Monday, August 02, 2004
Creditattorney.com is the same scam as Lexington Law
A reader asked me for a referral and then inquired about Creditattorney.com.
As much as people do NOT want to hear it, you will not find a credit repair attorney who will work for less than minimum wage as I used to when I accepted Credit Activist clients so that I could use their reports to document my credit research on the web and in the courts.
People have no appreciation for the skill and time required to increase credit scores. If I ever accept clients again, I’ll charge at least $1,000 for the first disputes and result review if there are just a few derogs and at least $2,000 for reports with lots of bad accounts.
And I would actually enjoy to take one or two clients a month if there wasn’t almost always at least one creditor or collector who refuses to report accurately. That’s the frustrating part - at that point I had to contact creditors and send new disputes which often still were verified incorrectly.
My clients should have sued at that point, but most didn’t, and then all my hard work was for nothing. That’s where you’d think that credit repair attorneys would come in. So, here’s what you do before you hire one of those scammers:
Ask for a list of credit cases they litigated. My prediction: they will have NONE.
That’s of course because you can’t sue once you submitted frivolous disputes like they do.
I know so-called consumer advocate credit experts who charge a minimum of $2,500 for an expert witness letter which is less than 1% of the average credit repair work.
Until the FTC stops lying, stating that everybody can do their own credit work and that it’s so easy, you won’t find skilled professionals offering these credit services. On average I accepted 1 client/month last year, and even prior to my suit no more than 2. I don’t see how anyone could possibly accept more than 1 client a week, I often worked 40 hours by the time I was done with the review of the dispute results.
At least 100 million people could use credit help and millions are willing to pay, you can imagine how many credit professionals would have to be trained. As much as readers want referrals, I just don’t have anyone to refer to.
So here are the links again for the Lexington Law Firm complaints.
The LONG thread at http://creditforum.org/showthread.php?goto=newpost&t=152
New complaints and updated postings:
http://www.fight-back.us/forum/index.php?showforum=8
I am now aware of 2 suits against Lexington.
From the FAQ at http://www.creditattorney.com/
“Please note that we will generally not dispute all negative items simultaneously. Doing so would raise flags with the credit bureaus who monitor dispute letters to determine which ones they can ignore by exploiting loopholes in the Fair Credit Reporting Act (see FCRA for more information).”
Dana Facemyer knows that what they’re doing is illegal! He even admits that hey are submitting frivolous disputes.
It’s interesting that he also operates out of Utah as does Lexington.
If you don’t care about your credit rating, why would you want to hire some bozos at a scummy law firm to rip you off?
Just dispute every derog yourself as “not my account” and lower your credit scores yourself.
You don’t have PAY someone to permanently screw up your credit rating, you can do that yourself in just a few minutes online.
Credit - Collection - Economic News • (6) Comments • Permalink
