Lexington Law is headquartered out of Salt Lake City, Utah. They are a credit repair firm.
They have 22 lawyers and over 400 employees. They have been in business for 17 years and have served 1/2 million people. They will dispute bad credit items on your credit report.
Is it legal?
Yes, this is legal and credit repair is your responsibility. The Fair Credit Reporting Act gives you the right to dispute any item that you feel in inaccurate on your credit. Also this law says that any item that is not verified must be erased by the credit bureaus.
How does this work?
You get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.
Then Lexington will create a dispute letter on your behalf and send it to each credit bureau. Then you will receive notification from the bureaus regarding the disputed items and if they were verified by the creditor or if the bureaus removed the item from your report. You then forward these updates to Lexington.
How long does it take?
It depends upon the damage to your credit. However it typically ranges between 6 months to 12 months.
How much is it going to cost.
There is an initial account set up fee of $99. Then you will be charged a monthly fee of $39, $59, or $79 depending upon what level of service you choose.
Can’t I do this 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 can I do to improve my score?
Credit repair is not just removing negative items from your report. We suggest you open a revolving line of credit. This will help you build a positive payment history by making on time monthly payments. This factor 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.
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