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Best Credit Repair Companies Of 2021

It is quite common to forget to pay credit card bills or, at times, not having had the money to pay up within the due date. However, if this bill is turned over to a collection company things can worsen, as this lowers your chances of getting low-interest rates on future loans.

In such cases, trying to change and fix bad credit history can seem impossible to do yourself. Hence it is important to pick a good credit repair company that works to fix your credit score for you which is why we listed down the most legitimate credit repair companies in the market to improve your credit score.

How we came up with the List of the Best Credit Repair Services:

Choosing a good credit repair company can be almost as impossible as working on repairing the credit score yourself. It is hard to tell the difference between legitimate companies and fake companies, with this many companies to choose from. Even with so many reputable and popular credit repair agencies, how do you know which one suits you best?

For this list, we have researched some of the most reputable credit repair companies so you can choose the right one for your specific needs. We have picked the best services by analyzing their reputation, credit repair process, customer reviews, prices, and guarantees.

We took a critical look at the credit repair industry, one which is famous for leading customers astray with overpriced services and false promises. First, we assessed the quality and quantity of different services available at each company; including any additional services they offered other than credit repairs like debt management and credit monitoring.

Furthermore, these services were compared to their prices to determine how cost-effective the deal is, giving extra points to companies that have a money-back guarantee.

In this guide, you will learn what these credit repair companies can do for you, as well as how good credit can impact your life. So, if you are ready to fix your credit without wasting a lot of money and time, here are the top five credit repair companies of 2021.

Best Credit Repair Companies[Full Reviews]:

#1. Credit Saint: Best overall

First on our list is one of the best overall credit repair companies on the market, Credit Saint. This company has over 15 years of experience in working with clients to fix their credit problems. In addition, they have maintained an A + rating in the BBB, which is quite difficult to do as a credit repair agency.

They start by offering you a free consultation with one of their credit experts, who helps gather your credit information from three different bureaus- Equifax, Experian, and TransUnion. These experts then help you go through and find any errors that come up in these accounts. Once the mistakes are identified, the expert will guide you on the step in the process.

Credit Saint mainly offers three service plans to pick from credit slate, credit polish, and credit remodel. The plans have different features and prices, ranging from $80 to $120 per month, with their initial fees being between $100 to $195. Here are some details of the true packages they offer that are custom-made to suit specific individual needs.

Clean slate:

This package allows users to have unlimited challenges to all three credit bureaus. The service acts as a middleman between you, the creditors, and the credit bureaus; additionally, it gives you an in-depth credit score analysis.

By subscribing to this package, they will track your credit score and stop collectors from troubling you by giving them cease and desist letters. This stops unwanted emails and phone calls from bothering you. It also offers the service of Experian monitoring and inquiry targets.

This package is one of the more expensive ones as it gives unlimited challenges to dispute and correct items, costing a fee of 195 dollars initially and 120 dollars per month after that.

Credit Polish:

This packaging offers you the opportunity to challenge the credit bureaus, tracks your score, and analyzes your credit score. The company provides you with five challenges per dispute cycle to fix any inaccurate items that appear on the credit report. To subscribe to this package costs an initial fee of $99 and a monthly fee of $80.

Credit Remodel:

Credit Remodel is a mid-tie package offered by Credit Saint that includes everything in a polished Credit plan but with a few extra features. You will be able to have twice as many credit inquiries, which you can use to correct any inaccurate inquiries. In addition, this package includes inquiry targets, credit score analysis, and Experian monitoring.

It will cost you around an initial fee of 99 dollars and then a monthly charge of 100 dollars.

Depending on your situation, you should choose the credit package best for you. For example, if there are only a few negative or inaccurate items on your credit report, then choose the basic package, Credit Polish plan. The majority of consumers use this plan as it is cost-efficient and gets the job done.

Moving up, if you have several credit repair problems, you can choose the Credit Remodel Package. It is the same as Credit Polish but gives users more disputes to correct their credit.

