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Best Credit Repair Companies – The Tokenist

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Do you have bad credit? It has a way of hanging over your head like a financial curse. Bad credit can even prevent you from accomplishing major life tasks — like taking out a mortgage or buying your first car. Or it can stop you from taking out student loans, vacationing with your family, or worse.

In the most extreme cases, bad credit can make it hard for you to live a normal life.

It’s no wonder people look for assistance when they’re trying to get out from under the specter of bad credit. Credit repair companies are agencies specifically designed to provide this assistance.

They can work with you as you try to repair your credit and negotiate with credit bureaus on your behalf. While they can’t fix your credit for you outright, they can help share the load and make the burden manageable as you take steps to recovery.

Let’s take a look at some top credit repair companies and explain why they might be a great fit for your financial needs.

Top Credit Repair Companies


The following list is a result of more than 100 hours of research:

1. Credit Saint
Best Overall
2. Sky Blue
Best Premium Service
3. CreditRepair.com
Easiest to Use
4. Lexington Law
Excellent Customer Service and Reputation
5. AMB Credit Consultants
Best for Married Couples
6. The Credit People
Very Affordable
7. The Credit Pros
Best for Hands-On Repair

Best Credit Repair Companies

There are plenty of companies out there that can legitimately rectify your credit. Here’s our take on the top credit repair companies available.

1. Credit Saint – Best Overall Credit Repair Company

Pros

  • Provides customized letters to credit bureaus
  • Multiple packages depending on how much service you need
  • Provides plenty of online resources
  • Frequent progress reports

Cons

  • Prices can be a bit much if you don’t need that much help

Credit Saint is one of the best credit repair agencies you can find overall; they’ve really earned their name, as can be seen not only from our recommendation but from the A+ BBB rating they currently hold.

For starters, they’re priced pretty competitively, offering monthly packages between $79 and $120, although they do have some initial fees ranging between $99 and $195.

Still, they’re worth the asking price because they write custom arguments for all their clients. They don’t use pre-made templates when petitioning credit bureaus on your behalf; they’ll look at your situation individually and figure out a strategy that works best for your needs, then compose unique arguments to use on your creditors.

Even better, they offer a moneyback guarantee. You’ll be eligible for a refund if they can’t find any negative or questionable items to remove from your credit report within the first 90 days of your arrangement.

The packages offered included are:

  • Polish, which helps to repair medium levels of credit. It basically covers up to five items on your credit report every cycle, so it’s great if you don’t have super bad credit but still want to make significant improvements
  • Remodel, which costs a little more and has the firm challenge up to 10 items on your credit report. They’ll also tackle things like erroneous bankruptcies or repossessed items
  • Clean Slate is the most expensive, but it provides the most aggressive credit repair services. The credit repair firm will challenge an unlimited number of credit items in every cycle. It can be a great choice if you have lots of potentially negative items on your credit report that you need to be taken care of

You’ll also find lots of other things to like, such as a personal advisory team, several informative online resources you can use to educate yourself, and regular progress reports. Figuring out whether their repair services are worth your time is easy thanks to this transparency. 

2. Sky Blue – Best Value

Sky blue logo

Pros

  • Pretty good pricing all around
  • Good discounts for married couples
  • Provides free credit reports
  • Comes with a 90-day satisfaction guarantee

Cons

  • Can’t customize the service/number of challengeable items

Sky Blue is another good choice, and they offer slightly better value for money if you don’t need a full-on, top-down credit repair overhaul. They’ve been in the industry for a long time, so they have a great track record and plenty of experience that they can bring to bear on your credit report needs.

They offer a single package that’s pretty affordable at $79 per month. The firm will dispute up to 15 items on your report, or 5 items per credit reporting agency, every 35 days.

They provide fantastic customer service that’s lauded by both customers on websites like the BBB. They provide all new subscribers with basic evaluations to show those new customers where they might be able to fix their credit report themselves without paying an extra cost. Sky Blue literally forgoes charging you money if it works better for your needs.

They also provide a 90-day satisfaction guarantee, without extra conditions or fine print. If you want to find a credit repair service as a couple, you get a $39 per month discount, too (but only if you’re married). They also don’t require you to pay for credit reports, so you get free credit reports as an added bonus.

It’s easy to see why Sky Blue has such high marks considering its ease-of-use, simplistic pricing scheme, and excellent value-forward initiatives.

3. CreditRepair.com – Easiest to Use

Pros

  • Very easy to track progress and sign up
  • Provides free access to your credit report
  • Has easy to follow three-step plan for challenging credit report items
  • Free consultation available

Cons

  • Tends to throw around potentially misleading average point gains for customers 
  • Don’t provide as much in-depth info as some other companies

CreditRepair.com is an ideal credit repair agency if you don’t want to deal with complex websites or difficult-to-follow credit repair procedures. This company provides a straightforward service and user-friendly guidelines that make it easy to see their value, even if you aren’t very technically or financially inclined. You can see what they offer by signing up for a free consultation that requires no upfront fee on your part.

Signing up for the service will have you follow three major steps. The company first looks over your credit reports from all three bureaus, then begins to send letters challenging those disputes over the following week.

CreditRepair.com regularly follows up on those letters and will repeatedly challenge the same items over and over if needed. This can make them a great choice if you know that there are improper negative items on your credit report that bureaus may be unwilling to change because of bureaucratic legwork. Sometimes insistence is key, and this company provides it in spades.

The company also provides you with a way to easily follow their progress online through your account portal. Furthermore, their pricing is pretty decent at about $100 a month. They also give you free access to your credit report summary, which is a nice bonus in any credit repair agency.

Signing up for the service is easier than with many other companies, as you can fill out a mobile application on your phone or tablet. You can also use these devices to track your progress even while on the go.

4. Lexington Law – Best Customer Reputation and Experience

Lexington Law Logo

Pros

  • Several discounts available for military or spouses
  • Provides you with a personalized credit repair expert
  • Lots of financial tools to take advantage of
  • Has a long history of getting results for their customers

Cons

  • Pricing can be a bit high for some

Sometimes, the best credit repair agencies are those who have lots of experience. Lexington Law is one of those companies. They’ve been in business since 1991 but have focused on credit repair exclusively ever since 2004.

Supposedly, they’ve removed 10 million negative items from their customers’ credit reports just in 2017 – these are good predictions for further success.

All customers get to pick between three packages: basic, moderate, and advanced. Pricing ranges between $89.95 to $129.95. They also include a first work fee of the same price of whatever package you decide to pick.

A free consultation is provided, however, which is nice since things can get pretty pricy with both charges added together. Even better, they provide a 50% off discount if you are a veteran or active military. Furthermore, spouses get a one-time 50% discount when their partner signs up for their service.

Lexington Law provides a mobile app so you can check your progress reports on the go and keep in touch with the company as they represent your interests. They attach you to a personalized representative, so you can give them details about your situation and so they can figure out the best negative items to work on for your credit report.

Their staff is extensively knowledgeable, and if you pay for one of the higher-priced plans, you’ll get several personal-finance tools to help you tackle your debts and stay on top of how the credit repair company is performing.

All told, it’s a well-constructed and comprehensive credit repair service. They’ve got a good track record and plenty of expertise under their roof in exchange for relatively high prices.

5. AMB Credit Consultants – Best for Married Couples

AMB Credit Consultants Logo

Pros

  • Good prices overall, but especially for couples
  • Has a single but comprehensive package with unlimited disputes
  • Provides some credit educational materials
  • Has a moneyback guarantee 

Cons

  • Free cancellation only lasts for three days, then there’s a fee

AMB Credit Consultants are another good choice if you want an agency with experience – they have 13 years of it. They’ve also got an excellent A rating with the BBB, and only six complaints as of 2020.

