hajimon Posted April 2, 2007 Report Share Posted April 2, 2007 Im thinking about trying this lexington law firm. I know this is not the best course of action but i have a paid judgement over a year that i need from my report, also 8 baddies that wont budge.My thinking at this point is that if they can cut my baddies down to 4 and get my judgement deleted, i fee it will be worth the $280 they will charge me for 3 months. $99 setup and $59 a mo x 3 mos.Anyway this is just what im thinking not etched in stone because there is no gurantee that it will work.I think that i am mad now because my tu fico dropped from 651 to 642, while my tu faco went from 613 to 618 with the help of a "b".The only reason I am leaning towards this instead of doing it myself is that I have a time factor involved because im trying to purchase a home in the next 3 mos, especially with the sub prime marketin disaray.its seems to me that financing is unavailabe to anyone with a median fico less than 640.Anyway my thoughts as of right now any feedback either way is appreciated.h Link to comment Share on other sites More sharing options...
Methuss Posted April 2, 2007 Report Share Posted April 2, 2007 I wouldn't. Lexington has been known to screw up people's reports more frequently than fix them. And their methods are not always legal, despite their trade name.If you have any credit card balances, reducing that is the fastest way to boost your credit scores. Revolving credit utilization makes up a whopping 30% of your total score. Link to comment Share on other sites More sharing options...
ZORG Posted April 2, 2007 Report Share Posted April 2, 2007 It's not worth the risk.You can do ANYTHING for your own credit report that they can do (and more). Link to comment Share on other sites More sharing options...
zwiepak Posted April 2, 2007 Report Share Posted April 2, 2007 Im thinking about trying this lexington law firm. I know this is not the best course of action but i have a paid judgement over a year that i need from my report, also 8 baddies that wont budge.My thinking at this point is that if they can cut my baddies down to 4 and get my judgement deleted, i fee it will be worth the $280 they will charge me for 3 months. $99 setup and $59 a mo x 3 mos.Anyway this is just what im thinking not etched in stone because there is no gurantee that it will work.I think that i am mad now because my tu fico dropped from 651 to 642, while my tu faco went from 613 to 618 with the help of a "b".The only reason I am leaning towards this instead of doing it myself is that I have a time factor involved because im trying to purchase a home in the next 3 mos, especially with the sub prime marketin disaray.its seems to me that financing is unavailabe to anyone with a median fico less than 640.Anyway my thoughts as of right now any feedback either way is appreciated.hYou know, this is one of those topics I spent a fair amount of time researching (inside and outside this board). For every person that claims LL helped them, there is someone who says otherwise. Seems 50/50 to me, but I would at least say, they aren't a 100% scam operation. Some get results some don't. I chose not to, simply because I can chip away at it myself, and am under no squeeze to get anything within the next 2-3 years. As for getting a home loan, I'd bet you can still get something out there on relatively decent terms, I really doubt the sub-prime loans have suddenly vanished. Have you actually tried, or are you just speculating you can't get a home loan? Link to comment Share on other sites More sharing options...
hajimon Posted April 2, 2007 Author Report Share Posted April 2, 2007 thx once again methuss, thats exactly what i needed to hear. h Link to comment Share on other sites More sharing options...
hajimon Posted April 2, 2007 Author Report Share Posted April 2, 2007 You know, this is one of those topics I spent a fair amount of time researching (inside and outside this board). For every person that claims LL helped them, there is someone who says otherwise. Seems 50/50 to me, but I would at least say, they aren't a 100% scam operation. Some get results some don't. I chose not to, simply because I can chip away at it myself, and am under no squeeze to get anything within the next 2-3 years. As for getting a home loan, I'd bet you can still get something out there on relatively decent terms, I really doubt the sub-prime loans have suddenly vanished. Have you actually tried, or are you just speculating you can't get a home loan?my financing is going to happen im just trying to bump myself up a few more pts to get a better interest rate. Im probably stuck @6.83 which isnt the best but its plausible for the next 18 mos. Until the rates go back down in which is going to occur probably this time next year. Sub prime hasnt vanished but they have tightened the screws. This summer is probably going to be hectic for anyone w/a median below 640. In a year's time its going to be good to enter RE investing and start flipping houses. In which this is my tentative plan to pay my home off in 5 years.h Link to comment Share on other sites More sharing options...
serenity06 Posted April 2, 2007 Report Share Posted April 2, 2007 I don't know if I would use their services from what I heard on the board. . The fee of $280 is really high to me. I am still wondering if you can do the same thing that they are going to do with help from some of the experienced people here in CIC. Please think about it before using them. Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 2, 2007 Report Share Posted April 2, 2007 haj,Consider this. Just in today. Apparently another person victimized by Lex Law.http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=265184They appear to be into Lex Law for $1,338 after 21 months and are going into a mediation hearing with the intent of DVing OCs and CRAs.You would be better served with a paid CIC consult.http://www.creditinfocenter.com/misc/ConsultWithTheExpert.shtml Link to comment Share on other sites More sharing options...
CantCU Posted April 2, 2007 Report Share Posted April 2, 2007 I am a firm believer in not paying someone else for something I can do myself.All is not lost. I got a refi in 2002 when I had a judgement and a 60 day late on my CR. Of course, it was not a prime interest rate but I did get approved. Paid off the judgement, and the car loan (the 60 day late on a co-sign I did for my daughter). I honestly don't remember my scores but I believe they were under 500.IMHO, the money you would be paying to Lex Law could be used to negotiate and pay off one of your smaller debts. A PFD, perhaps? There are no quick fixes in credit repair, and we have all made mistakes along the way. Link to comment Share on other sites More sharing options...
serenity06 Posted April 2, 2007 Report Share Posted April 2, 2007 I agree with CantCU.. the money you pay lexington law firm would be good for negotiations... Link to comment Share on other sites More sharing options...
Methuss Posted April 2, 2007 Report Share Posted April 2, 2007 If you are going with an FHA loan, the approval process is not score-driven. Only the rate paid is. Yes you pay PMI if you don't have 20% down, but that's not so bad as it used to be. Last year that was a black hole where you had to pay it and there was little or no benefit. In December 2006, Congress added PMI to the many home related expenses you can deduct off your taxes. So now PMI is treated as paid interest for tax purposes. This makes FHA loans more attractive over those risky 80-20 split loans. Link to comment Share on other sites More sharing options...
hawaiiguy Posted April 2, 2007 Report Share Posted April 2, 2007 Before I found this board I starting using Lex, found this board two days later..Oh well...anyway, Lex said they would send out the letters of dispute on 2/27, when in fact they didnt go out until 3/20, in the meantime when I thought something was going on, nothing was, they charged me for a month and did squat..Don't use them, bad news all the way. Link to comment Share on other sites More sharing options...
hajimon Posted April 2, 2007 Author Report Share Posted April 2, 2007 im not going to use lexington, Im going to wait 3 mos after I close on my home then im going after my report again with both barrels loaded.thx all who responded to my post.h Link to comment Share on other sites More sharing options...
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