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How Dana Chanel Is Creating A Space For More Female Entrepreneurs

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Dana Chanel

Although social media tends to glamorize entrepreneurship, creating a successful business is no easy feat. 20% of small businesses fail within their first year and 50% fail after five years. For women, those figures are even more staggering. Research suggests that compared to males, female business owners experience higher failure rates. Despite these abysmal statistics, Dana Chanel has figured out the secret sauce to success. At 25, Dana is a successful multi-millionaire entrepreneur and the creator of the number one Black-owned online beauty supply store, Curl Bible, and the number one online Christian ministry and mobile app Sprinkle of Jesus. Dana sat down with Forbes to discuss her evolution as a business owner, how she’s propelling other female-led businesses, and the critical mistake that many new entrepreneurs make.

Janice Gassam: Who is Dana Chanel?

Dana Chanel: I got really well known from creating the mobile app Sprinkle of Jesus…it really dawned on me to continue to build businesses that essentially we could duplicate and build out blueprints to offer to other people in our communities to build successful businesses with their families.

Gassam: What sparked your desire to start your businesses and become an entrepreneur?

Chanel: I mean, just one word—lack of. I feel like we’re always trying to find this miraculous idea of why we need to go into business but to be honest, I realized it was a necessity to build a business when I thought about if my mom died today, she would just leave me with bills. That’s when I knew we had to become entrepreneurs and build generational wealth…I had to become an entrepreneur out of necessity, not because I even had a choice…

Gassam: How have aspects of your background like your age, your race, and your gender impacted your business strategy?

Chanel: I feel like people are constantly seeking for answers from people that look like them and maybe have a similar story to give them hope. For me, I am so honored to be a woman, I’m so honored to be a minority, I’m so honored to be all these things…someone who was the underdog and just showing my people how to, and giving them the confidence, the tools, and the actual resources to become extraordinary entrepreneurs…I’m just looking to assist my community. A lot of times, the people in our community are forgotten about. We’re always talking about ‘let’s buy back the block,’ but what about actually building businesses in the block too, so that our money is not leaving the community…we, as the people in the community, can gentrify it ourselves.

Gassam: What are some tips you can offer women of color who are thinking of breaking into entrepreneurship but are afraid or scared?

Chanel: I have no idea why you working a 9-5, with a boss who could care less, that actually has to answer to someone else who does not know you, dictate your destiny. If that does not terrify you, I have no idea what will. I’d 100% rather bet on myself to provide for the family that I know loves me…it’s really about that sense of urgency. Becoming an entrepreneur has to happen now. Why wait for you to get fired and for you to struggle? I would just say go into a business that you don’t have to beg people to support you…building need-based businesses that your community actually needs and it’s not a situation where we’re asking the people of our community to change what they’re spending their money on but more so change who they’re spending their money with. With Jumping Jack Tax, we’ve created a blueprint and give licensing rights to people to build their own mobile tax office. That is a business that is a necessity…everyone has to get their taxes done. To me, going into a business that makes sense and people need it, really isn’t scary. I would just say ‘forget your passion for at least four to five years,’ just like you forgot your passion for your 9-5, just like you forgot your passion for a college degree that ended up not helping you…if you just sacrificed and dedicated to building a need-based business in your community, then you would have a solid foundation and the funds to go do what your passion is about. Essentially, business is about the transfer of money. I would just say to women, it’s time to not just survive but to thrive, and to actually put ourselves into positions to make money by building need-based businesses.

Gassam: How can you determine who your customer base actually is?

Chanel: I think that what ends up happening is that we try to serve the world before we even serve our communities. If we just stopped looking to social media to come to us and for people to find us and find us important, find us valuable, find us resourceful…not realizing that if you were to walk outside, and I live in Philadelphia, and I look to the left of me and I look to the right of me, there is a million dollars’ worth of revenue on a block and yet we are focused, as women, diving into beauty industries or industries that are so saturated that you have to become liked or Instagram-famous. There is literally people around you who are spending money but then you have to ask yourself ‘what are they spending money on?’ Then you won’t have to find your demographic, or wait for it to come to you, you have access to it…stop looking for a demographic to find you, but look at your demographic and find what they need and then you be the resource or service to that…you’d stop wasting a lot of time. As a new entrepreneur, you’re struggling with capital and for advertisements…it’s 100% more accessible to reach the customer where they’re at instead of you begging social media to bring them to you.