They offer 1 credit repair package, making it simple to apply for their service. Sometimes it can be irritating to have to pick between several services when you just want someone to help you with your negative credit report items.

This repair package can be purchased for a one-time fee of $99 and an additional $99 fee for every month you want to subscribe. You can also pick up joint accounts for $149 (one time and monthly), which is pretty affordable compared to other credit repair agencies on the market. As a result, it’s affordable for married couples or any joint account; you don’t have to be legally intertwined to take advantage.

The service provides unlimited and advanced disputes for all the major credit bureaus, plus a secured account management portal so you can track your credit repair service progress. Credit educational materials, cease-and-desist letters and templates, and inquiry disputes are all included with this comprehensive package.

We also like that they offer a moneyback guarantee up to six months if they can’t find or fix any items after that time frame. You’ll also be able to cancel without any penalty within three days of signing on to the package. All in all, it’s a great credit repair company for just about everybody, but an especially good choice for couples or joint account holders due to its affordable prices.

6. The Credit People – Best Price

The Credit People Logo

Pros

  • Very affordable overall
  • Offers a pricing model for indefinite assistance
  • Has a great moneyback guarantee
  • Good monthly rate as well

Cons

  • Not as many new features as other companies

Need a credit repair agency but can’t afford to shell out lots of cash? The Credit People might be the perfect choice. They’re a bit newer than other agencies on the market, but they have a lot to like.

For starters, you can try out their package for $19 over seven days. This is a pretty reasonable fee for what essentially amounts to a trial period. The only downside, of course, is that credit improvements are unlikely within this timeframe for any credit repair company.

However, if you decide to stick with them, you can opt to pay a one-time flat rate of $420 to get everything they offer indefinitely. You read that right.

You’ll never need to pay another dime for their credit repair services. You can also choose a month by month payment plan of $79 a month, which is pretty affordable and at the lower rate for average charges in this industry.

You’ll also get a moneyback guarantee – this comes in the plate if you don’t see any positive results within 60 days, which is a generous period compared to other moneyback guarantees.

There are a few downsides to all this affordability. They only provide customer care during central time zone business hours, and they also don’t offer additional features like identity theft protection that more established companies can boast.

Still, they provide solid credit repair services for all the major credit bureaus and can help you find and repair negative items on your credit report for affordable prices. They might be a great choice for you if your budget is tight, but you need to start fixing things soon.

7. The Credit Pros – Best for Hands-On Credit Repair

The Credit Pros Logo

Pros

  • Provides several packages ranging from basic to comprehensive services
  • Decent prices across the board
  • Provides you with a FICO expert
  • Lots of educational resources and bonus features

Cons

  • A bit more hands-on than other credit repair companies
  • May require a bit more time investment on your part

Those looking for a credit repair company that they can work with more as a partner will appreciate The Credit Pros. This agency gives you a one-to-one relationship with a certified FICO professional who acts like your personal credit repair expert. They’ll work with you to create a plan to repair your credit over time and they can be an invaluable resource for pointing out where you can avoid going wrong in the future.

But you’ll also get budgeting tools, prescription discounts, store lines of credit, payment reminders, and plenty of other bonus goodies to make them worth your while.

They also have lots of innovative benefits like identity theft restoration, cease-and-desist letter templates, and will even go above and beyond by writing goodwill letters to various creditors. They’re extremely easy to sign up with, requiring only about 90 seconds to register. Once in the site, you’ll benefit from a detailed blog that has plenty of credit education resources to help you maintain good credit over the long haul.

Your client portal provides you with live updates on your credit scores and any progress that your FICO expert is making at the moment. They offer several comprehensive packages that range between $69 a month all the way up to $149 a month. But they also have a basic credit monitoring package for $19 a month if you just want to keep an eye on your credit score and don’t need extra assistance. 

A Buying Guide to the Best Credit Repair Companies

How do you know whether a credit repair company is legitimate? What purpose do these companies actually serve? Let’s dive into credit repair companies in more detail.

How Do Credit Repair Companies Work?

In a nutshell, credit report companies work for you by getting negative items from your credit report taken off in exchange for fees. Negative items are any incidents on your credit report that lower your overall credit score.

In this way, credit repair companies don’t deliberately add more points to your credit score. They just remove negative influences so your whole score goes up.

Pro tip 💡: The best way to keep your credit from dropping even further is by carefully watching it. While this is quite labor intensive to do yourself, there are a number of top credit monitoring services that will do this for you — automatically.

What Do Credit Repair Companies Actually Do?

Credit repair companies do this by ordering credit reports and reviewing them for various errors or negative items they think they can contest. In lots of cases, minor negative events on your credit report can be contested with the credit bureaus and they’ll remove them just to avoid the hassle of a fight. In other incidences, there really are negative items on your credit reports that were improperly placed and can be removed after a review.

Some of the negative items credit repair companies can get removed include:

  • charge-offs
  • bankruptcies
  • late payments
  • tax liens
  • and more

Credit repair companies will send direct communications to various creditors to contest these charges or get the items removed. This may involve sending letters to dispute the information, sending cease-and-desist letters to debt collectors personally, and requesting validation for certain items on your credit report.

They’ll also normally begin their services to you by asking for your personal information, especially so they can compare it against items on your credit report.

What credit repair companies can’t do is arguably just as extensive. Knowing what they can and can’t do is one way you can spot a credit repair scam before you fall for their tricks. Credit repair companies cannot:

  • replace your credit file with a new one
  • charge fees if you cancel
  • charge upfront fees before they perform a service
  • promise specific results, especially within a certain timeframe
  • force credit bureaus to get rid of negative items – they can only ask or point out incorrect information
  • advise you to make false statements, like claiming that an accurate negative item on your credit report is inaccurate for the purposes of boosting your score

Furthermore, credit repair companies can’t do anything you can’t do by yourself. Their value comes from other factors, not from unique skills that only they possess.

Why Use Credit Repair Companies?

Credit repair companies can be worthwhile in the long run because, even though they don’t do anything you can’t handle yourself, they provide expertise and more man-hours to work on your credit score. Think of it as hiring specialists to help you improve your credit score over time instead of a fix-all approach.

Credit repair companies are staffed by financial or crediting experts. They spent every day negotiating with various creditors and credit bureaus, so they know exactly who to contact and what channels to use if you want to dispute an item on your credit report. They also know exactly what to look for.

For instance, you might be boggled at the number of items on your credit report. A credit repair agency can scan that list and find areas where there might be incorrect information or places where you can quickly improve.

Another good analogy is to liken them to a tax specialist. You can file your taxes yourself. But tax specialists have college degrees qualifying them to look at tax forms and find you tax breaks that you would otherwise miss.

So many people use tax specialists to net a greater return at the end of the year. You should look at using a credit repair agency the same way.

Are Some Credit Repair Companies Illegitimate?

Yes. Some credit repair agencies are actually scams or may not be legitimate business entities. There are some ways in which you can spot these scams, however, including:

  • if the agency doesn’t inform you of your rights – specifically, they should provide you with a written disclosure called “Consumer Credit File Rights Under State and Federal Law
  • if they don’t put your agreement in writing. Never trust any financial organization that relies on word-of-mouth for their agreements
  • if they demand payment before doing any work – this is explicitly illegal
  • if they can remove any legitimate or accurate information from your credit report
  • if they swear or “guarantee” that they can increase your credit score by a set amount. No credit repair company can provide guaranteed results; they just increase the odds of you improving your credit score over time and can possibly provide some benefits

Aside from all these bad signs, you can also check out the customer reputation or history of a credit repair company through resources like the Better Business Bureau or our guide. See what other people have to say before forking over some cash.

