Free credit evaluation
90-day money-back guarantee
Credit Saint has been one of the best companies in the business for more than a decade. It operates in predetermined cycles, providing its customers detailed reports along the way and some of the best pricing policies.Read full review
First work time
Good educational tools
Flat rate available
The Credit People is the only company that offers a flat rate package, letting you know exactly how much you’ll pay without having to subscribe to an ongoing service. The company also has one of the lowest setup fees in the industry, making it the perfect choice for customers on tight budgets.Read full review
First work time
Within 60 days
Personal online dashboard
Mobile app for Android and iOS
CreditRepair.com is a Seattle-based credit repair agency that has been around since 1997. The company is all about personalized credit-restoring plans, constant credit score monitoring, and helpful tools that can teach you how to remedy credit issues as fast as possible.Read full review
First work time
Within six months
Operating since 2004, Lexington Law has already helped remove more than 10 million unfair derogatory marks from consumers’ records. The agency’s attorneys and financial experts handle all kinds of creditor interventions and bureau disputes.Read full review
$14.99 Quickstart My Case fee
First work time
An average of 10.2 items in 4 months
Sky Blue Credit has been delivering one of the most user-friendly experiences since 1989. The company stands out from the competition thanks to its affordability and straightforward pricing plans.Read full review
First work time
Free credit analysis
Option to cancel services at any time
Helps with getting a loan
Recently acquired by LendingTree, Ovation has been at the forefront of the credit repair business for years. Its Plus service is dedicated to helping customers get a loan after they fix their credit. The company also provides a lot of educational tools.Read full review
First work time
FICO professionals at your service
Credit monitoring included in every package
Generous refund policy
As the only AI-powered service on the market, The Credit Pros is also the only credit repair service employing accredited FICO agents. You know you’ve come to the right place when you’re working with Pros.Read full review
First work time
Within 90 days
Unlimited dispute letters
Joint account discounts
Advisory service available
For AMB Credit Consultants, credit repair is more than just sending a bunch of letters. The company provides a deep analysis of credit reports, guiding customers through each item before any action is taken. If you and your spouse are looking to fix your credit, this is the best option.Read full review
Credit monitoring for $29.99
First work time
Within six months
Trying to find credit repair services online may often feel like a wild goose chase; there are dozens of websites and different plans on offer; some of the companies are BBB accredited, while others aren’t. It’s tough to know exactly what you’re getting yourself into and if it’s worth your time and money.
We used a set of criteria to first pick and choose from all the services and companies online and then narrowed down the selection. Finally, the picks were ranked from the absolute best to still great, but not number one. Here’s how we did it.
There’s no reason to beat around the bush. We all want a cheap credit repair service. Something that doesn’t break the bank or, even better, barely makes a dent in our budget. In this category, we look at two things: how much does it cost to sign up and what are the monthly costs of the service.
All of these services work on a subscription model, but some offer a flat rate. We compare the different pricing tiers and examine the money-back policy.
Getting an affordable credit repair service is all fine and dandy as long as it provides good value for money. Although you can complete much of the credit fixing process yourself, it’s often a tedious task requiring months of your time and too much paperwork. That’s why many turn to agencies for credit counseling and restoration.
The companies offer a range of services including credit disputes, challenging late payments, and also sending goodwill and cease and desist letters. On the features side, we examine the reporting process and whether or not the service is tailored to the customer’s needs.
For each credit repair review, we’ll take a look at how fast the service is. In other words, the number of days it takes before the first batch of work is completed and reported. In many cases, this takes between four to six weeks, but some services operate on a fixed schedule, meaning they process everything in cycles.
Whatever the case, it’s obvious that faster is better. A truly great bundle is the one that combines speed with a good set of features.
Credit restoration is serious business and one that requires good communication between the client and the agency, so that you can know the status of your case. The best credit repair services must be available through as many communication channels as possible.
Phone and live chat support is especially important, but nowadays most providers are also available for a chat via Facebook and other social media networks. Services with fast response times and those available either 24/7 or outside regular working hours got our seal of approval.