Lastly, for extensive credit repair, Credit Saint offers its most comprehensive package, the Clean Slate. As the name suggests, you can start over as you have unlimited disputes and many other features to fix your credit.

Apart from appealing packages, Credit Saint gives you access to an online account where you can check all your progress, and it also offers a 90-day money-back guarantee if the services do not work for you.

Pros:

  • Money back: Credit Saint offers a money-back guarantee for 90 days. You can have a refund if no items are removed from your credit history.
  • Highly ranked: Credit saint has an A+ BBB rating for the past 13 years in a row. It is very difficult for credit repair companies to have this rating consistently.
  • Affordable plans: With a range of different plans, everyone can choose one according to what they can afford.
  • Flexible Cancellation: Credit saint allows customers to cancel their plan at any time without having to pay any extra fees.
  • Excellent Service: Credit saint is known for its customer service. They have friendly and helpful advisors who reach out to you every month to give you updates.

Cons:

  • Not available in some states: Kansas, Georgia, and South Carolina do not have access to Credit Saint services.
  • High first-work fees: Credit said it has a high initial fee that starts from $99.

#2. Lexington Law: Highest Rated Credit Repair Company

Lexington Law is one of the major credit bureaus; it pours resources and funds into new and advanced digital tools that other competitors cannot beat. Founded in 2004, this credit repair company has offices and attorneys all around America. Lexington Law works with every client with personalized counseling and great customer service.

Lexington Law has three different service plans at three different prices. In addition, you can get a free consultation from the customer service rep before even signing up. This can help you decide whether you want to sign up and which service plan you should choose:

Concord Standard:

This is the most basic plan Lexington law offers, costing around $90 a month. This package helps the majority of people get their credit scores fixed.

It gives you basic credit repair services like creditor challenges and bureau challenges filled by Lexington Law.  This ensures you get a food fair credit report and an accurate score from the credit bureaus.

Concord Premier:

This is the next plan that Lexington Law offers. This plan adds credit monitoring and a monthly credit score analysis on top of the features of the standard plan.

It costs around $110 a month. This service plan is great for anyone on a budget who wants to fix their credit score.

Premier Plus:

Saving the best for last, this plan is a premium plan Lexington law offers. Costing around $130 a month, the plan features legal help in handling any third-party debt collector auctioneers and analyzing your FICO scores.

Furthermore, the Premier Plus plan also has identity protection and identity theft insurance covering up to a million dollars. It also has a financial management tool that links up with your bank account and helps you plan your finances better.

For people with a bad history of credit, this plan will work best for you.

When users pick a plan for themselves, Lexington Law starts with finding out what has exactly made the user’s credit score low. Next, they examine and highlight their credit report to determine which negative item incorrectly adjusts the user’s credit score. Every one of these items is challenged by Lexington Law, forcing creditors to provide each claim with valid proof. After this is resolved, Lexington monitors the users’ past and present credit scores overtime to fix many common issues.

Lexington Law has plenty of experience in fixing credit scores and repairing credit services. Since its launch, it has helped over 70 million inaccurate and erroneous items from being removed from faulty credit reports.

Pros:

  • Legal Team: The best feature about Lexington Law is that it employs paralegals and attorneys. This makes sure that all the correct legal channels are employees to correct or repair your credit score.
  • Affordable plans: All of Lexington’s packages are fairly priced and affordable. It offers options to help accompany most budgets.
  • High-quality counseling and credit Analysis: Lexington law uses a personalized strategy for counseling and credit analysis. Every client is assigned a paralegal that ensures they receive the best advice and services.
  • Great Customer Service: Lexington law has great customer service; their staff is available every day from 7 am to 7 pm to help with any of their customer’s problems.

