If you would like to cancel your Lexington Law contract, please contact their customer service team directly. You can do this through their website by filling out their online contact form, calling their customer service number (1-800-220-0084) or emailing their customer service team at ClientServices@lexingtonlaw. com.
Once you contact the customer service team, they will be able to provide you with further instructions on how to cancel your account. Please note that you may be required to provide them with your account information, including your account number, in order to process your request.
If you need to make any changes to your account, such as changing your payment method, please contact the customer service team for assistance. They will be able to provide you with further instructions on how to make the changes that you need in order to best suit your needs.
If you have any questions or concerns about cancelling your contract, please do not hesitate to contact the customer service team. They are committed to making sure our customers are satisfied with their service and will do their best to ensure that you receive the highest level of quality and service.
Can I get a refund from Lexington Law?
Yes, Lexington Law offers a refund in certain situations. Generally, clients are eligible for a refund if they haven’t seen results within four months of signing up, or if their credit report does not show any improvement after four months of service.
Additionally, clients can obtain a refund for any unused fees for months of service not rendered. To request a refund, clients must contact Lexington Law directly through their website or by calling 800-220-0084.
Refund requests must include a valid reason and proof of payment. If they cannot provide proof of payment, they may be disqualified from receiving a refund.
Is Lexington Law being sued?
No, Lexington Law is not currently being sued. Lexington Law is a consumer advocacy firm that specializes in helping clients with credit report errors and other credit-related issues. They employ attorneys and certified paralegals to assist consumers with credit repair matters.
The firm has a longstanding record of consumer advocacy, and is highly respected in the industry. Lexington Law is also a member of the National Foundation for Credit Counseling, the American Bar Association, and the National Association of Consumer Advocacy.
They strive to provide the highest level of service to their clients and adhere to a strict code of ethics. As such, they have not been subject to any lawsuits to date.
Can Lexington Law remove unpaid collections?
Yes, Lexington Law can remove unpaid collections from your credit report. Lexington Law is a credit repair company that specializes in helping people improve their credit. They work directly with your creditors and credit bureaus to remove any negative items, including unpaid collections.
It is important to note that Lexington Law cannot guarantee that all collections will be removed, as removal is based on the individual creditor’s policy. However, their experienced attorneys and paralegals have decades of combined experience and can help make sure you get the best possible outcome.
Furthermore, they also offer flexible payment plans to suit a variety of budgets, so anyone can get started on the road to better credit.
What happened Lexington Law?
Lexington Law is a consumer advocacy and credit repair law firm founded in 1991. It is headquartered in North Salt Lake, Utah and works with clients from across the United States and Canada. Lexington Law focuses on helping its clients to improve their credit history and scores by disputing inaccurate and unjustified negative items on their consumer credit reports.
It works with the three major credit bureaus—Equifax, Experian, and TransUnion—to help resolve any claims of incorrect or unsubstantiated information.
Lexington Law utilizes a unique three-step system to improve a consumer’s credit reports and scores. First, it reviews the client’s credit report and identifies the discrepancies that have been reported that should not have been.
Then, the firm initiates a series of highly individualized correspondence designed to educate the bureaus of their client’s rights as a consumer, and to cause them to re-investigate the questionable items and delete any that don’t meet the standards of the Fair Credit Reporting Act (FCRA).
Lastly, Lexington Law works with clients to understand their individual needs and objectives and to customize a plan to help them reach their desired outcomes.
Lexington Law has helped thousands of clients since it first started, identifying and remediating many negative items from their credit reports. By staying up-to-date with the major credit bureaus’ policies and procedures and challenging negative items on their clients’ behalf, the law firm has successfully managed to improve their financial security and credit standing.
How many clients does Lexington Law have?
Lexington Law is one of the leading credit repair law firms in the United States, and according to a financial report from December 2018, it has approximately 450,000 clients. The firm works with individuals to dispute inaccurate information on their credit reports, helping them repair their credit and improve their overall financial standing.
Lexington Law has more than three million disputes on behalf of its clients since the company was founded in 1991. Clients can choose from several levels of service options tailored to their individual needs, with the added benefit of Lexington Law’s innovative technology that helps to keep track of credit disputes in an efficient and organized manner.
The company has grown significantly since it was founded, helping over a million clients improve their credit scores since 2016.
How do I remove negative items from my credit report?
The process of removing negative items from your credit report can be a long and tedious one, but it is possible. The first step is to obtain a copy of your credit report and thoroughly look it over to determine what negative items you have on there.
Once you have identified the items in need of removal, you must then dispute those items with the three major credit bureaus (Equifax, TransUnion, and Experian) in writing. During the process of disputing, make sure to include why the negative items should be removed and any supporting documents that could be relevant in helping you to prove it.
If the credit bureaus find that you have a valid dispute, they are legally obligated to investigate and remove the negative item. If they deem the dispute to be invalid, they will help you to create An Explanation letter.
