Review of Lexington Law Firm
Lexington Law is a professional credit repair service. They are headquartered out of Salt Lake, Utah.
They have 22 lawyers and over 400 employees. They have been in business for 17 years and have served 1/2 million people. They will dispute bad credit items on your credit report.
Is credit repair legal?
Yes, credit repair is legal and your responsibility. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item you feel is not accurate on your credit report. This law also says that any item that can not be verified must be removed by the credit bureau.
How will it work?
You forward a copy of your credit reports to Lexington. You also indicate what items you want them to dispute.
Then Lexington will create a dispute letter on your behalf and send it to each credit bureau. Then you will receive notification from the bureaus regarding the disputed items and if they were verified by the creditor or if the bureaus removed the item from your report. You then forward these updates to Lexington.
How long is it going to take?
This will vary depending upon how many items you wish to dispute. However you should expect a minimum of 6 months and a maximum of 12 months.
How much is it going to cost.
They have three levels of service. The prices are $39, $59, and $79. There is an upfront set up fee of $99.
Can't I do this myself?
Yes, we actually encourage you to if you have minor damage on your report. For you to dispute an item you must create a dispute letter and mail it to each credit bureau.
Once the bureaus get your letter they will investigate. They will contact the creator of the negative item and ask them to verify the account, the dates of delinquency, and the balance. If the account can not be verified then the bureaus must remove the item from your credit.
What else should I do to repair my credit?
Credit repair is not just removing negative items from your report. We suggest you open a revolving line of credit. This will help you build a positive payment history by making on time monthly payments. This factor is weighted almost as much as negative items on your report when your score is calculated.
In sum you can repair a low credit score. By building a positive payment history and removing negative items you will improve your score.
They have 22 lawyers and over 400 employees. They have been in business for 17 years and have served 1/2 million people. They will dispute bad credit items on your credit report.
Is credit repair legal?
Yes, credit repair is legal and your responsibility. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item you feel is not accurate on your credit report. This law also says that any item that can not be verified must be removed by the credit bureau.
How will it work?
You forward a copy of your credit reports to Lexington. You also indicate what items you want them to dispute.
Then Lexington will create a dispute letter on your behalf and send it to each credit bureau. Then you will receive notification from the bureaus regarding the disputed items and if they were verified by the creditor or if the bureaus removed the item from your report. You then forward these updates to Lexington.
How long is it going to take?
This will vary depending upon how many items you wish to dispute. However you should expect a minimum of 6 months and a maximum of 12 months.
How much is it going to cost.
They have three levels of service. The prices are $39, $59, and $79. There is an upfront set up fee of $99.
Can't I do this myself?
Yes, we actually encourage you to if you have minor damage on your report. For you to dispute an item you must create a dispute letter and mail it to each credit bureau.
Once the bureaus get your letter they will investigate. They will contact the creator of the negative item and ask them to verify the account, the dates of delinquency, and the balance. If the account can not be verified then the bureaus must remove the item from your credit.
What else should I do to repair my credit?
Credit repair is not just removing negative items from your report. We suggest you open a revolving line of credit. This will help you build a positive payment history by making on time monthly payments. This factor is weighted almost as much as negative items on your report when your score is calculated.
In sum you can repair a low credit score. By building a positive payment history and removing negative items you will improve your score.
posted by Debt Consolidation Loan at
2:43 AM
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