Lexington Law Scam

The truth is that Lexington Law is most definitely not a scam. The over 3,000,000 items they have helped remove from credit reports over the past 6 years is proof of that. But the fact that people still think Lexington Law and other legitimate credit repair companies are lowly con-artists is certainly worth looking into. After all, why is it that when credit reporting errors and identity theft are so prevalent, people are so quick to dismiss a fully accredited law firm whose mission is to help them correct their credit reports?

To steal a line from Lewis Black (and tweak it a bit), one of the great things about the Internet is that absolutely anyone can have a voice and one of the worst things about the Internet is that absolutely anyone can have a voice.

Misinformation abounds in cyberspace and it seems to be especially prevalent around topics of large consequence and relatively little education. Credit repair is one of these topics. A person's credit score is an integral part of their financial identity but the average person knows little about how scores are calculated and what they can do to improve their credit score.

Unfortunately, this makes it difficult for people who want to learn about their credit to get the solid facts. The situation becomes even more difficult when talking about credit repair and credit repair organizations.

When trying to research credit repair, you will likely come across multiple and often times contradictory opinions. These opinions will range from credit repair not being possible or legal to credit repair being extremely easy. You will also find people who claim that credit repair companies like Lexington Law are anything from a godsend to an ineffective and fraudulent waste of time and money. How is a person supposed to ever come to the truth.

Perhaps the best bet is to weed out the extremes and look at the motivations behind each claim. For starters, we can definitively state that credit repair is legal. The Fair Credit Reporting Act as well as a handful of other acts were passed with the intention of allowing you to have a say in your credit. In addition, using a credit repair company is also legal as defined by the Credit Repair Organizations Act.

As for some of the other claims about credit repair, the truth rarely black and white. Credit repair is neither easy or hard. The difficulty of credit repair typically depends on the person, how familiar they are with the credit reporting system and its laws, the items in their credit history, how cooperative the credit bureaus are, how cooperative their creditors are, and possibly more. For some people, repairing their credit reports may be a simple process. For others, it may take over a year and require a significant investment in time and/or money.

The effectiveness of credit repair should be looked at in the same way. While most people will see benefit from working to repair their credit reports, the degree to which their credit score improves can vary significantly. Some people will see an improvement of a dozen points while others see an increase of a hundred points or more. Once again, it depends on the person, the details of their credit history, and a handful of other factors.

So how does this relate to Lexington Law? It relates because like the claims made about other elements of credit repair, the claims made about Lexington Law and specifically that Lexington Law is nothing but a scam are a long way from the truth.