Lexington Law (Part 1)

Nothing upsets me more than industries that prey on consumers who are already having trouble. I'm all for the open market, and don't believe consumers by and large need to be protected from themselves.  Nevertheless, I wouldn't want to ever get into the pawn shop business, or payday loan business.  It just wouldn't give me any satisfaction.

Along a similar line, I can't stand credit repair organizations that are rip-offs.  In my mind, Lexington Law is one of those rip offs.

Now, I will say that the FTC is technically correct when they say consumers can do their own credit verification, just as technically you can give yourself a haircut.  But the cards are stacked against the consumer, which is why so many look to credit repair service providers.

Which is where Lexington Law comes in.  Wronged consumers with credit issues, search the web and find the website for Lexington Law. "Ahhh, maybe a specialized law firm can help me...."

What they don't realize is the law firm is simply a mechanism for avoiding the credit repair organization restrictions placed on firms by the federal government (can't collect fees before service provided, must be bonded, etc).  NO LAWYER WILL EVER LOOK AT ANYTHING FOR YOU.  They have a firm that contracts with the law firm front you sign the agreement with, with hourly employees who send out letters.  So, the $100 sign up fee and $50 / month gets you form letters sent by an hourly employee?  Is that it?

Oh, there's more.