- The Good
- Multiple package options
- Credit repair lawyers on staff
- Credit monitoring and identity theft extras
- The Bad
- More expensive than other services
- Minimal guarantee
Lexington Law is the Cadillac of credit repair services. It offers all the bells and whistles you could need to go along with your credit repair, including credit report monitoring and identity theft protection services. Of course, just like with a Cadillac, those extras come at a price. If you are looking for the most comprehensive service and are willing to pay for it, Lexington Law is the right fit for you.
- $79.95 per month for basic service
Since it offers more features than other credit repair services, Lexington Law also charges more. There is an initial fee of $99.95, plus $10 to pull your three bureau credit reports. After the initial fee, it is $79.95/month for the basic plan. If you want to upgrade to include more features, the Concord Plan is $99.95/month and the Concord Premium Plan is $119.95/month.
- Fixing credit report mistakes
- Negotiating with lenders
- Exploring legal loopholes
- Good-faith letters to lenders
- Personal paralegal to give advice, handle account
- Credit report monitoring
- Identity theft protection
Lexington Law’s basic plan offers basic features such as fixing mistakes on your credit report, sending good-faith letters to your lenders and looking for legal loopholes, as well as a paralegal that gives you other ways to raise your credit score and deals with your account. The Concord Plan offers extra investigation into legal loopholes, especially around whether the credit bureaus are following FTC regulations. The Concord Premium Plan offers all of that, plus identity theft protection and credit report monitoring.
- A- from the Better Business Bureau
Lexington Law is one of the oldest and most trusted credit repair services, being in the credit repair business for more than 25 years, although it has had its share of complaints from customers during its long run. It has a solid “A-” score from the Better Business Bureau, which means those complaints have been few and far between.
- You don’t pay until the work is completed
Lexington Law does offer a guarantee, although it’s not so much a guarantee as a legal obligation. The service does not require you to pay for services until they have finished the agreed upon work, which is a requirement enforced by the Credit Repair Organizations Act. Still, it is nice to know that the work is guaranteed.
Lexington Law: User Reviews
Lexington Law provides the ultimate in credit repair services. Of course, the ultimate service comes with a price. Is it worth it? It can be. Lexington Law is a juggernaut in the credit repair world. It has a lot of connections and is the only credit repair firm to actually employ credit repair lawyers that know the ins and outs of credit repair. It also offers a lot of extras that many credit repair services don’t. That alone can be incentive enough to pay the extra money, if you are willing to do so.
How Does Lexington Law Credit Repair Work?
Lexington Law is very good at on-boarding new customers. It has sales representatives who will take you through the process on the phone to make sure you don’t get lost, although it’s pretty simple. You fill out an application, which a representative can help you with, that includes both personal and financial information about you. Lexington Law will then help you get your three bureau credit reports and go over them with you to determine the best items to focus on.
What happens next? Well, it depends on which package you choose to buy. Let’s start with the basic plan. Here, you are getting the nuts and bolts of credit repair. Lexington Law will take the items you agreed upon and either negotiate with your lenders, dispute the items, fix any errors or go after any legal loopholes it knows of to help get your negative items removed. This process is repeated every month until you are satisfied.
If you go with the Concord package, you get a boost of legal help in disputing your negative items. Lexington Law will dig a little deeper to find additional loopholes and legal tools that can help get negative items removed from your credit report.
If you choose the Concord Premium package, you get everything mentioned above, as well as credit report monitoring, so you can track your progress, as well as identity theft protection that can monitor any signs that you may have been a victim of identity theft.
For any of the packages, you get a dedicated paralegal who will not only keep track of your account, but also give you advice on how to improve your credit score naturally and tips on how to keep it healthy in the future.
Is Lexington Law Credit Repair Legit?
This is probably one of the biggest questions when it comes to credit repair. There are a lot of credit repair scams out there, and even the most reputable services can be very sales driven, even if they stay within the legal guidelines.
The good news is there are legal guidelines that credit repair services must follow. According to the government’s Credit Repair Organization Act, there are rules that every credit repair agency has to follow in order to be legit. If your credit repair company doesn’t follow any of these rules, it may be a scam:
- Credit repair agencies cannot ask for payment up front without completing the work first. (This does not apply to initial payments to begin the work.)
- All contracts between you and the credit repair agency must be in writing. If anything is not in writing, don’t believe it.
- All credit repair agencies need to have an easy cancellation policy. Most legit credit repair agencies have month-to-month contracts because of this rule, so you can cancel any time.
Keep these rules in mind when choosing a credit repair service.
Lexington Law does adhere to all of these guidelines, which is a good start. It also has an A- rating from the Better Business Bureau, which is an excellent score for a credit repair service, and means they have few complaints again them as a business. It has also been around for more than 25 years, and in order to stick around in the credit repair world that long, you need to be doing things legitimately and also giving good results to your customers.
Common Lexington Law Credit Repair Reviews
Lexington Law is almost always rated at the top of any consumer review site’s list of credit repair service, mostly because it offers such a robust toolbox of credit repair options.
Although Lexington Law is one of the most trusted credit repair services available, it still has its share of negative reviews. Common customer complaints usually revolve around Lexington Law being too slow or not raising their score enough. Both complaints are usually more the fault of the way credit repair works than the actual credit repair service.
How credit disputes work: First off, credit bureaus get upset when they are flooded with disputes that they have to verify. If credit repair companies send 20 disputes at one time, instead of just one or two, the credit bureaus can become overwhelmed and this looks poorly not only on the credit repair site, but also you as a consumer. This is why most reputable credit repair sites try to dispute items one or two at a time. This process seems slow to the consumer, but it gives you more of a chance of having items removed and staying off your report.
Credit score increase guarantee: Second, let’s be clear about this, there is no guarantee when it comes to credit repair. While you can get your money back if you aren’t satisfied in some cases, no reputable credit repair service will guarantee to raise your score because there is no sure-fire way to do that. Everyone’s credit history is different, and in some cases, there is just no quick solution to a bad credit score.
That being said, there are a couple of legitimate negative reviews against Lexington Law. The company can be a little sales-driven, which turns some customers off. The key is knowing what you are looking for and making sure the company is providing that without trying to scam you.
Is Lexington Law Right For You?
There are a couple of questions you need to ask yourself before deciding if Lexington Law Credit Repair is right for you:
- How much money do I have to spend?
- Do I need extras like credit report monitoring or identity theft?
- Is personal attention more important to me than having a larger company handle my account?
- What am I hoping to get out of this service?
These will help you make a better decision when it comes to choosing the right credit repair company.
If you are willing to spend a little extra money to get quality service, then Lexington Law is a good choice for you. If you are on a budget and just need the basics of credit repair to help you raise your score, you could try a service like Sky Blue Credit Repair.
If things like credit report monitoring or identity theft are something you want included with your credit repair, pick Lexington Law. Adding these on to your credit repair service can often be cheaper than signing up with another credit monitoring or identity theft protection site.
Personal attention is not what Lexington Law is best known for, although you do get your own personal paralegal to help you with things, so that’s definitely a plus. The benefit of Lexington Law as a larger company is that it has more resources to devote to each of its clients, which will hopefully mean better results.
Really, it comes down to what you are hoping to get out of the service. If you are looking to raise your credit score fast, Lexington Law’s methodical approach might be too slow for you. If you are looking to breathe life back into your credit score and make it healthy again, regardless of time constraints, then Lexington Law is a perfect fit.