All in All, is Credit Repair Worth the Money?

Overall, credit repair companies can be worth your time and money. But you shouldn’t expect them to magically repair your credit score alone. In fact, we’d recommend working on your credit score through DIY measures in conjunction with the services a credit repair agency can provide.

This will put extra pressure on your credit score and help you maximize the improvement you can make in a short period of time. Credit repair companies can also sometimes save you time that you might otherwise have to spend investigating your own credit report or negotiating with creditors and credit bureaus yourself.

However, if you’re strapped for cash, there’s no reason why you can’t improve your credit score by yourself. Again, everything credit repair agencies do, you can do yourself, and almost always for free. Consider your budget and any debts you might need to pay off before paying for a credit repair company.

What Other Measures Improve Credit?

There are lots of ways you can “DIY” your credit repair efforts and find debt relief.

The most obvious of these is paying off your debts and making payments to your credit cards and other debt obligations on time. This will slowly but surely drag your credit score back up into the positive numbers. However, this takes a lot of time and you may need to eliminate negative items before you can see real growth.

To that end, it could be helpful to look into credit repair software. These software solutions can cost several hundred dollars, but they let you look into your own credit reports and provide you with several of the same tools, letter templates, and lists of things to look out for that credit repair companies already use in a professional context.

It’s essentially an automated assistant to help you do the credit repair company’s job, but on your own time. You still have to negotiate with the creditors yourself, of course.

You can also look into credit counseling, which may even be free if you find someone to help you from a nonprofit organization. You have to be careful about scams just like with credit repair agencies, though.

Credit counselors are essentially financial specialists that can review your free credit reports and help you figure out a credit repair plan. They don’t negotiate with creditors for you but give you insight into your problems and possible DIY solutions.

When it comes to managing your debts, you can consolidate lots of your high-interest debt into a low-interest loan through debt consolidation. Our guide on debt consolidation can tell you more; it’s a great way to increase your credit score and make lots of debt significantly easier to manage.

Debt settlements are an option, too. Settlements relieve you of existing debt by deleting charges like late fees and the like. But be careful when using these, as they may show up as charge-offs or otherwise hurt your credit score in the long run.

Does Paying Off Collections Improve Credit?

Debt collection accounts are credit report entries that show that you defaulted on a previous debt or loan. Your creditor eventually sold the loan to a collection agency or a debt buyer, who is now more than likely trying to collect your debt with frustrating persistence.

Naturally, collections debts and their associated accounts are extremely bad for your credit score. However, paying off collections doesn’t directly increase your credit score; it just stops more negative items from accruing over time.

How Can You Raise Your Credit Score By 100 or 200 Points?

Remember that building credit takes a lot of time. Credit bureaus usually only collect the payment information that they use to build their scores once a month. This means that your score will only update once a month, and not by very much.

Raising your score by 100 or 200 points (or even more) is likely to take you several months, even with more aggressive credit repair efforts. However, the best ways to raise your credit score significantly include:

  • paying all recurring payments on time
  • paying off debts procedurally and aggressively
  • not taking on additional debt
  • not opening new credit cards
  • closing credit cards or credit accounts you don’t use
  • eliminating negative items on your credit report

Doing all these things, with or without the help of a credit repair company, will go a long way toward progressively raising your credit score over a couple of months.

How Long Do Closed Accounts Remain on Your Credit Report?

It depends on whether the account was in good or bad standing with the credit bureau in question. Most credit bureaus remove any closed accounts after 10 years if the accounts were in good standing. They remove accounts that were in bad standing (i.e. with a history of late payments) 7 years from the date of the account’s closure. All this is to say that your closed accounts can still affect your credit score positively or negatively for a long time, so treat every account you open carefully.

What Credit Score is Acceptable for Buying a House?

Technically, you can buy a house with any credit score. Your credit score just affects the types of loans you might be approved for. Lower scores usually lead to lenders giving you loans with high-interest rates and extra fees. The reverse is true if you have high credit. 

In most cases, those with credit scores of 700 or above will enjoy excellent loan options. If you have a credit score in the 600s, you’ll likely have to deal with subpar loans. Anything below 600 and you may not be approved for a home loan at all – beware of scammers or bad mortgage deals if someone claims otherwise.

Is It Better to Use a Credit Repair Company or DIY Methods?

Ultimately, neither option is specifically better than the other. Credit repair companies have significant advantages that include:

  • the expertise of individuals who know what they’re doing
  • relieving you of the time and effort needed to fight for a better credit score
  • the advice of professionals who can tell you what to work on first
  • and so on

However, your credit score is your own responsibility and you shouldn’t shy away from taking some DIY steps to build your credit back up to a high score. We’d recommend using a credit repair company to some extent if you can afford it while also working proactively on your own credit repair efforts.

Credit Repair FAQs

How Much Does Credit Repair Cost?

This can vary dramatically from company to company. Most credit repair agencies will charge you around $70-$150 every month depending on how many actions they take. Remember that any legitimate credit repair company won’t charge you an upfront fee unless they fully onboard you into their services or make some progress with your report. If they ask for money before doing anything, like if they approach you unprovoked, they’re likely a scam.

How Long Does it Take to Repair Credit?

With or without the help of a credit repair company, it’ll take you between 3 to 6 months to repair your credit from a low (400-500) score to a middling to high (600-700) score, if you’re aggressive with paying your debts and use the help of a credit repair company. Of course, this timeframe can vary based on how many negative items you need to handle. Those with only a few errors might be able to repair their credit in as little as one month.

Can Credit Repair Companies Guarantee Credit Improvement?

No. If they do, they’re likely trying to scam you. Remember, a credit repair company could look at your credit report and find no item they can directly affect or contest, meaning they’d be no help to you at all.

Does Paying Off All Debt Immediately Fix Your Credit?

Not entirely. Paying off all your debts as fast as possible (or immediately if you get a sudden lump sum) will have a positive effect on your credit score. But some negative items, like bankruptcies or loan defaults, stay on your credit report for quite some time. It doesn’t immediately boost your score into the 700s if you eliminate all your debt.

Summary

All in all, credit repair companies can be valuable tools in your kit when you need to repair your credit and overcome your debts. If you have bad credit and don’t attempt to responsibly fix it, further problems could arise.

If you need to borrow, for example, you could be stuck with a bad credit loan. While there are some bad credit loans with guaranteed approval, their interest rates are far from ideal.

At the same time, credit repair companies aren’t magical miracle workers. Keep your expectations in check, look for and use credit repair companies wisely, and be prepared to do some legwork yourself. You’ll be well on your way to repairing your credit score.

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on TheTokenist.io. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

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Credit Repair Companies

Why Did My Credit Score Just Drop? 6 Common Reasons

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Your three-digit credit score can be the difference between being approved for a new financial product with strong terms versus being stuck with sky-high interest rates — or worse, denied altogether. So it can be incredibly frustrating when you think you’re doing well financially, only to find that your score has dropped.

Credit scores function as a snapshot of your credit history that helps lenders — and often landlords — determine how much risk you pose as a borrower or renter. The better your credit score, the lower your interest rates and larger your credit limits will be, while the opposite is true the lower your score is. But credit scores also frequently change, and sometimes not for any obvious reason.

