Most credit repair companies simply file disputes on behalf of their customers, doing very little to address other factors that might contribute to poor credit. Credilife is a standout exception, pairing each customer with their own credit coach for what the company calls a “holistic approach” to improving financial wellness. But this service comes at a cost; Credilife’s fees are among the highest in the industry, and that’s not the only cause for concern. Keep reading to learn why you might or might not want to sign up for credit repair with Credilife.
- Financial wellness services cover more than credit repair: In addition to credit repair, Credilife offers debt management, financial planning, and homebuying assistance.
- Options for small businesses: The company’s business credit program helps small business owners improve creditworthiness and get funding.
- Library of free educational resources: Anyone can access Credilife’s free DIY guides for step-by-step credit dispute instructions.
- Occasionally runs promotional discounts: From time to time, Credilife offers new customers discounts on their first work fees.
- Positive customer reviews: Past customers have nothing but positive feedback regarding their experience with Credilife.
- Pricing not disclosed up front: Credilife doesn’t post its pricing online, which can be a red flag for transparency.
- Extremely high fees: At $299, first work fees are higher than just about any other credit repair company. Monthly fees of $135 are also above average.
- Confusing service options: Credilife doesn’t do a great job of clearly explaining its various service packages.
- Coaches work on a commission basis: Credilife’s coaches make money based on how much they sell, which may influence the recommendations they make to customers.
- Few years in business: The company has only been around since 2017, which isn’t long compared to competitors with decades in the business.
Types of Services
Credilife offers a few types of services tailored to various specific goals. While the company’s standard credit repair package covers a broad range of needs, you’ll also find options for homebuying, student loan debt, and small businesses.
Credit Life Improvement Program
The Credit Life Improvement Program is Credilife’s core personal credit repair plan. While most competitors focus their services around credit disputes, Credilife takes a more organic approach that prioritizes consumer education and addresses many other contributing factors to credit health.
Customers who enroll in the Credit Life Improvement Program start with a thorough one-on-one evaluation of their credit report and financials with a coach. After this initial session, the company mails out a welcome kit that includes the Credit Builder Blueprint, a physical booklet personalized to each customer. This blueprint lays out a step-by-step guide to the individual’s credit repair plan created by their coach.
As you’d expect, Credilife handles credit disputes for any inaccurate information found on a customer’s credit report. But what you’re really paying for is ongoing access to a personal credit coach. The ultimate goal is to repair credit not just by removing inaccuracies but by addressing multiple areas that need improvement with better overall financial habits and an effective debt management plan.
RightWay to Real Estate Program
Oftentimes, prospective homebuyers sign up for credit repair in an effort to improve their credit score before applying for a mortgage. Credilife offers a specific program for those preparing to buy a home, which it calls RightWay to Real Estate.
The program begins with Credilife’s credit repair service but takes a turn once credit reporting errors have been addressed. Credilife remains involved through the homebuying process, helping the customer apply for and secure a mortgage through a preferred lender. The company advertises up to $800 in cash back at closing, which can be put toward closing fees.
Shopping around for a mortgage is one of the most important parts of the homebuying process. Even a small difference in interest rate can translate to thousands of dollars over the life of the loan. There’s no guarantee that Credilife will get you the best mortgage rate; in fact, it’s more than likely that the company makes a commission for every referral they make. Always shop around on your own before settling with a recommended lender.
Student Loan Help
Student loans are a financial burden for many Americans. If you’ve struggled to repay your student debt, your credit score might suffer as a result. Credilife employs student loan specialists who undergo training in specific government debt relief and refinancing options. To take advantage of this service, customers simply need to request a Credilife coach who specializes in student loans upon signup.
Business Credit Program
Credit repair services are a dime a dozen, but Credilife is one of very few companies to offer a program for small businesses. The service works in two parts. First, participants work with a credit coach to build or establish their business’s credit. A funding coach then enters the picture to help secure credit or funding. The process can take anywhere from 30 days to 12 months depending on the business owner’s personal credit and available collateral.
Although Credilife includes outstanding financial guidance with its Credit Life Improvement Program, customers can take advantage of one optional add-on designed for more long-term financial planning.
Most Credilife customers stay with the company for nine months on average. For affordable, long-term financial management, Credilife refers customers to Money Mastery, a third-party mobile app with a more affordable monthly subscription fee. The Money Mastery app tracks spending and helps customers follow a plan to eliminate debt and build wealth for retirement. Coaches are available to answer questions and offer guidance, although the process isn’t as hands-on as Credilife’s program.