This will give you the opportunity to explain why the negative item should be removed or not reported in the first place. Once the letter is reviewed and accepted, the negative item will either be removed or marked as disputed.
Sometimes lenders have their own ways of getting rid of inaccurate, unverifiable, or outdated information on a credit report. Reach out to them and let them know that you are disputing the negative items and explain your reasons why they should be removed.
Most lenders will be willing to settle a debt for less than the full amount if you can prove that the negative item is incorrect and should not be reported.
Additionally, you may need to contact a credit repair specialist if you are having issues with removing negative items from your credit report. An experienced credit repair specialist can offer advice, guidance, and even legal services to help you to properly dispute and remove the negative items from your credit report.
Finally, if you are able to successfully remove the negative items from your credit report, it is important to create a plan for responsibly using your credit going forward. Make sure that you are paying your bills on time, reducing your outstanding debt balances, and limiting the number of requests for new credit lines.
If we can demonstrate to the credit bureaus that you are now a responsible credit user, they are likely to consider improving your overall credit score.
Can you settle secured debt?
Yes, you can settle secured debt. Settling secured debt is a negotiation process in which the creditor and borrower agree on a lower payment amount that pays off the debt in full. The most common form of secured debt, a mortgage, can be settled and other forms of secured debt, such as car loans, can also be settled.
In the event that a settlement is reached, the lender typically negotiates a lump sum payment or several payments to cover the loan in full. For example, if a homeowner owes $30,000 on a mortgage and the lender agrees to accept $25,000 to settle the debt, the homeowner will make one payment of $25,000 to pay off the mortgage in full.
When it comes to settling secured debt, it’s important to understand the potential consequences. Most mortgages, for example, require a borrower to pay a prepayment penalty if they decide to settle the loan.
Furthermore, settling debt often has a negative impact on credit scores since the lender may report the settlement as an unfavorable payment history. Therefore, it’s important to understand the implications before entering into a settlement agreement.
How do I remove a charge off?
Removing a charge off from your credit report is not a straightforward process, but it is possible. The first step is to contact the original creditor and make arrangements to pay the debt in full. Make sure that you get the agreement in writing, and that the debt is marked as “paid in full” or “settled” on your credit report.
You may also negotiate with the lender to have the charge off removed from your credit report when the debt is paid. If the creditor will not agree to remove the charge off, you can dispute the item with each of the three major credit bureaus (Experian, Equifax, Transunion).
They have 30 days to investigate the dispute and can then either remove the charge off, or update the account as “paid in full”.
Another option is to negotiate a “pay for delete” agreement with the creditor. This means paying the debt in exchange for a promise that the creditor will delete the charge off from your credit report as soon as they receive payment.
In order to make this agreement binding, it should also be put in writing.
Once you have paid the debt in full, it is important to follow up with the creditor and the credit bureaus to make sure the charge off has been removed or updated. You should also request a free copy of your credit report to ensure that the item has been properly updated.
What is creditor intervention sent?
Creditor intervention is a reality for many businesses, as creditors can play a pivotal role in ensuring a company is kept financially solvent. Creditor intervention is a form of financial assistance provided by creditors to help a company remain solvent, remain in business and pay its debts.
It usually involves a restructuring of the company’s obligations, and may also involve additional financing. Creditor intervention can result in a wide range of measures, such as an increase of credit limits, an extension of the repayment terms on a loan, or a restructuring of the debt.
It can also involve a reduction of interest rates for a certain period of time, or an outright waiver of certain debts. Furthermore, creditors may choose to provide additional financing to the company, or otherwise extend new credit to assist in the company’s operations.
In cases of severe financial distress, a company may also look to their creditors for more drastic intervention, such as debt restructuring, debt conversion, debt forgiveness or even the winding-up of the company.
In all cases, the aim of creditor intervention is to ensure that the company can remain solvent and pay its debts.
Does Lexington Law stop wage garnishment?
Yes, Lexington Law can help stop wage garnishment. Through credit repair assistance, Lexington Law can help you identify and dispute errors on your credit report that are resulting in your wages being garnished.
They can help you create and monitor a budget and payment plan, so that you can prevent future garnishments. Also, they can provide guidance on how to address student loan debt and other financial challenges you may be facing.
In the end, Lexington Law can provide the knowledge and resources to help give you the best chance of resolving your wage garnishment issues.
Can debt collectors come to your house without notice?
No, debt collectors cannot come to your house without notice. According to the Fair Debt Collection Practices Act (FDCPA), debt collectors are prohibited from harassing debtors, and that includes entering or remaining on your property without your express invitation or permission.
The FDCPA also requires debt collectors to provide you with written notice (called a “validation notice”) that details the amount of debt you owe and the name of the creditor to whom you owe it, as well as your right to dispute it.