“Scores fluctuate all the time depending on how the information in your credit history is evolving and changing,” says Rod Griffin, senior director of consumer education and advocacy at Experian.

Here are the six most common problems that can lower your credit score, according to Griffin:

1. You’ve missed payments

The most common reason that peoples’ credit scores have dropped is because they missed a payment, Griffin says.

“If you’re unable to pay a debt as agreed, it’s going to have a negative effect,” he says.

Missing payments are reported to the major credit bureaus once they’re 30 days overdue, so it won’t impact your credit score if you make the payment a few days late (although you will probably have to pay late fees). But if you don’t make at least the minimum payment after 30 days, it can seriously damage your credit score: According to credit damage data from FICO, a person who has otherwise never missed a payment could lose over 80 points after missing a payment for over 30 days and another 50 points after 90 days.

That’s why it’s important to at least pay the minimum required amount each month when the option is available, even if you can’t afford to pay off your entire balance. While you ultimately will need to pay the full amount in order to avoid having a high credit utilization rate (more on that later), your payment history is often the most important factor in determining your credit score.

You should also always contact your lender if you’re struggling to meet your mortgage, student loans or car payments in order to avoid defaulting. You may be able to reduce your monthly payments or have the loans placed into forbearance, which won’t impact on your credit score.

2. Your credit utilization rate is too high

Your credit utilization rate is the ratio between how much credit you use vs. how much you have available. The standard goal is to keep your credit utilization rate below 30%. You might have an excellent track record of making payments on time and in full, but if you only have one credit card and you’re using 90% of the total amount, your credit score is still going to suffer.

Griffin advises that borrowers in this situation open up another account and split your usage between the two because “if you’re using your credit well and can keep utilization low on both cards, you’ll likely see scores improve over time.”

But keep in mind that this strategy can also backfire if you can’t keep the utilization low on both cards. Then, you’ll likely end up lowering your credit score because you’ve maxed out your cards and are carrying a high balance each month, leading to a high utilization rate. That’s where making just the minimum payments on your cards may not be enough. You’ll need to pay off more than the minimum amount if you want to lower your utilization rate in order to raise your overall score.

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3. You recently took out a new line of credit

You might’ve seen a drop in your credit score if you’ve recently been accepted for any new lines of credit. The amount your score actually drops will depend on how large the loan is and your overall credit history, but it’s one of the most common reasons peoples’ scores go down, according to Griffin.

It may not make sense at first glance: You had a good enough score to secure a low-interest mortgage loan, so why would it suddenly drop down now that you have it? But from a creditor’s perspective, Griffin says that while you may have good credit history, they have no idea whether or not you’ll continue to make the required payments long-term.

The good news is that if your credit score has taken a dip after being approved for a new loan, once you consistently make payments over the next few months, it will likely rebound or even grow as you build a longer credit history.

One piece of common knowledge about building credit is that your score tends to take a hit whenever a “hard” credit check is run on you, usually when applying for a new line of credit or apartment. But according to Griffin, a credit inquiry alone is unlikely to have a major impact on your overall score — maybe 10 points at maximum.

“You might see your scores dip a bit initially, but inquiries are really the least important factor in credit scores and will have the least impact,” he says.

If your credit score does appear to have taken a significant hit after applying for a new line of credit, then you “have far more serious issues causing your scores to drop than that inquiry,” Griffin says.

Consider when the last time you checked your credit score was and your entire credit history before worrying too much about how much one application might affect your score.

4. You recently filed for bankruptcy

It might seem like a no-brainer, but yes, declaring both Chapter 13 and Chapter 7 bankruptcy will absolutely have a direct effect your credit scores.

“Declaring bankruptcy means your scores are going to drop a lot,” Griffin says. That’s because when you file for bankruptcy, you’re essentially telling creditors that you’re a major credit risk in exchange for wiping out debt that you’ll never be able to pay back. If you file for bankruptcy with a good credit score, you could see your credit score drop by more than 200 points.

Getting your credit score back up after filing for bankruptcy will take a lot of time and effort, but after seven years the bankruptcy will be removed from your credit report and you’ll be able to get approved for more credit-building financial products.

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5. You’re looking at a different credit score than usual

The credit score you access through your bank may not be the exact same as another provider, even if you look at them on the same day. If your credit score appears to have taken a hit, you’ll want to make sure that you’re looking at the same score as usual.

The two major consumer credit scoring companies are FICO and VantageScore; while they both use the same 300 to 850 scale for generating scores, the way those scores are calculated can be different. For example, VantageScore factors in items like your “pattern of behavior” (i.e. putting in effort to pay off an existing card balance over time) while FICO scores do not. But even within one scoring system there can be discrepancies between your score, depending on which scoring model is being used.

“It’s critical that you know what score you’re looking at. Not just if it’s a FICO score, but is it the same FICO score as the one you’re used to,” Griffin says.

For instance, a typical FICO score has a score range between 300 and 850, with 850 being the best possible score. But a lender for an auto loan will often use the specific FICO Auto Score, which goes up to 900 points, so your score could appear dramatically different on that report when you’re preparing to buy a car.

6. You’ve been a victim of fraud

If none of the above applies, but your score has dropped significantly, then you may want to take a good look at your full credit report for any suspicious activity. Purchases you don’t remember making, loans taken out in your name and maxed out credit cards you never signed up for are major red flags of identity theft.

“Someone maxing out a fraudulent or stolen account could certainly affect your credit score,” Griffin says. “That’s why we always encourage people to check their credit histories regularly.”

Unlike most of the other reasons that your credit score might drop, if you’re a victim of identity theft, you will be able to remove the activity that’s hurting your score from your credit report. But it’s better to catch suspicious activity sooner rather than later in order to avoid spending hours trying to verify the legitimacy of every item on your report.

Enrolling in a free credit monitoring service like those offered by Experian and Credit Karma can help you catch and protect yourself from fraud.

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More from Money:

7 Easy Ways to Improve Your Credit Score Right Now

FICO vs. VantageScore: The Difference Between the Credit Scores and Why It Matters

Does Student Loan Debt Affect Your Credit Score?

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Credit Repair Companies

Best Credit Repair Services – Which One Will Work In Your Best Interest 

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A credit repair can remove negative marks from your credit report, so you can buy a house or a car you’ve set your heart on.

With so many credit repair companies out there, how to choose the best one for you?

Because I recently needed help from a credit repair company, I talked with my friends and did countless hours of research. I’ve narrowed it down to the top five best credit repair companies, and here’s what you should know about each one.

Top 5 Best Credit Repair Companies

  1. Credit Saint – a highly reputable company offering an initial free consultation 
  2. Lexington Law – offering all sorts of legal advice and support
  3. The Credit People – with a low-fee trial week offer
  4. Credit Repair – a variety of packages to help you clean up any negative score
  5. Credit Firm – offering a legal audit of your credit reports

Our Top Picks

1. Credit Saint

Credit Saint has an A+ rating from the Better Business Bureau. This credit repair company was founded in 2007, and since then, it has helped thousands of customers improve their credit scores.

What makes them stand out is that they offer a free consultation to talk about your credit score and identify any negative points. You’re under no obligation to pay for this service. 

If you choose to continue working with Credit Saint after the consultation, they will contact the major credit bureaus on your behalf –  just to remove any inaccurate information from your credit report.

