*Loan,banking and credit>>>credit repair

Has any one used Lexington Law credit repair service?

I am trying to get some feedback if this company is worth the money.

All I know is they somehow got my e-mail address, and spammed me a lot. This was just recently. Look them up on the BBB (Better Business Bureau)

But, I did find this:
Copyright 2007 The Florida Times-Union
Florida Times-Union (Jacksonville)

January 27, 2007 Saturday
HEADLINE: Some call credit cleanup a rip-off;
But others say paying to fix mistakes is worth it

Anyone with a credit record that bears the scars of missed payments, defaults and bankruptcy would love to turn back the clock and start over.

It's not that easy.

Although there are reputable businesses that help consumers through the credit repair maze, state and federal agencies say they are fielding thousands of complaints from people who paid businesses to "clean up" their credit reports.

Last year, the Federal Trade Commission joined eight state law enforcement agencies -- including Florida's attorney general -- in a crackdown on 20 businesses that claimed they could strike bad marks from credit reports.

The businesses typically charged several hundred dollars in advance and promised to permanently eliminate negative information from credit reports, even if the information was "accurate and timely," according to the FTC.

In another twist, the Florida Attorney General's Office is currently investigating a Tampa-area business on allegations it helps people hide their past by creating a new credit identity when applying for loans. The state said it is looking at whether RCA Credit Services directed customers to seek a nine-digit Employee Identification Number from the Internal Revenue Service that could be used instead of a Social Security number when applying for credit.

The civil investigation, which has reached no conclusion, is looking into whether RCA Credit reported "fictitious great credit" on the Employee Identification Number to hide the applicant's real credit history.

A representative of RCA Credit could not be reached for comment because the company does not have a listed telephone number.

"It's crazy what kind of things are out there that pop up," said Bill Thompson of Family Foundation, a Jacksonville organization that provides credit counseling.

He and FTC spokesman Frank Dorman said there's nothing a credit repair business can do for consumers that they can't do themselves by sending letters challenging errors.

"There is absolutely no reason to pay for credit repair ever," Dorman said.

Still, such businesses have gained clients who want to boost their credit scores.

The cost of hiring a credit repair business can be repaid many times over when a client gets a better interest rate for a loan, said Beth Smith, office manager for Nationwide Credit Services in Jacksonville.

Insurance companies also consider credit scores in determining rates and employers can check out credit scores when interviewing job applicants.

With so much at stake, Smith said people hire a credit repair company for the same reason they pay a mechanic to change the oil or a barber to cut hair.

"We can do it more efficiently," she said.

She said her business operates within federal laws that regulate credit repairs. She said any negative information on a credit report is "fair game" for a challenge.

Under federal law, credit bureaus have 30 days to investigate whether the information is accurate. Lexington Law, one of the country's biggest online credit repair services, compares it to a client presenting a plea of not guilty in court. If the credit bureau cannot prove the item belongs on the report, it must delete the information.

However, the reprieve might just be temporary. Even after the 30-day period passes, credit bureaus can reinstate the bad mark if further investigation determines the item is accurate, Thompson said.

CLEANING UP YOUR CREDIT

When inaccurate information gets on a credit report and drags down a credit score, it's up to the consumer to bring the error to the credit bureau's attention. Here are some steps to take.

-- Get a free copy of your credit report by going to the government-authorized Web site www.annualcreditreport.com or calling toll-free at (877) 322-8228. You can get a free credit report from each of the three biggest credit bureaus once a year. You can request all three reports at the same time, or you can ask for a different company's report every four months. Pay attention to other Web sites that offer "free" credit reports. The free period might just last a month and then they will automatically bill your credit card for continued report monitoring.

-- If you find an error, get credit reports from all three credit bureaus -- Experian, TransUnion and Equifax. Tell them what negative item you are contesting.

-- If you want to use a credit repair business, avoid a company that tells you to pay for the service before they provide any assistance. Companies typically charge by the month as they do the work. Companies must tell you that you have the right to contact a credit reporting company yourself and can challenge negative information for free by doing it yourself. Avoid a company that advises you to dispute all the information in your credit report.

-- Avoid a company that says it can create a new "credit identify" to hide your past.

Source: Federal Trade Commission

I've never used them personally, but I think they are legitimate.
I am currently using them and they are helping me. I have only good things to say about their service and feedback. It has only been a little over 3 months but they have been effective.