Lexington Law Pros And Cons

Lexington Law Pros and Cons

Maybe you’re thinking…”Is Lexington Law worth it?” or maybe you’re wondering “Does Lexington Law really remove charge offs?”. We are going to answer all of these questions and more in our Lexington Law review as well as go over some Lexington Law pros and cons. Let’s start with the basics…

What kind of services does Lexington Law offer?

Lexington Law has carved a place for themselves as one of the most popular credit repair companies in the US.

They specialize in things like bureau challenges, creditor interventions, inquiry assist, ID theft insurance, report watch alerts and lost wallet protection.

They have been in the business for a long time and have removed millions of negative items from their clients’ credit reports. In 2020 they removed over 7 million items and have sent out 221 million disputes since they opened in 2004. That’s quite a lot of experience!

How much does Lexington Law cost?

Lexington Law Pros And Cons
Lexington Law Pros And Cons 3

Lexington Law offers 3 different packages (similar to most other credit repair companies). Their most expensive package: “Premier Plus” costs $129.95 per month and includes ALL of their credit repair services including extras like lost wallet protection and a junk mail reducer.

Their Concord Premier package costs $109.95 and their regular Concord Standard package costs $89.95 per month.

Lexington Law Pros and Cons:

We wanted to get to the bottom of what make Lexington Law so amazing as well as some things you should watch out for if you decide to use their credit repair services. Here are all the Lexington Law pros and cons we found in our research:

Pros:

Lexington Law does not require their clients to sign a long-term contract with them but instead lets their customers to pay month-to-month. This means that if you aren’t happy with your results after the first month, you are not obligated to continue with them. When it comes to Lexington law pros and cons, this is a big plus.

They also give their clients access to their smartphone app which features an interactive dashboard to monitor your credit score and how their credit report removal process is trucking along in general.

One thing that sets Lexington Law apart from other credit repair services is that they offer free credit repair consultations. In the consultation you will find out what your credit score is, a summary of your report and what Lexington Law can do to remove the marks on your record.

The question of how much does Lexington Law charge has a very straight-forward answer. They only charge one monthly fee, which can range from $89.95 to $129.95. There is no “initial” fee which many other credit repair companies will charge. It’s either an initial fee OR…the first month is always more expensive than the ones that follow. This is not the case with Lexington Law where the amount you pay each month always stays the same.

Some credit repair companies will charge an extra fee for credit monitoring, but Lexington Law provides this service free of charge and makes it easy through their advanced mobile app.

Lexington Law also offers something called “focus tracks“, which are unique roadmaps to solving your credit issues. Examples of focus tracks include: “The Divorce Focus Track”, “The Student Loan Focus Track”, “The Identity Theft Focus Track” and “The National Emergency Focus Track”. Lexington Law understands that everyone’s bad credit is caused by different factors and that might take a special focus to solve your issue.

Cons:

Lexington Law might have a really great track record, but their fees are kind of over-the-top.

Their cheapest package (The Concord Standard) is 89.95, which compared to basic credit repair packages from other companies, is very expensive.

You could argue that Lexington Law can charge these rates because they have been around for a long time and offer a more personal touch. If it’s important to you to work with professionals and get individualized attention, the price tag might be worth it even after weighing the Lexington Law pros and cons.

This is kind of a big deal, but in 2019, the CFPB filed a lawsuit against Lexington Law, accusing them of charging illegal fees and using manipulative sales tactics.

They are still in business, so obviously the lawsuit didn’t have too much truth to it, but if this bothers you, or you distrust Lexington Law in anyway, you would be wise to choose another credit repair service. It’s all up to you!

Lexington Law does not offer a money-back guarantee. This means that if a month goes by and they aren’t successful in removing at least one negative item from your credit report, you don’t get your money back. This is a big con as many other credit repair companies have some sort of refund policy.

When weighing the Lexington Law pros and cons, it feels pretty balanced. There are some really great advantages to using their services. On the other hand, they are one of the most expensive credit repair services out there which may or may not be an issue for you.

Does Lexington Law really work?

According to customer feedback, Lexington Law really does warrant great results. Here is how their credit repair process works:

1. Free consultation

Before you pay a cent, Lexington Law will sit down with you and go through your credit report, letting you know what they can do to help and recommendations on which package you’ll need to get the results you’re looking for.

2. Send disputes and challenges

Once you have chosen your package and paid the fee, Lexington Law will begin to send dispute letters into the credit bureaus and creditors on your behalf. This process will take around 30 days as the credit bureaus are obligated by law to respond to disputes within 30 days of receiving them.

3. Monitor and send updates on your credit score

As your credit changes, Lexington Law will be sending updates to you. They will also leverage the law in your favor in order to improve your credit further.

Takeaways: Lexington Law Pros and Cons

Now that we have weighed the Lexington Law pros and cons, here are our takeaways…

Lexington Law has really made a name for themselves in the credit repair industry. They are often in competition with Credit Saint, which is another highly regarded credit repair company, offering similar packages, services and pricing as Lexington Law. Credit Saint is a bit cheaper but both would be good choices for tried and true credit repair services.

So, who should use Lexington Law? If you are looking for a more personalized approach to credit repair and want to work with a company who has been in this business for a long time, then Lexington Law would be an excellent choice.

Their prices are high, but they know what they’re doing. Their expertise could cut your credit repair timeline in half. Going with a less experienced company with a smaller and less experienced staff could take longer to get your disputes through.

Lexington Law is the obvious choice for people who want a traditional credit repair experience with diligent credit monitoring and a solid track record.

We hope you enjoyed our post on all the Lexington Law pros and cons. Click here to read our full roundup on credit repair companies.

Similar Posts

Leave a Reply