August 23, 2019

Do Credit Repair Companies Come With a Guarantee?

Written By Mary Beth Eastman
Last updated February 11, 2020

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Many people find themselves in financial trouble from time to time. These money issues can drive down your credit score. Sometimes your credit score can also take a hit due to inaccurate negative items. Since most financial institutions rely on the big three credit reporting agencies, Equifax, Experian and Transunion, it’s important your record is correct. Unfortunately, your word alone will not get inaccurate negative items removed.

Although you can fight to correct your own record, the process can be complicated and time-consuming. You may decide to hire a credit repair company to help you. Many of these organizations exist, but you need to choose one of the best credit repair companies that stands behind its work, or the entire experience can leave you worse off than before. One way to do that is to look for a guarantee.

Late payments, bankruptcies, collection efforts — these are just a few of the things that can drag your score down by hundreds of points. Credit repair companies can help you remove some of these items from your credit reports, particularly if they are incorrect. Not all of these companies are created equal, however. Certainly, some companies are more successful than others in removing these negative items.

You need a company with knowledgeable employees who will aggressively pursue the removal of negative items. Remember, some credit histories are easier to fix than others. If you have multiple collection items or late payments on your record, no company can get you to an excellent credit rating in just a few months. They can help you get long-term results through credit monitoring services and financial planning advice.

Before signing on with any credit repair company, you should check to see if they offer a money-back guarantee.

For instance, Sky Blue Credit Repair allows you 90 days to ask for a refund if you are unhappy with their results. Credit Saint offers a similar service, although the rules are different. If the company doesn’t remove any items from your credit report within 90 days, you get your money back. Check out our Credit Saint Reviews to learn more about the guarantee.

Lexington Law warn prospective clients that their results cannot be guaranteed due to the complexities of the service offered. But on the other hand, they only charge for work completed. Same with They can guarantee they will perform the work promised, but do not offer refunds if you decide you don’t like it. You can weigh these factors alongside their A+ Better Business Bureau rating and decide for yourself.

In fact, before deciding on any company, it’s important to check their online reviews and status with the Better Business Bureau.

Credit repair businesses can help you rid your credit history of unfair or inaccurate negative items. Research these companies and check their refund policies before becoming a customer.

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