Gassam: What impact has social media played on your businesses’ success?

Chanel: Well, I would say it wasn’t social media that impacted my businesses—it was my businesses that impacted social media. A lot of people have it backwards as if people are going to follow you for no reason. People want followers but my question is, what are you asking them to follow? It was because I actually was resourceful and had something to offer that people then came to me. I would say, the biggest game changer in becoming successful was actually the complete opposite. It took for me to believe in myself 100% to create my own platform. When we built the Sprinkle of Jesus mobile app, it gave us access to communicate and build a community of people outside of social media…now we have 8 million downloads. Because I am the controller of my platform, and of my communication, my first extension was credit repair, Credit Exterminators. On opening day, we received over 2,000 inquiries…2,000 potential customers. I sent a push notification on Sprinkle of Jesus saying ‘Christians need good credit too. Get your credit fixed with this Christian-owed credit repair company.’ And literally because that went to every single person’s phone, immediately on opening day we have hundreds of thousands of potential revenue because I owned the platform. But to get those results on Instagram, I would have had to beg and even pay to get that result…the gamechanger for our business was creating our own mobile application and then becoming the top advertisers on the Sprinkle of Jesus app. Then funnel customers and money into our other businesses. We were making over $100,000 in advertising money…me and my family had a meeting and a conversation, and we were like ‘if people are paying us every single month to send them customers why the heck are we not advertisers?’ So, we created businesses and we kept our name off of them. I, Dana Chanel, am nowhere on the Sprinkle of Jesus app. I would greatly say that us creating our own platform and betting on ourselves was the best thing we could have ever done for our company…once we built one platform, we used that to be the conduit for the others.

I ended up buying the company that created my mobile app so that I could then create mobile apps for small businesses. That’s called Alakazam Apps…we actually create mobile apps for small businesses and help them monetize their brands…and digitalize their services so that they can make digital money with digital products…and essentially make their businesses more convenient. From restaurants to churches, we’re helping small businesses go digital at an affordable rate. To create your own mobile app, it’s 20-50 to $100,000 dollars. We can do that at a fraction of the cost.

Gassam: Would you advise potential entrepreneurs to get into a market that is deemed as oversaturated?

Chanel: As a foundation, no. You’re going to go broke trying to attempt to get new customers that have already made up their minds to spend money with someone else…you’re not going to have a lot of capital. What you need for products is marketing and that costs money. From ads, to influencer marketing, it’s going to cost a lot of money. It’s dangerous…to start a business in that line and you get frustrated and angry because you feel like it’s not working, not because your business is not working but you’ve been out marketed. I would greatly encourage that your first business be that foundation of a need-based business that will then be able to fund your passion. We’re getting into this idea of ‘if it doesn’t make me feel good, I don’t want to do it.’ I’m going to be honest…I would beg to differ…I think it’s important for you to create a foundation first.

There’s a bunch of tax offices in the country, but guess what? There’s also an unlimited amount of customers. The same woman who just bought lashes from Lilly Ghalichi lash is not going to go over and buy lashes because she’s just not going to spend $200 on lashes. We just have to be mindful [of] where our customers are spending money…we don’t want to change what the customer is spending money on, we just want to change where the customer is spending the money that they have already decided to spend…I want money that you’re going to spend regardless. I want to be that credit repair company, I want to be that tax preparation company, I want to be that mobile app builder, for all the businesses because they know that they’re going to have to go mobile. I want to be that beauty supply store. Now once again, I didn’t say product—I said beauty supply store. At Curl Bible, I wouldn’t consider us a beauty business…I would consider us a distribution business, which means that there’s a bunch of women that are creating these beauty products and they don’t have a platform. They don’t have followers, they don’t have an instant amount of customers, but Dana Chanel does, and I don’t have beauty products. So, if I can promote their product on a platform and grow the next Sephora, the next Ulta, and get Black women the opportunity to sell their products, that’s completely different than me banking on making sure this one body butter sells.

Gassam: What is something you wish you knew when you started your very first business?

Chanel: Well, how about we rephrase that question? I’m going to give you a piece of advice that I feel like is needed and that I had to learn. If you’re not useful, you’re useless. You only become wealthy by making other people rich. The second you are not a conduit to help someone do something, your business is going to go to crap…your business is going to be non-existent. A lot of people today are looking at social media, looking at these gorgeous influencers with 500,000 to one million followers, and essentially that’s the goal but they’re not looking at the procedure—what is it that they actually did to get there? For example, you guys may see me now with a community of over 10 million people, but you guys didn’t see that in the beginning of this project, I was creating websites for people. I was useful, which then put me in a space to actually get paid. Stop expecting someone to swoon and praise you for being extraordinary…when you’re in business, you have to be useful. The second you are useful, that is when you’ll start making money…you have to choose profitability over popularity.

