- 1 How Credit Repair Services Work
- 2 How To Compare Credit Repair Services
- 3 Best Credit Repair Services
Approximately one out of four consumers have an error on their credit report that makes them look high risk to lenders, potentially making it more difficult to get loans and competitive interest rates.
Here’s where professional credit repair services come in. They can help you remove inaccurate information by corresponding with creditors and collection agencies, and disputing unfair accounts on your behalf. In this guide we compare credit repair companies to find the best ones with the best features. One of our top picks could be the right credit repair agency for you.
How Credit Repair Services Work
Most credit repair services will pull your credit report, analyze it, look for mistakes and work to correct any errors they find. Sure, you can do it yourself, but hiring a pro saves you the time and the headache. These agencies will negotiate with creditors on your behalf, submit forms and more.
How To Compare Credit Repair Services
When you work with a credit repair agency, you’ll give them access to your personal information. That’s why it’s important to do your research thoroughly. Here’s what you should consider:
Credit Repair Services
What exactly does the credit repair company offer? In general, they should provide the following:
- Pull your credit reports from all 3 bureaus
- Review your credit reports
- Identify negative items
- Dispute negative items
- Offer educational materials on how credit reporting works
- Set up a plan to build positive credit
- Provide monthly updates
Most credit repair companies will charge a monthly fee, as well as an initial processing fee. Look for agencies with a free consultation to see if they can help you before you have to pay anything. You might also want to choose a company that offers a money-back guarantee.
All credit repair firms are required to provide you with a written contract which clearly outlines their services and pricing. Some will require a minimum commitment, while others work on a monthly basis. We prefer the latter because you can quit the service at any time without having to pay a penalty fee.
You can tell a lot about a company by reading their customer reviews. Check the Better Business Bureau (BBB) and TrustPilot.
How easy is it to reach the company’s customer support team? Can you access them by email, phone and live chat? Make sure to check their hours of service and estimated response time as well.
Best Credit Repair Services
Ready for it? Here’s our list of the best credit repair services this year.
|CreditZO||Best low-cost service|
|Credit Saint||Best money-back guarantee|
|Lexington Law||Best personalized service|
|SuperMoney||Best for comparing|
|Self.inc||Best for credit builder loans|
CreditRepair.com – Best Overall
A CreditRepair.com membership gets you:
- A personal dashboard online
- Dedicated member advisors
- Monthly credit score analysis
- Identity theft insurance
- Updated credit scores every 90 days
- Mobile app and customizable text alerts
Dedicated member advisors
Identity theft insurance
Credit education resources
CreditZO – Best Low-Cost Service
CreditZO is different from the credit repair competition, because they don’t charge a fee for filing credit error disputes on your behalf. You will, however, have to pay to pull your credit report from a third party, along with a monthly fee that ranges from $14.29 to $27.99 to monitor your credit.
|Monthly Fee||Starts at $14.29/month|
|Initial Fee||Third-party credit pull|
– Credit Bliss $4.97/month
– PrivacyGuard $19.99/month
– SmartCredit $19.95/month
Credit repair advice
Referrals to credit card providers & lenders
Credit Saint – Best Money-Back Guarantee
There’s a lot to love about Credit Saint, namely their 90-day money-back guarantee. The credit repair service also offers free consultation and is one of the few in the industry with an A+ Better Business Bureau (BBB) rating. But be forewarned the excellent service doesn’t come cheap.
|Monthly Fee||Starts at $79.99/month|
|Initial Fee||Starts at $99|
|Money-Back Guarantee||90 days|
BBB A+ rating
Not available in South Carolina
Lexington Law – Best Personalized Service
Every Lexington Law customer gets an account representative, usually a paralegal, who will work with you throughout your credit repair journey. You’ll have a familiar voice to discuss the details of your case and your financial life, and a personal advisor who knows the ins and outs of your credit situation. Lexington Law also offers free consultation, a give 50% off, get 50% off referral program, expanded customer service hours and helpful resources.
|Monthly Fee||Starts at $89.85/month|
Expanded customer service hours
Helpful educational resources
SuperMoney – Best For Comparing
SuperMoney is an aggregator site that lets you compare multiple financial products and companies – including credit repair agencies – in one place. Utilizing a proprietary, weighted, sorting algorithm, the comparison service takes a look at various important details, such as customer reviews, if there’s a money-back guarantee, monthly fee, initial processing fee and more, to rank credit repair firms.
|Details||Ranks credit repair agencies|
Self.inc – Best For Credit Builder Loans
Self.inc provides credit builder loans to help improve your credit score, without any money upfront. A hard credit pull is not required, and it comes with complimentary credit score monitoring. Plus, get a $10 cash bonus for every person you refer.
|Details||No hard credit pull|
No deposit required
Free credit score monitoring
|OFFER LINK||OFFER||OUR REVIEW|
|Chase Business Complete Banking℠||$300 Cash||Review|
|Chase Total Checking®||$225 Cash||Review|
|Chase Secure Banking℠||$100 Cash||Review|
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience Checking℠||$150 Cash||Review|
|HSBC Premier Checking||$450 Cash||Review|
|Axos Business Checking||$100 Cash||Review|
|Aspiration Checking||$150/$200 Cash||Review|
|Ally Invest||Up To $3,000||Review|
|Betterment||Up To 1 Year Free||Review|
|BlockFi||Up To $250 BTC||Review|
|Voyager (code BH5F1A)||$25 In BTC||Review|
|Coinbase||$10 In BTC||Review|
|Motley Fool||Stock Advisor Discount||Review|