Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Friday, December 26, 2008
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, 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 get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.
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.
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.
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 new revolving line of credit such as a credit card. This will help you to build a positive payment history by making your on time monthly payments. This factor is almost as important as negative items 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.
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, 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 get a copy of your credit reports and forward them to Lexington. You also indicate what items you feel are inaccurate.
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.
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.
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 new revolving line of credit such as a credit card. This will help you to build a positive payment history by making your on time monthly payments. This factor is almost as important as negative items 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.
posted by Credit Counseling at
5:35 AM
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