Tuesday, August 9th
2022 Credit Repair Company Reviews
The Credit Pros
- "A-" rating from the BBB
- In business for over 10 years
- 90-day guarantee
- Free initial consultation
- 3 plans to choose from
As a fintech firm that helps clients avoid credit-oriented mistakes, The Credit Pros want to get you on solid financial ground - for the first time ever or once again, depending on your circumstances. As with most credit repair companies, you'll get a free initial consultation here. Schedule it directly through the website (in English or en espanol) and you'll get a phone call at the time you designate.
First level of service isn't worth the money
You'll have three plans to choose from at The Credit Pros. Surprisingly, the first tier (Money Management) doesn't come with anything we'd label as "credit repair" . For $69/month, you'll get your credit report from one bureau, ID Cover dark web monitoring, alerts from TransUnion, bill reminders and a budgeting system. Honestly, we'd recommend skipping this plan, because that's a lot to pay for services that are pretty much free and you can easily manage on your own.
Middle-tier service offers standard credit repair tools
For $119/month, The Credit Pros' Prosperity plan starts to dive into more traditional credit repair services. You'll get credit bureau challenges, creditor interventions, cease and desist letters, and a letter of reference (that they don't really explain what it is or why you would need it).
Top plan includes a credit-building loan
Finally, the Success Plus plan will cost you $149/month. The big differences over the other two plans are three-bureau reports and scores and a credit builder loan to help you improve your scores, with payments reported to all three bureaus.
Unimpressive 90-day guarantee
You've got a somewhat limited 90-day guarantee with The Credit Pros. If they don't get any questionable items deleted or updated on your credit report, you can get a full refund. Of course, it's genuinely not that hard to get a single change made in three months - and you should be beyond disappointed if any credit repair service can't do more than that in 90 days.
Costs
- $69/month for Money Management
- $119/month for Prosperity
- $149/month for Success Plus
- First work fee of one month's payment
Decent reputation
How do The Credit Pros perform when it comes to client feedback? The Better Business Bureau gives the company a solid "A-" rating, which can be hard to come by in the credit repair industry overall. Over the three years leading up to our evaluation, there were just over 60 complaints registered with the BBB - but, at least the last time we checked, the details of those complaints weren't on display there. The good news is that, both on the BBB site and in other places, there are plenty of positive reviews for The Credit Pros: at least 200 people gave the service a five-star rating, citing big improvements to their credit scores in just the first month alone. Clients describe reps as helpful and patient, and generally think that this credit repair service is worth the money.
Reliable but overpriced
Overall we give The Credit Pros a solid rating. We're not totally convinced that their lowest tier of service is worth what they're charging, but the two plans that actually jump into credit repair services seem to do the job. Compare your options here with a few of The Credit Pros' higher-ranked rivals and then you'll be in a great position to choose the best service for your needs and budget.
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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