A low or even average credit score can actually cost you a lot when compared to a high credit score. Though it may not appear like much, a slightly higher interest rate on a loan can make a massive difference.
We can all probably agree that a strong credit score is important, but how to build credit and understanding the factors that impact a score are often a point of confusion.
Additionally and unfortunately, for many, an unfair or incorrect negative item could be impacting their score.
Lexington Law is a top rated credit repair company that strives to teach and educate people about credit and how to repair it. Check out our complete Lexington Law review below!
Lexington Law is a complete credit repair solution. In addition to helping clients repair their score, they also strive the help every client understand what credit is and what factors impact their score the most.
Credit can be a tricky subject, but with Lexington Law and the educational resources they offer, you will be able to feel confident about your score.
Lexington Law is a credit repair company that acts as an advocate for their clients. They work to help clients understand their credit and what is impacting their score the most. The company then works with the 3 main bureaus (Experian, TransUnion, and Equifax) to remove incorrect or unfair items.
Since its launch in 2004, Lexington Law has amassed over 1 million clients. They currently have an office in Utah and Arizona, though they serve clients around the United States. Unfortunately, they do not yet serve clients in Oregon or North Carolina.
Lexington Law has helped their clients remove over 70 million incorrect or unfair negative items from their credit reports since inception. In 2020 alone, they helped clients remove 7 million incorrect items from their credit reports. A single incorrect item can have a large impact on your score.
They are also one of the few credit repair companies with a mobile app. Their app currently has 4.8 stars with 46 thousand reviews in the app store. These reviews certainly speak to the quality of service you can expect to receive with Lexington Law.
If you decide to work with Lexington Law, you will see three options of service: Concord Standard, Concord Premier, and Premier Plus.
With Concord Standard, you receive the following:
With Concord Premier, you receive the following:
With Premier Plus, you receive the following:
Signing up with this company provides you access to a personalized dashboard that provides a complete analysis of your score and what is impacting it. This analysis on its own is valuable for clients.
Lexington Law takes a simple 4 step approach to repair your credit score.
Once you achieve the score you are hoping for, you can cancel your plan with Lexington Law penalty free with a simple phone call.
In addition to credit repair, the company also offers clients a few other features like identity theft protection, personal finance tools, and credit alerts.
While credit repair is their main focus, Lexington Law also strives to help clients understand their credit and what factors impact their score most.
The company offers many resources to help educate people about credit such as their blog, which contains a vast number of articles all about credit and other various topics. They also offer calculators that highlight the difference a good score can make throughout the life of a loan.
As defined by Experian (One of the main three credit Bureaus. The other two are TransUnion and Equifax), credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.
A credit score is simply a numerical value that provides an assessment of your credit history. Lenders use this information to assess the likelihood or the confidence they have in your ability to pay off debts.
Scores range from 300 to 850. Most people typically fall somewhere between 600 and 750. A score above 700 is generally considered a good score.
Want to learn more about credit and how to build it?
A credit score is made up of a number of factors. Each one has a different weight and therefore impacts your credit differently.
There are five factors to consider with credit:
A strong credit score can make all the difference when applying for a loan or buying or renting a house. In some cases, a poor score can cause you to be rejected altogether.
In many cases, a credit score can be impacted by an incorrect or unfair item. Working with a company like Lexington Law is a way for you to not only understand your credit score and how to improve it, but also to engage with a team of professionals that will advocate on your behalf.
They even offer you a free consultation to help you better understand their services. If this sounds like a good solution for you, be sure to browse their website and read more about the company!