Cons:

  • BBB Rating: Lexington has some complaints in the BBB that have lowered their rating; even though the organization has solved most complaints, there are still some shaky interactions left.
  • Extra reports cost more: If you pick the standard plan, it charges you $15 for all extra credit reports.

#3. CreditRepair.com: Best App For Credit Repair

Creditrepair.com was founded in 1997 and has helped people fix their credit scores for over 24 years. They have earned positive customer reviews and glowing testimonials on their credit repair results and their customer service.

They start by offering all its customers free consultation to help evaluate their credit score and give them recommendations on making it better.

Like most other credit repair agencies, Creditrepair.com uses credit advisors to gather your past credit reports from the three credit bureaus. Then they check these reports from any negative questionable items that may be invalid, unfair, or inaccurate.

Creditrepair.com will challenge and dispute these false items with credit companies and the credit bureaus on your behalf. Additionally, following up to make sure that changes are made to these credit reports after the dispute is resolved.

CreditRepair.com offers three different packages, with different initial fees and monthly fees:

Direct Package:

This is the most basic package, costing an initial fee of $14.95 and a monthly fee of $69.95. This package is great for anyone on a low biggest who wants to get rid of a few credit issues.

Some features include three credit bureaus interventions, a full month of credit monitoring, and identity theft protection.

Standard package:

This is a mid-level package offered by Creditrepair.com. It has an initial fee of $ 14.95 and then a monthly subscription of $99.95. This package offers identity theft protection of up to 25000 dollars, six challenges to the three credit bureaus, and credit monitoring for the whole month.

Advanced Package:

This premium package costs $4.95 initially and then $119.95 every month after that. The package comes with features like identity theft protection for up to a million dollars, and eight interventions to the three credit bureaus, and full-time monitoring from credit bureaus.

Additionally, it challenges all inaccurate credit entries in your report and fixes accurate entries that are not verified.

Before you sign up, you should be informed that Creditrepair.com does not offer any money-back guarantee. However, you will receive various other benefits like free access to your online account 24/7 and free access to your credit report summary.

Rather than offering debt consolidation and credit counseling, they give you free access to a library with articles and tips on credit improvement, loans, savings, and debt solutions.

Pros:

  • Strong reputation: Reputation is a very important factor when choosing a credit repair company.  Creditrepair.com has established a solid reputation that they have held for years with universally positive reviews.
  • Offers free credit evaluation: Users are given a free credit snapshot that summarizes all the negative items present on the report, suggestions on how to fix them, and most importantly, their credit score.
  • Variety of options: They offer three different packages at three different price points to help cater to your needs.
  • Educational library available for free: Creditrepair.com offers a robust library to its customers and non-customers to access credit information, videos, and credit calculators.
  • Mobile app available: They have a free mobile app that helps track your progress and gives you alerts in case of any problems.
  • Convenience: This factor can save users a lot of time and money. Rather than going through your file yourself and contacting each creditor, Creditrepair.com does all this for you themselves.

Cons:

  • No money-back guarantee.
  • Limited monthly disputes: Depending on the plan you choose, there are limited monthly disputes.
  • Poor customer reviews: Creditrepair.com has consistently gotten poor feedback across some valid review sources.

#4. Sky Blue Credit: Most value for money

SkyBlue Credit is a reputable credit repair organization that is based in Florida. They operate in all 50 states, helping customers develop, repair, and build their credit reports. They accomplish this through score assistance and credit monitoring.

Sky Blue Credit repair helps fix your credit history by getting rid of negative items and raising your score in the process. In addition, they make sure that there is no incorrect information or inaccuracies on your record.

While signing up, Sky blue Credit offers a free credit report from all three credit bureaus. They will point out any negative errors and concentrate on the items that have the biggest negative impact. After this, sky blue sends dispute letters to credit bureaus to get rid of these errors.

It is common for credit repair agencies to offer many tiers of different packages, making the most money out of your situation. Sky Blue Credit offers only one package. However, this one plan is better than most, having a range of personalized services to suit your individual needs.

