When buying a home or car, your credit score is a key metric that companies use to determine how much money in interest rates you’ll pay. If you have too many negative items on your credit report, it also increases the chances that a company will deny you for a loan altogether.
Although it is possible to repair your credit score by yourself, it takes a lot of time and can be a real frustrating process, especially if you don’t know what you’re doing. That’s why so many people turn to credit repair companies for help.
Credit repair services work on your behalf to remove any inaccuracies in your credit file and identify negative items from your credit that can be challenged such as late payments, charge offs, identity theft, bankruptcies, foreclosures, hard inquiries, and more.
The Credit Repair Advisors reviewed over 20 of the best credit repair companies in the industry and evaluated them on a variety of factors including company reputation, services offered, years in business, success rate, price, and guarantee.
Here are our top choices for the top credit repair services.
Top 7 Best Credit Repair Companies of 2020
#1: Credit Saint – Best Overall Company
Credit Saint is our top choice for the best credit repair company. This credit repair agency has been in business since 2004 and has had an A+ rating at the Better Business Bureau for the past 10 years. Credit Saint is the most aggressive credit repair service in the industry, which is why they’re the top rated company by many independent review sites.
Credit Saint can work with you to remove a variety of harmful items from your credit report including collections, charge offs, late payments, inquiries, liens, foreclosures, bankruptcies, and more.
Here is how credit saint works:
Credit Saint will help you retrieve your credit report and then go over it with you to identify harmful items that are damaging to your credit score. They’ll also analyze your positive credit and provide helpful tips on how you can improve your score by paying certain bills, opening credit, or closing credit.
This consultation is completely free and you are under no obligation to buy anything.
Credit Saint will then contact the three credit bureaus to challenge items in your credit report that you disagree with. The credit bureaus will investigate these challenges and press your creditors to defend the harmful items that you’ve identified.
Credit Saint will provide you with an online dashboard so you can monitor the progress and stay up to speed on what’s going on.
Credit Saint offers several distinct packages, depending on the level of service you need. Here is a run-down of what they offer:
Credit Polish Package – Includes 5 challenges to the 3 credit bureaus per dispute cycle, score analysis, creditor interventions, and a score tracker.
Credit Remodel Package – Includes everything above plus 10 challenges per dispute cycle, inquiry targeting, and Experian credit monitoring.
Clean Slate Package – This is the most aggressive option from Credit Saint, which includes everything above plus unlimited credit agency challenges, as well as cease and desist letters.
With a free consultation, 90 day money back guarantee, and an A+ rating at the Better Business Bureau, Credit Saint is the gold standard when it comes to credit repair.
A+ BBB Rating For The Past 10 Years
Most Aggressive Credit Repair Company
Free Consultation and Credit Score Analysis
Online Dashboard To Monitor Your Progress
90-Day Money Back Guarantee
#2: Sky Blue Credit – Best Value
Sky Blue is one of the best credit repair companies if you’re looking for a flat-rate affordable price and excellent value. Besides offering one of the lowest rates of services in the credit repair industry, Sky Blue Credit offers a 90 day money back guarantee, which is one of the longest in the industry.
After signup on their site, Sky Blue Credit will conduct a personalized analysis of your credit reports and send dispute letters to credit bureaus depending on your report’s specific problem areas. Sky Blue Credit will dispute up to 15 items within a 35 day period and will repeat this process as many times as the client desires, all of which is included in the monthly fee. Plus, services offered by Sky Blue Credit also include debt validation, debt settlement, dispute letters of goodwill, and cease and desist letters.
Unlike many other credit repair companies available today, Sky Blue Credit does not offer multiple credit repair packages featuring different levels of service. Instead, Sky Blue Credit offers a comprehensive list of useful services for a single low monthly fee, making high-quality credit repair more accessible to a wider range of clients.
For one low monthly fee of $79, Sky Blue Credit offers their full suite of services which includes pro analysis of your credit reports, 15 item disputes per 35-day cycle, debt validation, goodwill letters, and cease & desist letters.
