Having bad credit makes it difficult to get a loan, and even if you get one, you could face exorbitant interest rates that make it difficult to pay off. If you have found yourself in this situation, you know how much damage a bad credit score can do. The good news, though, is help is available. One of the best credit repair companies can help you get your credit rating back on track for fairer rates and deals in the future.
2021’s Best Credit Repair Companies [Reviewed]
Have you been looking for a legitimate credit repair company but cannot find one? There are so many options to choose from it is daunting if you do not know what you are doing or what to look for. That is why we have put together our list of what we consider to be the top three best credit repair companies of 2021.
- Credit Saint – Overall Best Choice for Credit Repair Services
- The Credit People – Best Company to Repair Credit with Bonus Features
- CreditRepair.com – Best Credit Repair App to Fix Credit
Let us take a closer look at what makes these three companies so good.
#1. Credit Saint: Overall Best Choice for Credit Repair Services
This company is truly a saint of the credit world. Credit Saint has been helping people fix their bad credit for over 15 years, and everything starts with a free consultation. You will talk to an experienced credit expert who goes through your credit reports with you. They get reports from the three credit bureaus — Experian, Equifax, and TransUnion.
The expert combs through the reports with you to find possible mistakes. If you see any mistakes, then your expert will help you set things right. Your credit score could be damaged by simple errors with you doing nothing wrong.
Credit Saint works to challenge inaccurate and damaging information in credit reports, such as late and missed payments, judgments, repossessions, identity theft, collections, and credit charge offs. With so many years in the business, Credit Saint has learned there is no “one size fits all” approach to repairing damaged credit.
The company offers three packages to suit individual customer needs and repair your broken credit:
- Clean Slate
The Clean Slate package gives you unlimited appeals to the three major credit bureaus to repair a broken credit report. The service also includes a credit score analysis and gives you a mediator between the creditors, credit bureaus, and yourself to maintain an unbiased perspective.
If you choose this package, the company stops people from harassing you about missed payments, and they send cease and desist letters for you to stop you from getting abused. They also track your credit score for you to keep an eye on things. The package also includes Experian monitoring and inquiry targets.
The Clean Slate package costs $195 upfront with a further $119.99 monthly fee. You get unlimited challenges to correct your credit report and all the help you need, giving yourself a “clean slate” of credit to build on.
- Credit Remodel
The Credit Remodel package gives you unlimited challenges against the credit bureaus, inquiry targets, and full credit score analysis. It also comes with Experian monitoring, credit score tracking, and ten challenges to incorrect items with each dispute cycle. The package costs $99 upfront with a $99.99 monthly fee to keep it going.
- Credit Polish
The Credit Polish package gives you the chance to challenge the three major credit bureaus, total credit score analysis, and credit score tracking. The package has an initial $99 charge with a $79.99 monthly fee. If you choose this package, the company gives you five challenges to incorrect items per dispute cycle.
Along with offering these three attractive packages, Credit Saint also gives you total and unlimited access to your online account. You can use the online dashboard to monitor your progress or claim the 90-day money-back guarantee if necessary. You can claim a refund if you are not satisfied with the quality of the service.
Credit Saint is there for more than repairing your credit score, as they continue to offer educational resources to help you maintain a healthy credit score in the future.
#2. The Credit People: Best Company to Repair Credit with Bonus Features
The Credit People has been in business for nearly two decades. The company was founded in 2001 and has stood the test of time by delivering excellent services to people in need. The company maintains a team of certified staff who are all trained in the Fair Credit Reporting Act (FCRA) and receive regular training to stay on top of the credit repair industry.
One thing that makes The Credit People stand out from the crowd is the incredible customer care team. The team is always on hand during business hours of 8 AM and 5 PM. So, you will get quick responses and relevant answers to your queries.
The Credit People works to remove unfair and inaccurate items from your credit report, which are lowering your score. The company also offers advice on how to improve your credit score. You will get a free seven-day trial before paying the initial $39 fee for the service.
If you are satisfied with your free trial and what you get, you can then subscribe for a monthly fee of $89, which includes an initial credit report. You will have unlimited 24/7 access to your online account, where you can change or cancel your subscription whenever you want.
If you want to avoid the monthly membership, then you can sign up for a flat rate membership where you get six months for $419, which is better value than paying for the monthly subscription. Either way, you can expect to get a full 100% money-back guarantee you can claim if you are not satisfied with what you get from the company.
