Can Credit Repair Companies Be Trusted?

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“Bankruptcy, tax liens, judgments, charge-offs, foreclosures… no problem!” I’m sure you have seen the advertisements and claims made by some credit repair companies in newspapers, on TV, the radio and even the Internet. But can credit repair companies be trusted?

These fantastic assertions often come with 100% guarantee or promises of money back. In reality no credit repair company can guarantee results or a specific outcome. Any credit repair company guaranteeing a specific outcome could be a sign of fraud.

Although outcomes can never be predicted, credit repair companies which offer a warranty, where a promise of a refund is made if certain results do not occur is a more trustworthy claim. While there are several legitimate, good credit companies throughout the country, the one I most recommend and trust is Lexington Law.

About Lexington Law

As a trusted leader repairing credit for hundreds of thousands of clients over the last 26 years, Lexington Law has established itself as the top choice in credit repair. Lexington Law is a licensed and bonded law firm with 22 lawyers on staff and over 400 paralegals licensed to work in all states.

Lexington Law is highly qualified. The attorneys understand the nuances of the law. They are effective in negotiating with your lenders on your behalf. They also apply the provisions within federal consumer protection laws to help you improve your credit history.

According to Lexington Law, their clients saw that the average result was 10.2 removals after four months across their three reports – (Disclaimer:  Lexington Law makes no guarantee that you will receive that average result).

Lexington Law Client Results in 2017

Lexington Law was successful in removing over 10 million negative items from clients’ reports in 2017. The negative credit items removed from client credit reports include the following.


Lexington Law is rated Excellent based on 29 reviews on Trustpilot

Lexington Law Service, Cost and Fee Structure

Lexington Law offers 3 levels of services and you are always in control over which negative credit items you wish to dispute. Case facilitators work to repair your credit at the three major credit bureaus while lawyers oversee the credit repair process and assist with complex credit issues.

Lexington Law offers a pay as you go plan ranging from $89.95 per month up to $129.95 per month. In comparison to traditional attorney fees and costs Lexington Law is quite reasonable. You are free to cancel the service at any time without penalty or further obligation.

Premier Plus Package

Monthly
129.95

[wp-svg-icons icon=”checkmark” wrap=”i”] Creditor Interventions
[wp-svg-icons icon=”checkmark” wrap=”i”] InquiryAssist
[wp-svg-icons icon=”checkmark” wrap=”i”] Score Analysis
[wp-svg-icons icon=”checkmark” wrap=”i”] ReportWatch
[wp-svg-icons icon=”checkmark” wrap=”i”] TransUnion® Alerts
[wp-svg-icons icon=”checkmark” wrap=”i”] Cease & Desist Letters
[wp-svg-icons icon=”checkmark” wrap=”i”] FICO® Score Tracker
[wp-svg-icons icon=”checkmark” wrap=”i”] Identity Protection
[wp-svg-icons icon=”checkmark” wrap=”i”] Personal Finance

Concord Premier Package

Monthly
109.95

[wp-svg-icons icon=”checkmark” wrap=”i”] Creditor Interventions
[wp-svg-icons icon=”checkmark” wrap=”i”] InquiryAssist
[wp-svg-icons icon=”checkmark” wrap=”i”] Score Analysis
[wp-svg-icons icon=”checkmark” wrap=”i”] ReportWatch
[wp-svg-icons icon=”checkmark” wrap=”i”] TransUnion® Alerts

Concord Standard Package

Monthly
89.95

[wp-svg-icons icon=”checkmark” wrap=”i”] Creditor Interventions
[wp-svg-icons icon=”checkmark” wrap=”i”] InquiryAssist

What to look for when choosing a credit repair company

One of the biggest signs of a credit repair scam is credit repair company requesting a large upfront payment before they begin to work on your credit. If a credit repair company request an initial payment of many hundreds or even thousands of dollars walk away.

It is because of scam artists that the Credit Repair Organizations Act (CROA) was passed. CROA requires credit repair companies to inform consumers of certain rights in order to help them make an informed decision when shopping for a credit repair service, requires that credit repair contracts be in writing, and gives consumers certain contract cancellation rights.

The CROA also forbids credit repair companies from making untrue statements, advocating “new” credit files like the Credit Privacy Number (CPN) scam or advising customers to lie about their credit history.

Why I recommend Lexington Law

Credit repair can certainly be done on your own. However, as you may have discovered there are some situations where not knowing your rights under the laws may hinder your road to good credit. The attorneys at Lexington law are knowledgeable and have a solid legal basis for all credit repair issues. Lexington Law offers reputable online credit repair, making it less time consuming and convenient for clients.

The Fair Credit Reporting Act, Fair Debt Practices Act, Fair Credit Billing Act and the Direct Dispute Rule are laws which credit bureaus, collection agencies and original creditors must abide by. It is imperative you deal with a credit repair company that knows how to use these rules and laws to repair your credit. Therefore, I recommend Lexington Law as a reputable and results oriented online credit repair firm.

What past clients are saying about Lexington Law

“I know you must get great reviews like this all the time, but I just had to tell you about my results! Today in the mail I got an updated copy of my Experian credit report.When I saw that your people had been able to get 6 out of 9 negative deleted in less than two months I couldn’t stop jumping up and down!

Awesome work, and incredible experience by the staff at Lexington Law Firm. I can’t wait to see the results from TransUnion and Equifax! Thanks again!” – A.T.

“I cannot believe the difference the service has made in my credit! It’s been 5 years since I’ve been able to get a normal (not secured) credit card.My credit was very bad, with a lot of old charge-offs and collection accounts. But after spending a year with your company, I now get approved for most credit lines that I apply for and for very good rates!

I’ll continue to use the service, and recommend you to everybody I know! Keep up the great work!” – P.C.

“I have to admit I was a little skeptical at first, but after seeing what you were able to do with my credit after only a few months, it is very reassuring.Thank you for everything you are doing for me and please pass on to your staff my appreciation for all of their hard work.” – T.C.

As full disclosure I have an affiliate relationship with Lexington Law as well as several other good credit repair law firms and companies. I choose only to recommend Lexington Law because their results are verifiable, the consumers I have referred experienced great results, they have been in the credit repair business for 26 years and are very good at what they do. Call for a free credit repair consultation today (877) 587-4574.

 

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