Credit Saint is an aggressive credit repair service, but they’re aware that different people have different needs. That’s why they offer three service packages:

       Credit Polish is their basic package and includes five challenges of negative items per cycle, free score analysis, challenge identity theft, charge-offs, challenges to 3 credit bureaus, and a credit score tracker.

      Credit Remodel includes everything as the Credit Polish package, and some additional services, such as ten challenges of negative items per cycle, credit Experian monitoring, escalated information requests

and the challenges, such as bankruptcies, late payments, repossessions, and charge-offs.

       The most aggressive package available: It includes everything as the previous two, plus an unlimited number of challenges of inaccurate items, cease and desist letters on your behalf, and judgment disputes.

Credit Saint bought me with their free credit consultation, hundreds of positive user reviews, and because they charge less than other companies, but offer more services.

Pros:

  • 90-day money-back guarantee
  • Three packages at affordable rates
  • Online sign-up
  • Online account for tracking Credit Saint progress

Cons:

  • Not available in all states

>>> CLICK HERE to check out Credit Saint TODAY

2. Lexington Law

If you need legal help, Lexington Law might be the one for you, as this is a real law firm. 

It was founded in 1991, so it’s the credit repair company with the most experience in the US. Lexington Law has had 10,000,000 negative items removed from their client’s credit reports in 2017 only.

This credit repair service employs lawyers and paralegals that use specific laws to protect your credit score. They do this by obtaining a copy of your credit reports and finding what’s bringing your score down.

Then, they send disputes to challenge the inaccurate items. What I liked is that they’ll give you an online dashboard, so you can track what’s happening with your credit score every step of the way.

Lexington Law will assign you your own rep, usually a paralegal. You can schedule an appointment with your rep even beyond business hours, which comes in handy if you’re very busy.

Same as other credit repair services, Lexington Law offers three credit repair packages you can choose from.

        This is their most affordable package, and it includes challenging negative items from three major credit bureaus and creditors.

       Concord Premier package includes everything as the standard package, as well as the removal of hard inquiries, TransUnion alerts, and score analysis.

      The most expensive package Lexington Law offers includes services such as identity theft protection, personal finance tools, cease and desist letters, and FICO score tracker.

Pros:

  • Online customer service
  • Free credit report consultation
  • Online dashboard for following the progress

Cons:

  • No Better Business Bureau accreditation 

>>> CLICK HERE to check out Lexington Law TODAY

3. The Credit People

If you’re looking to try out a service without making a commitment, then you should consider The Credit People.

You can pay $19 to try out this credit repair agency for one week. If you like it and want to continue with them for longer than a week, you can choose between two membership credit repair services:

a monthly fee or a flat-rate membership for six months.

Both credit repair services include:

  • $19 fee for the first week
  • Debt inquiry and validation
  • Communication with creditors
  • Unlimited number of credit disputes
  • 6-month satisfaction guarantee

The Credit People claim to have removed about 1.5 million negative items from their customers’ credit reports. While no credit repair service can guarantee that you’ll improve your credit reports, The Credit People’s website claims that they have helped their customers’ credit reports increase between 55 and 187 points.

The reviews we checked especially praised their customer service and the fact that once you sign-up, you get a personal online account, which is accessible from any mobile device or a computer.

You’ll also receive notifications, so you’ll know right away if something changes in your credit repair account.

Pros:

  • FCRA certified consultants
  • Toll-free customer support
  • Account accessible at any time

Cons:

  • No financial management tools

>>> FIND OUT more about The Credit People TODAY

4. Credit Repair

The appropriately named Credit Repair, since 2012, the agency has removed 1,800,000 harmful items from the client’s credit reports.

After a user signs up, Credit Repair charges them $14.99 to check their credit report to identify invalid, confusing, and misleading information on it.

Next, the Credit Repair team creates a custom credit repair plan to remove all the negative items and help your credit scores.

All legitimate credit repair companies work on the same principle, and that’s to offer their customers several packages. Credit Repair offers three packages:

This is the most affordable option. It costs $14,94 to sign-up, and there’s a monthly fee, one of the cheapest in the credit repair industry.

If you have a few negatives in your credit history, this could be the best credit repair option for you, as the package includes 15 credit challenges and 3 creditor disputes monthly.

This package includes:cease and desist letters to creditors, $25,000 worth of Identity theft protection, 24/7 credit monitoring, and six interventions to three credit reporting bureaus.

Apart from containing everything the first two packages do, this premium one also includes:

$1 million in identity theft insurance, personal finance tools, 19 negative items challenged, and a monthly FICO score.

Pros:

  • Free consultation
  • Available online and has iOS and Android apps
  • 50% discount if your friend or a family member signs up

Cons:

  • Lack of clarity on who are their experts

>>> FIND OUT more about Credit Repair TODAY

5. Credit Firm

Like most credit repair companies, Credit Firm also offers a free consultation, including a review of your credit history and a step-by-step action plan that’ll help you improve your credit score.

Credit Firm is a highly reputable company that has been around since 1997, founded by a group of attorneys. 

What you may like best about them is that they offer something no other services in the credit repair industry do — a legal audit of your credit reports by a licensed attorney.

Not only will an attorney review your credit report, but also all documents the company sends to creditors for you.

While other credit repair services offer two to three credit repair packages, Credit Firm offers only one credit remodel package. 

In this package, you get an unlimited number of disputes a month, which is a fantastic deal seeing how other credit repair companies often limit or raise their price as the number of disputes increases.

Pros:

  • Toll-free customer service available 24/7
  • Highly rated by Better Business Bureau
  • No upfront fee

Cons:

  • No debt settlement service

>>> FIND OUT more about Credit Firm TODAY

How Do You Pick The Right Credit Repair Company?

There are several factors you should consider when choosing credit repair companies.

1. Reviews and Complaints

Always check the reviews and complaints from sources such as:

  • Better Business Bureau
  • Consumer Financial Protection Bureau
  • Google reviews

Pro tip: Don’t check the reviews on the direct website only, but go on third-party websites as well to make sure the reviews you’re reading are authentic.

2. Services Credit Repair Companies Offer

The majority of credit repair companies have tiered packages, which offer different services. 

The most important things you should take into consideration are:

  • The packages offered
  • The number of disputes per month
  • Monthly fee
  • If there’s credit monitoring
  • Identity theft insurance
  • Credit repair software
  • Goodwill letters asking creditors to remove negatives items sent to credit reporting agencies

3. X Day Money-Back Guarantee

The Credit Repair Organizations Act doesn’t allow credit repair companies to guarantee results. 

But, the Credit Repair Organization Act doesn’t prohibit companies from usually offering a 90-day money-back guarantee if there aren’t results after a certain time period. 

My two cents: legitimate companies should offer a money-back guarantee, which is why I gave these companies an advantage when choosing the one for me.

4. Cancellation Policy

Choose a company whose cancellation policy is free and available at any time.

Did you know? All credit repairing agencies are under obligation to tell the truth about their services.

You, as a customer, are entitled to a mandatory cancellation period, which is the first three days.

If you believe there’s a scam, you can contact the Consumer Financial Protection Bureau, and they can help you.

What Is the Best Credit Repair Company for You?

A credit repair company will help you recover your credit score so you can finally get that purchase you’ve been thinking about. Moreover, you can get financial guidance so that you never end up in the red. 

All of these companies are legitimate, successful, and can help you get a better credit report, but my recommendation is Credit Saint. It’s trustworthy, it has great customer reviews, and most importantly, it has three packages suited to everyone’s needs.

Plan for a better future, and contact a credit repair company that best fits your needs today. And don’t forget to share your experience in the comments below. 

