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Best Credit Repair Companies for Results: Services to Fix Your Credit Score Fast

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2. Experian Boost – Most Reputable Credit Repair Program

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Pros

Free of charge!


● FICO scores included


● Guaranteed rates


● Instant score improvement


Cons


● Checking account access required


Experian is one of three national credit bureaus (including TransUnion and Equifax) that calculates a credit score for you based on your credit report with them.


Knowing how important a high score is, Experian launched a 100 percent free service known as Experian Boost to help “boost” your score for good spending habits. This includes regular payments into investment or savings accounts, paying bills on time, and so on.


What’s more, the service promises there’s absolutely no risk to your current Experian credit score. Plus, it’s free!


We recommend Experian Boost for people with just below “good” or “excellent” scoring categories, since even a little boost could make you eligible for a whole range of different loan or credit products.

3. Lexington Law – Experienced Credit Repair Specialist

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Pros

●      Proven track record

●      Online contact options available

●      Free credit report consultation

●      Expert attorneys and paralegals

●      Offers cease and desist letters

Cons

●      No satisfaction guarantee

●      Financial Management (Premier Plus only)

Lexington Law is well known for credit repair services and guarantees accurate credit reporting with their expert team of professionals. Members of the group, such as paralegals, offer individual and personal support. Lexington Law also gives its customers access to their credit analysis and counseling plan with a handy mobile app.

Credit Repair Packages

●      Concord Standard ($89.95 per month package): This package, as the cheapest plan, includes creditor interventions and bureau challenges.

●      Concord Premier ($109.95 per month package): As well as bureau challenges and creditor interventions, this package also includes several other benefits: TransUnion alerts, ReportWatch, score analysis, and InquiryAssist.

●      Premier Plus ($129.95/month): As well as including everything that the standard and premier packages have to offer, the Premier Plus package also offers identity theft protection, a FICO score tracker, personal finance tools, and cease and desist letters. It’s up to you to decide which package best fits your needs and budget.

4. The Credit People – The Best Guarantee

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Pros

●      Straightforward pricing

●      Low one-time work fee

●      24/7 account access

●      FCRA-certified consultants

Cons

●      No access to financial management tools

●      No credit monitoring

The Credit People, rated as having the best guarantee, have two different memberships with clear pricing. If you’re not satisfied with either plan, you can cancel at any time and receive a refund for the previous month’s payment, making it quite appealing.

Both memberships with this company include a $19 first work fee, unlimited credit disputes, and creditor reports. Furthermore, they also offer support that goes further than just credit reports; you’ll receive debt validation assistance and a six-month satisfaction guarantee with the flat-rate membership.

5. Credit Repair – Best Reviewed Credit Fixing Company

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Pros

●      Free credit analysis

●      Various credit repair services

●      50 percent off sign-up fee

●      Helpful tracking tools

Cons

●      Advanced plans are more expensive

Credit Repair is an excellent company for challenging inaccuracies and removing damaging items from your credit report. Once signed up to Credit Repair, the company will analyze your credit report for inaccurate items, build you a repair plan, and start challenging the negative things that harm your report the most.

There are three packages available, allowing you to choose whichever best suits your budget!

Credit Repair Packages

●      Direct ($69.95/month): This is the cheapest package available with credit repair and allows three creditor disputes per month and 15 negative challenges per month. This plan is great for people on a low budget with a few negative items needing to be tackled.

●      Standard ($99.95/month): This package has everything in the Direct package as well as hard inquiry challenges, cease and desist letters to creditors, credit score analysis every quarter, and credit monitoring.

●      Advanced ($119.95/month): This is the most expensive package that Credit Repair has to offer, although it includes a vast array of benefits, including 19 item challenges per month and six creditor disputes monthly. This package also includes personal finance tools, identity theft protection, and other things, such as receiving your monthly FICO score.

6. Ovation Credit – Top Credit Improvement Service for Customer Support



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Pros

●      Easy cancellation

●      Multiple discounts available

●      Financial management tools with both plans

●      Free credit consultation

Cons

●      No online application

●      Credit monitoring with the Essential Plus plan only

Ovation Credit is an excellent choice—especially considering all the discount options available. You could get a couple’s discount, senior discount, and even credit of up to $50 on your next monthly payment for switching companies or referring a friend. There are two plans available, so let’s have a look at them.

●      Essentials ($79 per month): This cheaper plan has an initial fee of $89, although you get a free consultation with a credit expert. It has loads of handy little add-ons like financial management tools, personal credit dispute processes, and your own personal case advisor who oversees your whole process and guides you through it.

