10 Best Credit Repair Companies and Services Compared: Find the Best Credit Repair Specialist for Your Situation
Richmond, Virginia - ( NewMediaWire ) - December 05, 2020 - Having poor credit can have adverse effects on a person’s financial life. Anyone with a low credit score must find a way to remedy the situation as soon as possible, especially if they want to purchase a car or qualify for a mortgage. Credit repair companies exist solely for this purpose.
Their job is to challenge any negative items on a report, such as bankruptcy, late payments, charge-offs, and more. However, with so many credit repair companies on the market, it can be hard to know which company to choose. As such, below is a review of some of the top credit repair companies around.
1. Lexington Law – Where Reputation Meets Efficiency
Unlike ordinary law firms, Lexington Law is composed of many skilled paralegals that can repair poor credit. This company is well known for its efficiency and excellent reputation when it comes to credit report repair.
Over the years, they have been of immense help to clients. In 2017 alone, they removed at least 10 million negative items from their clients’ reports, proving that Lexington Law is one of the best credit repair companies on the market. They specialize in credit affected by student debt, divorce, identity theft, medical bills, and military service.
The company starts by analyzing your report and highlighting items that could potentially be harming your credit. They then proceed to send disputes on incorrect items. Clients have access to an online dashboard that showcases everything that’s happening on their reports in real-time.
At Lexington Law, there are three credit repair packages:
Concord Standard Service – For $89.95 a month, a team of lawyers will challenge harmful items on your report with your creditors and three credit bureaus.
Concord Premier Package – The intermediate service costs $109.95 a month and consists of everything in the standard package in addition to the removal of hard inquiries, score analysis, and TransUnion alerts.
PremierPlus – The top tier package at Lexington Law costs $129.95 per month and contains all the above services, FICO score tracker, provision of personal finance tools, and Cease and Desist letters.
Though a bit more expensive than other credit repair companies, the legal minds at Lexington Law, with their years of experience, offer a high-quality service that is unmatched by most.
2. The Credit People – Fastest Credit Repair Service
When individuals need to get approved for a loan fast, The Credit People are known as one of the quickest repair services available, allowing you to qualify for low-interest loans quickly.
With 15 years’ worth of experience, The Credit People have been in business since 2005 and are therefore well-established in the industry. Featured in The New York Times, SmartMoney, and the Wall Street Journal, The Credit People boasts unbeatable customer satisfaction and high-quality results.
What draws most people to this credit repair company is the speed at which they offer their services. Plus, this particular credit repair service claims their clients will see an increase in their credit score ranging from 53 to 187 points.
Other features include:
- Unlimited disputes
- 24/7 account access
- FCRA certification
- Debt and inquiry validation
- Toll-free customer support
3. Credit Saint – Credit Repair Service With Great Reviews
To get started, this company offers all of its customers a free consultation to learn more about a person’s financial history and the extent of the damage created. After that, the team at Credit Saint will work with the relevant credit bureaus to challenge and ultimately remove negative items from their clients’ credit reports.
Since people have varying credit repair needs, Credit Saint offers the following three service packages:
Clean Slate Package – Featuring all of the services listed in the plans below, this package offers unlimited disputes and sending Cease and Desist Letters on behalf of the client.
Credit Remodel Package – This package offers a free score analysis, credit score tracking, removal of 10 negative items per cycle, on-going credit monitoring through Experian, and inquiry targeting.
Credit Polish Package – This package comes with a free score analysis, five challenges of negative items per dispute cycle, a score tracker, and challenges made to three of the main credit bureaus.
Overall, there is no denying that Credit Saint is one of the best credit repair companies on the market. With plenty of positive customer reviews online, a free consultation, and a 90-day money-back guarantee, Credit Saint is worth considering.
4. Ovation Credit Services – Guaranteed Results
Ovation Credit has helped more than 120,000 people improve their credit scores. In particular, this company prefers to build a strong relationship with its clients and prides itself on finding customized solutions for its users. This approach is not only cost-effective but also promises outstanding customer support.
Plus, Ovation Credit Services boasts an A+ Rating on Better Business Bureau. After setting up an account with Ovation, your personal advisor will start filing detailed disputes alongside evidence on your behalf. This can involve challenging late payments with creditors, writing goodwill letters, and more.
The basic package costs $89 and later drops to $79 after the first month. Clients will receive a consultation free of charge during their initial appointment. This acts as an opportunity for case advisors to review a potential client’s credit history and determine which service would best suit their needs.
5. Pyramid Credit Repair – Impressive Customer Support
At Pyramid Credit Repair, the customer support team is keen on working with its clients to improve their credit report in the safest way possible.
With over 8,000 staff members in the customer care department, assistance in boosting credit scores is guaranteed. There are three plans: Singles Plan, Couples Plan, and a 24/7 Protection Plan. These packages have similar features, with the Couples Plan offering 50% off during the 1st month.
The 24/7 Protection Plan offers an online safeguard with credit professionals actively monitoring your report for odd fluctuations for clients worried about security. With a 4.8/5 rating on Trustpilot, thousands of verified customers have rated Pyramid Credit Repair as a company you can trust to fix your bad credit.