>>> TRY Credit Saint TODAY (CLICK HERE) 



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Credit Repair Companies

Sky Blue Credit Repair Review (2021): 🔎 Fees/Service/Results Analyzed

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All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

Looking for the best way to improve your credit? The process can seem overwhelming and full of headache, with a lot of time wasted and little progress made.

Luckily however, there are legitimate options that can raise your credit without much work. A number of people are turning to them now, more than ever.

With the effects of COVID-19, more people are looking to increase their credit scores to secure better credit and loan rates. This is so much the case that the credit repair industry is expected to boom by 2025. At the same time, BEA findings suggest consumers are becoming more thoughtful about how they spend their money, likely because they have either already lost, or are worried about losing, their jobs.

Essentially, we want more bang for our buck.

Unfortunately, the increase in demand for credit repair services will also bring an increased amount of fraudulent cases — so how can you recognize the frauds?

Sky Blue Credit Repair is a leading credit repair company, with a strong track record of helping customers get fantastic results.

In this review, we’ll go through what exactly Sky Blue Credit Repair can do for you. We’ll also highlight all the pros and cons, and outline how much you’ll have to pay for the service. ⏬

Sky Blue Credit Repair is a leading credit repair company. The customer service team is consistently raved about in reviews. The firm offers a clear pricing structure, and legitimately offers the best value in the credit repair industry.

Fast Facts

  • Fees: $79 per month
  • Highlight: A simple, transparent structure with high value
  • Best for: Those looking for a customized service

Company Rating

  • Fees: 9/10
  • Communication: 9/10
  • Dispute Process: 9/10
  • Customer Service: 9.5/10
  • Credibility & Trust: 10/10
  • Overall: 9/10

What is Sky Blue Credit Repair? 🔵

Based in Boca Raton, Florida, Sky Blue has been around since 1989 offering customers a credit repair service. Sky Blue Credit Repair is known to be one of the leading credit repair companies, with very few competitors able to come close to its offer.  Customers across 50 states, looking to repair, build, or develop their credit reports can benefit from Sky Blue Credit Repair.

Sky Blue Overview & Summary

Sky Blue Credit Repair is defined by several key points, which we’ve rounded up to the top six:

  1. Sky Blue helps clients to raise their credit score by analyzing their report and correcting any inaccuracies or incorrect information that may be on it. 
  2. According to Sky Blue Credit Repair, you can start the process of repairing your credit for an initial fee of $79, and then $79 per month. Couples can get a discount price of $119.
  3. Sky Blue Credit negotiates with your lenders or disputes up to 15 items on your report per month.
  4. Customers can expect a knowledgeable customer service team, and a 90-day guarantee, something that is unique in the industry.
  5. As the effects of the pandemic continue, customers should know how to recognize potential scams.
  6. There are some key questions you should ask yourself before hiring a Sky Blue Credit Repair, like what is your budget, and if you’ll likely need additional services.

How Can Sky Blue Credit Repair Help? 🆘

Sky Blue Credit Repair helps clients raise their credit score by correcting any inaccuracies or incorrect information that may be on their credit report. If any exist, raising your credit score will be almost impossible, even if you’re doing your damn best to be the ideal consumer.

Sky Blue Credit Repair helps you remove any incorrect info from your credit report.

Sky Blue will request copies of your credit report from three major credit bureaus including, TransUnion, Equifax, and Experian. The company will then go through every word in every sentence to ensure the report doesn’t include anything that can’t be confirmed or verified.

Should anything of the sort exist, Sky Blue will work with you to communicate the discrepancies to the relevant authorities. In it, the letters will highlight particular information that needs to be removed from the report.

What are the Pros & Cons of Sky Blue Credit Repair? 📜

We’ve created a list of the best and worst of Sky Blue Credit Repair:

Pros

  • Knowledgeable and professional customer service
  • Incredible value when compared to the competition
  • Track record of getting results
  • Fast processes
  • Handles the work for you
  • Individual, personalised communications
  • No upselling

Cons

  • It’s always possible to pursue DIY credit repair instead of paying a company to do it for you – but if you have bad credit and want to pay for credit repair, there’s little downside with Sky Blue

What Are Sky Blue’s Fees? 💳

So, how much does Sky Blue Credit Repair cost? And is it worth it to get better rates on your debt consolidation loan.

According to Sky Blue Credit Repair, you can start the process of repairing your credit for an initial fee of $79, and then $79 per month. Couples can get a discount price of $119.

Importantly, there’s no upselling or hidden fees with Sky Blue. This factor sets them apart from the competition.

Sky Blue also doesn’t charge any extra fees for credit reports or monitoring. Before, customers were charged a fee of $39.95 per credit report they pulled from each of the three-bureaus, or a monitoring service fee of $14.95.

💡 Keep in mind: You will more than likely need several report pulls throughout a credit repair process, if only to observe any potential changes in your FICO score.

How Does Sky Blue Credit Repair Work? 🔍

To start the process with Sky Blue Credit, fill out the enrollment form on the Sky Blue website. To register you will need to fill in the following information:

  • Your name
  • Street address
  • Phone number
  • Email address

First off, an agent will speak to you to determine what areas you want to focus on in your credit report. Then it will get your credit reports and begin a line-by-line review. The company has the experience to notice even the smallest discrepancies that could be affecting your credit. 

Sky Blue credit uses the information from its review to devise an action plan that will hopefully result in an increased credit score. The company also offers some ways you can start seamlessly rebuilding your credit with software.

How Sky Blue’s Credit Repair Works 🤔

Sky Blue Credit negotiates with your lenders or disputes up to 15 items on your report per month. The company utilizes its legal tools to argue for the removal of the items. Each month, the company will begin the process for the removal or correction of information in your report until you are satisfied that your credit report is at a fair standard.

Sky Blue also offers a 35-day dispute cycle.

In addition, Sky Blue will send you tips on how to monitor your credit, to raise your credit score yourself, including ways you can begin raising it naturally. 

Interested in credit monitoring? Get started with the top credit monitoring services.

Where Sky Blue Credit Repair Shines ⭐

Now that we’ve gone through the major aspects of Sky Blue Credit Repair, we’re going to go through what makes Sky Blue really stand out. 

1. Responsive Customer Service ☎️

“Let me just say how awesome your customer service department is. They handled everything, answered all of my questions and got me pointed in the right direction. Your credit repair company is the gold standard!” – R.H.

“Thanks again for helping me repair my credit. Everything has been amazing and I’m really looking forward to seeing more results.” – H.J.

The sky blue customer service team is both knowledgeable and responsible. Quite impressively, the firm holds an A+ rating with the Better Business Bureau (BBB).

The BBB offers opinions on how a company will most likely interact with its customers. The company takes and uses information from business and public data sources to assign a rating from A+ (highest) to F (lowest).

Many reviewers have reported the company as being up-front when it believes the customers credit report wouldn’t benefit from a professional look.

With these cases, Sky Blue recommends additional steps the customer could take to improve or alleviate the current credit concerns they have (free of charge).

Finding a company that helps people, regardless of profit, is a rarity.

Lastly, one other thing on this topic that caught our eye: Sky Blue is known to call customers to let them know they will no longer need to pay, because it has finished its work.

2. 90-Day Guarantee 📅

Sky Blue Credit Repair’s 90 day money back guarantee will come as a welcome relief to those who are weary about handing over cash to companies at the moment. Especially,  when the industry is expected to boom by 2025, which will no doubt increase credit repair fraud.