Some saints have halos. This one doesn’t; but even without one, it’s still the best credit repair service in the US. The company was founded in 2004 before securing an A+ BBB rating in 2007 with many positive user reviews. Throughout its short but rich history, Credit Saint established itself as one of the rare companies in the business that’s fully transparent about every step of its process. Bold claims aside, let’s see how it fares against other services and what it has to offer.
Like many companies in this line of work, Credit Saint offers its services through a tiered pricing model. Credit repair pricing starts at a very low $79.99/month for the Credit Polish package. The Credit Remodel package costs $99.99, while the most expensive one is called Clean Slate and will set you back $119.99/month.
In addition to the monthly charges, there is a so-called “first work fee.” It acts as a setup fee, but it isn’t charged immediately. Instead, you’ll be charged $99 or $195 (for the Clean Slate package) after your first week with Credit Saint. It also indicates that the company has started working on your case.
Aside from these fees, there aren’t any extra charges for this service. You can get a free credit report and analysis by simply calling Credit Saint. This way you’ll know in advance whether you can get a credit card with bad credit or if your score can be improved significantly to secure that loan you so desperately need. We really like simplicity and transparency of the service.
Once you’ve got your credit report and you settled on a package that suits you financially, Credit Saint gets to work. The basic set of items that the credit repair company will challenge for you include late payments, identity theft, charge-offs, and collections. With the more expensive plans, the company will also challenge bankruptcies, repossessions, and public records while providing more timely updates on each escalation (upon request).
But the cheaper packages aren’t limited just in terms of features. For example, if you pick the most affordable plan, Credit Saint will work towards the correction or removal of five items, while with the most expensive plan, it’ll send an unlimited number of dispute letters.
Even though Credit Saint is not the fastest actor around, it’s still a pretty fast credit repair service. The company works in 45-day cycles. After each cycle, you’ll see a detailed report in your online account and a status update on what credit bureaus released up to that point. Some customers have seen a credit increase right after the first cycle, while most have to wait two cycles for any significant improvements. One of the reasons why the service may seem slow is because Credit Saint doesn’t just send out a bunch of letters and hopes for the best. Instead, the company approaches each argument differently, based on the individual’s circumstances. A slower method indeed, but it has proved to be quite effective.
Most online credit repair services offer a sort of dashboard through which the customers can monitor the status of their case, and Credit Saint is no different. Customers that choose the most expensive tier are able to send requests for each item and get more timely updates regarding the status of the dispute. Channels of communication include phone, live chat, email as well as Facebook and Twitter. You can also turn to FAQ to learn more about the inner workings of this service.
Finally, let’s talk about the refund policy of this credit repair business. Credit Saint offers a 90-day money-back guarantee, so the customer may ask for a full refund within that time frame and get a quick response. There is one caveat though; you can only get a refund if your credit score hasn’t improved within those 90 days. Considering that Credit Saint accepts applications its experts deem solvable, most customers don’t end up requesting a refund at all.
Throughout the years Credit Saint managed to retain its crown as the best credit repair company around. With quick free evaluation and a fair refund policy, the company offers a risk-free deal – one that will lead you to your top credit score. The setup fee might be a bit high, but the rest is absolutely top-tier stuff.
The list of the best credit repair services isn’t complete without The Credit People. These guys know their stuff when it comes to what affects the credit score and how to fix the customer’s financial problems. The company has been operational since 2001, and its owners like to call it the “true all-inclusive credit repair” for a simple reason. There is just one package, and it includes everything you need to get your credit fixed.
Let’s first see why many consider this one of the most affordable credit repair services around. First off, the signup fee is just $19. This is the cheapest offer we’ve managed to find, beating all other companies by a significant margin. Then, it’s the pricing structure. You can either get a monthly plan for $79 or pay a flat fee of $419 and use the service for six months. Whatever you choose, the service works exactly the same. The only question is whether you plan to use the service for more than half a year. Since many believe that six months is the perfect time frame to fix your credit score, a lot of customers get the flat rate package and end up saving more than $70 in the process.
The Credit People’s feature list starts from the credit score analysis, which the company completes the day after you sign up. From that point on, your dashboard displays all of the items the service disputes for you. That includes late payments, charge-offs, collections, bankruptcies, repossessions, foreclosure, student loans, identity fraud, and more. The dashboard not only lets you monitor the status of the aforementioned items, but also notifies you of any changes.