●      Essentials Plus ($109 per month): Including everything within the Essentials plan, the Plus Plan will also give you unlimited disputes, goodwill letters to creditors, TransUnion credit monitoring, and an official Ovation recommendation letter to your potential lenders.

7. Sky Blue Credit – Cheap Credit Repair Services

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Pros

●      Easy online sign-up available

●      90-day money-back guarantee

●      Discounts are available

●      Reviews line by line credit reports

Cons

●      No monthly credit monitoring

●      No handy financial tools

Sky Blue Credit also allows you to take advantage of all its credit repair services through its simple pricing. Once signed up, each process takes around six months to complete, but the great thing is that cancellation is available to you at any point in the period.

The credit repair plans include credit score assistance, access to professional debt negotiation consultants, and initial analysis of disputable items. As well as the 90-day satisfaction guarantee, you can expect disputes for 15 negative items per each monthly cycle and a review of potential inaccuracies in your report.

The package costs $79 per month for a flat rate and $119 per month for couples.

8. Pyramid Credit Repair – Best Credit Improvement Service for Married Couples

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Pros

●      90-day money-back guarantee

●      Free consultation and no up-front fees

●      Quality customer support

●      Analysis and budgeting tools

Cons

●      Cannot remove accurate negative information

●      You may need to give supporting documentation

Pyramid Credit Repair is one of the most respected credit repair companies, taking control of customers’ finances to help improve their overall credit score. They work with credit repair bureaus and creditors until your issues have been resolved. It starts with a free credit assessment, and then an expert will help you through the action of obtaining your report.

●      Singles ($99 per month): As the cheapest plan, there are no additional costs to this package, you can cancel at any time, and there’s 24/7 support if you require it.

●      Couples ($198 per month): This is a great deal for couples, offering a personalized service for two. It gives 24/7 support, just like the Singles Plan, financial tools, and you can cancel at any time. Both plans have no contracts, meaning there are no strings attached.


Best Credit Repair Services: FAQs

Is it Worth Paying Someone to Fix Your Credit?

Yes. Because raising your credit is so impactful on your lifestyle, we believe it is worth paying someone to fix your credit as long as you choose the right agency for the job.

Nevertheless, there are several steps people can take to raise their credit score on their own. Staying on top of frequent monitoring will catch red flags that come up early in the process.

However, several of the larger credit repair companies will be able to catch things you might not, and your odds of success are much higher than trying to fix your credit on your own.

Instead of spending time fighting off harassing credit collectors and sending cease and desist letters, let a professional repair service do the work for you.

Can a Credit Repair Company Guarantee Errors Will Be Removed?

Whether a credit repair agency can guarantee errors will be removed is tricky to answer because it depends on what you’re disputing.

Although companies do their best to help raise your credit score, bureaus won’t simply delete credit information just because you’ve hired professional help—there have to be inaccuracies and errors for this to happen.

Why do Minor Infractions Have Such a Negative Impact on My Credit?

Minor infractions are small issues, yet this means that they’ll be more common than significant infractions. They’ll build up over time, creating a lot of negative information on your credit report.

How Can Credit Repair Companies Help?

A credit repair company could help you buy a house, take out a loan, or anything else that you might need money for (and, of course, a decent credit score for!).                                                        

By offering constant support, financial tools, and expert action, credit repair companies could help boost low credit scores while also helping you monitor your credit for errors.

How Can I Avoid Credit Repair Scams?

A great way to avoid getting caught up in a credit repair scam is by keeping an eye out for the following red flags.

Get ahold of the contract. You may not be given the contract to view beforehand—don’t sign anything when you don’t know what you’re signing up for! The name and business address of the company should also be clearly visible.

Check the terms and conditions. Additionally, you might be getting scammed if the contract doesn’t include the amount you’re being charged or the date by which the services will be carried out.

Make sure you can cancel. You should receive a statement letting you know you can cancel the contract if you choose to.

Don’t pay any up-front fees. If you’ve been asked for a payment before any services are performed, see this as a red flag since the law disallows credit repair agencies from charging up-front fees.

Top Credit Repair Companies: The Takeaway

Always do your research first to make sure you’re hiring the best credit repair company for you—all our top picks are remarkable for their own reasons. However, some may suit you better than others, especially when there are different services and prices on offer.

Overall, we’ve rated Credit Saint as the top credit repair company due to its multiple different options to suit different budgets, clear-cut pricing, and the ability to cancel at any time.

This isn’t to say that our other top picks aren’t also great options – each has its winning benefits, which helped them make it onto this list. 

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How Does a Secured Credit Card Work? | Credit Card News & Advice

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Building credit from scratch is often referred to as a chicken-or-the-egg problem. If you don’t have a credit history, it can be challenging to get approved for a credit card. But if you don’t have a credit card, it’s hard to build a credit history.