Sky Blue Credit provides comprehensive credit repair services to clients looking for a low price and a simple approach. For this reason, Sky Blue is a great fit for anyone looking for cheap credit repair that delivers excellent value for the cost.
No Charge For The First 6 Days
One Flat-Rate Price For All Services
Fastest 35-Day Dispute Cycle Among All Companies
Discounts For Couples
90 Day Money Back Guarantee
#3: Lexington Law – Top Rated Credit Repair Service
Lexington Law has established itself as one of the best credit repair companies for over 30 years. Lexington Law has a team of lawyers and paralegals that analyze your credit reports to spot possible inaccuracies and negative items that can be challenged, including charge offs and late payments.
Lexington Law is a genuine law firm as opposed to a company dedicated to credit repair; this means you will have every possible standard of the law leveraged against credit companies and debt collectors in your favor.
They will perform a detailed analysis of your credit history and pinpoint errors such as misplaced accounts, duplicate accounts, inaccurate accounts, and incorrect inquiries. Then, they will dispute these discrepancies and work with you to find the best legal action to take in order to improve your credit in a manner that lasts.
Lexington Law’s entry package is called Concord Standard and is a great fit for those attempting to rectify an isolated incident with their credit summary as it only includes challenges to the credit institution and creditor interventions.
The Concord Premier package, however, offers bureau challenges and creditor interventions as well as InquiryAssist services, in-depth score analysis, ReportWatch technology, and TransUnion alerts.
For an even more advanced and detailed approach, the PremierPlus package includes everything within the previous package as well as personalized cease and desist letters, a FICO credit score tracker, certified identity protection, and personal finance tools to maintain your improved credit moving forward. This is our recommended plan for anyone that has been a victim of identity theft.
Lexington Law’s service packages range from $89.95 to $129.95.
Lexington Law is an exceptional company for those seeking great value and personalized service, especially if you have bad credit. You can rest assured knowing that Lexington Law knows credit and debt law inside and out and can provide you with personalized, in-depth credit repair services.
Free Credit Report Consultation
#1 Rated Credit Repair App
Real Law Firm With Over Two Decades of Experience
10 Million Items Removed Since 2017
#4: CreditRepair.com – Best Credit Repair App
With nearly 2 million successful removals of negative items from client credit reports since 2012, CreditRepair.com is a clear leader in the credit repair industry today. CreditRepair.com boasts a relentless approach when it comes to challenging incorrect information on client reports and getting fast results.
In order to clear your report of negative items and improve your credit score, CreditRepair.com performs a comprehensive 3-step process.
First, your representative will analyze your Experian, TransUnion, and Equifax reports to gain clarity regarding your credit history. Then CreditRepair.com will challenge the negative items on your report by sending letters to the primary credit bureaus. Finally, CreditRepair.com will monitor your reports and repeat the second step as many times as necessary until your report is changed.
CreditRepair.com offers 3 service packages, the standard package starting at $99.95, to suit a wide variety of clients based upon budgeting and specific needs. While the Basic package is recommended for those with one or two negative items on their credit report, the Moderate package is designed for those with a few more negative items to contend with.
For those facing an overwhelming amount of negative or false items on their report or have had their identity stolen, the Aggressive package can provide CreditRepair.com’s most in-depth service.
CreditRepair.com is an excellent site for clients that value on-the-go capabilities and a well-designed, easy to use app for mobile devices. Despite its app-based function, CreditRepair.com offers highly personalized service that rivals other top credit repair companies.
Free Personalized Credit Report Consultation
1.8 Million Removals Since 2012
3 Different Service Levels, Depending on Your Needs
Includes TransUnion Credit Monitoring
#5: The Credit People – Fast Credit Repair
Since 2001, The Credit People have been providing high quality credit repair service and reliable information to clients of all kinds. Designed to service a wide client base, The Credit People provides the option of a pay-as-you-go monthly fee or six month commitment with a flat rate. The Credit People are known for their speedy service as well as tangible results, providing improved credit files for a variety of specific situations.