This package contains a range of services:

Professional credit Analysis:

First, Sky Blue offers expert looks over your credit report to find any problems or potential discrepancies. A professional can usually spot errors in the report that you might have missed. They offer a detailed analysis of your credit report when you sign up.

Credit Disputes:

Sky Blue looks for and finds all the negative items in your credit report and then disputes them to the credit bureaus. They allow for a total of 15 disputes, or five disputes per bureau.

Score rebuilding:

Sky Blue Credit will give you suggestions and tips you can do to make your credit score better. This may include opening a new credit card or paying off old balances. Lately, the agency will give you a long-term rebuilding plan.

Furthermore, the services will also include debt settlement, cease and desist letters, debt validation, and goodwill letters. Sky Blue claims that their process usually only takes six months, and you can cancel or pause the services whenever, without incurring any penalty.

Pros:

  • Excellent Customer service: The best and most significant benefit of Sky Blue is the commitment it has to its customers. They have an A+ in the Better Business Bureau and have formed a good reputation as trustworthy, honest and reliable.

There have been instances where they helped customers with a bad credit rating, free of any costs.

  • 90-day guarantee: Sky Blue has a 90-day money-back guarantee on their package. This is condition-free, which means if you are not satisfied with their service for any reason, you can have a full refund.
  • Unlike other companies who make you wait for 90 days to give your money back, this is not the case with Sky Blue.
  • Handles all disputes themselves: Sky Blue believes in doing all the work, so their customers don’t have to. With their professional staff, they file disputes with all credit bureaus on your behalf. Additionally, they have the creditor directly contact you, so you don’t have to do the extra step of going through sky blue.
  • Education and information: Sky Blue offers its customers insightful knowledge to improve their files and scores. Giving them advice on ways to find items that need to be removed from the list.

Cons:

  • Limited monthly disputes: Sky Blue only offers 15 disputes every 35 days, which can be a problem for many customers. Many other competitors offer much more or unlimited disputes.
  • Does not offer credit monitoring.

#5. The Credit Pros: Best Customer Reviews

The Credit Pros was founded in 2009 in Newark, New Jersey. Since then, they have had countless customers improve and fix their credit profiles by helping them remove false information on their credit reports.

The company was started by an expert and attorney in the credit repair field, Jason M. Kaplan. The Credit Pros has had steady growth since it opened and is now rated an A+ with the BBB for its high quality and effective services.

They employ a tried and true repair process that helps increase their customer’s score by a number of points. Like many other credit repair agencies, they focus on identifying false claims that lower your credit rating. Once these inaccuracies are identified, the agency guides you through the procedure of repairing or removing these items.

The Credit Pros mix its services into different packages at different price ranges. While other competitors limit credit repair services with basic plans to push customers to buy a more expensive plan, The Credit Pros offer each of their packages at a similar level of credit repair.

They have three main packages:

Money management:

This plan helps cover all the basic tools you might need to address credit problems like credit and identity monitoring, unlimited monthly disputes, and access to different financial planning tools.

Additionally, it also gives access to debt management services that are quite extensive and informative. Finally, when required, the agency will send validation letters and approvals on your behalf.

Whenever your credit report has an accurate negative item, The Credit Pros will address it using an avalanche or snowball repayment method.

The only problem with this plan is that users are limited to one debt repayment account.

Prosperity Package:

This credit repair plan has all the features you will find in the money management plan, but it allows you to open multiple debt repayment accounts. Hence, the plan is more logical for people who want to address other than false items on their report.

Success Package:

This is The Credit Pros premium plan, offering the most variety of services. On top of all the features from the Prosperity Package, it also gives you access to National Credit Direct. This is a financing program that helps people with poor credit scores to buy items such as household goods and electronics, which then contribute to a positive credit score.

