The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.
In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Lexington Law.
What does your company do? What unique problem does it solve?
John Heath, Directing Attorney: Every year millions of Americans are denied loans for homes and cars that may be due to errors on their credit reports. According to a 2013 study by the Federal Trade Commission (FTC), more than 40 million Americans have something that is incorrect on their credit report. People do not always know how to fix errors on their own and in many cases, errors require specific expertise to get fixed.
Lexington Law is guided by attorneys located in states across the country who are familiar with laws regarding credit repair.. In terms of numbers of clients, Lexington Law is the largest provider of credit repair services and helps consumers navigate the complex world of credit reporting, understand their rights and how best to leverage the law to achieve their credit goals. Lexington Law’s services have helped more than half a million consumers correct errors on their credit reports, such as bankruptcies, tax liens, late payments, and other items that cause bad credit.
Who are your customers?
Heath: The firm focuses the majority of its practice and representation of its clients in the area of consumer credit report repair.
Approximately, Eight million Americans challenge items on their credit reports because of mistakes that are often discovered when making a big life purchase, such as buying a home or car. While a late payment or derogatory mark may seem harmless, it can have long-standing consequences, potentially staying on your report for seven years. Clients reach out to Lexington Law to get negative items removed from their credit reports in order to move ahead with their lives and not be held back from major life events and purchases (mortgages, starting a family, retiring, etc.) by bad credit.
How long have you been in business?
Heath: Since 2004.
Where are you located?
Heath We’re headquartered in North Salt Lake, Utah.
Who is your company’s leadership? What kind of experience do they have?
John Heath has been the Directing Attorney of Lexington Law Firm since 2004. Throughout his law career, he has worked as an attorney in both private and public interest practices. Previously, John has represented clients at law firms including Utah Legal Services and Clifford V. Dunn PC. John has also served as an attorney mentor through the Utah Bar Attorney Mentorship Program (where he has mentored new attorneys coming into practice in Utah). John is admitted to the practice of law in Utah, Colorado, Washington D. C., Georgia, Texas, and New York.
To meet with the minds behind companies like Lexington Law and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.