The Credit People are helpful for those with basic credit problems. They are effective at removing inaccurate and negative information from a credit report or accurate information that cannot be verified.
Before you create an account with The Credit People, the representative presents all the information you need about what you get and how much you pay. There are no hidden fees to worry about with this service.
You can reach their customer support team through phone calls or email. So, you can count on The Credit People to help you no matter your credit score, as they have no minimum threshold. They work with anyone, no matter what.
The Credit People help to find and dispute incorrect information on credit reports, including:
- Identity theft
- Late payments
- Closed accounts
- Negative settlements
#3. CreditRepair.com: Best Credit Repair App to Fix Credit
CreditRepair.com is the oldest name on our list. The company was established in 1997 and has been helping people with bad credit for over 24 years. The company works by disputing and removing errors and additions to your credit report that could be damaging your credit score and unfairly lowering it.
Your journey with CreditRepair.com begins with the company offering a free consultation, during which the company evaluates your credit score and offers recommendations on how to start improving it. There are three steps to the credit repair process.
The first step is pulling your credit reports from the three main bureaus. Second, the company looks through the reports with you to find any potential errors. Lastly, they determine the best course of action to repeal those errors.
CreditRepair.com offers three distinct credit repair packages, each with different features and fees.
- Direct Package
This is the basic package, and it comes with a $14.95 initial fee and a $69.95 monthly subscription fee. This is the best package for people who want to correct a few errors on their credit report. The package includes a full month of credit monitoring, $25,000 worth of identity theft protection, and three interventions with the three credit bureaus.
- Standard Package
This is the standard, mid-range package. There is an initial fee of $14.95 and a monthly subscription fee of $99.95. The Standard Package includes a full month of credit monitoring, $25,000 worth of identity theft protection, and six interventions to the credit bureaus.
- Advanced Package
The premium Advanced Package has a cheaper initial cost but more expensive monthly cost — $4.95 and $119.95, respectively. The package includes plenty of advantages to make it worth it, such as $1 million worth of identity theft protection, full-time credit monitoring with credit bureaus, and up to eight interventions to the bureaus.
CreditRepair.com challenges incorrect and inaccurate entries on your credit report and accurate but unverifiable items. The service is great for:
- Outdated additions
- Late payments
Before signing up with this service, you should know there is no money-back guarantee like there is with the other two credit repair options on our list. However, you do get access to several other benefits, such as free access to a credit report summary and total access to your online account.
CreditRepair.com also does not offer any credit counseling or debt consolidation services. Rather, they offer free and complete access to a library of information. There are plenty of articles on debt solutions, credit improvements, loans, and savings, and how you use that information is up to you.
CreditRepair.com stands out for having an incredible mobile app. You will always be connected to your account and credit reports with this Android and iOS compatible app.
The service keeps you updated on your current credit score and your progress by giving you access to a credit score tracker. You will receive text and email updates about your credit report so you are always on top of anything that happens.
How Do Credit Repair Services Work?
Now we have looked at some of the best credit repair services, let us take a closer look at what these services do. They help to repair poor credit and fix inaccurate credit reports for a fee. They work with you and for you to challenge inaccurate information on credit reports, which could be reducing your credit score without you realizing it. They also check for accurate information that cannot be verified and dispute it to better protect your credit score.
What Do Credit Repair Companies Do?
Credit repair companies act as an intermediary on your behalf. They talk to credit bureaus and financial institutions for you. They challenge the relevant parties to delete or modify information on your credit report so it reflects on you more positively and is more accurate.
A great credit repair company will obtain credit reports from the three major credit reporting bureaus, look over the information in the report, and let you check the report yourself to find and fix errors.
A credit repair company may also teach you more about how credit scores are calculated and help you fully understand the credit report. The company then finds areas where they could offer additional advice or information on how to improve your credit score and maintain a healthy score in the future.
Credit repair companies look for several things, including:
- Outdated negative items
- Payment history
- Late payments
- Double entries
- Misspellings and errors caused by similar names
- Accounts you do not own anymore
- Invalid and unverifiable debt
Credit repair companies might request credit bureaus and other financial institutions to validate the information in a report. They may also send letters to credit bureaus to dispute any negative items or send cease and desist letters to creditors to stop them harassing you.
Credit repair companies have different ways to communicate with bureaus and financial institutions. Some of them prefer sending letters and emails, while others continue sending letters to raise disputes. If the argument is not settled within the 30 days, specified by the Fair Credit Reporting Act, then the account is automatically deleted.