The number of disputes available is another reason why The Credit People made the list of the best rated credit repair services. There is absolutely no limit in the number of disputes one can request through this service, and the company will work as hard as possible to resolve your cases. The downside is that you’re not really given an ETA on when the first batch of work will be completed. So customers that want to plan their credit restoration should look elsewhere. Meanwhile, the company claims it can improve your score by anywhere between 53 and 187 points.
This credit repair service’s pricing is amazing, so we expected nothing less from the customer experience. The support team is available Monday through Friday from 9 a.m. to 5 p.m. via phone, email, and live chat through the dashboard. There is also a Help Zone, a dedicated section of the website with guides and articles to help you work on your credit even after you’ve already improved it through this service. You can also use the section to request a free consultation before you even sign up.
However, the refund policy needs work. While the company claims its credit repair service shows results within 60 days, you’re not entitled to a full refund. Instead, the refund only covers your last month’s fee and the upcoming month’s unbilled fee. On the other hand, if you choose the flat rate plan, you can cancel it and get the full refund in case you don’t free yourself from negative credit.
When you need the right people to help you out of a bad credit situation, The Credit People know their stuff. This company has one of the best dashboards we’ve tested, and its cheap credit repair services have been praised by thousands of people. The company’s nearly 1.5 million successfully resolved reports suggest that success is guaranteed.
Launched in 1997, CreditRepair.com has been helping consumers challenge, dispute, and monitor their credit reports for more than two decades. Unlike some of its competitors, this leading credit repair agency is much more than a dispute mill. In addition to resolving current credit problems, the company puts a huge emphasis on educating its customers in an effort to improve the way they manage their credit and make financial decisions.
As far as pricing plans go, CreditRepair.com offers three options: Basic, Moderate, and Aggressive. While the Basic plan is best suited for consumers with just a few negative items they want to remove, Moderate and Aggressive packages are designed for those with more complicated credit situations.
Although this credit repair company claims to offer a three-tiered service, the prices and features that come with each plan are not publicly available. According to CreditRepair.com’s FAQ page, each customer will be charged a $99.95 monthly fee, plus a one-time fee of $14.99 for credit report obtainment.
While the lack of cost transparency may confuse you, the good news is that CreditRepair.com offers personalized credit consultations free of charge for prospective clients. If you decide to use this service, the company’s financial experts will help you make a plan to dispute any inaccuracies and boost your credit score.
Much like any other credit repair agency, CreditRepair.com helps customers find and correct unfair or inconsistent information in their credit reports. However, unlike most of its competitors, this company’s efforts go beyond just removing erroneous items. Thanks to its three-step process for detecting, correcting, and removing credit report inconsistencies, the company also makes sure that you understand how the procedure works.
Online reviews of credit repair services praise CreditRepair.com’s “check, challenge, change” model. Here’s what to expect from it. First, you’ll be assigned a financial manager who will request your reports from the three major credit bureaus, identify the items that need to be changed, and work closely with you to help you prepare all the needed paperwork. The next step involves disputing inaccurate items with creditors. After sending dispute letters and the unfair items are removed, your financial advisor will once again contact all three bureaus to verify that the changes have been made accurately.
At the end, you’ll receive a new credit report with corrections made by the creditors. The company claims its work is usually done within three to six months; however, the speed depends on how many issues you need to correct.
To make the process easier for its clients to follow, CreditRepair.com offers a user friendly online dashboard, a mobile app for credit score monitoring, and a FICO score calculator. As far as customer service goes, you can get in touch with the support team by calling 800-341-8441. The support center’s working hours are from 7 a.m. until 7 p.m. MST Monday through Friday.