Since Credilife bases its services around a personal relationship with a one-on-one coach, customer service might be a bit different from what you’re used to. The company’s central offices are open from 9:00 a.m. until 5:00 p.m. CST with representatives available by phone and email. However, each individual coach sets their own hours and may be available at different times based on request. If it’s urgent, Credilife does provide an option to request a call from the next available coach through its website.
One interesting thing to note is Credilife’s presence on social media. Most coaches are very active on Facebook, and several private credit help groups are open for anyone to join. A live chat powered by Facebook Messenger is accessible through Credilife’s website, which the platform lists as “very responsive” to messages.
With that said, we do have one significant concern about Credilife’s coaches. According to our research, these coaches are actually classified as salespeople, which means they earn a commission based on what they sell to customers. Unfortunately, this can create an environment in which coaches make recommendations based on what will earn them a higher paycheck, not necessarily what’s best for the customer.
The term “credit coach” is a fairly vague title that doesn’t carry much weight in the credit repair industry. A credit coach can be a qualified legal expert or a salesperson with a simple training course under their belt. The easiest way to tell the difference is to ask the company how their representatives are compensated. If they earn a commission, they’re in a sales role.
While most credit repair companies face high volumes of complaints from customers, Credilife is notably absent from this list. The company gets outstanding feedback from past clients on most platforms, accumulating a 4.4-star rating on Google reviews and a 4.69-star average review with the Better Business Bureau (BBB). Credilife has just one complaint on file with the BBB and none with the Consumer Financial Protection Bureau (CFPB).
If you have a complaint about the services of a credit repair company, you can file a complaint with the Federal Trade Commission (FTC) or call 877-FTC-HELP.
Credilife bills on a month-to-month basis and, in accordance with the Credit Repair Organizations Act, doesn’t charge customers until the end of each month. Services can be canceled anytime by contacting customer service before the start of the next billing period. According to Credilife, most customers stay with the company for around nine months.
The biggest drawback to Credilife is its high cost. First work fees run $299, far exceeding every other credit repair company we reviewed. Ongoing fees are also high at $135 per month; while some competitors sell plans in the same price range, most offer a cheaper option for customers on a budget. To its credit, Credilife does occasionally run promotions with discounted initial work fees.
The Money Mastery program is much more affordable at $19.95 per month and can be purchased alongside a Credilife service or on its own. Just keep in mind that this program doesn’t include any credit repair services and is best for long-term budget planning.
The Competition: Credilife vs. Credit Assistance Network
To see if Credilife is really worth its high fees, we compared it to Credit Assistance Network, a competitor with a slightly different cost structure. Credit Assistance Network charges a $179 first work fee, a bit over half what Credilife collects from customers.
But instead of setting a flat monthly rate for ongoing service, Credit Assistance Network bills $50 for every credit report deletion. Since this is a per-bureau fee, an item that appeared on all three reports will cost $150 to have removed. Customers who pay Credit Assistance Network to remove just one item from all three reports every month will have already exceeded Credilife’s monthly fee—and they won’t have any credit coaching to show for it. Credilife is easily the better value.
|Credilife||Credit Assistance Network|
|Services Offered||Credit disputes, debt management, business services||Credit repair|
|Customer Service Touchpoints||Phone, email, client portal, web chat, social media||Phone, email, client portal|
|Monthly Fee||$135.00||Varies by number of disputes|
Credilife’s unique credit repair approach covers more territory than most competitors in terms of overall financial health. It’s hard to find another company that can offer comparable one-on-one coaching. However, the company’s high fees that aren’t disclosed up front make us hesitant, and we’re not quite sold on Credilife coaches’ qualifications. With that said, the company’s free resource center with a credit dispute how-to guide is a great place to go for assistance.
How We Review Credit Repair Companies
Our credit repair reviews are based on a quantitative scoring system that evaluates plan options, pricing, customer opinions, and quality of service. Our method assigns points based on specific criteria in each category, with the most consumer-friendly companies receiving the highest scores. The data we use is gathered through our own research and from third-party sources such as the Consumer Financial Protection Bureau and the Better Business Bureau.
Intel Credit Consultants launches their new website – Press Release
The Secret Behind The Investment Prince’s Rapid Growth
We Interviewed Clodwick Jossurin, the man behind The Investment Prince, who graciously shared his secret to the company’s astounding success.
Why did you decide to start The Investment Prince?
I had spent several years monitoring the e-commerce industry, and I realized a huge gap in the market. There were lots of people out there talking about how you could sell products online. But nobody was talking about how the products should be selected or how to do proper keyword research. That’s when I got the idea for The Investment Prince: to provide a reliable resource for everybody who wanted to benefit from selling their products on Amazon FBA.
