Lexington Law Credit Repair Review (2024)

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Lexington Law is a credit repair service that can help fix your credit by disputing inaccuracies on your credit report. However, with legal troubles and high fees, it's a far cry from the best credit repair companies. Read on to learn more about Lexington Law.

Overview of Lexington Law Firm

Introduction to Lexington Law

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 achieve for free.

Lexington Law also offers credit monitoring, which is priced more reasonably starting at $8.95 per month, but still provides less utility 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 Inc. have been the subject of lawsuits served by the Consumer Financial Protection Bureau and Minnesota's Department of Commerce. Both suits accuse the company of deceptive marketing practices. The CFPB says Lexington Law's telemarketing efforts demanded upfront payment before services were delivered, which is against federal law.

As a result of the CFPB lawsuit, PGX declared Chapter 11 bankruptcy in June 2023, laying off 900 of its 1,200 employees. Between the bankruptcy filing and the legal troubles, you're better off finding credit repair elsewhere.

Services offered by Lexington Law Firm

Detailed breakdown of 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 - $139.95 per month.

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 improve your credit scoreby targeting the various factors that the credit scoring algorithms like FICO and VantageScore use to calculate it. 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. This is a feature commonly found among identity theft protection services. However, you're better off with another service, if you're in the market for identity protection. Most of the best identity protection services are far cheaper than Lexington Law.

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, paying off debt fast, or saving money. Similarly, the personal finance manager allows users to link their financial accounts so they can keep track of their spending.

Pricing and Plans

Lexington Law's credit repair plans range from $59.95 - $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" five 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 Enroll With Lexington Law

Before you sign up for Lexington Law or give them any of your contact information, check your credit reports on your own. You can request a free credit report from each of the three major credit bureaus once a year at AnnualCreditReport.com.

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 from the time the information was reported. No credit repair service will be able to remove it, not even a credit repair service that employs lawyers. If the information is inaccurate, you can remove that by disputing the item with the credit bureaus through the following channels:

Equifax

Visit Equifax online

Mail dispute form to:

Equifax Information Services LLC
PO Box 740256
Atlanta, Georgia 30348

Or call 866-349-5191

Experian

Visit Experian online

Mail dispute form to:

Experian
PO Box 4500
Allen, Texas 75013

Or call 888-397-3742

TransUnion

Visit TransUnion online

Mail dispute form to:

TransUnion LLC
Consumer Dispute Center
PO Box 2000
Chester, Pennsylvania 19016

Or call 800-916-8800

Buying Lexington Law credit repair itself is easy. You just need to choose which plan looks the most beneficial and provide all the information they ask for. Consider the free credit consultation, which gives you some starter tips, after which you can decide if Lexington Law is really worth it.

How Does Lexington Law Compare?

Founded in 2004, Lexington Law is an established credit repair company, though that's a low bar.

You should vet any credit repair service thoroughly. There's really no quick fix for your credit score if you did the damage yourself through missed payments or getting too many hard inquiries at one time. Any company offering to remove negative information on your credit report that is accurate isn't being completely honest with you. The only information a credit repair company can remove is inaccurate information, which you can also have removed yourself.

Lexington Law Lawsuits

As mentioned above, 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, the CFPB says PGX Holdings promised home loans, requiring Lexington Law to qualify for these loans. According to the CFPB's allegations, it also violated the Telemarketing Sales Rule, which bans upfront fees for credit repairing services before any services have been delivered.

The district court ruled against PGX in March 2023, finding that PGX violated the TSR allegations, at which point PGX filed for bankruptcy. The CFPB settled with PGX in late August 2023, with PGX responsible for a $2.7 billion judgement for redress and over $64 million in civil penalties. PGX and its subsidiaries are also banned from telemarketing for 10 years.

Thesecond lawsuit came from Minnesota's Department of Commerce, which, in addition to the same upfront fee violations, accused Lexington Law of making 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."

Given these lawsuits, I would exercise extreme caution with enrolling with Lexington Law.

Lexington Law Frequently Asked Questions (FAQ)