Well-known for offering a personalized approach to correcting credit issues and for educating you on how to monitor your credit profile so you can qualify for better rates on financial products, CreditRepair.com is one of the industry’s favorites. The company doesn’t offer a free credit repair service, but its pricing is still reasonable. If you are looking for a trustworthy credit repair agency to help you fix your credit problems while educating you every step of the way, look no further than CreditRepair.com
Offering credit repair services since 2004, Lexington Law helped thousands of Americans improve their personal credit scores through creditor interventions and bureau disputes. The company’s attorneys and financial experts specialize in handling all kinds of derogatory marks – from late or missed payments to collections, repossessions, and foreclosures. Offering some of the market’s best credit repair services, Lexington Law takes great pride in having removed more than 10 million inaccurate items from the records of its clients.
The company has a three-tiered pricing structure. Its most basic package, Concord Standard, costs $89.95/month and covers bureau challenges and creditor interventions (late payments, charge-offs, collections, foreclosures, judgements and lines, and bankruptcies).
The Concord Premier plan comes with a $109.95 monthly fee and a more advanced approach to the credit repair process. It includes everything that comes with the basic plan plus a set of legal and score-tracking tools, such as inquiry assistance, credit score analysis, report monitoring, and TransUnion alerts.
Finally, Lexington Law’s most expensive credit repair pricing option is called PremierPlus and costs $129.95/month. With this plan, you get everything from the lower two tiers plus a FICO score tracker, personal finance tools, identity protection services, and real-time fraud alerts.
For an additional fee of $14.99, you can speed up the process by which the company reviews your score. If you opt for the Quickstart My Case service, your report will be loaded automatically into Lexington Law’s system from Credit.com
As one of the best credit repair agencies, Lexington Law offers a plethora of useful features to its customers. In addition to helping you remove or correct any inaccurate marks related to late payments, charge-offs, foreclosures, collections, judgements, and liens, the company offers quite a few additional services.
From detailed monthly credit score reports to TransUnion alerts, FICO score tracker, cease & desist letters, and even identity protection alerts, Lexington Law has you covered. The company also offers a collection of legal and personal finance tools to help you handle your credit score problems and map out your payments.
So how long does it take to repair your credit with the help of Lexington Law? According to the company, most customers stick around for about six months and Lexington Law manages to remove or correct 10.2 inaccurate items every four months. As we have already mentioned, you can speed the process up by a few days if you opt for the Quickstart My Case feature.
Lexington Law is a fast and relatively affordable credit repair service provider that’s very easy to sign up for. You can either apply online or by giving the company’s sales team a call.
As far as customer service goes, you can get in touch with the company’s support representatives by logging into your dashboard or calling 1-833-793-3000. Lexington Law’s support agents are available Monday through Friday between 7 a.m. and 7 p.m. MST. The site also offers a comprehensive FAQ page.
Lexington Law is widely commended for its focus on protecting the legal rights of its customers while adhering to the latest regulations for credit repair services. Although the company is not BBB-accredited and its services are not the cheapest option on the market, Lexington Law is still a strong contender when it comes to efficiency and ease of use.
This Florida-based credit repair specialist has been in business since 1989. Sky Blue Credit has a reputation for being a company that offers affordable monthly plans, doesn’t confuse its customers with complicated packages, and claims to be one of the fastest services in this business. Of course, we had to see for ourselves whether these claims are true and how well the company fares against the competition.
Sky Blue Credit’s pricing couldn’t be simpler. One tier, one signup fee, and that’s it. So, how much does the credit repair package cost? You’ll be charged $79 six days after signup. Then, at the end of the first month, the service will charge you $79 on a monthly basis. That’s pretty affordable. Even better, at the very first step of the signup process, the site will show you the exact dates when you can expect to incur these charges. The only real downside is that there is no free offer for credit history evaluation; thus, you’ll need to signup and provide payment information before Sky Blue even analyzes your financials.
To get you closer to getting the best rewards credit card, Sky Blue analyzes your financial situation and identifies credit mishaps. Then, it starts sending letters to credit bureaus and working to resolve problematic items. It doesn’t take no for an answer – sending customized goodwill letters while working on your debt validation.
Aside from sending letters, Sky Blue Credit also creates a custom list tailored to individual customers that provides useful tips and tells you how you can optimize your score. It’s really nice when a service isn’t working like a faceless machine and instead tries to help its clients avoid bad credit situations.