Keep in mind that these companies do not do all this work for free. They charge you a fee and have their own ways of handling your financial matters. What one right credit repair company does could be vastly different from another, and this applies to how they charge you for their services.
Some companies might charge you an initial fee and a monthly subscription, while others only charge you once they correct your credit report.
Different companies also have different packages, letting you tailor your services and avoid paying more than you must for things you do not want.
What Are the Benefits of Working with a Credit Repair Company?
While there is nothing stopping you from repairing your credit yourself and reporting these issues yourself, the process is long and burdensome. It takes so much work to dispute one problem that trying to dispute several will drive you crazy. You will be getting multiple emails and phone calls from creditors when all you want to do is relax and make good use of your time.
Credit repair companies are there to remove inaccurate information in a credit report that could be damaging your credit score. Credit repair companies also monitor your credit report and find any inaccurate or unverifiable information that could be damaging your credit score unfairly.
Most people think the only time bad credit affects them is when applying for a loan, but that is not the case. There are plenty of ways that having bad credit negatively affects your life, which only gives you even more reason to work with a credit repair company to solve the problem.
Here are some of the benefits of working with a credit repair company to fix your credit score:
- Start Paying Reduced Security Deposits — Or Avoid Them Entirely
Many service providers, in particular phone service providers, check your credit score before offering you anything. Having bad credit could imply you are more likely to default on payments, so companies mitigate that risk by charging you a security deposit. If you have a healthy credit score, then you will pay a lower deposit or avoid having to pay one altogether.
- Reduced Insurance Rates
Insurance providers also check your credit score before determining which services you qualify for and how much you will pay in premiums. If you have a low credit score, that makes you a high-risk client. As such, the insurance company charges you higher premiums compared to those with high credit scores.
- Obtain a Credit Card
Having a low credit score also makes it difficult to get a credit card. You will have to pay cash for everything and have trouble affording things outside of your price range. Some service providers also charge people who pay by cash more.
- Higher Credit Limit
Your credit limit is directly affected by your credit score. If you want a higher credit limit from your provider, you need to correct your credit score, and that is where a credit repair company comes in to help.
- Peace of Mind
There is not much that is worse than facing endless phone calls, emails, and text messages from debt collectors, all of which say the same thing. Debt collectors get in the way of your peace of mind and can affect your relationship with friends, family, and even work colleagues. But, a credit repair company steps in to remove the burden from your shoulders and give you more peace of mind.
- Better Access to Loan Facilities
Having a bad credit score could prevent you from getting the car loan or mortgage you need to get the car and home of your dreams. It could block you from getting a mortgage, auto loan, or business loan. So, improving your credit score and getting it back to normal ensures you have access to the loans you need. You will also get access to fair and affordable interest rates with a good credit rating.
- Find a Job
Some employers consider your credit score before deciding to hire you or not. Having a low credit score could be why you are not getting interviews or are being passed over for a job. However, hiring a credit repair agency can help with this.
- Avoid Needing a Co-Signer
Getting a loan is tough with a bad credit score. But, you could still secure a loan by getting someone to co-sign a loan with you. Given that many people are facing financial problems right now, finding a co-signer could be more difficult than finding a loan that lets you sign with one.
Tips to Get the Most Out of a Credit Repair Company
Every market has good and bad products and services, and customers could find themselves without realizing it. There are plenty of credit repair companies offering all sorts of promises, but not all of them are to be taken at their word.
Here is what to look for when choosing a credit repair company:
- Companies That Require Payment Before Delivering Services
The Credit Repair Organizations Act (CROA) states credit repair companies cannot ask for fees upfront without delivering any services. Any company asking you for money upfront is in violation of this act and is likely a scam.
- Companies Asking for One-Time Fees
Repairing bad credit takes time and energy. If a company says you only must pay once, they could be trying to scam you. So, avoid these companies to save yourself further financial woes.
- Companies That Ask You to Lie
It is illegal to make false statements about your credit information, and any company asking you to do this is in violation of the CROA and could land you in legal trouble.
- Companies That Ask You to Change Identities
A credit repair company might ask you to use someone else’s social security number or identity to avoid credit bureaus. You do not need us to tell you this is illegal, and you should not do it.
- Companies That Guarantee to Remove Items from a Credit Report
There is never any guarantee something can be removed from a credit report or not. So, credit repair agencies promising you this are trying to trick you and should not be trusted.
- Companies That Ask You to Dispute Accurate Information
Credit repair agencies should only ever dispute inaccurate information or accurate information that cannot be verified. If they ask you to dispute accurate and proven information, then that is a big red flag telling you not to deal with them.
