Monday, November 28th
2022 Credit Repair Company Reviews
Ovation Credit Services
- "A+" rated and accredited by the BBB
- No-risk refund policy
- Free consultation
- In business for 20 years
Ovation Credit has been in business for about 20 years and was acquired by LendingTree in 2018. Their team is here to help you improve your credit and correct any errors on your report. Across more than one million Ovation clients, this credit repair service sees an average of 19 improvements per customer.
DIY credit repair for $79/month
You can get a free consultation before deciding which Ovation plan is right for your needs. You'll pay an $89 first work fee no matter which one you ultimately select between Essentials and Essentials Plus. The first package is $79/month and is more of a do-it-yourself-with-guidance approach. Your Ovation team will help you understand the dispute process and recommend the steps you can take to dispute every item on your credit report that you think is unverifiable, incomplete, misleading or inaccurate. There's no credit monitoring provided with this package.
$109/month for full-service plan
If you want someone to do the work for you, the Essentials Plus is your best option here. Their team will send unlimited validation dispute letters, goodwill letters, and recommendation letters as needed to repair your credit and help you obtain credit in the future. This plan also includes TransUnion credit monitoring. You'll pay $109/month for Essentials Plus.
No-risk refund policy
Ovation offers a no-risk refund policy. No credit repair company can legally guarantee specific results, but Ovation promises that if they fail to provide agreed-upon services in any month, they won't charge you for that timeframe. They don't go into specifics on how you'd determine if they were or weren't working, but at least you know they'll give you a break if there's an interruption of the service.
A+ and accreditation from the BBB
With respect to reputation, Ovation has done the seemingly impossible: an "A+" rating and accreditation from the Better Business Bureau, where most of their rivals struggle to get above a "C" . There have been fewer than 100 complaints logged there in the last three years, but they've all been handled appropriately. We also found lots of four- and five-star reviews from Ovation clients who said their credit report improved while using this service, and who praised their support team for being easy to reach and a breeze to work with.
Costs
- $79/month for Essentials Plan
- $109/month for Essentials Plus Plan
- $89 first work fee
Slight drop in rankings
While we can still wholeheartedly recommend Ovation as a reputable source of credit repair services, we've dropped them slightly in our rankings. They've got several noteworthy rivals who offer more for the money: $79 for DIY credit repair isn't as competitively-priced now as it was several years ago, and for that monthly payment (or less) you'll find companies who will take care of it for you.
Still a good option for credit repair
We still give Ovation lots of credit (see what we did there?) for having a flawless record with the Better Business Bureau and for providing credit repair that clients can trust. The only caveat is that your money might go farther with some of the other services in our evaluation, so be sure to shop around a little before choosing Ovation as your top pick.
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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