Many reviews of credit repair companies praise Sky Blue Credit for its speed and efficiency. The company disputes derogatory items every 35 days, which gets its customers more dispute cycles during a six-month period than if the cycle was locked to 45 days. On the downside, the service sends a maximum of 15 disputes, or five disputes per bureau, and there’s no option to increase that number.
Sky Blue Credit’s refund policy is one of the most generous around. When you sign up, you have 90 days to decide whether this is the best credit repair option for you. If you’re not satisfied for any reason, you can request a refund, and everything you’ve paid up to that point will be returned. There are no prerequisites. It’s refreshing to see such an offer.
Contacting customer support is equally simple. Agents can be reached via email, phone, or live chat; and there is even a mailing address if you’re the old-fashioned type. The support team is available from 9 a.m. to 5 p.m. on weekdays. We would have liked to see longer working hours.
Finding legitimate credit repair companies isn’t so easy anymore. But Sky Blue Credit has a rich history, thousands of satisfied customers, and a team of professionals dedicated to helping clients get to and stay in the good credit zone. It operates in very short cycles, with letters that aren’t just copy pasted from previous customers. It’s practically risk-free with the refund policy serving as your safety net.
Ovation Credit Services has been around for more than 15 years and is a subsidiary of LendingTree. Hence, the name holds a lot more importance than with other credit repair companies that we’ve looked at. This company claims it fixes 19 items per customer on average, doesn’t have confusing pricing, and even offers free evaluation to its visitors.
Once you’ve gotten through your free evaluation and chosen to continue with the paid service, you’ll be presented with two options. The first is the Essentials plan, a service priced at a standard $79/month. The more expensive option is called Essentials Plus and costs $109. Both options come with a $89 first work fee, charged one week after signing up for the credit repair services.
Since Ovation Credit Services offers two distinct packages, we were curious about the differences between them. The standard plan is completely customizable. You’ll get a personal advisor that will go through your case with you and identify all the irregularities. Then, you’ll be able to send dispute letters for the derogatory items.
The pricier plan offers more features. First and foremost, Ovation will pen a letter of recommendation that will help you get that loan after you’ve improved your credit. The company improves your chances of a credit score increase by enabling you to send an unlimited number of dispute letters. Finally, you’ll get access to a TransUnion credit monitoring tool, which alerts you about a possible credit drop.
The refund policy is simple, but not the most generous when compared to the aforementioned companies. In case you’re not satisfied with the service for any reason, you can cancel the subscription, and the fee for that month will be dropped. Unfortunately, there are no refunds for previous months, unlike with other top credit repair services.
But Ovation is really dedicated to educating its customers; hence, an entire section of the website is devoted to learning tools. There are many free articles to help you plan your budget. Finally, customer support is available via phone, email, and at the company’s offices. The support team is also available on Saturdays, making it one of the rare companies to provide support during weekends.
Ovation remains one of the top credit repair companies after many years in the business. While it may not be as fast as the others, its agents display a great deal of dedication to helping their customers get back on their feet, learn, and protect their finances from sinking back into the red zone.
The Credit Pros established itself as one of the best credit repair services in a relatively short period of time. Operating since 2009, the company employs only certified FICO professionals and has more than 100,000 clients. It even uses artificial intelligence to ensure the quality of its service.
Although there are three plans, one of those isn’t for the customers that need assistance with credit repair. Therefore, we’ll only look at the Prosperity Package that costs $119/month and the Success Package that’s $149/month. Interestingly, this top credit repair service doesn’t charge for sign up or the initiation of the first work. Additionally, if you’re looking only for credit monitoring, you can get it as a separate service for only $19 per month.
The team at The Credit Pros offers numerous services. All of the plans include TransUnion credit monitoring, identity theft protection, and a tool for budgeting with real time monitoring. The company can also send cease and desist letters to creditors on your behalf and provides one-on-one consultations with certified agents, and all the tracking and notifications can be easily accessed through its mobile app. The app is, of course, available for both iOS and Android.
The company promises that its credit improvement services will produce results within 90 days, but it doesn’t offer further details about how long it will take for the first work to be completed or whether it operates under cycles for re-sending letters.
