Lexington Law Review - Will Credit Repair Work For You?

I recently hired Lexington Law Firm to help fix my credit and do credit repair. Are they good and can you please review them?

I recently hired Lexington Law Firm to help fix my credit and do credit repair for me. Are they good? I have seen a few complaints and even allegations that Lexington Law scam concerns are out there on the internet.  For my case, I have 10 negative items on each report for Experian, Equifax, and TransUnion. I thought they would challenge all of my negative items on all reports all at once. However they told me that they intentionally limit the number of items to protect their clients. They said the Fair Credit Reporting Act allows the bureaus to refuse to reinvestigate any challenges that they consider frivolous. One factor they use in determining a frivolous challenge is when a consumer challenges too many things at one time. They also said they found that limiting the number of items they challenged will avoid their clients challenges from being labeled as frivolous. Are they feeding me a bunch of bull or does this sound right to you?  Can you do a Lexington Law review?

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4.0
/5.0
(97 Votes)
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Highlights


  • Understand how credit repair works and if the service can help you.
  • Review Lexington Law's methods and standing.
  • Read hundreds of reviews and comments from readers about their experience with the Lexington Law credit repair process.

Since first writing our review of Lexington Law and evaluating their services in particular, and credit repair more generally, we received hundreds of comments from clients and consumers.

There is nothing any credit repair organization can legally do for you — including removing inaccurate credit information — which you can’t do for yourself, for free. However, you may decide it is worth paying an organization to take care of these matters for you. The fees can be substantial, ranging from hundreds to thousands of dollars.

The Credit Repair Organizations Act (CROA), a federal law, prohibits credit repair organizations from taking consumers’ money until they complete the services promised. It also requires such firms to provide consumers with a written contract stating all the services to be provided and the terms and conditions of payment. Consumers have three days to withdraw from the contract.

Credit repair is not effective for current, unpaid debts. Even if current debts fall off a credit report, they will reappear at the next reporting period. You need to before seeking to remove a debt from your credit report.

 

Image Source: Trinity Credit

Lexington Law Review

The activities of credit repair companies are constrained by the (FCRA) and the (CROA). Bills.com is not in a position to be able to verify whether Lexington Law Firm complies with these and other federal and state laws and regulations. Educate yourself about credit repair and the CROA before proceeding.

Under the FCRA, if a consumer credit reporting agency receives what it (in its opinion) deems as a frivolous challenge, then that credit reporting agency can ignore the request. Credit repair companies cannot guarantee success because creditors have such a large influence on what appears in a credit report. Also, the credit reporting agencies deal with so much data, it is a mix of art and science for a person or credit repair company to change or delete a listing on a credit report.

Lexington Law has been in business for quite some time. Any company with many clients over a number of years, such as Lexington Law, will generate complaints on consumer Web sites where readers claim the company is a scam. Of course, each consumer needs to do their own homework.

Lexington Law Firm cannot get you out of debt. Contact one of Bills.com’s pre-screened debt providers for a .

Letter of Deletion

Use a letter of deletion to request the removal of inaccurate information from a credit report. A sample letter of deletion is below, and we include instructions for how to submit it online at no cost.

No one can remove accurate and timely negative information from a credit report legally. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for doing this on your own. If you paid the accounts in full and as agreed, then you can try to get them removed.

Following up with the credit bureaus might be a time-consuming proposition, depending on how many items you want to be removed. To get these items removed from your credit report you have two options:

1. Pay For The Services of a Credit Repair Firm

Lexington Law Firm is one of many a credit repair companies. Be careful about the firm that you choose and make sure that it is a reputable firm. Check with the Better Business Bureau to learn about the performance of a particular company. Do some research on the firm you will eventually do business with. By law, credit repair companies must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before you sign. The law contains specific protections for you. For example, a credit repair company may not:

  • Make false claims about their services
  • Charge you until they have completed the promised services
  • Perform any services until they have your signature on a written contract and have completed a three-day waiting period.
  • Suggest you mislead credit reporting agencies about your accounts or alter your identity to change your credit history

Your contract must specify:

  • The payment terms for services, including their total cost
  • A detailed description of the services to be performed
  • How long it will take to achieve the results
  • Any guarantees offered
  • The company’s name and business address

2. Do It Yourself

Bills.com offers a that can help you solve your debt problems on your own for free. Step one is to obtain a copies of your credit reports from the three largest consumer credit reporting agencies. Go to for no-cost, no-gimmick copies of your credit reports. Alternatively, call (877) 322-8228, or write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. You may order your reports from all three nationwide consumer reporting companies at the same time, or you can order your report from each of the companies one at a time.

Check your reports for the action items. The three biggest bureaus allow consumers to dispute items online, but in most cases you will need a copy of the respective report and other information to do so. Once you are ready, contact the bureaus reporting the incorrect information:

Equifax Experian TransUnion
Dispute errors with the consumer credit reporting agencies directly. Source: Bills.com
800-685-1111 888-397-3742 800-916-8800

Sample Letter of Deletion

Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies (not originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request that it be removed or corrected. You may want to enclose a copy of your report with the items in question circled. Your letter may look something like the following:

FTC Sample Letter of Deletion
Sample Letter of Deletion. Source: FTC

Date
Your Name
Your Address
Your City, State, Zip Code

Complaint Department
Name of Company
Address
City, State, Zip Code

Dear Sir or Madam:

I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received.

This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.

Sincerely,

Your name

Enclosures: (List what you are enclosing)

Conclusion

Credit repair will not erase or cancel unpaid debt from your credit reports. Clear your debts before trying credit repair.

Follow the steps above to dispute incorrect information on your credit reports. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. If you are correct — that is, if the information is found to be inaccurate — the information provider may not report it again.

