Is Lexington Financial Solutions one of the better debt settlement companies to work with or are they a scam?
According to a Lexington Financial Solutions person I spoke to, the company got its start 10 years ago providing mortgage loan modifications. In 2009, the company entered the debt settlement business. It has offices in Wisconsin and California, according to the person I spoke with.
The company does not list its physical address on its Web site, nor does it list its company officers. This is neither a good nor bad sign, but it is somewhat disconcerting that the only obvious means of reaching the company is through its 800-number.
Lexington Financial Solutions displays a TASC logo on its home page, and states it is a TASC member on its "about us" page. TASC is a non-profit organization with the goal to "to bring professionals, legislators, and consumers together to promote good practice in the debt settlement industry," as stated on the TASC home page. TASC members promise to abide by a code of conduct. However, the TASC Web site does not list Lexington Financial Solutions on its list of members, as of the date of this writing. Perhaps TASC’s Web site is incorrect, or perhaps Lexington Financial Solutions is not a member of TASC in good standing.
Editor’s note: Bills.com learned in August 2010, that according to the company, a miscommunication between TASC and Lexington Financial Solutions lead the company to believe that its TASC membership application was accepted, which prompted it to display the TASC logo on its Web site. TASC does not list Lexington Financial Solutions as an affiliate or member as of August 2010. The company removed the TASC logo from its Web site, but states it is a TASC accredited on its "What makes us different" page.
Lexington Financial Solutions has no listing at the Better Business Bureau.
It is impossible for me to say whether Lexington Financial Solutions is a good or bad debt settlement company given the lack of information available about the company. The company
displaying a TASC logo but not appearing in TASC’s list of member is concerning, as is the lack of location information available on the company’s Web site. If the company has been in the debt settlement business for less than a year, that raises a question about the collective experience of its employees.
See the Bills.com Reputable Debt Settlement to learn more about the factors you should consider when choosing a debt settlement company.
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