Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

Credit Monkey Review

Friday, August 12th

2022 Credit Repair Company Reviews

Credit Monkey Review 1 Star Rating

Credit Monkey

1 Star Rating
  • Serves residents of all states minus Pennsylvania
  • In business since 2019
  • Free initial consultation
  • 90-day guarantee

Credit Monkey has been in business since 2019, making them one of the "youngest" credit repair services in our evaluation. They serve clients in 49 states (Pennsylvania is excluded) and offer a free 15-minute consultation.

Multiple credit repair packages

There are several tiers of service available through Credit Monkey. The lowest-priced package is $99/month. This package includes disputes on up to five negative items each month, plus $1 million in identity theft fraud insurance and identity theft alerts. $159/month gets you up to 10 negative items disputed. At the $199/month level, you'll also get monitoring of up to five credit cards (to help you not make late payments) and resolution of credit report inquiries. The three packages priced at $299, $399, and $499 per month start going into public records, tax liens, and so forth; the latter two subscriptions also come with a credit line of $5,000 and $10,000, respectively. Credit Monkey doesn't go into any detail as to what any of those services do, how they work, or why you'd want those credit lines.

90-day risk-free guarantee... sort of

In theory, you've got a "glorious" (their wording, not ours) 90-day, risk-free guarantee here. After you've been enrolled for six months, you can request a refund if Credit Monkey hasn't removed "3 or less" items within the first three cycles of disputes. Does that mean it counts if they only remove one? It seems like they ought to give you a refund if they haven't removed at least three negative items.

Not concerned with BBB rating

Because Credit Monkey is so new on the market, there's not as much feedback from clients to consider. The company has a "C" rating from the Better Business Bureau, but that's only because of one complaint that didn't get a response. We're not overly concerned, because there were only four complaints filed over the last year, in contrast with almost two dozen positive reviews also posted to the BBB's listing.

Best Credit Repair Companies

Fake reviews?

What did get us concerned was looking at the patterns in the positive reviews for Credit Monkey, not just on the BBB site but elsewhere. When we checked out not just the reviews but the individuals leaving them, almost every single time those people had left positive reviews for one or two other businesses - and those businesses were the same (Credit Monkey and "Joe's Video Games" ). That's usually a red flag indicating that the reviews aren't legitimate - that people are being paid to leave the reviews, and that most of those reviewer profiles are fake too.

Costs

  • Plans range from $99 to $499 per month

Suspicious advertising

The deeper we looked into Credit Monkey, the sketchier things got. Look at their Facebook page: you'll see promos from Brett Favre, Snoop Dogg, and a few other celebrities - but they never mention the name of the service, and they all read from some script that references a 15-minute phone consultation. It feels like someone paid for a Cameo from each of them and then used it for their advertising.

Red flags everywhere

Then we found tons of typos on Credit Monkey's posts - and even on their website. Beyond that, when we went to the "Meet Our Team" page, there was absolutely zero information about the people behind the service: no CEO, no "credit repair specialists" , nothing. Oh, and then there was this little gem, which should tell you a lot about how this business operates: "we have coached hundreds more on how to attract more clients and drive revenue and profits into their credit repair business" . So that's how it is!

Not a company you can trust

We have no confidence whatsoever that Credit Monkey is a reputable credit repair service. It looks like most of their positive reviews are fake, legit clients say that they got no improvement to their credit history when using this company, and even their advertising is suspect. We can't recommend strongly enough that you stay away from Credit Monkey when considering credit repair options.

Which Credit Repair Service is the Best?

Americans have finally started to understand the importance of a good credit score: from 2011 to 2021, the nationwide average increased from 689 to 714! Anything over 700 is considered to be "good" and can be the key to opening doors financially - everything from renting an apartment to securing an auto loan or mortgage may rest on your credit report.

Unfortunately, not everyone understands what goes into a positive credit history. Late payments, applying for multiple credit cards in a short period of time, or even problems with mistaken identity can all lead to a less-than-excellent credit profile. Some people get lured in by the promises of low monthly payments or 0% APR credit cards, only to find themselves drowning in debt.

The Best Credit Repair Companies Compare Credit Repair Companies Compare Credit Repair Company Reviews What are the best Credit Repair Companies Best Credit Repair Company Reviews

Credit Repair Company FAQ

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.
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.
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.
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.
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.
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.
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.
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 the Best Reviews

Continued from above...

That's where credit repair services enter the picture. These providers work to dispute items on your credit report that might be inaccurate, unverifiable, or erroneous. Depending on which company you choose, the service might also include cease and desist letters, goodwill letters to help you qualify for credit in the future, credit monitoring to keep you on track, and one-on-one coaching.

You shouldn't expect miraculous, rapid increases in your credit score - most credit repair processes result in a modest increase of about 40 points, though some may bring you up by 100 points or more - but it could be what makes the difference for your financial goals and credit needs.

