Lexington Law - Review
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 this legal?
Yes, it is not only legal but it is your responsibility. The Fair Credit Reporting Act gives you the right to dispute any item you feel is not accurate on your report. In addition this law says that the bureaus must remove an item that is not verified by the creditor.
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 mail a dispute letter to each bureau. When the bureaus get this letter they will investigate the item and send you notification of the result. If the item was verified or if it was removed, you then forward update to Lexington.
How long will it 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 does it cost?
They offer three levels of service, and you will be responsible to pay an account set up fee of $99. The prices on the services are; $39, $59, and $79.
Can't I do this myself?
Yes, you actually should dispute you credit if you have minimal damage. To dispute you credit you must create a dispute letter and send it to each 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 can I do to repair my credit?
We suggest you open a new revolving line of credit such as a credit card. This will help you to build a positive payment history by making your on time monthly payments. This factor is almost as important as negative items when your score is calculated.
In sum, you do not have to live with a low credit score. You can remove negative items and by building a positive payment history you can repair you 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 this legal?
Yes, it is not only legal but it is your responsibility. The Fair Credit Reporting Act gives you the right to dispute any item you feel is not accurate on your report. In addition this law says that the bureaus must remove an item that is not verified by the creditor.
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 mail a dispute letter to each bureau. When the bureaus get this letter they will investigate the item and send you notification of the result. If the item was verified or if it was removed, you then forward update to Lexington.
How long will it 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 does it cost?
They offer three levels of service, and you will be responsible to pay an account set up fee of $99. The prices on the services are; $39, $59, and $79.
Can't I do this myself?
Yes, you actually should dispute you credit if you have minimal damage. To dispute you credit you must create a dispute letter and send it to each 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 can I do to repair my credit?
We suggest you open a new revolving line of credit such as a credit card. This will help you to build a positive payment history by making your on time monthly payments. This factor is almost as important as negative items when your score is calculated.
In sum, you do not have to live with a low credit score. You can remove negative items and by building a positive payment history you can repair you score.
posted by Credit Counseling at
3:20 PM
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