Kara Sears
Lexington Law is a credit repair company that offers three core service levels ranging from $99.95 to $139.95 per month. The company does not charge an upfront fee, but there is a first work fee charged 5-15 days after engaging their services, which is separate from the monthly billing cycle. This first work fee covers the cost of setting up a customer's account, including gathering credit information and building a custom plan. While the company cannot guarantee results in a certain time frame, the average client uses its services for six months and 72% of all clients saw their credit score improve.
| Characteristics | Values |
|---|---|
| First work fee | Charged 5-15 days after engaging the service |
| First payment | $139.95, paid 5-15 days from the start date |
| Monthly payment | $95.95-$150 |
| Payment method | Electronic transfer or ACH deposit |
| Late fee | $19.95 |
| Fee to change a scheduled payment | $9.95 |
| Average monthly savings | $127.29 |
| Average yearly savings | $1,527.48 |
| Average savings over the life of the loan | $45,824.40 |
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What You'll Learn
The first payment is $139.95, 5-15 days after your start date
Lexington Law offers three core credit repair service levels, with prices ranging from $99.95 to $139.95 per month. The first payment is $139.95, 5-15 days after your start date. This first fee is separate from your monthly billing cycle and is charged for the initial work completed, including setting up your account, gathering your credit information, and building a custom plan.
After the first payment, you will be charged a monthly fee for the services. This monthly fee is billed after the services are rendered, meaning you only pay for the work completed. The monthly fee includes pulling updated reports, monitoring your credit, and reviewing responses from the bureaus.
Lexington Law understands that credit repair can seem like an unnecessary expense, especially when facing financial difficulties. However, they emphasize the potential savings that can be achieved by improving your credit score. An enhanced credit score can lead to significant savings on mortgage, car loan, and credit card interest rates, resulting in thousands of dollars saved over the lifetime of a loan.
If you are unable to afford credit repair services, Lexington Law provides free resources to help you repair your credit reports on your own. They offer a free credit score guide, which includes information on understanding your credit score, reading your credit reports, and taking the first steps towards improving your credit.
It is important to note that the cost of credit repair services may vary, and there might be additional fees or charges depending on your specific situation and the services provided.
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Monthly payments are $139.95
Lexington Law offers three core credit repair service levels, with monthly payments ranging from $99.95 to $139.95. The $139.95 monthly payment option is the most expensive of the three plans.
The first payment of $139.95 is charged 5-15 days after engaging the service, with monthly payments of the same amount charged thereafter. The monthly billing cycle includes pulling updated reports, monitoring your credit, reviewing responses from the bureaus, and more.
Lexington Law also charges a first work fee, separate from the monthly billing cycle, to cover the initial setup of your account, including gathering your credit information, helping you choose challenge reasons, and building a custom plan. This fee is charged within 5-15 days of engaging their services.
While the monthly payments of $139.95 may seem expensive, Lexington Law has a long history of successfully removing negative items from clients' credit reports. The company is one of the largest and most successful credit repair companies in the US. 72% of all clients saw their credit score improve while using Lexington Law's services, with 87% of those clients experiencing an increase of 40 points or more.
By hiring an experienced credit repair firm, you can improve your financial health and save money in the long run. A better credit score can lead to lower interest rates on loans and mortgages, potentially saving you thousands of dollars over the lifetime of a loan.
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A late payment fee of $19.95 is charged if payment is returned
Lexington Law offers credit repair services with three core service levels ranging from $99.95 to $139.95 per month. The first work fee is charged 5-15 days after engaging their services, and this is separate from the monthly billing cycle. This fee covers the setup of your account, including gathering your credit information, helping you choose challenge reasons, and building a custom plan.
If a payment is returned or dishonored by your bank or credit card company, Lexington Law will redraft the payment and add a $19.95 late fee. They will continue to attempt to draft your account during a 30-day period until payment is received. If payment is not received within this 30-day period, your case will be suspended until new payment arrangements can be made.
It's important to note that credit repair services may not be necessary for everyone. Lexington Law acknowledges that their services might be unaffordable for some, and they encourage individuals to take the time to learn about the credit reporting system and work on repairing their credit reports independently. Improving your credit score can lead to significant savings over time, and Lexington Law's services may be valuable for those who require assistance in navigating the system and optimizing their financial health.
Late payment fees can be a concern for individuals facing financial challenges, and it's always a good idea to review the terms and conditions of any service before signing up. While Lexington Law offers a range of services to fit different budgets, it's essential to carefully consider your financial situation and decide if their services align with your needs and capabilities.
Late payment fees are a common feature of many subscription-based services, and they can vary in amount and policy. Lexington Law's late fee of $19.95 is added to the returned payment amount, and they actively work with clients to resolve payment issues within 30 days to prevent further complications. It's worth noting that late payment fees are generally avoidable by ensuring timely payments, and it's in the best interest of both the client and the company to maintain consistent payments to continue receiving the services offered.
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Changing a scheduled payment requires a $9.95 fee
Lexington Law offers three core credit repair service levels, with monthly fees ranging from $99.95 to $139.95. The first work fee is charged 5-15 days after engaging their services and is separate from the monthly billing cycle. Thirty days after this first work fee, the monthly bill for their services is charged.
If you need to change a scheduled payment, Lexington Law requires at least three business days' notice before the payment date and a $9.95 fee. This fee is separate from the monthly fee and is charged each time you need to change a scheduled payment. It's important to plan ahead and make any necessary changes to your payment schedule in advance to avoid any additional charges.
The $9.95 fee for changing a scheduled payment is a standard charge across all of Lexington Law's service levels. This fee is designed to cover the administrative costs associated with processing payment changes. By providing at least three business days' notice, you can help ensure that your payment change request is processed smoothly and on time.
It's worth noting that Lexington Law also charges a $19.95 late fee for returned or dishonored payments. To avoid this additional fee, ensure that your payment method is up to date and that sufficient funds are available to cover the monthly charges. Lexington Law's billing practices are similar to those of typical utilities, where billing occurs after the services have been rendered. This means that you will receive a final bill from them, even after cancellation, for any work completed.
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Monthly payments can be set up via automatic bank draft
Lexington Law offers three core credit repair service levels, with monthly payments ranging from $99.95 to $139.95. The first work fee is charged 5-15 days after engaging their services and is separate from the monthly billing cycle. This fee covers the initial setup of your account, including gathering your credit information, helping you choose challenge reasons, and building a custom plan.
The benefit of setting up an automatic bank draft is that it ensures your payments are made on time and helps you avoid any late fees or disruptions to your credit repair process. It also eliminates the need to manually make payments each month, providing convenience and peace of mind.
To set up an automatic bank draft, you will need to provide Lexington Law with the relevant account information, including the numbers appearing on your regular check. This information will be protected by Lexington Law's high-grade encryption, ensuring the security of your personal and financial details.
By choosing one of their credit repair service levels and setting up monthly payments via automatic bank draft, you can take control of your credit score and work towards improving your financial health.
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Frequently asked questions
The first payment for Lexington Law is \$139.95, which is charged 5-15 days after engaging their services. This is separate from the monthly billing cycle and is charged for setting up your account.
The monthly charges for Lexington Law range from \$99.95 to \$139.95, depending on the service level chosen. The billing cycle starts 30 days after the first payment.
Lexington Law accepts electronic transfers from your checking account. They use high-grade encryption to protect your personal information during the signup process.
Yes, Lexington Law charges a \$9.95 fee for changing a scheduled payment. Additionally, a \$19.95 late fee is applied if a payment is returned or dishonored, and your case will be suspended after 30 days if payment is not received.