Some Web sites provide kits for as little as $13.95 that contain letter templates and tips to help you repair your credit yourself. You can learn more about credit, credit scoring, and credit repair at Bills.com.

Generally we do not believe that firms like Lexington Law, Ovation Law, and other credit repair industry leaders are scams, even though they do have lots of complaints about them on consumer-complaint Web sites. Be sure to evaluate each company’s complaint volume against the size of its overall client base. Do your homework to ensure the monthly fee seems reasonable to you for the services promised. Many of the unhappy people who comment below failed to do their homework, and as a result were disappointed.

I hope this information helps you Find. Learn & Save.

Best,

Bill

507 Comments

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  • TW
    May, 2013
    Tom
    I had an overdue payment 16 years ago for a cell phone bill of approx. $200. I have not paid the amount as it is listed by several collection companies on my reports and I fear if I pay one the others will keep their collection current as they have not been paid. Due now with interest around $370. How do I get rid of this derogatory credit which is ancient and a small amount of money?
    9 Votes

    • BA
      May, 2013
      Bill
      Seven years after the date of first delinquency is how long most derogatory items can appear on a consumer's credit report file. An unpaid 16-year old cell phone bill is subject to the 7-year rule. Follow the directions described in the original article above to dispute this information.
      2 Votes

  • DL
    May, 2013
    Danielle
    Being a single mom for years and struggling my credit has always been crap. I've never had the money to just pay it off and have always been denied for everything it seems. About a year ago I finally got almost everything paid off. I think there is 1 thing showing that hasn't been paid, but the collector can't tell me what the debt is. I'm in KS and I understand the whole 7 year process, but there are 2 on there that have been paid, but is still showing a balance. The major issue I am facing is a repossession which is showing on one of my credit bureaus; the debt is approx $2000 and I haven't paid them a dime as I disputed this from the get go. I was in a tough situation, had no car, bad credit and had to do something. I was charged $10,000 for a 97 Honda Civic (this was probably in 2005 or 2006) with over 250,000 miles on it. My own stupidity, but I had no choice at the time. They eventually sent a 1099 to the IRS and it was obviously claimed as income. I wrote the IRS and told them the whole situation and they told me I didn't owe the debt. The people I am dealing with is called Car Financial. I have been round and round w them about removing or putting a zero balance and they refuse. They go around in circles telling me I owe the debt; that they're no longer collecting on it; I don't think they know what they're doing. I don't think the other small things showing will be am issue coming off as I've already spoke with them, but are there any other options for this car situation? I was thinking about going through a credit repair agency, but will it help? Please help! I just want all this resolved so I can finally have good credit! I also have a lot of student loans, but those don't hurt me bc they're in good standing. My scores right now are about 585 and the 2 other credit report companies are about 650's. I do have a car that's 2 years old; never missed a payment so that's good. Please help! I also just got a capital one cc with a small balance to help my score. Thank you!
    1 Votes

    • BA
      May, 2013
      Bill
      Some of the facts in your message are unclear to me. Regarding the Honda repossession, add 7 years to the date your last payment was due. If, for the sake of argument, the last payment was due in January 2010, the repo will appear on your credit report until January 2017. As time passes, the repo's harm to your credit score will fade, and the positive actions you mentioned will boost your credit score.

      You mentioned the Honda lender sent you a 1099. I have good news and bad news.

      The good new first: I assume the 1099 was a 1099-C. If so, the IRS was referring to Cancellation of Debt Income. See the link I just mentioned to learn more about how you avoided tax liability for the amount in your 1099-C.

      Now the bad news: Despite what a 1099-C states in plain language, the fact that a creditor files a 1099-C does not mean the debt is canceled, forgiven, extinguished, or may no longer be collected. A 1099-C is just a confusingly named tax filing, and does not give the consumer who receives one a shield from future debt collection activities.

      You mentioned one account in your credit report(s) has incorrect information. See the Bills.com article How to Dispute a Credit Report to learn what steps you can take to correct false information appearing in your credit report.
      1 Votes

  • TT
    Apr, 2013
    Tony
    I have paid off my old charge off's with a settlement amount. I have mailed the paid settlement letters to all 3 credit company's. Will this help raise my credit scores? Also will I be able to remove this bad debts from my report?
    0 Votes

    • BA
      Apr, 2013
      Bill
      The damage to your credit score was done when the accounts went severely delinquent. The benefit of paying off your accounts is that it prevents collection efforts from your creditors. The accounts should fall off 7 years after the date of first delinquency, under federal law. If they are still showing after that, you need to file a dispute with the credit bureau.

      You need to focus on getting positive information reporting to the credit bureaus, in order to boost your score. Please read about the steps to take to improve your credit.
      0 Votes

  • AW
    Mar, 2013
    A
    I signed up with Lexington law on March 15th. So far, 4 items have been removed off of my Transunion report. Good action considering it hasn't even been a month. Will update as time goes along. 1 of the collection items I had already paid off. The other 3 I had not paid off and were not scheduled to fall off anytime soon. So far I am impressed. But I hope they can get items off the other reporting agencies too. Especially Experian, since I hear they are the hardest! Look, companies like lexington lawfirm are for people who don't want the hassle or have the time to do it themselves. Yes you could do it yourself, but that's why they are around...For the people who are willing to pay for someone else to do the work....
    3 Votes

  • JH
    Mar, 2013
    Jeremy
    Just started working with Lexington Law! I only have a dozen or so negatives on each report, so I hope to get concrete results in a few months. Will check back with an update.
    0 Votes

    • JH
      May, 2013
      Jeremy
      Just over a month in, and I am satisfied. Nearly 6 items removed, and nothing was billed until it was said to. Once the first removals happened, THEN they billed me. Am also working on keeping all accounts current and timely.
      0 Votes