Lexington Law Firm? Credit Repair Services? (credit report, debt, payments, companies)

[LuLu108]

Anyone know much about them? BBB says they are a satisfactory company and are a member.

This is a legal firm that is supposed to help people get negative accounts removed from their report and/or intervention procedures to get rid of charge-offs, late payments, unverifiable accounts, or change the way it is laid out on your report to reflect a more positive score.

Check them out at: Improve Your Credit Score - Lexington Law™ Credit Repair Look at the Concord Standard, tell me what you think.

And if you've ever dealt with them or know someone who has.

Thanks!

[UseJeff]

You may want to just look for articles on how you can repair your own credit, vs. paying someone what tends to be a large amount of money to fix it for you.

Search the posts I've made for anything to do with credit... I've discussed everything from free reports to how to dispute, and pay off collections properly.

[Karla with a K]

lulu
these companies don't do anything different than you can do you just pay them to do it. I rank them on the same level as those "settlement negation" companies lol don't get me started on them
They look for "loopholes" They do things like send many dispute letters to the credit bureau on a single account, if they all are not responded to they account will be deleted, but as soon as the account is confirmed as a true debt it goes back on. This law was changed years ago when so many "credit repair" companies popped up.
A good site to go to is bankrate.com they have some great articles on fixing your credit.
I am also a fan of Consumer Credit Counseling Services, depending on your situation they can offer lower apr and payment programs. But again be careful of the "john doe" type of companies that claim they can get you on a program most of these companies are not non profit like CCCS.
karla
p.s. almost any business can be a member of the BBB as long as you pay the fee. I have filed complaints with the BBB before and all the company that your are reporting has to say is "They are wrong we did not do this" and they consider the file closed.

[TimtheGuy]

Originally Posted by LuLu108

Anyone know much about them? BBB says they are a satisfactory company and are a member.

This is a legal firm that is supposed to help people get negative accounts removed from their report and/or intervention procedures to get rid of charge-offs, late payments, unverifiable accounts, or change the way it is laid out on your report to reflect a more positive score.

Check them out at: Improve Your Credit Score - Lexington Law™ Credit Repair Look at the Concord Standard, tell me what you think.

And if you've ever dealt with them or know someone who has.

Thanks!

IMO-ALL CREDIT REPAIR BUSINESSES ARE BUNK! It seems the ONLY people that disagree are the people who are in that business. They also always seem to bring up the BBB right away. They are defensive for a reason.

[LuLu108]

Ok, here's the deal.......you will see why I was interested........

I had a relative that has had some problems recently on their credit report with multiple negative listings of the same debt. Anyway, one of the companies was Asset Acceptance, LLC.

Long story short, years ago, I had a Bally's gym membership but canceled my membership since I lived too far away and couldn't get there much at all. The company told me that by living 25 mi. or more away from the closest Bally's, that I could cancel without any penalties. So, I canceled. Now about a year or so ago, I noticed it was on my credit report, and I disputed it, gave the reasons why, and it was deleted. Now, after the credit issues with my relative, I went to freecreditreport.com and got mine from Experian. And low and behold, there is Asset Acceptance there, for a crazy amount of $3, 102!!!!!!
I have been going crazy today trying to figure out what this was! I never owed anybody that amount, and it doesn't say what it was from it just says, unknown/credit collection as the type.

So, I've been doing some research on the company, and it seems as though alot of people are complaining about this company, it's procedures, and how they buy old debts and double the amount owed and constantly reassign a new date so it cannot succumb to statute of limitations. I went to RipoffReport.com, and there are countless complaints about the company. I was reading the posts and I noticed one of the posters stated that the company was trying to collect a debt from Bally's and that she had not had a gym membership with Bally's for 19 years! And that her membership was closed in good standing as well. This leads me to believe that they may be trying to collect that debt I had removed from my report last year! What's a girl to do? I want to get these people off my report without getting tricked. By what I've been reading about them, they are real cons! Very harrassing, and unfair, but nothing gets done to stop them. This is scaring me!

Any help??? Please???

Thanks everyone!

[LuLu108]

Ok, update!