The Credit People will analyze your credit reports from the 3 credit bureaus and work tirelessly to remove harmful items such as late payments, bankruptcies, foreclosures, charge offs, identity fraud, and much more. You can track The Credit People’s progress at any time with their mobile app, and most clients see an estimated increase of 53-187 points on their credit score.
If you choose The Credit People’s monthly membership option, you can create your account for just $19 and then pay an enrollment fee of $79 for as long as you want to continue service. If you know or suspect that you’ll need credit repair service for at least several months, the six months membership option can save you money at a flat rate of $419 with no hidden work fees and satisfaction guaranteed.
The Credit People can provide high-quality credit repair service to anyone, but those seeking a higher credit score fast will find their speediest results with The Credit People. With unlimited disputes offered through each of their comprehensive plans, The Credit People will deliver noticeable changes in your credit report within just a few months of use.
Access To All 3 Credit Reports
Pay As You Go, Just $79 A Month
24/7 Online Dashboard To Monitor Your Progress
Over 17 Years of Industry Experience
#6: Pyramid Credit Repair – Best Customer Service
Pyramid Credit Repair has been successfully improving credit scores for almost 10 years and has experienced a huge amount of steady growth since its inception in 2011. With a personal case manager handling each individual account, you’ll always have someone in your corner to call on through phone, email, or text with Pyramid Credit Repair.
Pyramid Credit Repair’s approach can be boiled down to three distinct steps. First, the inquiring client will work with a representative to understand all of the factors involved in credit scores and what needs to be done to improve their report. Next, the company will assign you a case manager that will design a plan of action based upon your unique credit history. Finally, this company will rigorously challenge credit companies until all negative items have been successfully removed.
Pyramid Credit Repair is one of the only credit repair companies to offer plans designed for married couples as well as single clients. At $99 per month for the Singles plan (no setup fee) and $198 for the Couples plan, this company offers extremely personalized service with 24/7 access to phone support and the ability to cancel anytime penalty-free.
Based upon high customer ratings and their 24/7 customer service offering, Pyramid Credit Repair is best for those looking for a highly personalized approach with an impressive level of customer support provided. This provider also offers thorough information regarding how your working relationship with your case manager will be structured and exactly what the process will entail.
The major benefits of working with this company includes:
Plans designed specifically for married couples as well as singles
Dedicated account managers to keep personalized progress on track
100% money back guarantee
$99 per month with no contracts
Option for flat-rate price for a commitment of 6 months
#7: Ovation Credit Services – Best Guarantee
Ovation Credit Services is highly regarded in the credit repair industry for its high level of customer support and exceptional cost effectiveness. This company makes a point to build connections with clients and create personalized plans for their specific needs.
Ovation Credit Services has corrected over 120,000 client credit reports with their specialized processes. After a trained credit analyst reviews your credit history free of charge, you will be assigned a personal case representative that works on your behalf to successfully dispute and remove inaccurate items on your credit report. Additionally, your case advisor will keep you updated constantly on the progress of your case.
Ovation Credit Services keeps it simple with the option of two service plans: the Essentials plan and the Essentials Plus plan.
At $79 per month, the Essentials plan includes access to your personal case advisor, disputes for every negative item on your credit report, and a host of financial management tools to help you maintain good credit moving forward.
At $109 per month, the Essentials Plus plan goes farther by including unlimited dispute challenge validation letters, unlimited goodwill letters to creditors, official Ovation letters of recommendation for future lenders, and credit monitoring authorized through TransUnion.
Because of their exceptional money-back guarantee, Ovation Credit Services is a great fit for those that are new to credit repair and are working to glean important information and assistance from a variety of sources. Additionally, clients still shopping around among credit repair companies will appreciate the high level of personalized customer service and privacy that Ovation Credit Services has to offer.
