I'm trying to repair my credit. Does anyone have a review for Lexington Law? If not, any better suggestions?

Answer 1

Honestly, don't waste your money on credit repair services. Actually, you can repair it by yourself. All they are going to do is look at your credit report, see if there are any errors, right a letter to the 3 credit bureaus to dispute, and BAM...its fixed and you paid like $500 or something...even though you could have done it by yourself. Thats all to it. Look at all 3 of your reports, see if there are any errors, and if so...write a dispute letter to the credit reporting agency, wait a month or so...and chances are the dispute should be resolved, taken off the report, and your score should be up.

Answer 2

Recommend against paying anyone to "repair" your credit. TOTAL waste of money.

These "credit repair" companies are not doing anything that you cannot do yourself for free. And, there is ZERO guarentee that they will repair your credit permanently.

Here is how credit "repair" works.
1. get your credit report
2. examine it.
3. write a letter disputing the claim
4. wait

The credit reporting agency will take your dispute and contact the creditor asking them to verify the negative. They have approx. 30 days to reply. Most creditors ignore those letters, or give them a very low priority, and subsequently, they do not reply in time. Since there was no reply, the credit reporting agency will remove the negative.

So far, so good.

BUT, wait, there's more!

The creditor can go ahead and report the negative again, and BOOM! It's right back on your report. (And, if you paid Lexington Law or any other firm to remove it, you wasted your money.)

If it is a legit negative (you did send the payment late) there is really nothing more you can do. If it is not legitimate, then you need to continue to dispute the negative, and contact the creditor to get them to remove the negative from your report. If they refuse, you have the option to submit an explanation letter about the negative that will become part of your report.

Please, please, please do not continue to feed the "credit repair industry" they are fleecing the people that can least afford their services.

Answer 3

To boost your credit score:
The first thing you will need to do is call the three major credit reporting agencies and request a free copy of your credit report.

www.equifax.com
www.experian.com
www.transunion.com

Then once you get those in the mail (7-10 days) there will be a dispute form attached to the reports. Fill those out for every negative account on your report regardless. Fax, mail go online whatever it takes to get those submitted as quickly as possible. Then those companies must answer your dispute within 30 days or it is removed from your credit report completely. So that will eliminate some things, hopefully.

Then make sure you pay all your revolving accounts to below 50% of your credit limits.

Make sure that you make all your payments no more than 20 days from the date it is due.


Good Luck!

Answer 4

Beware of credit repair scams.

There are no "loopholes" or laws that credit repair companies can use

to get correct information off your credit report.

No credit repair company can do anything you can't do for yourself. It

is impossible for a third party to make changes in your file if the

facts have been correctly reported.

Answer 5

Is this one of those companies that promise to repair your credit? They are all scams. If there are errors on your credit reports, you can easily dispute them yourself. If the negatives are legit, they should be there.

You can try to negotiate settlement of old debts yourself. Just get the settlement in writing and try to get the negative removed. Even if they won't remove it, it's better to have paid bad debt.

Answer 6

It's my understanding that they charge you every month until the end of time and have little incentive to get your credit fixed FAST. Check out the free evaluation form at the source website; they have multiple options but can get you fixed up in 90 days or so. Good luck.