If anything, this guarantee only proves the company’s reputability. Offering a money-back guarantee in this industry certainly isn’t the easiest thing to do. And for good reason: Credit repair is so individual and personal for person to person.

Essentially, for a company to have the guts to offer this to new customers, it must be confident that it can deal with the most complex credit issues. Sky Blue’s record confirms why it has this confidence. And, 90 days is a more than generous length of time.

Honestly, the 90-day guarantee says a lot. It essentially says that if Sky Blue doesn’t produce results for you, then you don’t need credit repair in the first place.

However, their initial consultation will be enough to know whether or not they can help. If they can’t — they’ll tell you up front, as they don’t want to work for 90 days without any results.

Wondering how much of a refund you actually get within that time period? The company doesn’t just refund the initial set up fee, it refunds all payments made.

😌 Peace of mind: With Sky Blue Credit Repair’s 90-day guarantee, unsatisfied customers will get a refund of all payments made, including the initial set-up fee.

We’re recommending Sky Blue because it’s a beacon of a company in an industry filled with pitfalls.

Sky Blue is a reputable company in the midst of an industry with pitfalls. However, should you have any doubt or concerns, it might bring you comfort to know that you will get a full refund if you’re unsatisfied. This is something that Sky Blue’s competitor’s do not offer.

Now, let’s get onto something a bit less exciting.

3. Sky Blue Does the Hard Work for You 💪

A Sky Blue representative will go through and identify any items that should be removed from your credit report. This is the most time consuming part of the process.

Typically, companies will require that you do this complicated work yourself. Sky Blue however, looks after it for you.

The company is also renowned for identifying smaller, more subtle inconsistencies that may otherwise go unnoticed.

4. Disputes Handled Internally 🤐

Sky Blue disputes with the credit bureaus without any need for your intervention. While it is technically possible to dispute inquiries yourself, it is a difficult and time consuming process. Sky Blue looks after the disputes for you, and will make sure to include your contact information along every step of the way. 

This means that you will receive responses from the credit bureaus directly, for no additional fee. This is far more efficient than waiting on a representative to forward notices on to you.

5. Sky Blue’s Processes Are Fast 💨

There’s no denying it; Sky Blue works at a strong pace. The company disputes up to 15 inquiries per month. That’s nothing to be sneered at!

This is one of the quickest credit repair processes out there. That said, it finds the right balance of communication with the bureaus because too much can have the opposite effect desired and could potentially put you back a few steps.

6. Assistance & Education 🏫

Sky Blue helps customers find ways to improve their reports and give their credit scores a boost. Generally, lenders are looking for specific items on your credit report, including missed payments and delinquencies. Sky Blue will assist you to find these issues, and then they’ll get to work on eliminating them.

While, of course, the content in your credit report should not be overlooked, most financial institutions look at your score, and that’s it. Sky Blue will give you the right advice so that you can take immediate action.

7. Additional Services ⚙️

Sky Blue Credit Repair offers additional services that come as part of the package (at no additional charge. These include: 

On top of credit repair services, Sky Blue Credit Repair offers:

  • Goodwill letters
  • Debt validation
  • Cease and desist letters

8. Customized Disputes ✉️

In a lot of cases, companies send what’s known as “form mail”. This means that every letter sent to the bureau is the same, templated, message, with no differentiating factor from customer to customer.

All correspondence sent by Sky Blue to the 3 bureaus is customized and individual from client to client.

An Alternative to Sky Blue Credit Repair

We’ve gone through the best of Sky Blue Credit Repair. But maybe the firm isn’t what you’re looking for. Read below to see if this applies to you and your unique situation.

It Might Feel a Little Unnecessary

If you have a less than ideal credit score, there are things you can do to help yourself, free of charge. Money’s tight right now, so why should we spend it on something we could potentially do ourselves? 

With more companies on the edge of bankruptcy, we should also be aware that getting lenders to front up the cash for loans could become increasingly more difficult. This could make having a good credit score more important than ever. 

However, some customers might prefer to put in the work and time themselves, especially those of us being more cautious of where our money goes.

Yet if you don’t have the time — or the expertise — but need to improve your credit score, we firmly believe you won’t go wrong with Sky Blue.

How to Notice & Avoid a Credit Repair Scam 🧐

Those of us who do choose to go with credit repair companies should be aware of those too-good-to-be-true advertisements. We’ve all seen them – the ones that promise us a “new credit identity” i.e. a fresh beginning for our credit history. It makes us really wonder (and dream) about whether this will catapult us to great rates. Reality is: it’s a scam.

🔔 Did you know? Consumer complaints to the CFPB have seen dramatic increases in the midst of the COVID-19 pandemic. In March, the CFPX received 29.494 complaints about different types of alleged consumer mistreatment – this number hit a record breaking high of 37.926 by June.

With the credit repair industry expected to boom as a result of COVID-19, fraudulant credit repair cases seem to be already on the rise. In the past few months, complaints to the CFPB have drastically increased month on month.

In March, the CFPB was inundated with 29,494 complaints around varying alleged consumer mistreatment – this number climbed to a staggering 37,926 by June.

Sky Blue Credit repair is a company that doesn’t offer any magic solutions, but rather keeps your expectations clear.

Keep in mind, these too-good-to-be-true companies usually are. A lot of the time, they sell Social Security numbers illegally. If you were to go ahead and use a number that wasn’t yours, you could end up with some hefty fines, or even locked up – it’s that serious.

Signs of a Credit Repair Scam 💳⚠️

Scams catch out so many people for a reason, they’re usually well-thought out, and quite deceiving. But what exactly are the signs of a scam? To help you stay on your toes, here are some ways you can recognize a potential credit repair scam:

 A Credit Repair Company Should Not

  • Insist on being paid before any work is completed
  • Advise you not to contact the credit reporting companies yourself
  • Advise you to dispute information on your credit report – even when you’re sure it’s correct
  • Advise you to submit false information when applying for credit or a loan
  • Be unclear about your legal rights when explaining what they will do for you

What Are Your Credit Rights? ⛔

The Credit Repair Organization Act (CROA) is your best friend in this case. This Act states that it is illegal for credit repair companies to lie about what they can do for your situation, and to charge for work before it’s completed the service/s.

This is enforced by the Federal Trade Commission, and requires credit repair companies to be clear about the following:

  • Give you a written contract that clearly explains your legal rights and details what services the company will complete
  • Outline your right to cancel the service within three days, without a fee
  • Tell you when you should expect to see results
  • Highlight all fees involved, including the overall cost
  • State what exactly is guaranteed
  • Have an easy cancellation policy in place

What can you do if a credit repair company you’ve hired doesn’t do what it said it would? Here are some options to consider:

  • Sue the company in the Federal court to retrieve any fees you paid, or for any losses incurred, whichever is more.
  • Seek punitive damages – money the company has to pay for violating the law
  • Join others in a class action lawsuit against the company. If you win the company is required to pay your attorney fees.

Reporting Credit Repair Fraud

There are two ways to report a credit repair scam: 

  • State Attorney General
  • Federal Trade Commission

State Attorney General ✅

In a lot of states, there are laws governing credit repair companies. If you are unhappy with the service you’ve been given, report it to your state Attorney General (AG) or your local consumer affairs office.

Federal Trade Commission ✅

You also have the option of filing a complaint with the Federal Trade Commission. The FTC can’t resolve any credit disputes for you, but it can take action against the company if it has a pattern of violating the law. 

Complaints can be filed on the FTC website directly or call 1-877-FTC-HELP.

