While a friend of my daughter's has badmouthed Lexington Law Firm for their lack of communication with her, I have a neighbor who thinks Lexington is the greatest thing since sliced bread. He's a young man in his mid thirties who's had some major credit problems. He claims that Lexington has worked miracles for him through the e-client program, and that his credit reports are almost clean, except for a couple stubborn items that don't seem to want to go away. While he was helping me drag my plants into the house today, he explained to me that he got a call from Lexington last week. He says they recommended that he subscribe to a different service they offer that's supposed to improve FICO scores. From what he says, they deal directly with creditors to remove inquiries, improve reported account information, and settling and removing collection items. The cost of this premium service is a whopping $125 per month! I told him he'd be an absolute freakin' idiot to pay such a price for services he could easily handle himself. Because he has too many subprime and retail accounts open-all of which are less than a year old, there's not a hell of a lot anyone can do to improve his FICO score significantly anytime soon. This would give Lexington enough time to suck up buttloads of money! If I'm not mistaken, isn't this the same service Junum performs for only $8 per month? I made him promise that he'd hold off from accepting their offer until I could find out for sure!
Lexington If the folks do not return communication, file a complaint with the Utah State Bar. If you need me to provide info on how to do so, just say so. Note: I have no dispute with this law firm. I will merely provide the lawyers' names, lisence #s, and the address of the Utah State Bar authorities if someone requests this info. I've read that they're pretty good lawyers.
I'd suggest Junum... If he was looking for that type of service Junum offers it for 21.95 a month and $8 per removal. He might want to try them first. Like you said Doris, with new accounts no one can help him.
I work with Lexington Law and I can probably shed some light on the issue. Lexington has recently kicked off an enhanced Lexington service for those who are in such a hurry to restore their credit that the investment isn't a huge issue (generally true of people on the verge of getting a mortgage.) FICO improvement is just a small part of this enhanced service: they have nine other additions including direct challenges and negotiations with each creditor appearing on the credit report. This means that instead of challenging the three credit bureaus that they will be negotiating with each creditor as well. This "creditor direct" service is about ten times as paralegal and attorney intensive as traditional credit repair, thus the increased fee. In fact, I've personally overseen creditor direct for friends and family members. It's hard work, but the results are usually worth it.