What made you think that this was such a significant gap in the e-commerce industry?
To me, it just seemed obvious. Everybody is looking for shortcuts to success, and when it comes to selling on Amazon in particular, there’s this business model of low initial investment and high profit. But it’s not that simple. For someone new to succeed with FBA, they have to know how to choose what products to sell in the first place. They have to know how to do keyword research on Amazon. They have to be aware of the risks involved in selling on Amazon and make sure that they can handle those risks if they’re going to go forward with this choice.
What exactly is your role as CEO of The Investment Prince?
I oversee everything at The Investment Prince. I’m the guy who gets the product or service into place to ensure it works as we advertise it on our site. And I’m the person who goes out and gets people to invest in our company’s future. It’s a very active role, especially as we grow.
And what exactly is The Investment Prince has to offer to its members?
Technically, we have two options. First, we told you that we’re a resource for people who want to prepare themselves to be successful at selling their products on Amazon. And that comes in the form of our membership website. We walk our members by the hand, teaching them to be successful in this business. We also have infrastructures in place ready to serve all of them.
#1 Logistics and warehousing – we warehouse all our clients’ popular products and ship out their orders.
#2 Cutting-edge technology – Our team of professionals has designed our logistics systems that are very efficient and ensuring that orders are delivered to the buyers on time.
#3 Account setup: We help our members set up their Amazon FBA accounts.
#4 Account Manager – We help our members submit orders to Amazon.com
#5 Credit Repair – We connect our clients with a credit repair company that will help eliminate bad business credit reports and increase scores to help them get financing their business.
#6 Business Fundin’: We connect our clients with a company that will help them get the necessary funding for their business.
#7 Product Sourcing and Research: We help our clients source their products by sourcing for them and finding what they want. Some of them come to us with an idea and we find the right product for them.
How did you get enough capital to start up such a company? And who has been your investors?
We’re a privately owned company, so we don’t have investors per se. But we have partners who are willing to do business with us on the condition they share in our profits.
What about your competitors? How do you handle them?
We treat our competitors just like we treat our customers. We take care of their needs, give them the information they need and make sure they know we’re here to help them. That’s what makes people come back to us.
What would you have to say to people who are interested in joining in your business?
I want to let them know that there’s a lot of truth in what you’ve heard. Many people work from home, taking care of their own business instead of being at someone else’s beck and call. There’s no reason for people to live like slaves today. The Internet has made this possible.
If they want to find out more about us, they should visit our website: http://www.theinvestmentprince.com
The Best Credit Repair Companies in 2021: An In-Depth Review of the Top Credit Repair Services on the Market
Having a credit score lower than 600 can make it difficult for you to qualify for loans or find low-interest rates.
When someone with a “fair” credit score gets a car loan of $25,346, he or she could pay around $3,847 more interest than someone with an “excellent” credit score.
Thankfully, credit repair companies can help you in disputing creditors on your behalf. While the credit repair industry has its fair share of scams, there are reliable firms that can help you improve your credit score and eliminate erroneous information from your credit report.
Below, we review the best credit repair companies in 2021 to help you assess which firm best matches your situation.
Our 6 Top-Rated Credit Repair Companies
Best for fast results – CreditSaint
Best personalized service – Lexington Law
Cheapest credit repair service – The Credit People
1. CreditSaint – Best Credit Repair Company Overall
Three credit repair packages
Free consultation via phone
A+ rating from the Better Business Bureau
CreditSaint has been in business since 2004. The company has maintained an A+ rating from the Better Business Bureau, which proves its strong reputation. CreditSaint claims to be the number one company in challenging inaccurate credit data, including the following issues:
If you want comprehensive packages, CreditSaint may be a good choice for you. CreditSaint offers three packages depending on the level of aggression required to remove inaccuracies from one’s credit report. These include:
Credit Polish (Aggressiveness: Medium) – $79.99 / month
This package includes five disputes of inaccurate information per month. You also get an initial credit score analysis and an ongoing credit score tracker.
Credit Remodel (Aggressiveness: High) – $99.99 / month
This plan includes all the features in Credit Polish but with a few extras. Instead of five, you get ten challenges of inaccurate information per month. You may use these to address hard inquiries. This package also includes Experian credit monitoring.
Clean Slate (Aggressiveness: Very High) – $119.99 / month
The “most aggressive” package includes all the features in both Credit Polish, and Credit Remodel with some added features, such as unlimited disputes per month. The company can also send Cease and Desist letters in your name, so creditors will stop hassling you.
