect it.
- Creditor interventions: Creditor interventions: Lexington Law will get in touch with creditors on your behalf to verify information that can potentially add points to your credit score.
- Experience: Lexington Law has been helping clients for almost 20 years. Lexington Law Firm has represented millions of people since 2004.
How Does Lexington Law Compare?
Lexington Law has competitive pricing, among other credit repair services. Most companies offering credit repair services focus their efforts on that area. Safeport Law is an exception, as that firm also offers debt relief services. Most credit repair services start at $99/mo before taxes and fees. The Credit People has a more affordable standard plan that costs $79 per month. However, it does not include ID theft insurance.
What Clients Are Saying About Lexington Law
Lexington Law has received many testimonials from clients on review sites like Trustpilot. The company has a 2.9 rating on Trustpilot out of 562 reviews. These are some of the reviews from happy customers:
“I had the pleasure of being assisted by Neiel, who was professional, knowledgeable, patient, informative, showed empathy and was very intelligent. She explained how my credit repair journey was going and how the steps in place were being applied. I feel confident my situation will continue to improve!” — Tim Driscoll
“Overall, They do what they say. If you don’t know how to handle your credit, they are very patient with helping explain the process and do actively work or helping resolve your issues. I am finding out that I have to be patient. The only problem I’ve had is that the pricing has affected my planned asset allocation in reducing my overhead and has left me in the negative. Yet with this, I can negate over time to rebalance my planning.” — Joseph LeMay
“Lexington Law took the headache away when dealing with correcting mistakes on my credit score. From the beginning until now, I have had support and updates every step of the way. Lexington Law allowed me to take my credit repair off the back burner without allowing it to boil over or become stressful. If I was able to talk to the agent who spent so much time going over every aspect of my credit report with me so we could get stuff categorized and processed, I would thank her a million times over. She really earned my faith and confidence in Lexington Law.” — Jennifer Riggleman
Who is Lexington Law Best For?
Lexington Law is optimal for people who do not have good credit. Lexington Law will fight for you to have a fair, accurate, and substantiated credit report. However, only inaccurate negative items can be challenged. If you already have a good credit score, you can probably achieve your objectives over time with a good payment history.
Is Lexington Law Worth It?
The benefits of a credit score are plentiful. You can get a higher loan amount and a lower interest rate on your loan. However, Lexington Law doesn’t work for everyone, and it is important to assess how the service plan will fit into your budget.
You will achieve more sustainable credit growth if you address your payment history. Picking up a side hustle and addressing debt over time will have the best long-term impact on your credit score. If you aren’t in a rush to get a loan anytime soon, you can pursue this route.
How to Get Started with Lexington Law
You can visit the firm’s website and fill in your information to sign up. Lexington Law will ask for basic details such as your name and email address.
