Review of Lexington Law Firm
Lexington Law is headquartered out of Salt Lake City, Utah. They are a credit repair firm.
There are over 400 employees and 22 credit attorneys. Their business started in 1991 and they have served 1/2 million people. They will dispute questionable items on your credit.
Is it 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 does it work?
You get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.
Lexington will then send a dispute letter of your behalf to each credit bureau. Then you will be notified from the bureaus if the item has been verified by the creditor of if they removed it from your report. You then send this update to Lexington.
How long will it take?
It depends upon the damage to your credit. However it typically ranges between 6 months to 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 I dispute my credit myself?
Yes, in fact we encourage you to if you have minor damage to your report. To dispute a listing yourself you must create a dispute letter and mail it directly to the credit bureaus.
When the bureaus receive your letter they will investigate the item. During an investigation the creditor is contacted and asked to verify your account, the dates on the account, and the balance. If the item is not verified then the bureaus must remove it from you report.
What else should I do to repair my credit?
We suggest you open a revolving line of credit. By making on time monthly payments you will create a positive payment history. This is weighted almost as much as negative items on your report 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.
There are over 400 employees and 22 credit attorneys. Their business started in 1991 and they have served 1/2 million people. They will dispute questionable items on your credit.
Is it 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 does it work?
You get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.
Lexington will then send a dispute letter of your behalf to each credit bureau. Then you will be notified from the bureaus if the item has been verified by the creditor of if they removed it from your report. You then send this update to Lexington.
How long will it take?
It depends upon the damage to your credit. However it typically ranges between 6 months to 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 I dispute my credit myself?
Yes, in fact we encourage you to if you have minor damage to your report. To dispute a listing yourself you must create a dispute letter and mail it directly to the credit bureaus.
When the bureaus receive your letter they will investigate the item. During an investigation the creditor is contacted and asked to verify your account, the dates on the account, and the balance. If the item is not verified then the bureaus must remove it from you report.
What else should I do to repair my credit?
We suggest you open a revolving line of credit. By making on time monthly payments you will create a positive payment history. This is weighted almost as much as negative items on your report 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
10:12 AM
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