Some of the main perks featured on the Ovation Credit website include:
Free credit consultation offered
Advanced tools for online credit monitoring and identity theft prevention
Education sources for credit report information
A+ Rating From The Better Business Bureau
How Do Credit Repair Companies Work?
In order to fix your credit issues and more deeply understand your credit history, good credit repair companies will analyze your credit reports from each of the 3 primary credit bureaus (Experian, TransUnion, and Equifax).
Though everyone has access to their free credit reports at any time, credit repair experts can help you to better understand the implications behind your credit file and what needs to happen for your score to improve.
Your credit repair service will perform a thorough review of your credit reports to spot errors and negative items that are causing your low credit score. Once these have been identified, the company will work to correct the problems by disputing them with the credit bureaus.
Common credit report mistakes to be corrected include inaccurate personal information, incorrect balances, and errors in data management as well as outdated statements of debt.
Why hire a professional for repairing your credit instead of contacting the credit bureaus yourself? The best credit repair companies will gather evidence and build a convincing case in your favor with their company’s reputability backing up their claims.
Additionally, credit bureaus are legally obligated to respond to credit repair company disputes within 30 days, so you’ll no longer be kept waiting indefinitely for website updates on whether or not the credit bureau has corrected the errors in your report.
Factors to Consider Before Choosing A Credit Repair Service
According to the Credit Repair Organizations Act, companies can’t charge you upfront for services that haven’t been performed yet. Therefore, you should avoid any credit repair service that requires you to pay an upfront setup fee.
However, it’s important to note that most credit improvement services charge a first work fee. A first work fee is typically collected about 7 days from the time you sign up, after some initial work has been completed for you. Make sure you understand how much a company charges for the first work fee before you sign up, as this amount can vary between credit repair companies.
When it comes to legitimate credit repair companies, reputation is everything. Make sure to check out a company’s BBB rating before deciding whether or not to use their services. Although most credit repair companies have a fair to good rating from the Better Business Bureau, some companies that you see online have a terrible rating. You should avoid any credit repair company that has less than a C rating at the Better Business Bureau.
Taking a look at credit repair company reviews is one of the quickest ways to see if a company is legitimate or not. When reading credit repair reviews, look for answers to these questions:
How many negative items were removed from their credit reports?
How long did the credit repair process take?
How was their customer service?
If you’re unable to locate any reviews for a credit cleaning service, that’s a good sign that you should look elsewhere.
Money Back Guarantee
One of the most important things you should consider when hiring a credit repair agency is their money back guarantee policy. Any legitimate credit repair company should have their refund policy easily visible from their website. Some of the best credit repair companies offer a 90-day money back guarantee, while others do not offer a customer satisfaction guarantee.
Make sure to thoroughly read customer reviews and ratings before placing your trust in a credit repair company. Not only will you gain important knowledge about whether or not the company delivers on their promises, you will better understand whether or not the company can accurately fix your specific credit issues.
Number of items disputed per month
Most credit repair agencies decide how many items on your credit report can be disputed per cycle, depending on which of their service packages you’ve chosen. Reputable credit repair companies will tell you honestly how many negative items exist on your report, and therefore how many items you need disputed per cycle, during your initial credit analysis in order for you to make an informed decision on which package is best for you. Make sure you understand the limit your package has on the number of disputed items per month.
On-going credit monitoring
When shopping for a credit repair company, it’s important to choose one that offers on-going credit monitoring. This feature will allow you to stay up-to-date on every change that occurs within your credit report, big or small, even after your service period with the company has ended.
Though a month-to-month payment option may seem more convenient, you can actually save money by paying a flat fee for multiple months at once. During your free consultation with your credit repair company, ask about the differences in package pricing and whether your credit repair needs warrant a more long-term solution or a pay-as-you-go plan.