6. CreditRepair.com – Best Credit Repair App
Hundreds of apps have been created to help people manage their finances, with only a few proving their ability to repair bad credit. One of these apps is CreditRepair. This app, launched in 2012, has removed more than a million negative items on client reports.
The app is relatively easy to use. Users have to sign up to have their reports analyzed and discover what could be damaging their credit score. The team at CreditRepair is tasked with interacting with card companies to challenge negative items. With the app, consumers can also monitor current issues that are affecting their credit.
With numerous tools such as score tracker, email alerts, online dashboards, and TransUnion credit monitoring, repairing your credit score can be achieved relatively quickly. Interested clients can choose from basic, moderate, and aggressive packages.
7. Sky Blue Credit - Value for Money
Sky Blue Credit efficiently cleans up errors on credit reports allowing you to qualify for low-interest loans easily. For only $79.95, Sky Blue credit provides access to all of their services. Compared to other companies, these fees are relatively affordable, especially when considering the services provided in return.
There are no confusing upgrades or plans. And the company offers its services free of charge for the first six days. During this period, they analyze the report and start making amends.
To access Sky Blue’s credit repair services, sign up on their site. The company will evaluate your current report, provide a detailed analysis, and point out difficult-to-notice areas that need improvement. Afterward, Sky Blue will send customized dispute claims on your behalf and re-send letters when required to maximize your chances.
For anyone on a budget but in urgent need of credit repair, Sky Blue can help improve your credit, allowing you to explore various financial opportunities.
A bad credit report can wear a person down in so many aspects of life. This is an issue that needs to be addressed as soon as possible.
Credit repair companies exist to help consumers remove negative items, thus improving their credit reports. With a good credit report, an individual can secure immediate loan approval, make enormous savings on low-interest loans, become eligible for insurance discounts, and be offered additional mortgage financing options.
Best Credit Repair Companies FAQ
Q: How Do These Companies Work?
A: Expert credit repair companies start by downloading the consumer’s credit report from each of the major credit bureaus. Then, credit professionals will review your information while looking for errors. Some of the most common issues include inaccurate personal data, incorrect balances, data management errors, and so on.
The company then has to gather evidence that the report contains false information. A dispute alongside supporting evidence will then be sent out to the credit monitoring companies.
Q: How Do Credit Companies Get Negative Items Removed?
A: Different companies rely on different strategies to get things done. Below is a list of the various techniques used:
Negative Item Challenges – Every consumer has the right to challenge any questionable items on their reports. Credit repair companies do this on behalf of their clients.
Dispute Inaccurate Information – Most companies provide a personal financial advisor who will analyze the report and dispute inaccurate information.
Cease and Desist Letters – These are usually sent to collectors asking them to stop contacting their client. Not everyone knows this, but according to FDCPA, consumers have a right to request a collection agency to stop being contacted about their debt.
Goodwill Letters – These are polite requests sent asking creditors to remove the debt from a customer’s report.
What to Consider When Hiring a Credit Repair Company
Charges – Note that most companies will charge a great deal as this isn’t an easy task. Look out for companies with offers and discounts.
Money-back Guarantee – The availability of this feature shows a company’s prowess and ability to repair a poor credit report.
Free Consultation – The purpose of a free consultation is to determine whether a consumer should or shouldn’t pay for the repair service. It also helps gauge the expertise of a credit repair company.
Customer Support – Consumers ought to be involved in the entire process of credit report repair. This can be possible if the company has an impressive customer care team.
Reviews – The more positive reviews, the more reputable a credit repair company is.
Q: How Long Does It Take To Repair Credit?
A: This depends on the amount and severity of errors found in the report. But in most cases, it takes 3 to 6 months for notable results to be seen.
Q: Is It Advisable to Hire a Credit Repair Company?
A: It is entirely possible to gather all the necessary documents and dispute inaccurate information by yourself. However, when delegated to a professional, the results can be achieved faster, and the process is guaranteed to be successful.
A credit repair company eases the repair process. They take the burden off the client’s shoulders and allow them to focus on other important matters. Though the fees for credit card repair may seem a little bit too much, the service given can save hundreds of thousands in the long run.
Q: How Much Does Credit Repair Cost?
A: The fees vary from $80 to $130 per month. It is worth mentioning that quite often, expensive doesn’t mean better services. All factors of a credit repair company must be evaluated before paying any fees.
Q: Do Credit Repair Services have Guaranteed Results?
A: Working with a reputable company will have favorable results. Nonetheless, be aware of promises that are too good to be true. Credit monitoring bureaus handle error clearance requests from individuals and companies equally. The only difference is that companies have the skills to submit a more convincing case, which is more likely to improve their client’s credit score.
Q: Are All Credit Repair Companies Legit?
A: In every industry, there are scammers and con artists planning to exploit innocent people. However, as a smart consumer, you need to spot any red flags that may signify when a credit repair company or any online service is not as legit as they sound. Research is essential, and customers should never forget to read through plenty of verified customer reviews.