Is Sky Blue Legitimate? 👍

Now that you know what to look out for to avoid a scam, the question remains, is Sky Blue a trustworthy company and should you use them?

Sky Blue ticks all the boxes of a reputable company. It’s credible, it has a track record of positive results, and its pricing structure is clear.

The company really sets itself apart in the following 2 ways that we highlighted earlier:

1 . Professional and knowledgeable customer service

2. 90-day guarantee

As we mentioned, finding a company that offers a 90 guarantee is rare in this industry. Customers of Sky Blue consistently describe the customer service team as: Professional, knowledgeable, friendly, and prompt.

But surely, not everyone needs to use a credit repair company? Right. Here’s a breakdown of who should consider using Sky Blue Credit Repair

Who Should Use Sky Blue? 🤵

To know if you should go ahead and hire Sky Blue Credit, ask yourself the following questions: 

  • What is my budget?
  • Will I need additional services, like identity theft or credit report monitoring?
  • Do I prioritize getting individual service or having a bigger company to look after my account?
  • What do I hope to achieve by using this service?

Is Sky Blue Worth It? 🤷

BEA estimates show that we have less credit card debt and are taking a more cautious approach towards spending. In other words, we are spending less.

Okay look, here are the facts: Credit card debt has decreased during COVID-19. So, you may not need a credit repair company.

In June, the Bureau of Economic Analysis (BEA) released estimates that disposable personal income decreased $911.1 billion (4.9%) and personal income decreased $874.2 billion (4.2%) in May. In other words, credit card debt is down because when you spend less, you spend less. 

At the same time, the BEA found that the U.S personal savings rate was almost two times more in May (23.2%) than in March (12.6). This suggests that many consumers are being more cautious with their money. If this is you, it’s important to make the best decision for you, and your money.

If this is true, you should be on top of all the facts before you invest your money into a credit repair service. Is it really worth it?

Is Sky Blue Worth It
Weigh up all your options before deciding to go with a credit repair company.

Here are some things to keep in mind when weighing the options of using a credit card repair company versus not using one.

Do You Have Room for Improvement? 🚀

If you have bad credit, or multiple issues on your credit report then there is a better chance of raising your FICO score, since more things need to be corrected. If you don’t take action to improve your FICO score, you could be stuck with a bad credit loan should you need to borrow funds.

You also need to think about what expectations you have and how much of an improvement you’re looking for. Look at your credit report and see if there is room for improvement.

It Can Cost Time and Money ⏱️💵

Credit repair companies can only dispute items a few times a month before they are reprimanded by a credit bureau, so if you have a good few items you want corrected, it can take some time, which will cost you.

On the other hand, if you only need to remove a few items then it should be a pretty quick process, which would cost less.

There is No Guarantee Your Credit Will Improve 🙅‍♂️

Any improvements made to your credit will be determined by the credit bureaus, not Sky Blue Credit Repair. For this reason, there is always the possibility that the requested changes will not be approved. Before you go into the process, it’s important to understand that your money might not result in a whole lot of change. 

With this in mind, it might be good to try to read and understand your credit report yourself so you have a good idea of what it entails before making your decision.

How Much Will Sky Blue Help My Credit? ☝️

While the company won’t be able to raise your credit without your help, it is a legitimate company with a strong track record of results.

Once you meet with a Sky Blue Credit Repair representative, they will go through the entire process and how long it should take, your rights, along with what they can do for you. Everything will be explained very clearly before any work begins. 

Is Sky Blue Credit Right for You? 🥇

Sky Blue is renowned for going above and beyond for its customers. It even offers advice to people, free of charge. The credit repair process is quick, affordable, and customers can expect to be communicated with by the credit bureaus directly.

Although we have highlighted the company’s website as being basic, it is something that could be easily fixed, and does not directly impact the service offered. 

With more potential fraudulent activity expected in the industry, customers should know how to recognize a scam, and choose a known and trusted credit repair company. Sky Blue could easily be the best in America.

Sky Blue Credit Repair FAQs

  • How Does Sky Blue Credit Repair Actually Work?

    Sky Blue works by disputing negative marks on clients credit reports with three leading credit bureaus. The credit bureaus communicate directly with you so you don’t need to wait on Sky Blue to forward on any messages. This is a good way of helping those with bad or fair credit get better rates for personal loans.

  • How Can I Get Started?

    To get started, go to the Sky Blue Credit Repair website and fill out the form. This will only take a few minutes.

    When you sign up, you’ll get an email with instructions on how to get them your credit reports. Once you receive the reports, the process will start.

  • How Long Does It Take to See Results From Sky Blue Repair Credit?

    This will depend on several factors, including the number of accounts on your credit report that need to be disputed. How quickly the bureaus respond will play a part, too. In comparison to others though, Sky Blue Credit Repair have quite a quick process.

  • Do They Offer a Guarantee?

    Yes, Sky Blue Credit Repair offers a 90-day money-back guarantee. If you are not happy with the service, you will get a full refund.

    A specific outcome can never be predicted or promised. However, Sky Blue has a record of doing all it can to maximize the possibility of outstanding results.

  • Which Items Will Sky Blue Remove From My Credit Report?

    Understanding what Sky Blue potentially can and cannot remove from your credit report is important. 

    Any debt or legitimate inquiries owed should not be disputed. However, it is required that companies give evidence of the debt owed, or authorised an inquiry. If a company can’t do this, you might be able to get it removed.

  • Will Deleted Items Reappear on My Credit Report?

    On a rare occasion, a negative item might reappear on your credit report. The Fair Credit Reporting Act requires credit bureaus to let you know before a previously deleted listing is re-reported. 

    They also have a window of only 5 days to re-reported a previously deleted item. After this time it is a FCRA violation, which makes it hard for bureaus to re-report items.

  • Which is Better: Sky Blue or Lexington Law?

    Lexington Law and Sky Blue are both great options for helping people to improve their credit score. This will ultimately lead to greater financial access — including access to loans from the leading debt consolidation lenders for example. Do some more research to figure out which is the best option for your personal needs.

    Sky Blue Credit Repair offers a lower monthly price, and excellent service. It also offers a couples discount. Lexington Law has also recently experienced some legal drama, whereas Sky Blue has not.

    The Sky Blue customer service team is also the best in the industry. Customers consistently rave about the professional and knowledgeable team. If you’re looking for the best value offered in the credit repair space, we recommend Sky Blue.

  • How Can I Raise My Credit Score in 30 Days?

    You can seriously ramp up your credit score in 30 days by doing the following

    1. Get your credit report.
    2. Go through your report line by line and identify any incorrect information
    3. Dispute this with the leading credit bureaus.
    4. Pay your credit card balances or consolidate your debt through a leading debt consolidation lender.
    5. Contact the collection agencies.
    6. If the collection agency does not remove the account, do not pay it.
    7. Contact the creditors to eliminate late payments.
    8. Dispute the inquiries.
    9. Become an authorized user.
  • Does Sky Blue Remove Charge Offs?

    Sky Blue Credit Repair can remove the charge off if it is the account is past the reporting period.

  • Does Sky Blue Hurt Your Credit?

    The suggestions and disputes recommended by Sky Blue will result in a better credit report and could improve your credit score. Depending on how many items you need assessed, it could take some time. Sky Blue Credit Repair is known to do it within a few weeks to months.

  • Should I Dispute a Charge Off?

    If there are any inaccuracies about the reporting, you could dispute it with your creditor or ask the bureaus to investigate. Paying a balance will help your credit improve in the long.

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

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