Free credit score consultations benefit everyone, even those with good credit. A free consultation can provide important insight regarding where you can improve your credit score as well as identify any items that are dragging down your score, including tax liens and late payments. Plus, since these consultations are complementary and low-pressure, you can easily gather multiple opinions from multiple credit help companies commitment-free.
Alternatives to Hiring A Credit Repair Specialist
Credit repair software – Priced between $400 and $600, credit repair software can provide you with useful tools to repair your credit on your own, including letter templates and contact information for the 3 major credit bureaus.
Credit counseling – Credit counselors can review your credit reports for free as part of the credit repair process and help you devise a plan to remove negative or incorrect items. However, this route includes much less one-on-one guidance than a paid credit repair company.
Debt consolidation – Debt consolidation refers to consolidating high-interest debts into lower-interest loans. Though this can lead to a better credit score temporarily, closing too many debt accounts at once can damage your score later.
Are Credit Repair Agencies Worth It?
The best credit repair companies are definitely worth the cost. Although you can repair your credit on your own, is it really worth the hassle? You’ll have to comb through credit reports, write dispute letters, follow up with creditors, and more. This can be a very frustrating and time-consuming process, which is why hiring a credit repair specialist makes a lot of sense.
If you hire a reputable company, you’ll have a team of credit pros on your side that can handle the whole process for you. They have dispute letter templates that have been proven to work, they know who to contact, and they know exactly what to say to the credit bureaus to give you the best possible outcome.
The answer to whether or not credit cleaners are worth it is dependent upon how much you value your time. While anyone can handle the credit repair process on their own, a professional credit repair specialist will save you time, stress, and frustration.
How Long Does It Take To Repair Your Credit?
The average time it takes to repair your credit score is three to six months. This largely depends on if you’re doing it yourself or hiring a credit repair company to manage the process for you.
If your credit report only has a handful of mistakes that need to get fixed, it’s possible that credit repair can be done in as little as 30 days. But if you have a large number of items that need to be disputed or have been a victim of identity theft, the process will most likely take three to six months depending on the severity.
The reason why credit repair fixers can take up to 6 months is because by law, credit bureaus have up to 30 days to respond to each dispute. Additionally, some credit repair companies have a cap on how many disputes they will send per month on your behalf, while others offer unlimited dispute letters. So if you have 20 items that need to be disputed, but your credit fixing company only offers 5 disputes per month on your service plan, it will take 4 months to challenge all the items that are hurting your credit score.
How Much Do Credit Repair Companies Cost?
The typical cost to hire a credit repair company varies between $70 and $130 per month. Every credit repair company has their own pricing model and it’s important to understand their cost structure before hiring them.
While most of the best credit repair companies have a flat-rate pricing structure, some offer a pay-for-performance model that charges you for each item that is deleted from your credit report.
The pay-for-performance model can end up being more expensive, as these companies will charge you for each credit bureau they are able to remove the harmful item from. So if they charge you $50 for 1 item removed, you’ll likely have to pay $150 if they remove it from all 3 credit bureaus. That’s why we always recommend sticking with a flat-rate, transparent pricing model.
It’s also important to note that some credit repair companies have multiple service levels, depending on your unique needs. The higher-priced monthly service plans often have additional perks such as credit monitoring, cease and desist letters, and more disputes per month.
How To Tell If Your Credit Repair Company is Legitimate
While there are plenty of legitimate credit repair companies to choose from, there are plenty of scam artists you have to watch out for as well. According to the Consumer Financial Protection Bureau, here are some common signs of a credit repair scam:
Pressuring you to pay an upfront setup fee
By law, credit repair companies can’t request or receive payment until they’ve completed the services they have promised. Some companies circumvent this rule by using a first work fee, which is usually billed about a week after the project starts. The first work fee covers the work they’ve done in the first 7 days, which usually includes dispute letters and a full credit report analysis.
Guarantees to remove negative information from your credit report
Not even the best credit repair company can guarantee the removal of accurate information from your credit report. Instead, they work to challenge inaccurate, misleading, biased, incomplete, or unverifiable negative items that are hurting your credit score.