To learn more about Dana Chanel, visit her website.

This interview has been lightly edited for brevity and clarity.

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Credit Repair Companies

La Reyna Del Credito Helping People Defeat the Financial System by Improving Their Credit Scores

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La Reyna Del Credito Helping People Defeat the Financial System by Improving Their Credit Scores

Financial freedom is somewhat an alien word where Ivonne Arvizu comes from, and she made a solemn promise to make it happen for herself and as many others as possible. With a work rate that has cut across different clients with varying professions such as medicine, entertainment, business, legal, real estate, financial professionals, police officers, and thousands of other people who needed credit report at one time or the other, Ivonne Arvizu has created a strong impression about La Reyna Del Credito. Ivonne acquired her credit repair knowledge a long time before she established her credit repair company, and she started helping people fix their credit while she worked at a bank. The bank was against her offering such services due to a conflict of interest. Ivonne, not willing to let herself get tied down in some banking bureaucracy she didn’t agree with, resigned from the bank and made her company into a full-fledged, official credit repair business.

Ivonne Arvizu has always been about excellence and flying the flag high all her life. Despite coming from a humble background and a poor family that never fulfilled the American dream, Ivonne set out to make a difference. She became a homeowner at the age of 20 and has dedicated more than 18 years of her life helping the Latino community elevate its financial status. Ivonne has been featured in Spanish programs on television networks like Telemundo, Univision, Radio Nueva Vida, Radio Inspiracion, and other broadcast services educating the public about financial freedom. Through La Reyna Del Credito, Ivonne is changing lives and shaking things up in the financial world.

La Reyna Del Credito was established on the premise of “Life happens, and anyone can get into a bad credit situation.” In Ivonne’s words, “Nobody ever hopes to have bad credit. It just happens, and it does not discriminate. There are so many variables that cause people to have bad credit and fortunately for them, ‘La Reyna del Credito’ exists.” Beyond fixing bad credit scores, La Reyna Del Credito helps people get their mortgage credit within days so they can buy their dream homes without stress. The company established a FICO program that ensures this guarantee, and it has boosted La Reyna Del Credito’s credibility in the Latino community.

La Reyna Del Credito has proven to be a game-changer for the Latino community and has pushed its members to focus on becoming more financially stable in their retirement age.  With more than 1,087 real estate deals closed in 2018 alone and a money-back guarantee on all credit fixes if the company does not deliver the score, La Reyna Del Credito has given people more confidence in its services as it continues to deliver excellent results. The bulk of the company’s clients are Spanish-speaking Latinos who migrated to the United States without knowledge of how credit scores work, and they need guidance. Ivonne Arvizu has built something outstanding, and she’s willing to see it through till she has fixed the finances of hundreds of thousands of people.

Learn more about La Reyna Del Credito on the company’s official website.

Media Contact
Company Name: La Reyna Del Credito
Contact Person: Ivonne Arvizu
Email: Send Email
Phone: (213) 434-9873
Country: United States
Website: http://www.lareynadelcredito.com

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Improve Your Credit Score with a Credit Repair Company

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Securing a loan for your home or business investment can turn out to be quite overwhelming for individuals and businesses out there. People with poor credit scores often struggle with their loan applications, as it gets a bit challenging to have your loan application approved at a low interest. In fact, a credit score happens to be the first thing a bank or a financial institution is likely to notice when reviewing your loan application.

Sometimes, simple things such as late payments and irregular bill payments can lower your credit score significantly. Even if you manage to find a private lender who’s willing to approve your loan application, there is a good chance they will charge you a high interest for the loan.

Why Do I Need to Hire a Credit Repair Company?

It isn’t always your utility bills or debt payments that lower your credit rankings, but sometimes, you might end up with a bad credit score because of a small error on your credit report. Regardless of the complexity of the issue you are facing, you can’t deal with the problem on your own. It is important that you seek help from a credit repair company to look into the matter and fix the issue quickly. As the name suggests, the credit repair company is in charge of fixing the errors in your credit report and removing the items that might be lowering your credit score. This includes charge-offs, late payments, liens, debt collections, and so on.