- Companies That Withhold Essential Information
Every credit repair company is obligated to tell you important information, such as your right to sue them if they violate CROA and your rights to dispute credit report information without being charged. Be wary of companies that do not offer all the important information upfront.
- Companies That Promise to Deliver a Specific Credit Score
There is no telling how much your credit score will improve, if at all. If companies promise you a particular credit score, they are almost definitely lying or overestimating their chances. There are so many factors involved with determining your credit score that no company could possibly guarantee a specific outcome.
- Companies That Cite Special Relationships and Affiliations with Credit Bureaus and Government Agencies
Credit bureaus are beholden to the Fair Credit Reporting Act, and any credit repair company that claims to have a special relationship with the bureaus is likely a scam. Working with a company like that could create more problems instead of solving them.
While finding a reliable credit repair agency sounds daunting, there are plenty of great ones you can trust. Here is what to look for in a worthwhile credit repair company:
- Proven Track Records
The best sign a credit reporting agency will work well for you is if they have worked well for others in the past. The company should have a website where you can find testimonials and reviews from other clients, and you can also ask friends and family for referrals.
- Good Relationships with Credit Bureaus
Companies that have a good relationship with credit bureaus are more likely to repair your credit issues than companies that do not. You can hardly rely on a company to sort out your problems when it has problems of its own.
- Legal Accreditation
When looking for a good credit repair company, you want to find one that has legal accreditation and works within the law. You do not want to work with a company that causes legal problems for you instead of fixing your bad credit.
- Works According to a Contract
A good credit repair company outlines all the details of the deal in a contract. It should include payment terms and contact details, as well as outline what you should and should not expect from the service. You should only deal with a credit repair company that lets you read and understand everything in the contract before signing it.
- Has a Money-Back Guarantee
When a company offers you a money-back guarantee on their goods or services, it shows they are confident those services will perform as expected. For credit repair agencies, that means they are confident they can fix your credit score. Companies that do not offer this feature cannot guarantee good results, and working with them could be a waste of time and money.
- Delivers Prompt and Positive Results
Credit repair companies typically charge monthly fees for their services. If a company takes too long to get the results you are hoping for, they could be taking advantage of you and your monthly subscription. They could be taking as long as possible to get more money out of you. So, work with a company that delivers prompt and positive results to get the best deal and avoid wasting your money.
Understanding What Credit Repair Companies Can and Cannot Do
Credit repair companies tend to make plenty of promises to lure people in. But, the reality is credit repair services fall under the Credit Repair Organization Act, which outlines what they can and cannot do.
Before joining a credit repair service, it is important you know the limit of these services, so you do not get scammed.
What Can Credit Repair Companies Do?
A credit repair company can obtain a credit report from the three major credit bureaus and have an expert go through the report to identify issues they can repair.
The expert finds mistakes in your credit report, such as payment history errors, double entries, and expired negative items that should have been removed by now. They find these problems and fight them.
A credit repair company can dispute any inaccurate negative information in your credit report for you, which could be negatively affecting your credit score. They fight these errors by talking to the credit bureaus, financial institutions, debt collectors, and money lenders for you.
Credit repair companies can — and should — tell you of your rights to dispute inaccurate information on a credit report. They should also tell you of your right to sue them if they break the Credit Reporting Organization Act.
Companies can — and should — give you a detailed contract outlining the terms of service, terms of payment, and how long you should expect the process to take. The company should also tell you of any hidden charges before you sign the contract.
What Can Credit Repair Companies Not Do?
The Credit Repair Organization Act states that credit reporting companies cannot ask you to dispute accurate negative information unless the data cannot be verified. So, you cannot dispute a legitimate issue on your credit report. They also cannot remove negative information and prevent it from showing up in the report. They can only challenge the issue and leave it to the credit bureau to remove and correct it
Some credit companies might ask you to change your identity or social security number, but this is illegal. So, you should not do it. They should never ask you to open a new credit account or pressure you to disclose any personal information that is not relevant to the problem of fixing your credit score.
FAQs: Credit Repair Companies
Q1. How long does it take to repair bad credit?
Q1. How long does it take to repair bad credit?
There is no such thing as a definitive timeline on how long it could take a credit company to fix your credit report issues. Some problems are solved quickly while others take longer. It depends on how inaccurate your credit report is, how long those negative things have been on your report, and your previous credit rating.
