Lexington Law Firm has over two decades of experience assisting people with their credit needs. If you’ve noticed an inaccurate blemish on your credit report, you may be wondering about the pros and cons of using Lexington Law to correct errors.
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Lexington Law: Pros
Hiring Lexington Law means having powerful advocates on your side and access to a wealth of credit repair resources. With a solid foundation of legal expertise and a proven track record in the industry, their team is ready to create personalized score improvement strategies on your behalf.
A foundation in legal expertise
When you work with Lexington Law, you gain a team of experienced attorneys and paralegals ready to advocate for your rights. Lexington Law continues to be operated by industry-accredited attorneys with expertise in credit.
Further, Lexington Law counsels with attorneys nationwide, ensuring access to specialized knowledge and local resources when needed.
Established industry history
Lexington Law isn’t the new kid on the block—they’ve been advocating for consumer rights since 2004.
Their long-lasting presence in the industry is a testament to their dedication to protecting consumers’ credit rights, allowing clients to pursue their financial goals.
Credit monitoring and analysis
Lexington Law provides credit monitoring services as part of the credit repair process. Using an online portal and mobile app, you can access score analyses around the clock, helping you reach your goals and ensuring you miss nothing.
Great customer service
Lexington Law Firm provides customer service support via chat through their website. You can reach out to a service representative for assistance any time during their business hours, which are:
Monday – Friday
7am – 4pm MST
Saturday – Sunday
Closed
Educational resources
Lexington Law believes in empowering everyone with the knowledge to improve their credit—whether you’re a client or not. They offer detailed educational resources on fixing your credit, managing your credit history and dealing with negative items on your report.
If you are just getting started, we recommend checking out their credit repair guide and learning what constitutes a good credit score.
Availability throughout the United States
Lexington Law offers credit repair across the United States with the exception of Oregon, with physical office locations in Utah and Arizona.
Lexington Law: Cons
Lexington Law prides itself on transparency and fighting for individual rights within the credit industry. But it is worth noting that credit repair is not always a guaranteed fix for bad credit.
These are a few limitations to know, before you consider working with Lexington Law.
Inability to remove accurate marks
Lexington Law cannot remove accurate marks from your credit report. We are all human, and sometimes mistakes happen, but they cannot remove factual information.
If you see any credit repair agency making promises to “clean” your credit, be cautious – they may be a scam.
If your credit score is suffering due to legitimate negative marks, consider reading their guides on derogatory marks and how to improve your credit score.
Cannot begin the process with a phone call
While it’s possible for you to connect with real representatives over chat, you cannot be signed up for credit repair services over the phone.
That being said, if you’re wondering whether credit repair is really right for you, Lexington Law does offer a free credit assessment that will show you your FICO® score and a short summary of your credit reports.
No guaranteed credit repair results
It’s impossible to make guarantees with credit repair services. Every one’s credit situation is different. This means that while repair might be the right solution for one person, it may be the wrong solution for another.
While you can’t guarantee credit repair results, you may have a better chance of repairing your credit if:
- You are disputing negative items that you know are inaccurate
- You have documentation that can support your dispute
How Lexington Law works
If you’re weighing the pros and cons of Lexington Law, you are also likely wondering how the process works. Here’s an outline of the fundamental process their team uses to fight bad credit on your behalf.
1. Credit report analysis
Credit repair begins with a credit report analysis. During this initial stage, they obtain your credit reports and ask you analyze them (don’t worry, this won’t hurt your credit). You’ll go through all of the items listed on your credit and check off which ones you want to be disputed.
2. Credit disputing
Once you have identified questionable items on your credit report, they will begin disputing them on your behalf. Their lawyers, paralegals and legal advocates will send correspondence to dispute and challenge such inaccurate items, so you don’t need to lift a finger.
3. Dispute escalating
If companies don’t respond to their initial correspondence, they will escalate the dispute. They pay extra close attention to negative items and work diligently to ensure your credit report accurately represents your financial history.
4. Credit monitoring
Throughout the process, they provide visibility into your reports with their credit monitoring services. Using a computer or mobile phone, you can access an analysis of your credit and see how well you’re doing according to the five factors that FICO® considers when calculating your credit score: payment history, credit utilization ratio, credit age, credit mix and credit inquiries.
FAQ
What is credit repair?
Credit repair is the process of improving your creditworthiness. Lexington Law helps you achieve this goal by disputing inaccurate information in your report. Such information can negatively impact your score; they work with credit bureaus and companies to correct these inaccuracies.
Can I repair credit myself?
Yes, you can repair your credit by improving your financial habits, such as making on-time payments, reducing your balances and avoiding excessive credit applications. However, Lexington Law can help dispute inaccurate negative marks.
What do Lexington Law and credit repair companies do?
Credit repair companies can focus on different things, but in general, they will help consumers dispute inaccuracies and provide credit monitoring services.
Can credit repair hurt your credit?
Proper credit repair will not hurt your credit score. The Lexington Law team focuses on disputing only inaccurate information and providing education to build good credit and responsible financial habits over time.
How long does credit repair take and cost?
The credit repair process is unique to each individual and can vary depending on the circumstances. Most negative information can be addressed within a few months, with simple issues being addressed quicker, but Lexington Law makes no guarantees.
Learn more about the cost of Lexington Law.
Fight for an accurate credit report with Lexington Law
Discovering the pros and cons of Lexington Law should reassure you about the credit repair process. Your credit can impact your loan approval rate, interest rates, credit limits and insurance premiums. If you believe you have inaccurate negative marks on your report, head to Lexington Law Firm to see if they’re right for you.
Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm. Credit.com is owned by Credit.com Holdings, LLC. Oquirrh Mountain Law Group, PC, d/b/a Lexington Law Firm is an independent law firm that uses Credit.com Holdings, LLC as a provider of business and administrative services.