With a large number of credit repairing companies claiming to offer high-quality and cost-effective services, the decision of choosing the most reliable company could be a little overwhelming. Each company offers a set of unique services that are designed to improve your credit score in different ways. You might have to apply for a loan to finance emergency health requirements, your dream home, a startup, business capital, child’s education, and other requirements. Here are a few other reasons why you must hire a credit repair company:

·      Fix Inaccuracies on Your Credit Reports

Research shows that more than half the population of the United States report inaccuracies and unnecessary errors in their credit reports every year. These errors occur due to the miscalculation is wrong information. As mentioned earlier, it isn’t always your debts and late payments that affect your credit rankings.

Sometimes, small errors in the report could have a profound impact on your credit score. It is, therefore, important for businesses and individuals to get their credit reports reviewed once in a while. Only a credit repair company has the expertise and skills it requires for reviewing the credit reports thoroughly and fixing the errors. The sooner you get these errors fixed, the faster you will be able to apply for a home loan.

·      Job Opportunities

Many reputable companies ask applicants to attach a copy of their credit reports with the job application so that they know their staff is trustworthy. A good credit score increases your chances of getting hired by a reputable company.

·      Insurance Policies

You can’t secure the best and low-priced insurance policy with a bad credit score. It’s important to work on your credit score to get the best deals on insurance policies. That’s because a majority of insurance providers offer insurance plans based on your credit reports. A reliable credit repair company will help fix your credit score, saving you a significant amount of money on an insurance policy.

Best Credit Repair Companies

There is no denying that good credit repair companies can help improve your credit reports by erasing the negative items and fixing the inaccuracies. Here are a few popular credit repair companies you can count on for premium services.

·      Credit Saint: With more than 10 years of experience in this industry, Credit Saint tops our list of the best credit repair company. The Better Business Bureau has rated it A+ for the variety of services it offers. The company has undoubtedly improved the credit rating of a large number of customers successfully over the past few years. It reviews your FICO credit score, evaluates the negative items, and fixes the damaged credit score.

·      Sky Blue Credit: If the price and quality of the services are your main concerns, Sky Blue Credit is your best bet. The company has kept a fixed price, which is $79 a month, for an extensive range of credit repair services.

·      The Credit Pros: With over 200,000 customers based across different parts of the world, The Credit Pros is a 12-year old company that has received an A+ rating from the Better Business Bureau. You can enroll in its monthly plan that costs a flat fee of $49 or choose the prosperity package – whatever fits your preference and budget.

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7 Best Credit Repair Companies in 2021: Top-Rated Credit

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San Diego, CA, April 17, 2021 (GLOBE NEWSWIRE) — Credit repair companies work on behalf of their clients to improve their credit report by removing negative items, such as debt collections, late payments, and bankruptcies. There are significant differences between credit repair companies in terms of the methods they use for payment structures and to repair credit scores.

To determine the best credit repair services to use, we compared factors such as reliability, effectiveness, and value for money. Based on these specifications, and the pros and cons of each company, here are the best credit repair companies in 2021.

1. Credit Saint – Best Credit Repair Company Overall

Credit Saint is the overall best credit repair service because it has a long and solid record of helping thousands of people to improve their credit scores. The company’s success is evident as the Better Business Bureau has given this service an A+ rating for more than 10 years.

Customers receive a free consultation from Credit Saint to talk about their credit score and identify any negative items. It is possible to use this service free without any obligation.

If a user chooses to proceed based on the initial consultation, Credit Saint then contacts the credit bureaus on the individual’s behalf. The aim of this communication is to remove any inaccurate information from the customer’s credit report.

Some of the negative items this company can potentially remove from credit reports include:

  • Late payments
  • Judgments
  • Collections
  • Repossessions
  • Bankruptcies
  • Credit inquiries
  • Liens

Credit Saint recognizes that their customers have differing needs, which is why they offer three packages. The first option is the Credit Polish package that includes a free score analysis, challenges of five negative items per cycle to three major credit bureaus, and a credit score tracker too.

The next level package is the Credit Remodel package. This option features everything from the Credit Polish model above. However, users receive 10 negative item disputes per cycle and ongoing Experian credit monitoring as well.

Credit Saint’s most aggressive option is the Clean Slate package. Along with everything in the other two packages, this one includes unlimited challenges on inaccurate items, and the company will also send out cease and desist letters on the customer’s behalf.