Speaking of 90 days, that’s also the time frame during which you can request a refund. The Credit Pros is confident in its ability to improve one’s credit, and as such, the money-back guarantee comes with no strings attached. You don’t like it? You can cancel it and get your money back. It’s a risk-free deal.
The company prefers to stay in touch with customers by phone, but you can also access support via email through the user dashboard. While the dashboard itself works 24/7, the support team is available Monday through Friday from 9 a.m. to 8 p.m.
Family credit management wouldn’t be the same without The Credit Pros. Top of the line tools and accredited professionals set this company apart from the rest, assuring customers that the pros are on it. Having a dedicated agent is much better than dealing with a statistics page through an app. It may be a bit expensive, but this is a reasonable price for all the great work the company does.
You’ve definitely wondered how to fix your credit. But most people never think about how long it takes. At AMB Credit Consultants, the duration of the credit restoration program is of critical importance. That’s why the company works on a contract basis and provides a very transparent service. This is a great option for couples and an industry leader in customer education. Thousands of customers have turned to this Dallas-based company for credit restoration services in the 10 years since its founding.
Pricing plans at AMB Credit Consultants are straightforward. You choose whether you want an account just for yourself or a joint one, and that’s pretty much it. But when it comes to prices, this isn’t the best credit repair agency. The signup cost alone is $149, with a monthly fee of $99.
If you’re signing up as a couple, the monthly fee doubles to $198, while the one-time setup fee jumps to that same price. On top of that, the company requires a contractual commitment of at least six months, which in some cases may extend to nine months depending on the client’s financial situation.
Whether you’re after a joint account or not, AMB will provide you with an unlimited service. Unlike some other popular credit services, this company doesn’t put a limit on the number of dispute letters it can send in one month. The service also acts on every new collection letter you receive.
It’s all personalized for individual customers. After the company’s auditors go through every line of your credit report, they’ll create a plan of action listing all the items that drag your credit into the red. But to increase the credit score, one also needs to possess certain knowledge about how it all works. That’s why AMB Credit Consultants offers advice to each client on how to better manage their finances.
Right off the bat, customers know they’re in very capable hands. The advisors go through each new case and take their time with inexperienced customers, teaching them how to spot irregularities in their reports. If you need to contact AMB after the initial consultation period, you can do so by phone and email, as well as Facebook, Instagram, and Twitter. Like many other credit repair agencies, AMB Credit Consultants is open Monday through Friday from 8:30 a.m. to 5:30 p.m.
The service requires a six-month contract, which is an odd demand. But if the company fails to fix at least one derogatory item, it provides a full refund.
Many services that repair credit only offer individual packages. That’s why AMB Credit Consultants is the best choice for couples that want to repair their credit together and learn how to keep the credit score high. Not a lot of companies offer the level of detail in their credit repair reviews that you’ll find with AMB, and most aren’t dedicated to helping customers keep their good score.
If you have poor credit you may have a hard time getting approved for a credit card, a mortgage, or a personal loan. All of this can be especially frustrating if you’ve been putting a lot of effort into improving your credit but your score doesn’t seem to reflect all of your hard work.
There may be an erroneous item on your credit report that’s dinging your score without your even realizing it. That’s when credit repair comes in handy.
Unless all the items on your credit report are completely accurate, fully substantiated, and entirely fair, we suggest you consider credit repair. Taking the do-it-yourself approach is good enough in certain situations, but most issues require the help of a credit restoration professional.
By reviewing your credit reports, identifying any errors and inconsistencies, and disputing them with the credit bureaus and creditors on your behalf, credit repair agencies can help you become a better applicant for all kinds of financial products and services.
You’d be surprised at how common credit report errors and inaccuracies can be. Let’s say you have a collection account that’s been sold to a few debt collecting agencies. The information about this account should be displayed on your credit report only once. However, it can mistakenly appear multiple times. This is a good example of a complex situation where you’d be better off hiring a credit repair specialist rather than trying to take care of the issue on your own.
Thanks to their knowledge and experience, credit repair professionals have the capacity to tackle credit issues that could be difficult or even impossible to solve on your own. Their expertise will make restoring your credit easier and faster, as they know what types of issues to look out for and they understand the steps that need to be taken to fix these errors.
