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Credit Repair Services: They're Not All Bad
- By Stuart Hunter
- Published 01/15/2010
- Credit Score
- Unrated
Stuart Hunter
Providing credit repair services since 1991, Lexington Law has helped over 500,000 clients legally take on their credit. Last year alone, Lexington Law helped clients remove over 600,000 negative items from their credit reports.
View all articles by Stuart Hunter
The credit repair industry can be a scary place. With the number of news articles, television segments, and "expert" pieces cautioning against credit repair scams that get published by well regarded media outlets, it can look like the best course of action is to steer clear of credit repair companies altogether - a course of action many news outlets seem to support.
A quick search turns up numerous articles talking about how to keep yourself from becoming the victim of a credit repair scammer. Most itemize a list of red flags such as companies charging hefty upfront fees, claim to be able to create a clean credit report, don't keep you informed of your right to repair you credit yourself, and generally make misleading or inaccurate statements. At this point, however, a very small portion of articles mention that there are credit repair services like Lexington Law who do not engage in the practices that are common to a credit repair scam. In fact, many articles from premier news agencies such as CNN end by suggesting consumers "get legitimate help" from consumer credit counseling services.
Not only is this advice incomplete, but it is also completely useless to people who truly could benefit from the assistance of a legal credit repair
service. Credit counseling may be able to assist people who are struggling to make payments on their debts, but it will do nothing to improve your credit score. Some credit counseling programs even have the potential to make your credit look worse.
Unlike consumer credit counseling services that aim to help bring your debts under control, credit repair services are designed to help you raise your credit score. They are not mutually exclusive offerings and in many cases, a person who has used a credit counseling service to help manage their debts becomes a great candidate for credit repair once they have completed the program.
Legal credit repair services like those provided by Lexington Law do serve a purpose and it is a disservice to imply otherwise. Hopefully as consumers and news columnists alike become more familiar with credit repair and the services credit repair organizations provide, we will start seeing more of a balance between news stories warning of credit repair scams and news stories detailing qualities to look for in a reputable credit repair service.
A quick search turns up numerous articles talking about how to keep yourself from becoming the victim of a credit repair scammer. Most itemize a list of red flags such as companies charging hefty upfront fees, claim to be able to create a clean credit report, don't keep you informed of your right to repair you credit yourself, and generally make misleading or inaccurate statements. At this point, however, a very small portion of articles mention that there are credit repair services like Lexington Law who do not engage in the practices that are common to a credit repair scam. In fact, many articles from premier news agencies such as CNN end by suggesting consumers "get legitimate help" from consumer credit counseling services.
Not only is this advice incomplete, but it is also completely useless to people who truly could benefit from the assistance of a legal credit repair
Unlike consumer credit counseling services that aim to help bring your debts under control, credit repair services are designed to help you raise your credit score. They are not mutually exclusive offerings and in many cases, a person who has used a credit counseling service to help manage their debts becomes a great candidate for credit repair once they have completed the program.
Legal credit repair services like those provided by Lexington Law do serve a purpose and it is a disservice to imply otherwise. Hopefully as consumers and news columnists alike become more familiar with credit repair and the services credit repair organizations provide, we will start seeing more of a balance between news stories warning of credit repair scams and news stories detailing qualities to look for in a reputable credit repair service.
