Thursday, January 3, 2008

Lexington Law: Prosperity Tool or Needless Rigmarole

Now that on-line banking services are now as secure as their traditional equivalent, does the Lexington Law Firm’s service (promise?) of improving one’s credit score help or hinder our goal towards financial security?


By: Ringo Bones and Vanessa Uy


Since the advent of on-line banking, meeting ones financial needs like e-loans is now only a mouse click away. Some on-line banks have even adopted the concepts of Nobel laureate Professor Muhammad Yunus’ “Banking for the Poor.” You can now avail to a socially responsible investing by providing small business loans to the needy via the Internet. But as one’s on-line business keeps on growing, sooner or later, one will encounter “credit report” problems. Fortunately, there are service providers on-line whose business is to provide solutions to these kinds of problems.

As seen on their adverts, Lexington Law firm promises to improve your credit score and provide credit repair. Lexington Law firm has pioneered credit services over the Internet. Lexington Law firm has been providing credit repair services for many years and have a select group of experienced attorneys who specializes in credit repair. The law firm had helped over 90,000 Americans repair their credit by removing inaccurate, misleading or unverifiable items / information from their client’s credit reports. From bankruptcies to charge - off to tax liens, Lexington Law firm have challenged virtually every credit problem under the sun. They’re good at what they do because they believe in their work. Their attorneys enjoy what they do and are committed to their clients. This means they get you results that you –the client-can count on, results that can literally turn your life around.

Lexington Law firm ignited the consumer credit repair revolution in 1991 with their off-line credit repair services, and reinvented the consumer credit repair process in 1997 with it’s e-Client service. Lexington is committed to providing the best and most effective credit repair solutions to consumers through its innovative credit repair and Internet offerings. At present, Lexington has helped over 200,000 Americans repair their credit reports by removing inaccurate, misleading, or unverifiable information. The firm also promises 24 hour 7 days a week support, same day service, no hidden fees and their clients can cancel anytime.

Since their establishment in 1991, only a very small minority of Lexington Law firm’s clients experienced dissatisfaction of the services provided. Like the one client who voiced her opinion on creditforum.org, she said Lexington Law firm does “NOT” provide dispute letters to clients? Spam disputes only? While some of Lexington Law firms more extreme critics describe the firm as an “ENRON” waiting to happen.

From what I had observed so far, Lexington Law firm provides an invaluable service of improving one’s credit score especially in this age of on-line banking where prospective clients can only “meet” the bank manager in cyberspace. The service they provide could literally save your credit so that when the time comes when you need money in a hurry, there will be no problem asking your on-line bank for an e-loan i.e. to borrow money. I wonder if Lexington Law firm also includes credit counseling or a tip to reduce debt as part of their on-line service? Also, one can’t ignore the testimonials of thousands of their satisfied clients, which only serve to strengthen Lexington Law firm’s reputation.

Like all business related firms, only time will tell if Lexington Law firm will boom or bust in this new age of on-line banking where the primary goal of their clients is the acquisition of extra money. I just hope that they’ll survive the current July 2007 slowing down of America’s credit market.

5 comments:

Ron Robins said...

Though not the gist of your post, I do see you mentioned socially responsible investing in regard to the internet. If any readers are interested, I have been following socially responsible investing for about forty years and have a website that covers the latest relevant global news at www.investingforthesoul.com

Best wishes, Ron Robins

Yvette said...

Even though the root cause of the US "Economic Turmoil" can be traced to irresponsible banks, greedy borrowers, foolish speculators; incompetent regulators, the central bank heads who kept the cost of borrowing money too low for too long (paging Alan Greenspan). One group has just recently become newsworthy in their culpability in creating our current global economic debacle, namely credit rating agencies.
The American subprime market became the most notorious example of the abuse of the credit rating process, and ultimately of common sense. Mortgage loans made to lower-income clients with less-than-pristine credit scores who had more often than not lied about their incomes and borrowed many multiples of their ficticious salaries, were pooled and securitized,then granted the gold standard,top-rated rating of "AAA". Wheres the Basel Accord when you need it?

Vanessa said...

For more than thirty years, credit rating agencies have played a pivotal role in the global debt markets. A sale of bonds has since required a prerequesite of "stamp of approval" from Moody's, Standard & Poor's or Finch's. Credit Rating Agencies scale of credit ratings - from AAA for an issuer of unimpeachable credit worthiness, to C 's and D 's for issuers of highly speculative or defaulted securities - i.e. junk - form the basis of the capital markets. If the rigmarole behind this process reminds you of Medieval Alchemist's methods of turning base metals into gold, to me, it really is. Further reinforced by my nagging feeling that the "Stock Exchange" in general is largely a "ficticious economy". The alchemy involved in Credit Ratings is the reason why Credit Rating Agencies are coming under fire recently - because trillions of dollars of investors' money is at risk, or already at risk due to these Credit Rating Agency's inability to avoid dodgy mortgage investments and subprime losses.

Ringo said...

When everyone in the US Congress are still at loggerheads wheather to approve the proposed 700 billion dollar bailout plan to nationalize America's bad credit, the American taxpayer are starting to get weary whether they will be the guarantors of last resort. To me, this proposed bailout is a sham and unfair because its the mortgage customers that need protection, not the Wall Street "fatcats". Is this the end of capitalism - i.e. credit driven economy - as we know it? And most of all is Karl Marx absolutely right in predicting the fall of capitalism, only this time he's eight years late?

Silke said...

Thanks for sharing your thoughts about the good information about Lexington law.