As you start to explore the possibility of credit repair, you'll soon see that there are many providers hoping to gain your business as a client. Which one is the best for you? Here are a few things to keep in mind as you decide:

  • Services provided. What is included in your monthly fee? Will you get a certain number of challenges and disputes or is it unlimited? Is credit monitoring included? Will you get coaching on managing your finances going forward, so that you can avoid needing credit repair down the road?
  • Fees. What will you pay for the services you receive? Is it month-to-month or a one-off cost? Is there an initial work fee or setup cost? Also, many services expect that you will have a credit report in hand at the time of your first consultation; some include that with your fees, while others charge you for it. Be aware that you can request your credit report once per year for free: the CFPB recommends using AnnualCreditReport.com to get yours from all three of the major credit bureaus at no cost.
  • Results. The best credit repair services tell you what to expect and how quickly. It can take a month or two before your credit score changes, even if your provider is working diligently behind the scenes on your behalf.
  • Reputation. The Better Business Bureau isn't a big fan of the credit repair industry, so it's not uncommon to see reputable providers with a less-than-stellar BBB grade. Rely on client feedback to paint a clearer picture instead. Do customers say the credit repair service was effective? Was it worth the money they paid? Did their assigned reps update them regularly with the progress made on their credit reports?

To help you get your finances back on track, TopConsumerReviews.com has evaluated and ranked the most popular credit repair services available today. We're confident that this information will give you everything you need to choose the right partner in your journey towards a fantastic credit report!

Compare Credit Repair Companies

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

best-credit-repair-companies
  • Sky Blue Credit
  • Credit Firm
  • The Credit People
  • Ovation Credit Services
  • Credit Saint
  • MSI Credit Solutions
  • The Credit Pros
  • Lexington Law
  • Credit Repair
  • Pyramid Credit Repair
  • Credit Repair Consultants
  • Credit Monkey
Sky Blue Credit vs Credit Firm Sky Blue Credit vs The Credit People Sky Blue Credit vs Ovation Credit Services Sky Blue Credit vs Credit Saint Sky Blue Credit vs MSI Credit Solutions Sky Blue Credit vs The Credit Pros Sky Blue Credit vs Lexington Law Sky Blue Credit vs Credit Repair Sky Blue Credit vs Pyramid Credit Repair Sky Blue Credit vs Credit Repair Consultants Sky Blue Credit vs Credit Monkey Credit Firm vs The Credit People Credit Firm vs Ovation Credit Services Credit Firm vs Credit Saint Credit Firm vs MSI Credit Solutions Credit Firm vs The Credit Pros Credit Firm vs Lexington Law Credit Firm vs Credit Repair Credit Firm vs Pyramid Credit Repair Credit Firm vs Credit Repair Consultants Credit Firm vs Credit Monkey The Credit People vs Ovation Credit Services The Credit People vs Credit Saint The Credit People vs MSI Credit Solutions The Credit People vs The Credit Pros The Credit People vs Lexington Law The Credit People vs Credit Repair The Credit People vs Pyramid Credit Repair The Credit People vs Credit Repair Consultants The Credit People vs Credit Monkey Ovation Credit Services vs Credit Saint Ovation Credit Services vs MSI Credit Solutions Ovation Credit Services vs The Credit Pros Ovation Credit Services vs Lexington Law Ovation Credit Services vs Credit Repair Ovation Credit Services vs Pyramid Credit Repair Ovation Credit Services vs Credit Repair Consultants Ovation Credit Services vs Credit Monkey Credit Saint vs MSI Credit Solutions Credit Saint vs The Credit Pros Credit Saint vs Lexington Law Credit Saint vs Credit Repair Credit Saint vs Pyramid Credit Repair Credit Saint vs Credit Repair Consultants Credit Saint vs Credit Monkey MSI Credit Solutions vs The Credit Pros MSI Credit Solutions vs Lexington Law MSI Credit Solutions vs Credit Repair MSI Credit Solutions vs Pyramid Credit Repair MSI Credit Solutions vs Credit Repair Consultants MSI Credit Solutions vs Credit Monkey The Credit Pros vs Lexington Law The Credit Pros vs Credit Repair The Credit Pros vs Pyramid Credit Repair The Credit Pros vs Credit Repair Consultants The Credit Pros vs Credit Monkey Lexington Law vs Credit Repair Lexington Law vs Pyramid Credit Repair Lexington Law vs Credit Repair Consultants Lexington Law vs Credit Monkey Credit Repair vs Pyramid Credit Repair Credit Repair vs Credit Repair Consultants Credit Repair vs Credit Monkey Pyramid Credit Repair vs Credit Repair Consultants Pyramid Credit Repair vs Credit Monkey Credit Repair Consultants vs Credit Monkey
Compare the Best Credit Repair Companies
- VS -
Review the Best Credit Repair Companies
See the Best Credit Repair Company
The Best Reviews of Credit Repair Companies