Most importantly, the best credit repair companies are well-informed about what their customers are legally entitled to demand from creditors and credit bureaus.
At this point, it’s probably a good idea to explain how credit repair companies differ from credit counseling agencies. Commonly structured as non-profit organizations, credit counseling agencies mostly focus on helping you get your credit report and providing advice about debt and finance management. Credit repair companies do much more. Here’s an overview:
Legitimate credit repair companies start by ordering copies of your credit report from the three major consumer credit bureaus: Experian, Equifax, and TransUnion. Pulling reports from all three agencies is crucial, as each has its own data sources – credit card companies, lenders, debt collectors, and so on. An error can be displayed on one of your reports and not appear on the other two.
After acquiring the necessary credit reports, credit repair companies analyze them to pinpoint potentially negative issues. At this stage, they look for derogatory marks – negative, long-lasting reports of late payments, tax liens, charge-offs, and bankruptcies – that they can potentially dispute with the credit bureaus.
Once the errors and inconsistencies have been identified, your credit repair experts will make a plan for correcting errors and negotiating with creditors to remove those negative notations in your file. You’ll probably be asked to give your credit repair company documentation it may need to proceed with the plan. The credit-fixing procedure may include sending requests to validate personal information, cease-and-desist letters to debt collectors, and letters to dispute erroneous derogatory marks.
After receiving the dispute and the supporting paperwork, the credit bureaus and data collectors will work with your credit repair specialist to determine if a specific negative item should be corrected or removed from your credit report altogether.
Note that the most reputable credit repair companies will scrub questionable items on your report by using provisions of the Fair Credit Reporting Act (the major law governing consumers’ rights when it comes to credit reporting), the Fair Credit Billing Act, and the Fair Debt Collection Practices Act.
When you subscribe to a credit repair company’s services, you’ll be assigned a financial advisor who will monitor your case and arrange periodic calls or meetings to keep you informed.
Although consumers mostly think of credit monitoring as a means of protecting themselves against identity theft, this service can also help you stay aware of other updates and changes on your credit report. In addition to monitoring your credit and informing you about any changes, top-rated credit repair companies will also offer detailed explanations on how certain reported items may impact your score.
A good credit repair service puts emphasis not only on improving its customers’ credit scores but also on helping them make better financial decisions. Educational resources and financial management tools offered by credit repair agencies and powered by advanced technology can guide you through the steps you must take to reach your credit goals and maintain a healthy score.
Finding the right credit repair organization doesn’t have to be complicated. Read reviews, ask the right questions, and understand what these companies legally can and cannot do. Not only can doing your homework save you lots of time and money, but it can also protect you from unnecessary stress.
We look for established companies that provide services nationwide. We examine each company’s reputation and look for regulatory enforcement action. Lastly, we make sure to compare each company’s service packages, pricing, and transparency.
Unfortunately, the credit repair industry has its fair share of shady companies. Before making a decision to work with an organization, make sure to do your research. Here are the steps you should take:
Watch out for suspicious details and be wary of the following red flags:
Heavy reliance on new credit: Even the most legitimate companies that help rebuild credit may suggest opening new accounts as a part of a credit restoration strategy. However, leaning on this tactic too much can backfire.
Suggesting a specific credit card: If a company immediately advises you to apply for a particular credit card, chances are that it has a hidden agenda to earn commissions rather than repair your credit.
Guaranteeing improved credit: If a company’s offer sounds too good to be true, you’d better steer clear of it. A money-back guarantee is a legitimate feature; however, if a company promises to improve your score by 100 points overnight, create a new credit identity for you, or remove accurate negative items from your profile, we suggest you don’t use its services.
Boasting about inside knowledge: Top credit repair companies are distinguished by efficiency and persistence, not secret formulas that no one else knows about.
Prohibiting contact: If a credit repair company demands that you don’t communicate with creditors or credit reporting bureaus on your own, that’s another red flag.
Demanding upfront payments: Charging fees in advance is prohibited in this industry. If a company asks for large amounts of money upfront, walk away.
Lack of a phone number: Even if you prefer communicating via email, it’s always wise to ensure that the credit repair organization you’re thinking of working with has a valid phone number.
