The Lexington Law Firm Review

The Lexington Law Firm is a credit repair service. They will file a dispute with the bureaus and try to remove negative marks from your report.

Removing negative items will improve your payment history. If you pay your current bills on time and remove old negative items then your payment history will improve and so will your FICO score. Your payment history is taken into account for almost 40% of your overall score calculation.

How Do They Work?

You Need Your Reports - you will need to forward these to Lexington. You also need to tell them what items you feel are questionable and you would like to have disputed.
They Will File a Dispute - this is done by writing a letter to each bureau. In the letter it will need to have; your personal information, the items you are challenging, and the reason it is inaccurate. Congress passed the Fair Credit Reporting Act (FCRA) this law gives you the right to challenge any item that you feel is inaccurate.
Bureaus Will Investigate - the bureaus will contact each lender or debt collector and ask them to verify the account, the dates, and the balance. If the account can not be verified then it must be removed from your report.
Check Your Mail Box - you will get notification from the bureaus of their results by mail. They will tell you if the item was removed or updated with accurate information. You need to forward these letters to your service so they are up to date with your progress.
Watch The Items Fall Off Your File - sit back and relax and watch your report get cleaned up.

How Much Will It Cost?

We can not provide you with a concrete figure as it will depend on how long you use the service. It also is dependent upon how much work needs to be done to clear your file.

There is a $99 up front fee and then a monthly fee starting at $49 a month. Often clients will use the service for about 8-12 months. At the end of the day you are looking at about $500 to use this service.

They will not guarantee results and anyone that does, you should view very skeptically. Unfortunately everyone has a different set of circumstances and while you can rest assured you have experts working for you with a service, they still can not make any guarantees. However a good idea is to look at their past results, how long they have been in business, and what prior clients have to say about their experience with a service.

I Thought This Was Illegal?

Somehow this myth has been spread through our society and couldn't be further from the truth. Congress passed the FCRA which gives you the right to dispute items on your report, and this was passed to protect consumers from debt collectors and the bureaus.

It is 100% legal and no one has ever faced any criminal prosecution for filling a dispute. Did you know the experts estimate that 25% of all reports have an error on them? Without the FCRA you would have to just live with these errors, which could be damaging your score.

For a free credit consultation call 1-800-232-2903 or for more about Lexington Law or for more about Credit Repair Services and how they work visit us.

View the original article here

Lexington Law - Credit Attorneys

The confusing world of credit repair can be stressful and time consuming. Lexington is billed as a consumer advocacy law firm with over 20 years experience. They offer a network of attorneys and paralegals throughout 18 states to work for you using their knowledge of consumer law.

Initially, you will be offered a consultation. From there a level of service is recommended based on your needs. For each, there is a flat monthly fee. The benefit to this is that there is no billing per deletion so you always know what you will pay each month. Those considering this should also be aware of the First Work fee. This fee is $99.95 regardless of the service you choose and is charged after the first round of disputes is completed.

At the Regular level, $59.95, you can expect to receive unlimited number of disputes, and no charge for phone, email and chat support, as well as a same day consultation. They will begin gathering information about your case the day you sign the retainer agreement.

The Concord Standard is $79.95 a month and offers the above assistance as well as Goodwill Interventions. These are non-confrontational interventions that are recommended for mildly late accounts. According to Lexington, these interventions help your relationship with the lender and can positively impact the reporting of your record to the bureaus.

Concord Standard also offers Escalated Information Requests. This is recommended for seriously late accounts and requests information concerning compliance with consumer protection legislation, as well as a request for a change in the way the information is reported. Debt Validation is also offered at this level. It is used for charged-off and collection accounts in which a complete history of the debt is demanded as well as its removal from your report if necessary.

At the highest level, Concord Premier at $99.95 per month. Offers you the aforementioned services and TransUnion report monitoring, a monthly score analysis and Identity Theft Assurance. You also receive ReportWatch, in which alerts of changes to your report are sent through email. These alerts notify you of both positive and negative changes that will impact your score. Another feature of the Concord Premier is Inquiry Assist. Inquiries can have an impact on your score and they will help you address any of these that are questionable.

They recommend that you retain their services for 12 months to receive the maximum benefit; however, you are free to cancel at anytime without penalty. You should be aware that you are able to submit disputes on your own free of charge, as often as you would like. Further, if you feel that you can not afford these services, they also offer a free guide so that you can begin working on it immediately, and keep them in mind should you find the process overwhelming and feel the need for assistance. However you choose to fix your fico score realize that you are fully capable and legally able to do this.

For more about credit repair companies and the Lexington Law service and how their lawyers and paralegals will work to fix your credit visit us - and you can also get a free consultation by calling 1-800-232-2903.

View the original article here