With the tough financial situation our country has been in, a lot of people are talking about how to boost their credit score. One of the ways that people try to improve their credit score is through top-rated credit repair services.
Credit repair services promise to work to raise your credit score, although there is no guarantee that they will be successful. Generally, these credit repair services use the same tactics to try to raise your credit score, including filing the paperwork to fix errors on your credit report, convince your lenders to remove derogatory items from your credit report or use the law to force credit bureaus to remove derogatory information. Most services know the tricks of the trade when it comes to repairing your credit, but that doesn’t mean that they will be able to raise your credit score.
So does credit repair work? It really depends on your credit report and what you are looking for. If you have errors on your credit report, credit repair services are a good way to get those errors fixed. Most credit repair services will ask your advice on what to focus on, so if you believe you have errors on your report, ask them to focus on those.
Credit repair services can also be influential in getting derogatory items removed from your credit report, but only if they fit into certain criteria. There are laws that dictate how credit bureaus can report on your credit usage, and credit repair agencies know those laws and how to use them to get items removed. They also are good at communicating directly with your credit lenders to ask to remove derogatory items if you have a good history with the lender. Most lenders are willing to forget about an item or two if you generally pay on time.
Does it work for everyone? Definitely not. Before signing up for a credit repair service, make sure you have done your research, have picked a trusted company and have a game plan on how you want them to approach the situation.
If you are really worried about being scammed, look for the credit repair services that offer the most comprehensive refund. Here is a list of the most trusted credit repair services out there:
Sky Blue is the most affordable and reliable credit repair option that we looked at. Sky Blue Credit Repair has streamlined their credit repair service so they offer strictly credit repair (like fixing mistakes on your credit report, good-faith letters to your creditors, etc.) and don’t include extras that raise the price like other credit repair companies. Sky Blue is the closest in offerings and price to The Credit People, which some find to be a good alternative. You can check out our review of The Credit People here.
Price: $59 to start, $59/month after
BBB Rating: A+
Guarantee? Sky Blue Credit Repair is one of the only credit repair services that offers a full 90-day refund no matter what the reason. You can sign up for Sky Blue Credit Repair here or call (888) 534-1510 to talk to a live person.
The best part about Lexington Law is that it is an actual law firm that specializes in credit law, which means they know what they are doing when dealing with lenders. Lexington Law has been around longer than most other credit repair services and includes all of the bells and whistles that come along with their credit repair plan, including a guarantee.
Price: $99.95 to start, $59.95/month after (for cheapest plan.)
BBB Rating: A
Guarantee? Lexington Law doesn’t charge you anything until they’ve completed all the work that they agreed to. You can check out more about Lexington Law here or call (844) 259-3376 to talk to a live person.
CreditRepair.com actually has a relationship with TransUnion, so they can actually pull your credit score for you, which is extremely helpful. They also have an “A” rating from the BBB. The only downside to CreditRepair.com is the cost. They charge $89.95 a month, although they don’t have an initial fee like most other credit repair services. With the $89.95, you get your standard credit repair services, as well as monthly credit monitoring, a score tracker and analysis, mobile apps and text and email alerts.
BBB Rating: A
Guarantee? CreditRepair.com offers a guarantee if they don’t complete the work you agreed upon. Sign up for CreditRepair.com here or call (844) 764-9863 to talk to a live person.
Advertising Disclaimer: Simple. Thrifty. Living. does receive compensation for some of the services that we recommend, although we only recommend services that we truly believe are the best.