Poorly designed website: If a company’s site is hard to navigate and missing some features, it’s probably a scam. You should also look for unsecured servers and strange email addresses.
Credit repair fees can vary widely depending on the type of services that you need, the service provider, and your state of residence. While pricing plans and formulas for calculating fees differ from company to company, there is a golden rule all providers must follow: Companies that repair credit can’t receive payment before delivering the agreed-upon results.
With some companies, you’ll pay a fee for each derogatory mark removed from your credit reports or pay a one-time flat fee. These fees usually start at about $35 per deletion, but they can rise to $750 or even more.
Other companies charge monthly fees – usually about $50 to $130. You may also need to pay setup or report-accessing fees.
Hiring a credit restoration company to help you remove inaccurate information and erroneous negative items from your credit reports is one of the fastest and most efficient ways to improve your score. Considering that some consumers have more complex credit issues than others, it’s hard to tell exactly how quickly your credit can improve.
Credit bureaus have just 30 (or 45 in some cases) days to respond and resolve a dispute, so the timeline is relatively short. If you don’t have many accounts and need to correct just a few mistakes, your credit correction may take only a month. On average, resolving all the credit issues on a consumer’s report usually takes three to six months.
Hiring a credit repair professional to help you improve your credit isn’t the only option. In fact, combining a few different approaches usually turns out to be the smartest choice. Here’s what you should consider before your credit repair journey takes off.
If you need to improve your poor credit profile, here’s the first question you should ask yourself: Do you need help from a credit restoration expert, or do you think you can tackle your own credit repair?
If you have only a few obvious errors or inconsistencies, we suggest you start by trying to fix them on your own. If your credit situation is complex and you don’t have the time or skills to handle it by yourself, consider hiring a professional. Just remember that credit clean up takes time and only certain types of negative information can be removed from your reports.
Fixing your own credit is a legitimate option. Choosing the right approach is a matter of on understanding how much work a particular profile may need.
In the long run, the best way to tackle credit issues may be a mixture of measures to upgrade your credit on your own and finding professional help. We suggest you start by assessing your credit picture on your own before hiring a high-rated credit repair business. This way, you’ll be fully aware of your credit situation every step of the way and you’ll understand the progress that has been made.
Hiring a credit restoration specialist won’t make much sense if you don’t work on your spending habits and you aren’t careful with your credit cards. Here are some ideas to consider:
Credit repair software: Credit repair software can be quite helpful in guiding you through the process of fixing errors.
Credit counseling: A credit counselor not only assists you in understanding a complete picture of your finances, but also provides advice on how to pay off your debts and improve your credit score.
Debt consolidation: Consumers usually resort to debt consolidation as a tool to refinance multiple debts that have unfavorable terms.
Debt settlement services: Under debt settlement, you pay a lump sum that is about half of the amount you owe. Creditors agree to accept the partial payment as payment in full. Going for this option won’t improve your credit score. In fact, it could be listed as a write-off with severe negative effects on your score. But resolving your debt will improve your credit profile in the long run.
Yes. The companies that offer these services can improve your score by disputing all the irregularities they manage to find on your report. You can also do this yourself; but it’s a tiresome process, and hiring a credit repair service will save you a lot of time and energy.
Depending on the company, you may pay a one-time flat fee or be charged individually for each derogatory mark removed from your reports. Credit repair fees usually start at about $35 per deletion but can grow to $750 or even more.
All of the companies with BBB accreditation are considered legitimate in this business. Even if you don’t find them at BBB, you can turn to user reviews, and you’ll quickly figure out whether a company is worth your time and money.
Whether you need the best rewards credit card or a loan with lower repayment terms, make sure you are paying your bills on time. Also, dispute any irregularities you find on your reports, and, of course, don’t apply for new credit cards if you notice that your score isn’t improving.
It’s absolutely worth it. You’re avoiding the hassle of having to do it yourself, and you can monitor the status of each issue found on your credit report.
The first thing you have to do is study your situation with the help of the best credit repair services and draw up the best course of action. This includes paying all the bills on time, avoiding unnecessary loans, and disputing derogatory items on your reports.