If the debt collector does come to your house, they must leave if requested, and they must only come between the hours of 8am to 9pm. It’s also important to remember that debt collectors are prohibited from contacting you at your place of employment in many states.
For more information about your rights under the FDCPA, you can consult with a consumer law attorney.
Can debt collectors sue you?
Yes, debt collectors can sue you if they believe that you owe them money. If they decide to file a lawsuit, it will appear on your credit report as a collection complaint. The debt collector must provide proof that you owe them money and provide you with a summons to appear in court.
Once the debt collector has obtained a court judgment, they may be able to garnish your wages, seize assets, place a lien on your property, or garnish your bank account in order to collect the money you owe them.
It is important to respond to court summons and settle the debt with the debt collector in order to avoid going to court. If the debt collector does sue you, it is important to understand your rights and know that you can challenge the lawsuit if the debt collector does not have sufficient evidence to prove that you owe them money.
How can I get a collection removed without paying?
Unfortunately, you may find it difficult to get a collection removed from your credit report without paying the debt. Generally, creditors will not agree to remove a negative mark from your record unless you make good on the debt.
Your best bet is to attempt to negotiate a settlement with the collections agency and possibly get the collection removed in exchange for a payment. To do this, you’ll first need to determine who owns the debt and contact them.
You can call or write a letter with an offer to pay a portion of the total owed. It’s important to get the settlement agreement in writing before you make any payments. If the collections agency agrees to have them removed as part of the settlement agreement, you must fulfill the terms of that agreement to ensure that the collections are removed.
It’s also important to get a deletion letter from the agency confirming the item is removed from your record.
Can collection agencies remove debt from credit?
Collection agencies cannot remove debt from credit reports. Depending on the circumstances and the laws in the state where the debt was created, collection agencies can and do often negotiate for settlement of the debt for less than what is owed or even for complete forgiveness of the debt.
However, even if the debt is forgiven or settled for amount less than what is owed, the debt may still remain on the credit report for up to 7 years after it was reported to the credit bureau, and will continue to negatively impact the credit score during that period.
For this reason, it is important to be aware of the state laws regarding debt collection, and to speak with a consumer law attorney if there is any question about the validity of a debt or about how to dispute a debt on a credit report.
Can collections be erased?
Yes, collections can be erased, although the process varies depending on the type of collection. Financial debts or items held in collections, such as phones, furniture, or medical bills, can be erased by repaying the outstanding amount in full or by negotiating with the creditor.
Collections reported to the credit bureaus can be erased by filing a dispute with the credit bureaus and the individual creditors. Collection agencies can also be known to delete collections from credit reports in exchange for one-time payments or for settling for less than the full amount due.
For collections in a physical form, such as records or books, erasing them could mean physically deleting, discarding, or donating to charity.
Can you dispute a debt if it was sold to a collection agency?
Yes, you can dispute a debt if it was sold to a collection agency. Under the Fair Debt Collection Practices Act (FDCPA), consumers have the right to dispute any debt in writing. If you do dispute a debt that was sold to a collection agency, you can request that the collector validate or “verify” the debt.
This means that the debt collector must provide you with proof of the debt, such as a copy of the original account contract or copy of the original promissory note, account statements or notices you received from the original creditor, or a copy of the transfer documents from the original creditor assigning the debt to the collection company.
Once you receive the request for validation, you might also want to send a letter disputing the debt, or questioning any perceived inaccurate information about the debt. If the debt collector does not provide proof, or if you disagree with the validation that the collector provides, you may send a written dispute to the collector, indicating why you are disputing the debt.
Does removing collections improve credit score?
Yes, removing collections can improve a credit score, depending on the other components of the credit report. Generally, collections account for about 10% of a person’s total credit score, so if the collections account is removed, other factors, such as on-time payments, low credit utilization and age of credit, will be weighed more heavily.
However, it is important to keep in mind that collections will remain on a person’s credit report for up to seven years. Thus, it is best to take precautionary measures to avoid collections accounts appearing on a credit report, such as keeping up with payments and monitoring one’s credit regularly.
How many points will your credit score increase when a collection is removed?
The exact amount that your credit score will increase when a collection is removed from your credit reports depends on a variety of factors, including the age of the collection account, the type of collection account, and your current credit score.
Generally speaking, though, if you have a recent collection account appearing on your credit reports, you could potentially see a significant increase in your credit score once it’s removed. A recent collection account can have a tremendous negative impact on your credit score, in some cases lowering it by more than 100 points.
Removing that collection account could therefore have an equally sizable positive impact on your credit score. On the other hand, an older collection may have already “aged off” your credit report by the time it’s removed, so you won’t see much of an increase.
Similarly, if you already have multiple accounts in collections, it’s likely that removing one would not have that much of an impact on your credit score. It’s important to keep in mind that a collection account removal cannot be guaranteed and is subject to the discretion of the credit bureaus.