Now, I save hard copies of everything! I pulled out my report dispute from last year. The investigation into the Bally's account was conducted by TransUnion and they deleted it for me. I do see it was in fact Asset Acceptance, LLC listed as the perps but it also stated it was a debt owed to Bally's. Now on my new credit report from Experian, it shows Asset Acceptance, LLC, but does not say it is for Bally's, however, I matched the account number with the old account number on the one that was deleted from last year. So this is in fact, the same Bally's alleged debt, and has tripled in the amount from last year's claim! Unfreakinbelievable!!!!!!! So, do I just send in a dispute to Experian stating that this was a fraudulent attempt to collect money not owed and that it was deleted from my TransUnion credit report last year and that should do it?

How can this company continue to put on my credit report the same thing after it was deleted once before? Can I sue the pants off of them if they keep doing it, because it seems like it's just going to keep getting put on my report over and over and increase in the amount every time! What is up with this company? What can be done about people like this? If anything?

[Karla with a K]

ok lulu this is a easy one
first how long ago was this Ballys from? The reason I ask is I have a feeling the statue of limitations for this may of expired.
You can dispute it right on line with the credit bureaus just say you have no idea of the debt.
If you should be contacted by this company say "when are you showing this debt was opened (never ever confirm that you know of this debt) your not really lying because you were told if you were out of the range you could cancel and did so there should be no charge so you would not be aware of it. Then tell them please provide me proof of this debt. If it has been sold or given to a collection company many times bet no one can come up with a signed application. No proof no debt.
Guess what this is one of the tricks you pay companies to do.
Normally I am not one to say walk away but this is a legitimate they screwed up situation.
Now if you have nothing better to do with your day you can pull the old contract out that shows you legally canceled the contract and fight it that way but IMO going for the statue of limitations and proof of debt is easier.

When we were mortgage shopping when we thought we were moving my hubbys credit score were 780 790 and 689 ok there is a problem when I reviewed his credit report Experian showed a trade line in collections that we have never heard of we disputed it on line and they took care of it that one trade line that was reported cost him 100 points. It appears someone at the collection agency transposed numbers.

This is why I "preach" to everyone to check their credit once a year the credit reports them self are free but you need to fork over the few dollars to get your scores so you can be alerted to errors you will also have a baseline of your credit scores for future monitoring.


ok time to go walk the dogs
credit class is dismissed

karla

[LuLu108]

Thanks Karla!

This is something I had deleted from my TransUnion credit report last year! Should I have to even do anything else besides notify Experian that this is something that was deleted once allready? [ I know, I'm sorry, I just not really sure of what to do first, which is why I've done nothing yet......ummm, do I just go ahead and dispute it online, and say I don't know this debt.....or do I say this was deleted from my report once allready last year?]

It has the exact same account number as the one that was deleted from my Transunion report last year. [I thought that once something was deleted by one credit bureau, they communicate that with the other two bureaus......not correct?] Anyway, sounds like after I got it taken off my report, they skipped on over to Experian and started a claim there. I guess I need to contact Equifax next after getting it deleted from Experian too, huh??

Yeah, this has caused my score to go waaay down! It shows a $3,000 deliquencyand is date on it is 1/1/2004!

Oh, and, thanks teach!!

[UseJeff]

One thing to mention about getting an item "deleted" from your credit report. There are two ways to do it. One is to offer actual proof that the debt is not accurate, and the bureaus will remove it. The other is to dispute it. Now a dispute is simply a 30 day investigation, of which if they do not respond it's removed. This doesn't mean the debt isn't valid, and doesn't mean it won't be sold, or re-reported.

Here's a link to statute of limitations by state: Debt collection statute of limitations listed by state

You want to be careful when dealing with any new creditor. Any new payment will renew activity and basically kick it up to 7 years +180 days (federal law). State laws differ however...

Go to annualcreditreport.com and take all three free reports, and dispute it on them as well.

If you did in fact actually pay ballys, you'll want to contact them directly, and get proof of the "paid in full". Hold onto this until your statute of limitations is up, then send it in to the credit bureaus describing what you want to have done. (essentially removing it legally)

[bubbagirl]

Meaning... if it shows up on one, it is bound to show up on another at some point because most collection agencies report to all 3... and the 3 agencies do not communicate.

That is why it was dropped from one but just showed up on another.

Contact the reporting agency in writing that you dispute the debt. You do not have to indicate it was deleted from another, just that you dispute it and would like it investigated. You do not have to contact Asset Acceptance, only the agency showing it. They will investigate and remove. As said before... NEVER own up to the debt.

As for credit repair places.. they are an over priced scam... I've seen the materials they obtain 'teaching' them how to do this business... It is nothing that you can't do yourself and be more effective yourself.