If you have poor credit, hiring a credit repair company to help get your credit back on track may be the answer. Now, if you have real and verifiable items on your report, those cannot be removed. If you feel you have inaccurate or unfair negative items on your report, the credit repair process will help find and address those items. Errors on credit reports is more common than you may think. According to a study by the Federal Trade Commission (FTC), about 5% of consumers find errors on their report.
Do you need to hire a credit repair company?
The quick answer is no. It is possible for someone to try and repair inaccuracies on their credit report on their own. With that being said, spotting these inaccuracies is not easy. In addition, the credit repair process is lengthy and in-depth. Without extensive knowledge of credit law, the process can be difficult for the average person to handle on their own. This is when a credit repair company like Lexington Law can come in handy.
Who is Lexington Law?
Lexington Law is one of the highest rated credit repair companies out there. They are headquartered in Utah and have additional offices across 18 states. Their firm staffs the largest network of credit repair professionals in the US. Their network of professionals consists of attorneys and paralegals to help handle the credit repair process
What Can Lexington Law Do For Me?
When you sign up for Lexington Law’s services, you will immediately be assigned to an attorney and paralegal who will handle your case every step of the way. Their first order of business is to obtain your credit reports from the three credit bureaus (Equifax, Experian, and TransUnion). They will then go over your credit history, financial status, and any other personal details. This information will then be utilized to formulate an individualized plan of action. Keep in mind, any items that are real and verifiable are not up for challenging.
Once this step is done, they will create a case file and begin drafting up dispute letters to be sent out the the creditors and credit bureaus. Here are just some of the items Lexington Law challenges:
- Late payments
- Debt collections
- Charge offs
There are not guarantees when it comes to credit repair but Lexington Law will do everything they can to leverage your consumer rights to ensure your credit report only has accurate and substantiated items. As your case progresses, you can monitor results through the Lexington Law website or mobile app. You can also reach lawyers and paralegals for credit report repair tips by phone, email, or website chat. Click here to read a full review of Lexington Law.
Lexington Law Service Plans
In an effort to accommodate various budgets, Lexington Law offers three price points for their plans. Depending on the level of credit repair you need, one of their plans will be the right fit. If you have a simple issue to fix, the Concord Standard plan should provide you the services you will need. If you have a more complex issue with your credit, the two Premier plans may be more appropriate. When you speak with your representative about your situation, they will help you determine which plan makes the most sense.
How Long Will The Credit Repair Process Take?
It would be impossible to give a definitive time frame for any particular case. When dealing with different third parties like creditors and credit bureaus, there really is no way of predicting whether an item will be corrected. With that being said, most clients have seen impressive credit report results. On average, clients are seeing about 10 items removed within a four month period.
Is Lexington Law Worth The Investment?
Poor credit costs you more than you may think. It affects many aspects of your financial life including your ability to get a loan and favorable interest rates. Poor credit can even keep you from getting a job or renting an apartment. Investing in credit repair is not the cheapest, but the amount of money you will save over time can make it worth it.
Since being founded in 2004, Lexington Law has achieved over 56 million removals from credit reports. In 2019 alone, they removed 1.5 million negative items from clients’ credit reports. Through their years of experience, they have received thousands of positive reviews from satisfied customers.