The Credit Pros is a great choice if you have had credit problems that you cannot fix on your own. Since each person has a unique credit problem, they employ a different strategy to deal with each issue.

One of the best features offered by them is access to professional credit attorneys. In many situations, creditors are unwilling to cooperate and get a solution going; hence, having an attorney’s services can be helpful to change their minds.

Pros:

  • Free Consultation: they provide free phone consultations regarding your credit when you sign up.
  • Bonus services: The Credit Pros has several bonus services. Besides just monitoring and credit disputes, it also offers packages with financial planning tools, identity theft monitoring, debt management services, and many more.
  • Mobile app: The Credit Pros has a free mobile app that keeps you updated on your credit score and any inconsistencies with it.
  • Unlimited Credit Disputes: This is quite uncommon between credit repair agencies, but The Credit Pros has unlimited disputes that they send each month on your behalf; this feature is even present in the basic plan.
  • Bilingual services: Users can get assistance in both Spanish and English.

Cons:

  • High initial fees: the initial fee is between $119 and $149, depending on the package.
  • No money-back guarantee: they advertise a guarantee of getting the job done but they do not have any money-back guarantee if there are no results.

Things to Consider When Picking The Best Credit Repair Service: Credit Repair Guide for Beginners

The credit repair market is highly saturated, so finding a good agency can be a difficult task. When picking the right credit repair service, you should keep these things in mind:

Free Consultation:

The credit repair companies listed above all offer a free consultation. This is an important feature as it informs you how the agency can help before you pay for the service. In addition, most credit repair companies assign a credit expert to help you decide which of their packages can help you most.

Initial Fee:

Credit repair companies need to follow the Credit Repair Organizations Act, which states that they cannot charge users in advance. However, most companies have found a loophole to this law by charging a setup or initial fee once your account is open. These initial fees can vary from as small as $5 to $200.

BBB Rating:

Getting your credit score fixed can be a lengthy and difficult process, so it is important to know who you can trust and which agency to hire. To verify a company’s reputation, you should look at its BBB rating.

The Better Business Bureau is a nonprofit organization that aims to rate businesses in their performance and reliability. A rating of A+ from the BBB is the best rating you can get. Even though reputable credit repair agencies do not need the best BBB rating to be reliable, they still need to have a good reputation for working with customers.

Money-Back Guarantee:

The majority of the credit repair packages we reviewed offered some kind of guarantee. It is important to go through the contract to see what kind of guarantee the company offers when choosing a service.

However, not all guarantees are equal; while some may be easy to understand, others can be confusing and complicated. Most reputable companies have a no-strings-attached contract, which means users can cancel their package for any reason at any time to get their money back. At the same time, some guarantee money-back only if they cannot remove false items from the credit report.

A number of Negative Items that can be disputed:

Good credit repair agencies do most of the work by disputing false or inaccurate items that are present in your credit report. The number of items agencies dispute per billing cycle can vary from package to package. The basic plan lets you dispute any five items per cycle. If you only have a few errors, then this package is more than enough.

However, if you want large-scale credit repair, you will need to pick a plan that has more disputes in every cycle; this will speed up the process of fixing your credit. Most premium packages offer users unlimited disputes.

Price Per Month:

All the credit repair agencies we reviewed above offer a monthly payment plan. However, prices can range widely, based on the number of people being covered, the level of service, and the credit repair agency itself.

As credit repair can take a few months to be effective, it is important to pick a service you can afford in the future.

The highest price we found per month was $198, and the lowest was $79. Some companies can charge less if you pay for a few months together.

How Long They Have Been In the Industry:

While nothing is stopping newly formed companies from delivering effective results, the experience can be reassuring. In addition, the longer the company has been in the credit repair business, the more knowledge they will have about the ins and outs of the business, making them better equipped to handle any problems that come up.

FAQs about Credit Repair Companies

How do credit repair businesses work?

Each credit repair company uses its unique process to fix lousy credit reports. However, all companies use the basic method to fix credit issues. Therefore, they all operate in the same way.

