What a credit repair company can do for you
Many criticisms of credit repair companies are based on the same simple premise; there is nothing a credit repair company can do for you that you cannot do yourself. The FTC website even states that "anything a credit repair clinic can do legally, you can do for yourself at little or no cost" and the Credit Repair Organizations Act goes so far as to require that all credit repair organizations provide a statement to every customer with specific language stating that all consumers have the right to order copies of their credit reports and dispute any inaccurate information they contain.
So what is the truth behind these statements? The truth is they are 100% correct. There is nothing Lexington Law or any other credit repair company can do for you that, given experience and study, you could not do for yourself. Of course, the same could be said of many of the services people already pay for.
You have every right to change your car’s oil, rotate the tires, change the spark plugs, or even rebuild the engine. People do so every day and while there are laws dictating some parts of the process (you must dispose of waste in an appropriate manner), there are no regulations stating that you have to pay a mechanic to do these things for you.
But while many people will take the time to learn the basic steps to maintaining their vehicle, there is little concern that mechanics will be running out of work anytime soon. For most people, it is simply not worth it to learn how to repair their own cars and then take the time to do so. It is a better use of resources to pay someone who already has the knowledge, experience, and tools to do the job for them.
It is clear that, although mechanics do not do anything for you cannot do yourself, they are still a highly valuable service. The same can be said for the lawn care service that aerates and fertilizes your lawn, the tax accountant who charges to prepare your statements, and even the supermarket you purchase cheese from instead of milking your own cow. And the same can be said for credit repair companies like Lexington Law that help consumers who do not have the time or desire to take on the task themselves.
For over 20 years, Lexington Law's credit repair services have been helping clients legally dispute the questionable negative items on their credit reports with impressive results. Lexington Law's clients have seen millions of negative items removed from their credit reports including late payments, collections, charge-offs, and even bankruptcies.How we count removals