Saturday, January 28th
2023 Credit Repair Company Reviews
MSI Credit Solutions
- Free consultation
- Refund policy
- Monthly fees under $100 for individuals, under $140 for couples
- Available everywhere except Georgia, Kansas, Louisiana, South Carolina and Vermont
MSI Credit was founded in 2006 and has received several Angie's List Super Service Awards for excellence in credit repair and consulting. Their services are available nationwide, with the exceptions of Georgia, Kansas, Louisiana, South Carolina, and Vermont.
Get your credit report first
You can enter your information to request your free consultation, or you can call MSI directly. They're going to go over your credit report with you; if you don't already have yours, there's a link you can click to get it. Just be careful: when we went to the third-party service that MSI Credit recommended, we noticed that it had a $1 7-day trial and then an automatic $30.99/month charge. You don't want to be caught off guard by that.
Straightforward pricing for individuals and couples
We appreciate the simplicity in pricing here. You'll pay $98/month as an individual or $138 as a couple. Your initial setup fee is equal to one month of service. What will you get for your money? Unlimited disputes to the three major credit agencies, debt validation/cease and desist letters, one-on-one consultations with a credit expert, plus additional support and coaching.
Limited refund policy
You've got a guarantee if you choose to work with MSI: if you fulfill your end of the bargain (as spelled out in your service agreement) and yet you don't get a negative or derogatory item removed from each of the three credit bureaus, they'll refund your initial service fees. That's not the most stellar refund policy out there - you have to be a client for at least 6 months, and initial service fees are only about a month's worth of those - but it's better than nothing.
Not many complaints
MSI Credit is one of many credit repair providers we evaluated with a low rating from the BBB ("C+" , in this case). It's pretty tough for businesses in this space to rank well, and MSI Credit is no different. Fortunately, they only had eight complaints filed with the BBB in the three years prior to this evaluation: hardly a pattern of dishonesty or poor service.
Costs
- Monthly fees of $98 for an individual, $138 for a couple
- Setup fees equivalent to one month's service
Client satisfaction is high
Customer feedback for this credit repair service is encouraging. Over 90% of MSI Credit's clients give them a 4- or 5-star rating. It was good to see satisfied customers who even named specific team members for offering excellent service, not to mention the corresponding improvement in their credit reports. Sure, there were a few complaints from people who didn't think they got a good value from their monthly credit repair service here, but the vast majority are glad they chose MSI.
Trustworthy credit repair
MSI earns a better-than-average rating from us. We think their refund policy could be a little more generous, and some credit repair services can offer you the same benefits at a lower monthly price. However, because MSI is doing a good job of helping people improve their credit reports and has a solid reputation overall, we have no concerns about recommending their services.
More Credit Repair Company Reviews
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.
Credit Repair Company FAQ
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!
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