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Fees
$59.95 – $139.95 per month
Fees
$59.95 – $139.95 per month
On Lexington Law Firm’s website
Details
Fees
$59.95 – $139.95 per month
Pros & Cons
Highlights
Damaging your credit can be a costly mistake, resulting in higher interest rates on any loan or credit card you take out. The effects of a delinquency on your credit report can take years to go away. It may be tempting to look for quick fixes to your credit score, which credit repair services take advantage of.
Many of these services say they can remove negative information on your credit report when the truth is that they only have the authority to remove negative information that was reported inaccurately, which does happen fairly frequently. Lexington Law is one such service.
Lexington Law review
Lexington Law, the trade name for John C. Heath, Attorney at Law PLLC, is a law firm specializing in credit repair services, for which it charges exorbitant prices — $59.95 per month for the basic plan. Lexington Law is one of the largest companies that offer such services, but the high price tag is not worth it. There is no reason you should be paying this much for relatively few services, several of which you can do for free.
Lexington Law also offers credit monitoring, which is priced more reasonably starting at $8.95 per month, but still provides less than the best credit monitoring services. Lex Ontrack, which is Lexington Law’s more expensive credit monitoring service at $24.95 per month, is the best deal that Lexington Law offers.
Prices and offerings aside, Lexington Law and its parent company PGX Holdings’ business practices have been the subject of a recent lawsuit served by the Consumer Financial Protection Bureau and a regulatory action served by Minnesota’s Department of Commerce. These suits primarily target alleged deceptive marketing practices enacted by Lexington Law. Its telemarketing efforts allegedly demanded upfront payment before services were delivered, which is against federal law.
Lexington Law plans
Lexington Law offers four credit repair plans: Lexington Essentials, Concord Standard, Concord Premier, and Premier Plus. Each plan offers more features than the last, ranging from $59.95 to $139.95.
Lexington Law features
Looking at all of Lexington Law’s services at once is a lot to process, so let’s break some of them down.
Bureau disputes, credit interventions, and inquiry assists
The main feature of Lexington Law’s credit repair is that this service will dispute any inaccurate information recorded on your credit reports for you. Note that this is something that you can accomplish yourself for free.
Report analysis and watch alerts
Report analysis gives you tips on how to raise your credit score by targeting the various factors that the credit scoring algorithms like FICO and VantageScore use to calculate your credit score. The report watch alerts work like credit monitoring services, updating you on new information that appears on your credit report.
Lost wallet protection
Lost wallet assistance is a service that will assist you in canceling and replacing all the cards in your wallet if your wallet is stolen or lost.
DebtHandler and personal finance manager
Lexington Law’s DebtHandler is a financial tool that helps clients manage debt according to one of three goals: credit score improvement, quick debt reduction, or saving money. Similarly, the personal finance manager allows users to link their financial accounts so they can keep track of their spending.
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How much does Lexington Law cost?
Lexington Law’s credit repair plans range from $59.95 to $139.95 per month. When you sign up, you also face several additional fees. On your first day, you will be charged a credit report access fee and a one-time “first work fee” 5 to 15 days after you sign up, which will be $89.95, $109.95, or $129.95, depending on your plan.
If a monthly charge on your card is declined, you will be charged a late fee. The fee depends on your service level, either $4.95, $9.95, or $19.95.
How to buy Lexington Law
Before you sign up for Lexington Law or give them any of your contact information, check your credit reports on your own. Normally, you can request a credit report from each of the three major credit bureaus once a year at AnnualCreditReport.com. Until the end of 2023, you can request these reports each week for free.
These credit reports often identify any potentially harmful information on your reports. If they’re accurate, you’re stuck with that information for at least seven years since the information was reported. No credit repair service will be able to remove it, not even a credit repair service that employs lawyers. If they’re inaccurate, you can remove that by disputing the item with the credit bureaus.
Buying Lexington Law credit repair itself is easy. You just need to choose which plan looks the most appealing and put in all the information they ask for. You should consider the free credit consultation, which gives you some starter tips, at which point you can decide if Lexington Law is really worth it.
How Lexington Law compares to its competition
Founded in 2004, Lexington Law is one of the more established credit repair companies, though that’s a low bar.
You should vet any credit repair service thoroughly because there’s really no quick fix for repairing credit if you did the damage yourself through missed payments or too many hard inquiries at one time. Any company offering to remove negative information on your credit reports isn’t being completely honest with you.
Lexington Law lawsuits
As mentioned in our overview, Lexington Law and its parent company PGX Holdings have been the subject of several lawsuits.
The first lawsuit was served by the Bureau of Consumer Financial Protection in 2019, alleging that Lexington Law and PGX Holdings ran deceptive marketing campaigns. In one instance, PGX Holdings allegedly promised home loans, requiring a Lexington Law to qualify for these loans. According to the CFPB’s allegations, they also violated the Telemarketing Sales Rule, which bans upfront fees for credit repairing services before any services have been delivered. This lawsuit, updated in August 2022, is still pending.
The second lawsuit came from Minnesota’s Department of Commerce, which, in addition to the same upfront fee violations, alleges that Lexington Law made misleading statements about its customers’ creditworthiness to the credit bureaus and creditors. Filed in 2020, Lexington Law was ordered to pay $150,000 in civil penalties to the state of Minnesota.
A third case went to court in Texas in 2019. The $2.5 million class action lawsuit from CBE Group and RGS Financial alleged that Lexington Law “defrauded and disrupted its business by exploiting federal consumer protection statutes and running a fraudulent credit repair scheme in violation of Texas law.”
The jury in that trial found Lexington Law guilty, though a judge later overturned the decision. Judge Sam A. Lindsay wrote in his opinion that “while the conduct of Defendants may not be cause for approbation, it is Plaintiffs’ failure to establish each of the elements of a claim for fraud on which the court bases its ruling.”
Lexington Law frequently asked questions (FAQ)
Lexington Law does not offer a free trial period for its credit repair service but offers a free credit report consultation. Be warned that Lexington Law runs a pretty aggressive telemarketing campaign if you give them your phone number.
Yes, you can cancel your Lexington Law subscription by calling 800-341-8441. Unfortunately, you will not receive a refund for any days you did not use. In fact, the opposite will happen. If you cancel Lexington Law, you may be charged additionally for “work performed from your last payment up until that date.”
You can contact Lexington Law customer service at 833-333-8277. Lexington Law also has a feedback page where you can leave questions, comments, or complaints.
Lexington Law has additional phone numbers for different services. To cancel Lexington law, you should call 800-341-8441.