2. Lexington Law – Best Company for Personalized Credit Repair
- Easy-to-navigate website
- Long customer service hours
- Mobile application
- You can cancel plans anytime
- More expensive rates
- No money-back guarantee
Founded in 2004, Lexington Law is one of the largest credit repair companies on the list, with over 600 employees. As its name suggests, the company employs experienced lawyers and paralegals. This is a significant advantage because you can get reliable and well-informed pieces of advice from the company staff.
When you hire Lexington Law for credit repair services, the company will assign you a Personal Case Advisor. Your Personal Case Advisor can help you get through the entire process of credit repair. This can be great for those who don’t want to speak with multiple people about their credit woes.
Since 2004, Lexington Law has helped more than 500,000 credit repair clients. The company has removed more than 10 million faulty items from clients’ credit reports.
Lexington Law’s website is easy to navigate. It also contains helpful information that can help you improve your credit score. If you are always on the go, Lexington Law has a mobile app that you can download. You can use the mobile app to check the status of your credit repair wherever you are.
As far as pricing is concerned, Lexington Law’s rates are higher compared to competitors. Lexington Law has three plans, ranging from $89.95 to $129.95 per month.
3. The Credit People – Best Value for Money
100% money-back guarantee
Simple pricing schemes
Discounts for spouses
FCRA Certified Credit Consultants
The Credit People is the smallest credit repair company on this list. That can work to your benefit, though. A small company usually has fewer customers. The downside to this is that we also found fewer customer reviews about the company while doing research.
The Credit People offers a free credit consultation, which you can request online to save time. Their pricing is easy to understand. They have a one-time fee of $19. The monthly plan costs $79. You can cancel your plan anytime you want to. They don’t charge cancelation fees. They also offer a 100% money-back guarantee.
If your spouse wants to sign up, there is a $20 discount on the first monthly fee.
The Credit People provides customer support via email or phone support. The hours of operations for customer support are limited to weekdays, though.
According to their website, The Credit People have eradicated around 1.5 million credit issues in its 15 years of business. The company also claims to have increased credit scores by approximately 53 to 187 points for each client.
4. Pyramid Credit Repair – Best Credit Repair Company for Couples
Pyramid Credit Repair has been in the business for close to 10 years now. Based on our research, Pyramid Credit Repair receives favorable ratings from customers. They have a 4.8/5 rating in Trustpilot.
Pyramid Credit Repair gives its customers a risk-free assessment. You don’t need to pay an upfront fee. If you do decide to sign up with them, Pyramid offers customers a 90-day money-back guarantee. You can request a full refund if they are unable to repair your credit score.
If you decide to sign up with Pyramid, you will have a dedicated Personal Account Manager (PAM). The PAM will guide you throughout the entire credit repairing process and boost your credit ratings.
One of the things that customers like about Pyramid is the Personal Dashboard assigned to them. This is where you can get information on what is happening in your account. You can use your Personal Dashboard to communicate with Pyramid’s personnel.
The cost of engaging Pyramid Credit repair is $99 per month for individuals. The fee for couples is $198 per month. Couples also receive a 50% discount on their first monthly fee.
5. Ovation Credit – Best for Fast Turnaround Time
A+ accreditation from the BBB
No contract required
One-on-one customer support
Personalized dispute options
Ovation Credit is relatively new. Yet, it has an A+ accreditation from the Better Business Bureau (BBB). This is a reassurance that Ovation is reliable and adheres to industry standards.
The company’s website is simple yet intuitive. It is easy to navigate and informative. You can improve your knowledge about credit repair by spending a few minutes on Ovation’s website.
If you’re looking for help repairing your credit rating, you can choose from Ovation’s reasonably priced plans. Ovation’s Essentials Plan costs $79 per month, while Ovation’s Essentials Plus Plan costs $109 per month.
Ovation Credit’s plans don’t need a contract. You’ll get charged on a monthly basis. And you can cancel your subscription if you are not completely satisfied.
One feature that benefits customers who need immediate help is Ovation’s Same Day Service. It is a $25 add-on, but it means that your credit repair process gets fast-tracked. Plus, you can track your account’s progress 24/7 via Ovation’s online portal.
6. CreditRepair.com – Best for Free Credit Repair Consultations
- Excellent Trustpilot ratings
- Free consultation
- Useful mobile app
- Informative website
CreditRepair.com has been in business since 1997. This proves the company’s firm foundation in the credit repair industry.
If you want to get a better idea of how CreditRepair.com works, you can take advantage of their free 10-minute consultation. A CreditRepair.com representative analyzes your credit report. The consultation includes an examination of the three credit-reporting agencies. They will also provide you with recommendations on how you can improve your credit score.
