With so many bad credit repair companies out there, it can be hard to know which are the best credit repair companies for real credit help. Here are a few credit restoration services that stand out from the other services. All of them are highly recommended, but each company is different from the others. Check out this breakdown for details on what each of the best credit repair services offers:
|Rank||Credit Repair Service||Best For||Monthly Fee||BBB Rating||Expert Rating|
|1||Lexington Law Credit Repair||Overall Coverage||$89.95||N/A||★★★★★|
|2||Sky Blue Credit Repair||Value for Price||$79||A+||★★★★★|
|4||The Credit People||Trial Period||$79||A-||★★★★|
|5||Pyramid Credit Repair||Customer Service||$99||N/A||★★★|
Simple. Thrifty. Living. does receive compensation for some of the services that we recommend, although we have strict editorial guidelines and only recommend services that we truly believe are the best.
Lexington Law website | (844) 259-3376
Lexington Law Cost: Lexington Law has an initial fee of $99.95, plus $14.99 to pull your credit reports. After that, it is $89.95 a month for the basic package, $109.95 a month for the Concord package, and $129.95 a month for the Concord Premier package.
Features: The basic package offers the repair basics, including fixing mistakes on your credit report, sending good faith letters to your lenders and looking for legal loopholes. The Concord package, however, offers extra scrutiny when it comes to the FTC regulations that lenders must follow when reporting to the credit bureaus. If they aren’t following those regulations, Lexington Law can request that negative information be removed from your report. The Concord Premier package includes that as well as monthly credit monitoring and identity theft protection.
Reputation: If you want the best credit repair service on the books, Lexington Law is your best bet. It has been around longer than most of the other credit repair services, and it scores an “A-” with the Better Business Bureau.
Guarantee: Lexington Law’s guarantee relates only to the credit help promised to you, so read over your agreement carefully before you sign anything. Here is a full Lexington Law review.
Sky Blue website | (888) 534-1510
Price: Sky Blue is one of the cheapest credit repair services, with a $79 setup fee and then an ongoing monthly fee of $79.
Features: Because of the low price, Sky Blue doesn’t have all the fancy bells and whistles that other services have. It offers straightforward credit repair services to help fix errors and have negative items removed from your credit report, along with online tools so you can track your progress. It also allows you to pause your service at any time, which sets it apart from other credit repair services.
Reputation: Sky Blue has an “A+” Better Business Bureau rating. The service is transparent in what it offers and has 20 years of experience in the credit repair industry.
Guarantee: Sky Blue offers a 90-day, 100-percent money-back guarantee. Here is a full Sky Blue review.
CreditRepair.com website | (844) 764-9863
CreditRepair.com offers a personalized dashboard (like many online investment sites) and visual representation of your credit score to help you track your credit repair progress. On average, it reports a 7 percent decrease in the number of questionable negative items for its clients each month. Find out more from our full CreditRepair.com review.
Price: CreditRepair.com offers a standard service for $99.95, which offers the standard credit repair work along with credit report monitoring and credit score analysis.
BBB Rating: A+
Guarantee: CreditRepair.com will not charge for any work that it has not completed, and you can cancel at any time, but it does not offer any money-back guarantee.
The Credit People website | (866) 323-0104
The Credit People offers a seven-day trial for only $19, so you can try out the service before committing to anything. The Credit People also offers a lump-sum option of $299 for six months of service, which saves you over the monthly rate of $79. The Credit People also offers a guarantee if you aren’t satisfied with the work. You can cancel your service at any time. Here is a full The Credit People review.
Pyramid Credit Repair website | (866) 634-9255
Price: Pyramid Credit Repair costs $99 per month. If you sign up for the service as a couple, you receive a 50% discount on the first month.
Features: Outside the normal credit repair features, Pyramid offers an easy-to-use website and mobile site to help you easily track your credit progress. It also offers dedicated account managers to each customer to help manage the progress and any questions you may have along the way.
Reputation: Pyramid has a stellar online reputation thanks to its excellent customer service and dedicated account managers. Pyramid scores close to 5 stars in most online reviews, although it is not registered with the Better Business Bureau.
Guarantee: Pyramid Credit Repair offers a 90-day, 100% money-back guarantee.
Most credit repair companies will accomplish all of the following:
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Yes. Both terms refer to repairing or restoring your credit history with the goal of improving your credit score, whether by yourself or with the help of a company.
First, the credit repair service will assess your credit situation by looking at your credit reports. Second, the credit repair service will give you a plan of action that it thinks is best to improve your bad credit score. Once you’ve agreed on a plan, the company will start taking action. It may seem like things are moving slowly, but too many inquiries and contentions from the company all at once can raise red flags with the credit bureaus. Even the best credit repair services do not help you with your credit card debt. If you are looking for debt relief, check out this Freedom Debt Relief review to get a better idea of how debt relief services work. A good credit score can help you get approved for better consolidation loans with better interest rates.
If you have a lot of errors on your report, credit repair services will prioritize fixing those errors. If you have had a solid credit history of credit usage in the past or have a good track record for the past few years, the credit repair services will probably try to negotiate with your lenders to get some of the negative items removed from your credit reports. If you have negative items from lenders that are traditionally unresponsive, the credit repair services may try to contest those items because, according to the Credit Reporting Act, the credit bureaus only have 30 days to verify the information. If they can’t verify it, the items must be removed from your report. There are a number of ways credit repair services can attack negative items on your credit report. If you want to check out your credit report before you sign up for a credit repair service, you can get a free credit report at annualcreditreport.com.
The best credit repair service for you depends on what you are looking for. If you are looking for a more affordable company that just does the basics of credit repair, a company like Sky Blue is a great choice. If price isn’t an issue and you want extras like monthly credit monitoring and identity theft protection, credit repair services like Lexington Law and CreditRepair.com both offer those along with a great track record.
It costs less to do it yourself, but it requires a lot more work than hiring a credit repair company and probably won’t be as effective as a credit repair company. The top credit repair companies have in business for years and have an excellent grasp on credit laws and how the credit bureaus work.
When many people hear the words “credit repair,” overpriced credit repair services and scams spring to mind. While scams are out there, many credit repair companies really can help you improve your bad credit score and repair your credit. The key is knowing which companies can help and how they work.
Finding a company: The best way to find a legitimate credit repair company to use is to look for a company that follows government standards. Credit repair companies must give their customers the option to cancel at any time, must provide a list of all included services in writing, and must not require customers to pay for work that has not yet been completed.
Know what to expect: Credit repair is not a magical fix to your credit problems; it is a highly-regulated practice, and every company has to follow strict rules. Credit repair companies can contest items on your credit reports, but whether the credit bureaus agree to remove those items is outside of the control of the credit repair company.
Don’t overpay: Credit repair companies charge by the month, which is convenient, but the process can also take a long time. Credit repair services can only challenge a small number of items on your credit report each month, so it can be a slow process. Some less reputable credit repair services may try to prolong the process to charge you more in the long run, which is why it’s important to be careful when choosing a company.
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