The combined linear frequency modulation continuous wave (LFMCW) and inverse synthetic aperture radar (ISAR) can be used for imaging long-distance targets because of its long-distance and high resolution imaging abilities. In this paper, we find and study the dechirp distortion phenomenon (DDP) for imaging long-distance targets by a dechirp-on-receive LFMCW radar. If the targets are very far from the radar, the maximum delay-time is not much smaller than a single sweep duration, and the dechirp distortion is triggered since the distance of the target is unknown in a LFMCW-ISAR system. DDP cannot be ignored in long-distance imaging because double images of a target appear in the frequency domain, which reduces resolution and degrades image quality. A novel LFMCW-ISAR signal model is established to analyze DDP and its negative effects on long-distance target imaging. Using the proportionately distributed energy of double images, the authors propose a method to correct dechirp distortion. In addition, the applicable scope of the proposed method is also discussed. Simulation results validate the theoretical analysis and the effectiveness of the proposed method.