Fails to put your credit repair agreement in writing
Before the process to improve your credit score starts, you should receive a written contract from the credit repair company stating the exact services you’ll receive, how much those services cost, and how to cancel.
Avoids explaining your rights to you
If the company doesn’t clearly explain your rights and what you can do yourself for free, this is a warning sign. Disputing errors on your credit report is a legal right under the Fair Credit Reporting Act. As such, it is not required to hire a company in order to clean up your credit score. Any company that claims that you have to hire a company in order to fix your credit is dishonest.
Final Thoughts – Which Credit Repair Company Is Right For Me?
When it comes to credit repair companies, you get what you pay for. Don’t just blindly pick the company with the cheapest services or the one with the best website. Take the time to understand each company’s credit repair options, so you can choose a plan that fits your financial situation. There is no one-size-fits-all solution when it comes to repairing your credit.
If you’re looking for the best credit repair company, you can’t go wrong with Credit Saint. Their credit pros are the most aggressive when it comes to challenging items on your credit report and their A+ BBB rating speaks volumes to their customer satisfaction rates. They also offer an industry-leading 90 day money back guarantee if they’re unable to get any deletions for you within the first 90 days.
If you’re on a budget and looking for the best value, we recommend Sky Blue Credit. Rather than offering multiple packages, they offer all of their services for one low monthly fee. Sky Blue Credit is one of the top ten credit repair companies in the United States and their transparent, affordable pricing is something that separates them from other services.
If you’re looking for a highly reputable credit repair service, Lexington Law is your best bet. They’ve been in business since 2004 and have a large team of paralegals and lawyers that are experts in credit repair. Their service levels are a little more expensive than Sky Blue and Credit Saint, but the results are worth it if you’re willing to spend a little more.
Why Did My Credit Score Just Drop? 6 Common Reasons
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.
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.
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.
More from Money:
Best Credit Repair Services – Which One Will Work In Your Best Interest
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
- Credit Saint – a highly reputable company offering an initial free consultation
- Lexington Law – offering all sorts of legal advice and support
- The Credit People – with a low-fee trial week offer
- Credit Repair – a variety of packages to help you clean up any negative score
- 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.
- 90-day money-back guarantee
- Three packages at affordable rates
- Online sign-up
- Online account for tracking Credit Saint progress
- Not available in all states
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.
- Online customer service
- Free credit report consultation
- Online dashboard for following the progress
- No Better Business Bureau accreditation
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.
- FCRA certified consultants
- Toll-free customer support
- Account accessible at any time
- No financial management tools
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.
- Free consultation
- Available online and has iOS and Android apps
- 50% discount if your friend or a family member signs up
- Lack of clarity on who are their experts
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.
- Toll-free customer service available 24/7
- Highly rated by Better Business Bureau
- No upfront fee
- No debt settlement service
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.
Sky Blue Credit Repair Review (2021): 🔎 Fees/Service/Results Analyzed
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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.
- Fees: $79 per month
- Highlight: A simple, transparent structure with high value
- Best for: Those looking for a customized service
- 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:
- 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.
- 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.
- Sky Blue Credit negotiates with your lenders or disputes up to 15 items on your report per month.
- Customers can expect a knowledgeable customer service team, and a 90-day guarantee, something that is unique in the industry.
- As the effects of the pandemic continue, customers should know how to recognize potential scams.
- 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 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:
- 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
- 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.
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?
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:
- Get your credit report.
- Go through your report line by line and identify any incorrect information
- Dispute this with the leading credit bureaus.
- Pay your credit card balances or consolidate your debt through a leading debt consolidation lender.
- Contact the collection agencies.
- If the collection agency does not remove the account, do not pay it.
- Contact the creditors to eliminate late payments.
- Dispute the inquiries.
- 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.
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Bad Credit1 year ago
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