Here’s where secured credit cards can save the day. It’s possible to be turned down for a secured credit card, but if you’re approved for one, it’s a good way to get started on your journey to great credit.

We’ll start with the basics and work our way up to the advantages – and disadvantages – of secured credit cards.

There are both unsecured and secured credit cards. An unsecured credit card doesn’t require a deposit to get approved for the card. The top unsecured credit cards from major issuers are typically used by those who have at least fair credit. There are some unsecured credit cards available for those with zero or bad credit, but they tend to have high interest rates and fees.

Due to the cost of unsecured cards that target those with little or bad credit, many turn to secured credit cards. Secured credit cards do require a deposit, usually ranging from $200 to several thousand dollars, depending on the deposit requirements of the issuer.

The deposit stays in an account, and the purpose of the deposit is to decrease the risk for the lender. If you don’t pay for the purchases you made with your secured credit card, the financial institution will use your deposit to pay it off.

When you get approved for a secured credit card, you’ll receive a credit card that looks just like an unsecured credit card. There’s no visible clue that the card is secured.

The amount of your security deposit is usually equal to the credit limit for your new secured card. You’ll use your secured credit card just like you would an unsecured card. You can use it for purchases everywhere that accepts your secured credit card.

Just to be clear, your security deposit stays in an account with the issuer. You’ll make payments on your balance from one of your own bank accounts. So, you’re actually buying things on credit.

Most secured credit card issuers report your payment history to the three major credit bureaus: Equifax, TransUnion and Experian. If you can’t find confirmation on the card’s home page that payment history is reported, call the issuer to make sure it’s the policy.

When your secured card’s bill comes, you must pay the bill by the due date. If you pay your balance in full, you’ll avoid paying compound interest. If you consistently make on-time payments and keep low balances on your card during the month, your credit score will begin to increase.

Secured credit cards have many advantages, but there are also downsides to this type of credit card.

  • Secured credit cards help you build credit and develop a good credit score.
  • Secured cards help you learn how credit works. And since the credit limits are on the low side, it helps to minimize your risk of getting into debt.
  • Some credit card issuers will promote you to an unsecured credit card. Not all secured card issuers have unsecured versions, but many of them do.
  • When you’ve built a good credit history and you’re ready to upgrade to an unsecured card, you can get a refund of your deposit.
  • Many secured credit cards offer rewards and benefits.

  • You have to make a security deposit, and this ties up your money for the life of the secured card.
  • Some secured cards have many fees, so you have to read the fine print carefully.
  • You’ll probably have a low credit limit, but this is often a good thing while you’re getting comfortable using credit.
  • Some secured credit card issuers don’t offer unsecured versions, which means you have to apply for an unsecured card from another issuer.

I know it’s difficult to build credit or to come back from a poor credit score. A secured credit card can be a great option, but be sure you read all the disclosure statements and understand if there are fees involved. After about a year of responsible use, you’ll probably have at least a fair FICO score (580-669), which is good enough to make the leap to an unsecured credit card.

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Review: Bank of America® Customized Cash Rewards Credit Card for Students

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in-depth research determine where and how companies may appear. Learn more about how we make money.

Now that most students are starting to return to in-person school, many young adults and their parents are once again looking for the right credit card. Having a credit card offers students a secure and convenient method of payment. It also helps students build credit and even earn some rewards. The Bank of America® Customized Cash Rewards Credit Card for Students excels at all of these tasks.

Key Terms

  • Welcome Bonus: Earn $200 cash rewards after spending $1,000 within 90 days of account opening.
  • Rewards: Earn 3% cash back in the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Receive 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases.
  • Annual Fee: None
  • APR: 13.99% to 23.99%
  • Promotional Financing Offer: 15 months of 0% APR on both new purchases and balance transfers.

How This Card Works

This card is a very competitive rewards card, especially for a student card. New applicants earn $200 in cash back after making $1,000 worth of new purchases within 90 days of account opening. You also earn 3% cash back in the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases.

But rewards shouldn’t be the most important thing to students. Instead, consider this card because it’s very easy for Bank of America customers to manage, along with their checking and savings accounts. It also helps students to build their credit by offering them a free FICO score each month. It’s compatible with digital wallet technology and can be managed by a full featured mobile app.

New accounts also receive 15 months of 0% APR financing on both new purchases and balance transfers, and there’s no annual fee for this card.

Advantages

While most student credit cards are very basic, this one comes with generous rewards, including a new account bonus. Other advantages are its promotional financing offer and free monthly FICO score. There’s no annual fee for this card, but that’s expected with a product designed for students.