Some issues take longer than others to fix. For example, correcting a late payment is much easier and faster than correcting a foreclosure or bankruptcy. When credit companies send dispute letters to credit bureaus for you, those bureaus have a full month to reply. It can take longer if the agency disputes the claim, and it becomes a conflict.
Some negative information naturally disappears from a credit report. For example, foreclosures, charge-offs, and late payments can take up to seven years to fully disappear from the credit report. It takes up to two years to clear a hard credit check and up to ten years to clear a bankruptcy.
Q2. How can I avoid getting scammed?
Avoiding scams starts with knowing how to spot them in the first place. You might think you are dealing with a legitimate company only to realize all too late you have been scammed. Here is how to spot a scam:
- Companies that require upfront payments before delivering services
- Companies that ask you to dispute accurate information on a credit report
- Companies that ask you to lie to obtain a credit facility
- Companies that do not inform you of your legal rights to dispute credit report information by yourself
- Companies that do not write everything down in a detailed contract for you to sign before doing business
- Companies that do not offer money-back guarantees for their services.
- Companies that promise you will end up with a specific credit score
The best way to avoid scams is to vet credit repair agencies before choosing one. Check the company website to find reviews and check their online reputation, and you can also ask friends and family if they have any recommendations.
Q3. How do these companies get things removed from a credit report?
Having negative things taken from your credit report is not easy, but it is possible. Here are the different ways credit repair agencies work to help you:
- Writing Dispute Letters
Companies send dispute letters to the credit reporting bureau once they spot inaccurate information on the report. The company also writes to debt collectors and financial institutions to request the item be stricken from the record.
The companies sometimes use a “jamming” strategy to bombard an agency with a letter to guarantee a response. Accounts are closed if the agency fails to respond within 30 days.
- Writing Cease and Desist Letters
The credit repair agency can act as a mediator between you and debt collectors, and they can write cease and desist letters to debt collectors on your behalf. These debt validation letters call for the debt collector to stop harassing you and wait to see what your credit report looks like after the negative items are removed.
- Negotiating with Creditors for Pay for Delete
A credit repair company might contact your creditors for you to negotiate a pay for delete option. How this works is that you agree to pay the debt, and the creditors agree to remove the negative comment from your report once they get the payment.
- Writing Good Will Letters
The credit repair company can write goodwill letters for you after a negative item is removed from your record. These letters ask the institution to update their information.
Q4. Do credit repair companies really work?
You will find credit repair companies really do work. These companies have helped millions of people around the world fix their bad credit scores and secure better and fairer loans. These companies let you spot problems on your credit report that could damage your credit score, dispute those problems with the three credit reporting bureaus, and intervene with creditors and debt collectors on your behalf.
Credit repair companies employ teams of trained attorneys who understand all the laws and regulations associated with credit repair and reporting. These people are in the best position to have negative items taken from your report and could get better results than if you did it by yourself. A credit repair agency saves you time and energy dealing with collectors and creditors. However, you should choose a reputable credit repair company with a proven track record for the best results.
Q5. What is credit repair?
“Credit repair” refers to the process of correcting a low credit score, which could be making it hard for you to secure a loan, mortgage, or credit card. It could also stop you from getting a job. You can attempt to repair your credit score by yourself, or you can hire a credit repair company to do it for you.
Either way, the process is always the same — obtaining a credit report from the three credit bureaus, reading and analyzing the report to find errors, and disputing those errors with the credit bureaus, financial institutions, and debt collectors.
Credit repair is entirely legal on the federal level. These services help to remove inaccurate negative information and challenge accurate information that cannot be verified and is still damaging your score. However, you cannot dispute accurate and verified information, no matter how negative it is.
Final Thoughts – Which Credit Repair Company Is the Best?
Having a bad credit score negatively affects your finances, making it difficult to get a loan, at least without debilitating interest rates. You can hire a credit repair company to dispute errors on your credit report and fix your unfair credit history.
Credit repair companies like Credit Saint, The Credit People, etc., listed above make it easier than ever to repair a damaged credit score. They understand all the legal processes involved with credit repair, saving you time and effort.
The best credit repair company is one that is fully credible, transparent, and flexible enough to work around your needs. Out of all the companies we reviewed today, we feel Credit Saint is the best overall credit repair company. This does not mean you should only use Credit Saint, however, as any of the companies are a good choice.
We hope this article has answered your questions about repairing bad credit and working with credit repair agencies. You should now be able to make an informed decision about which company and approach are best for you and your situation.