Having good credit is vital in many ways, from qualifying for loans and mortgages to lowering your utility rates. But, if you have bad credit, it can be difficult to improve your score without the help of a specialist. Credit repair companies work on your behalf to dispute any inaccurate or erroneous items on your credit report that may be hurting your score. This can be an intimidating task that many people don’t have the time or skills to tackle on their own. Luckily, there are many legitimate credit repair services that will work to resolve your problems in a quick and efficient manner. The best credit repair companies will provide you with a free credit consultation, do a thorough examination of your reports and offer money back guarantees. But, not all credit repair companies are created equal. It is important to do your research before choosing one.
There are plenty of scams out there that claim to do everything from removing accurate negative information from your report to wiping your entire credit history clean. These scams are often based on outright lies and can be very dangerous to your financial health. To avoid these shady practices, be sure to check out the company’s reputation online and in the Better Business Bureau before hiring them.
It is also important to note that while some credit repair services will claim to be able to remove all negative items from your report, this is not possible. Legitimate negative items will only remain on your report until they are 7 or 10 years old and are then eligible for removal at the credit bureaus’ discretion. Therefore, while a credit repair service can try to petition these items to be removed sooner than this, they cannot guarantee that all negative items will be removed from your report.
The best credit repair services will be transparent and upfront about what they can do for you, how long it will take, and how much it will cost. They will also be able to provide you with a thorough credit repair plan that is tailored to your specific situation. You can also find out how many disputes they can file per month and whether they will work with all three credit bureaus (Experian, TransUnion, and Equifax).
Lastly, consider how flexible the company is in terms of its billing structure. For example, some companies will allow you to pause your subscription online, which can save you money on startup fees and allows you to resume your subscription when needed. One of our top picks for the best credit repair services is Sky Blue, which offers a low startup fee and a convenient online portal. In addition, it is BBB accredited and has a high customer rating.