The basic principle is to find where the fault lies and then fix the issue or any inaccurate data to ensure that the problems within the credit report are eliminated. If you opt for an efficient company, you are most likely to enjoy a better credit score. This is because the credit repair companies work tirelessly to clean the credit reports.

After you go to the credit repair agency, the company requests your credit report from credit bureaus. After receiving the credit report, it thoroughly reviews your report. They do this to find the area in the report that needs work.

The company checks whether your report has any errors that could lead to a bad credit score. Once the review is completed, the company offers complete analysis to its customers free of cost.

If the company finds any errors in your report, it forwards the dispute letters to concerned authorities, mainly credit bureaus, to fix the error.

Moreover, if you have a sound financial standing, the credit rating company might help you with debt by sending your revised data to debt collectors.

What is the purpose of a credit repair company?

A credit repair company works for its customers and deals with credit bureaus to ensure data accuracy. In addition, the credit rating company reviews and fixes the false information that is present in a customer’s credit report.

The credit rating company does this by asking credit bureaus to revise and reshape the existing information. This makes the information sound positive and erases the negative impact of credit rating.

Moreover, a credit rating company helps the customers understand the credit reports. You can learn to calculate your credit score if you are interested. This way, you won’t have to pay to find your credit score every time you are in need.

If you think your credit report might have issues like double entries recorded, liens, invalid debt, misspelling, or incorrect payments, you can go to a credit repair company to get your problem fixed.

How do I identify credit repair scams?

Credit rating companies have increased in popularity. This is mainly due to a high number of people facing issues with their credit reports. This has resulted in more companies stepping into the credit repair market. But, unfortunately, not all companies are offering genuine services.

Beware of companies that promise you an increase in your credit score. A company can be leading the market but still can’t guarantee a raise because it can’t predetermine the results. In addition, it is unreasonable for a company to guarantee an increase before even reviewing the credit report.

Furthermore, if the company asks you to lie or removes the accurate information from your report to make it look desirable, the company is scamming you. A reputable and trustworthy company will never follow illegal practices that could harm its image.

Moreover, if a credit rating company asks you to apply for a new SSN, the company probably plans to change your accounts. The company might do this to start fresh, showing that you don’t have a poor credit history. But don’t fall for this because a genuine company would never do this.

You can learn more about credit report scams here.

What is the fee of hiring a credit repair company?

Firstly, credit repair companies charge an initial fee to sign up for the company’s services. The fees vary from company to company and usually fall in the range between $6.99 and $200. The amount is dependent on how good the company is.

Similarly, the monthly amount charged is different for each company. Some of the companies ranked at the top are offering their services at around $80 per month. This rate is for the base plan. If you opt for a better plan or add more services to your plan, the fees increase accordingly.

In addition, the monthly rate increases if more than one person use the same account to avail of credit repair services. To date, the highest monthly fee charged is $129.99.

How long do I have to wait before my credit score changes?

The time period depends on the number and size of errors. You can expect changes after a month. However, it might even take about 90 days if your credit report has major issues.

Problems like identity theft, bankruptcy, and charge-offs take even longer to repair. This is because you will have to inculcate the habit of paying on time to make sure your credit report sounds plausible.

So, it can take from at least a month to six months for your credit score to change.

Conclusion: Which Is The Best Credit Repair Company?

Credit history and credit score will follow you around for years, which is why it is important to form good financial habits. A bad credit score can make it impossible to secure a good interest rate on a vehicle or home (if that is even possible). Therefore it is important to fix your credit score as soon as possible.

It is best to hire a credit repair agency that is transparent, flexible, and creditable, to suit all your needs. If you want to take our word for it, choose Credit Saint, as it is the best on the market.

The news and editorial staffs of The Denver Post had no role in this post’s preparation.

Source: on 2021-08-27 16:03:45

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