Lexington Law is a credit repair firm that is headquartered out of Salt Lake, Utah.
There are over 400 employees and 22 credit attorneys. Their business started in 1991 and they have served 1/2 million people. They will dispute questionable items on your credit.
Is it legal?
Yes, credit repair is legal and your responsibility. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item you feel is not accurate on your credit report. This law also says that any item that can not be verified must be removed by the credit bureau.
How does this work?
You must forward a copy of your credit report from each bureau to Lexington. You also must tell them what items you feel are not accurate.
Then Lexington will mail a dispute letter to each bureau. When the bureaus get this letter they will investigate the item and send you notification of the result. If the item was verified or if it was removed, you then forward update to Lexington.
How long will it take?
It depends upon the damage to your credit. However it typically ranges between 6 months to 12 months.
What is the cost?
They have three levels of service. The prices are $39, $59, and $79. There is an upfront set up fee of $99.
Can I do this myself?
Yes, we actually encourage you to if you have minor damage on your report. For you to dispute an item you must create a dispute letter and mail it to each credit bureau.
Once the bureaus get your letter they will investigate. They will contact the creator of the negative item and ask them to verify the account, the dates of delinquency, and the balance. If the account can not be verified then the bureaus must remove the item from your credit.
What else can I do to repair my credit?
We suggest you open a revolving line of credit. By making on time monthly payments you will create a positive payment history. This 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.
There are over 400 employees and 22 credit attorneys. Their business started in 1991 and they have served 1/2 million people. They will dispute questionable items on your credit.
Is it legal?
Yes, credit repair is legal and your responsibility. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item you feel is not accurate on your credit report. This law also says that any item that can not be verified must be removed by the credit bureau.
How does this work?
You must forward a copy of your credit report from each bureau to Lexington. You also must tell them what items you feel are not accurate.
Then Lexington will mail a dispute letter to each bureau. When the bureaus get this letter they will investigate the item and send you notification of the result. If the item was verified or if it was removed, you then forward update to Lexington.
How long will it take?
It depends upon the damage to your credit. However it typically ranges between 6 months to 12 months.
What is the cost?
They have three levels of service. The prices are $39, $59, and $79. There is an upfront set up fee of $99.
Can I do this myself?
Yes, we actually encourage you to if you have minor damage on your report. For you to dispute an item you must create a dispute letter and mail it to each credit bureau.
Once the bureaus get your letter they will investigate. They will contact the creator of the negative item and ask them to verify the account, the dates of delinquency, and the balance. If the account can not be verified then the bureaus must remove the item from your credit.
What else can I do to repair my credit?
We suggest you open a revolving line of credit. By making on time monthly payments you will create a positive payment history. This 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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