When you have poor credit you are most likely struggling with your finances. This can show up as not being approved for a credit card, being denied for an apartment rental, or not being approved for a personal loan. In order to better your financial life, hiring a credit card company may be the right answer for you.
What is Credit Repair?
When you hire a credit repair company, they will fully handle the credit repair process. This includes reviewing your credit reports and addressing any negative items with the credit bureaus on your behalf. It is possible to handle this process on your own, but if you have a complicated situation, leaving it to the professionals may make sense. The process is lengthy and in-depth and if you don’t have extensive knowledge of credit law, you may find yourself a little lost. You really need to weigh the cost benefit of paying a credit repair company to do it for you vs. doing it on your own. Give thought to what your time is worth.
Who is Lexington Law?
Headquartered in Utah, Lexington Law is one of the highest rated credit repair companies. They have offices all across the United States and staff the largest number of credit repair professionals compared to any other businesses within this space. Their firm is unique in that their staff is made up of attorneys and paralegals who are extensively trained in both consumer advocacy and credit law. Because of this specialized training, they have been able to successfully repair thousands of consumer credit reports. Ultimately, it is Lexington Law’s goal to assist clients in taking charge of their credit so they can achieve their financial goals.
What Will Lexington Law Do For Me?
When you sign up for Lexington Law’s services, an attorney and paralegal will be assigned to your case. The first step for them is to obtain a copy of your credit report from the three credit bureaus (Equifax, Experian, and TransUnion). Once they have that in hand, they will go over your financials, credit history and any other pertinent details. A personalized plan of action will then be put together and Lexington Law will get to work. One thing to keep in mind is that items that are real and verifiable cannot be removed from your report.
Lexington Law will begin drafting up dispute letters to the creditors and credit bureaus. Here are some of the items they will challenge for you:
- Late payments
- Debt collections
- Charge offs
Now, there are not guarantees with credit repair but you can count on Lexington Law leveraging their knowledge of consumer rights to ensure your credit report only has accurate and substantiated items.
As your case moves along, you can monitor its progress through the Lexington Law website or mobile app. In addition, you will have access to lawyers and paralegals by phone, email, or website chat. Click here to read a full review of Lexington Law.
Lexington Law Service Plans
Lexington Law offers three different service plans. Depending on the type of services you need for your situation, one of their plans will be the right fit. If your credit issue is more simple, the Concord Standard plan should fit your needs. If your situation is more complex, the two Premier plans may be more appropriate. When you speak with your representative about your individual situation, they will be able to assist you in choosing the plan that best fits your needs.
How Long Does The Credit Repair Process Take?
Credit repair is a long process so get ready to be patient. On average, resolving credit disputes can take about six months. With that being said, depending on the state of your credit, some clients can see results in as little as 90 days. In the end, each case varies. Some will need more or less time to achieve the desired results. At the end of the day, most clients have seen impressive credit report results. For this reason, Lexington Law has thousands of positive reviews from satisfied customers.
Is Credit Repair Worth The Investment?
Since starting out in 2004, Lexington Law has successfully challenged over 180 million items with the credit bureaus. In 2019 alone, they successfully removed over 1.5 million negative items from clients’ credit reports. Credit repair is not the cheapest service, but poor credit is costing people much more than they realize. Higher interest rates, credit denial and loss of employment, are just a few ways bad credit can negatively affect your life. So yes, there is a cost up front, but you will certainly save money over the long run once your credit is back in good standing.