The Basics of Credit Repair

Tuesday, May 20th

If your credit score has taken a hit and you're having a hard time getting approved for a credit card, loan or more - you may be considering a credit repair provider to assist. Credit repair companies can be very helpful when it comes to your credit problems but only if you have reasonable expectations. Here are the basics of what a credit repair company does and how they charge for their services.

What Credit Repair Companies Can Do for Your Credit Score
Credit Repair companies are experts in the field of credit reporting, credit reporting laws and disputes. You can anticipate that most companies will provide the following services:

Effectively identify credit reporting inaccuracies and perform the dispute process with credit agencies. This service can save the consumer significant time and hassle from attempting to do this on their own.
Credit score improvement goes hand in hand with effectively disputing credit reporting inaccuracies. If a credit repair company is successful at removing aged or inaccurate information from your credit report your credit score will go up. This is generally not a quick fix but a process that occurs over time.
Credit repair companies understand the credit score process and can provide valuable advice on how to pay off debt, close accounts, and maintain an adequate debt to asset ratio that will improve your credit score now and in the future. Not all credit repair companies offer advice so look around before you make a decision if this is a service you're interested in.
A quality credit repair company will back their services with a satisfaction guarantee. A money back guarantee will put you at ease should you not be satisfied with their ultimate efforts.

Credit Repair Fees
Credit Repair companies charge to remove credit reporting inaccuracies and errors. Here's what to expect you may be asked to pay:

See all of our
Credit Repair Company reviews

What are the best Credit Repair Companies

Credit Repair Company FAQ

What is credit repair?

Credit repair is just like it sounds: a process by which your credit history and score are improved. This happens through negotiations with creditors, removing negative information reported to credit bureaus, and other strategies.

Do I qualify for credit repair services?

That will depend on several factors: your state of residence, the type(s) of issues you're looking to resolve, and so on. Most credit repair services offer a free consultation, to determine if you're eligible for their help and which approach to take in your specific case.

How much does credit repair cost?

Credit repair services typically charge a one-time setup fee and monthly service fees. One-time fees range from $19 to $195, and monthly fees from $29 to $159.95. You might get a discount if you sign up as a couple, or if you're a current or former member of the military.

Why should I use a credit repair service? Can't I do it all by myself?

Most of the actions taken on your behalf by a credit repair service can be done on your own. But, how much time do you have? Are you typically available to make calls during business hours? Hiring a credit repair provider can save you a significant amount of time and hassle. And, there's something to be said for letting the experts do the work, using their knowledge and connections to ensure that your credit repair process is done effectively.

What should I expect once I sign up for credit repair help?

The first step with any credit repair service will likely involve a thorough review of your credit report. Your representative will discuss your credit history in detail, help you identify actionable items, and give you a recommendation for which services are best suited to your needs. From there, credit repair providers work diligently to address the issues and resolve them, for as long as you maintain your subscription to their services.

How long will it take to repair my credit?

Most services state that you'll see negative items removed from your credit history within the first 90 days. The amount of time it will take to see an improvement in your credit score will depend on your particular circumstances.

Is there a guarantee that my credit score will improve?

Sometimes. A few credit repair services guarantee that you'll see those deletions within the first three months, and you'll get a refund of any fees paid if that doesn't happen. Other providers actually specify a minimum credit score improvement. It's a good idea to know exactly what you'll get from the service you select, before you sign up as a member.

Are companies offering credit repair too good to be true?

Credit repair is legitimate: working with a reputable service, you can absolutely see big changes in your credit report. On the other hand, there are companies that don't deliver what they promise. Be sure to check out the reputation of any credit repair service you're considering: customer feedback, number of years in business, and the service's BBB rating are all helpful indicators of a provider's trustworthiness.

Compare Credit Repair Companies

Select any 2 Credit Repair Companies to compare them head to head

best-credit-repair-companies

Sky Blue Credit

Credit Saint

Credit Firm

The Credit People

Pyramid Credit Repair

Credit Repair Consultants

The Credit Pros

Credit Monkey

Sky Blue Credit vs Credit Saint Sky Blue Credit vs Credit Firm Sky Blue Credit vs The Credit People Sky Blue Credit vs Pyramid Credit Repair Sky Blue Credit vs Credit Repair Consultants Sky Blue Credit vs The Credit Pros Sky Blue Credit vs Credit Monkey Credit Saint vs Credit Firm Credit Saint vs The Credit People Credit Saint vs Pyramid Credit Repair Credit Saint vs Credit Repair Consultants Credit Saint vs The Credit Pros Credit Saint vs Credit Monkey Credit Firm vs The Credit People Credit Firm vs Pyramid Credit Repair Credit Firm vs Credit Repair Consultants Credit Firm vs The Credit Pros Credit Firm vs Credit Monkey The Credit People vs Pyramid Credit Repair The Credit People vs Credit Repair Consultants The Credit People vs The Credit Pros The Credit People vs Credit Monkey Pyramid Credit Repair vs Credit Repair Consultants Pyramid Credit Repair vs The Credit Pros Pyramid Credit Repair vs Credit Monkey Credit Repair Consultants vs The Credit Pros Credit Repair Consultants vs Credit Monkey The Credit Pros vs Credit Monkey

Compare the Best Credit Repair Companies

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The Basics of Credit Repair