According to CreditRepair.com, clients can get an average increase of 40 points in credit scores within four months in the program. This program includes checking, challenging, and changing the clients’ credit reports.
Another notable feature of CreditRepair.com is how it uses technology to the fullest. Their online portal keeps customers updated on how their credit repair is doing. The company’s website also contains educational articles. You can read them to increase your knowledge about credit repair.
If you are always on the go, you can still check updates on your repair status by checking out CreditRepair.com’s mobile app (iOS/Android app). The company’s mobile app is available to both iOS and Android users.
What sets CreditRepair.com apart from other credit repair companies is its pricing. Instead of a one-month subscription, CreditRepair.com charges customers with a one-time charge. The $14.99 cost is cheaper compared to what other companies charge.
One downside of CreditRepair.com is they do not offer a money-back guarantee. However, you can cancel your plan anytime you want to.
The company has excellent Trustpilot ratings. Out of 552 reviews, 71% of customers gave CreditRepair.com “Excellent” marks.
Credit Repair Company FAQ
What Are Credit Repair Companies?
Credit repair companies target the removal of information that lowers your credit score. Although they suggest that they only remove inaccurate information, this is not always the case. Some companies remove accurate but damaging information from a credit report.
Credit repair is a federal legal activity. It is also legal in almost all states. The only exception is the state of Georgia, where credit repair is a misdemeanor.
Do Credit Repair Companies Guarantee Errors Will Be Removed?
According to the Credit Repair Organizations Act, any company cannot promise or guarantee results. They cannot always remove all credit errors. Be that as it may, credit repair companies can help raise your credit score by a specific amount.
Do These Credit Repair Companies Offer a Money-Back Guarantee?
Not all featured companies in this list offer a money-back guarantee. However, don’t let a money-back guarantee offer get the best of you. While some companies don’t provide this, they have high success rates in challenges and provide comprehensive services to help you.
How Long Does It Take to Repair My Credit?
It takes about three to six months before you can notice progress in your credit. The time frame can be less than that, especially if you annually correct your score or if there are only a few flawed credit information. It can take longer than six months if you’ve never looked at your credit report.
Can I Repair My Credit Reports on My Own?
Yes, you can achieve the same results without the help of credit repair companies. It will just take a lot of time and effort.
Factors to Consider When Hiring a Credit Repair Company
Setup Fee: It is prohibited for credit repair companies to charge fees before working on your behalf. However, some credit repair companies charge initial-work or program fees wherein they work after the sign-up.
There are still top-rated companies that don’t require these fees. Be mindful of companies requiring very large upfront payments because they are violating the Credit Repair Organizations Act.
Money-Back Guarantee: A money-back guarantee is a common feature among top-ranked credit repair companies. When you choose a company that offers a money-back guarantee, you need not worry about wasting your hard-earned bucks on a service that can’t deliver its promises.
Free Consultation: The best credit repair companies won’t force you to sign up for their services right off the bat. Even if you have excellent credit, you can benefit from the free phone consultations that they give.
Customer Service: When you’re paying money for a service every month, you expect excellent customer service. The best credit repair companies have friendly and knowledgeable customer service professionals that can guide you in credit repair processes.
The Takeaway: Are the Top Credit Repair Companies Worth Trying?
If you don’t want to fix your credit issues on your own, credit repair companies can be of great help to save you valuable time. Our top picks, especially Credit Saint and Lexington Law, are a great place to start your search if you’re still unsure who to work with.
You just need to be wary of the company you’re hiring because credit repair scams are quite common. While the best credit repair companies can bring value to the table, some companies may leave you worse off than when you started.
About Sponsored Content
This content was paid for by an advertiser. McClatchy’s newsroom and editorial staff were not involved in the creation of this content.
- Bad Credit12 months ago
All you Need To Know about Bad Credit Scores in 2020
- Bad Credit10 months ago
The General Car Insurance Review 2020
- News7 months ago
Financial Complaints Soared During Pandemic, Reports Say
- Credit Repair Companies1 year ago
How to improve your credit score
- Bad Credit11 months ago
How to Get an SBA Coronavirus Disaster Loan
- Bad Credit1 year ago
Bad Credit? Best Bad Credit Mortgage Refinance Companies • Benzinga
- Bad Credit11 months ago
Bad Credit Payday Loans Online
- News1 year ago
Global Credit Repair Services Market Demand and Status, Forecast 2025 | • CreditRepair.com • MyCreditGroup • The Credit People • Veracity Credit Consultants • TransUnion • MSI Credit Solutions • Lexington Law • USA Credit Repair