Other points in Credit Saint’s favor include good value for money and that they offer a 90-day money-back guarantee. Overall, the positive features of Credit Saint are:

  • More than 10 years of A+ Better Business Bureau rating
  • Three different packages
  • Free, no-obligation consultation with a credit repair expert
  • Real-time progress monitoring via an online dashboard
  • 90-day money-back guarantee

2. Lexington Law – Most Experienced Credit Repair Company

One of the top credit repair services in terms of experience is Lexington Law, as it was founded in 1991. Now, it is the United State’s biggest credit restoration company. In 2017 alone, Lexington Law had more than 100,000 negative items removed from their customers’ credit reports.

This company has a team of lawyers and paralegals that protect your credit using specific laws. Some of the issues that can impact a person’s credit score negatively, with which they help their customers, include:

  • Divorce
  • Medical bills
  • Identity theft
  • Student debt
  • Military service

Lexington Law has three packages available to accommodate the different needs of users. The most basic of these is the Concord standard service, and this includes challenging negative items with the customer’s creditors and the three major credit bureaus.

The next level is the Concord premium package. In addition to the services from the standard model, the person also receives TransUnion alerts and a score analysis. They also benefit from having hard inquiries removed.

Finally, the PremierPlus package is the most thorough credit repair service Lexington Law offers. In addition to the services of the other packages, this package includes personal finance tools, identity theft protection, and the FICO score tracker.

Although Lexington Law is a little more expensive than most other credit repair companies, they are one of the most experienced companies, and the quality of their work is outstanding.

The main benefits of using their services are:

  • Many independent review sites rank Lexington Law as the best option
  • Over 56 million removals since 2004
  • Help offered with charge offs, late payments, foreclosures, and collections
  • More than 500,000 active clients

3. CreditRepair.com – Best Credit Repair App

CreditRepair.com has some of the best reviews from former customers of all the credit repair services. Founded in 2012, this company has removed more than 1.8 million harmful items from its customers’ credit reports. This credit repair company’s app is available for iPhones and Android devices.

After signing up with CreditRepair.com, customers will have their credit report retrieved and analyzed to identify misleading, inaccurate, or invalid items. The team then creates a customized credit repair plan to help rebuild positive credit, and they employ various methods to achieve this.

CreditRepair.com offers customers three different packages, so people can choose the package that best meets their needs. Direct is their entry-level package and the cheapest option. It is ideally suited to people who have only a handful of negative items. The package includes 15 negative item challenges and three creditor disputes each month.

Those who opt for the Standard package also have cease and desist letters sent on their behalf, 24/7 credit monitoring, hard inquiry challenges, and quarterly credit score analysis. The cost of this service is in-line with the average for credit repair services.

The most comprehensive credit repair package CreditRepair.com offers is their Advanced package. Along with the services of the other packages, this package offers a monthly FICO score, identity theft insurance and protection, an array of personal finance tools, and up to 19 negative item challenges each month.

Some of the best features of CreditRepair.com include:

  • Effective and aggressive repair programs
  • Free credit analysis
  • Discounts if you sign up family and friends
  • 15+ negative item challenges monthly
  • Three credit repair packages to choose between

4. Sky Blue Credit – Good Value for the Money

For those who need a service offering good value for money, Sky Blue Credit is one of the best options. They have transparent pricing, free services for the first six days, and there is a 90-day money-back guarantee. Therefore, Sky Blue Credit is a great choice for people who have a limited budget.

Unlike other credit repair services that offer different packages, Sky Blue Credit offers all its services for a monthly flat rate. The services include disputing five items per each of the three major credit bureaus every 35 days.

After signing up to Sky Blue Credit, customers receive an analysis of their credit history, and any harmful errors are highlighted. The experts from this company then send dispute letters on their clients’ behalf and check the statute of limitation for any debts.

Some of the main features of Sky Blue Credit include:

  • One low monthly rate for all services
  • No fee for the first six days
  • Customers can cancel at any time
  • 90-day money-back guarantee

5. The Credit Pros – Good for Speedy Credit Repair

The Credit Pros have been in business for more than 12 years, and they have helped more than 200,000 people across the United States to improve their credit rating. It is consistently ranked as one of the best credit repair services by independent review sites, and it has maintained an A+ rating from the Better Business Bureau.

There are three packages available from The Credit Pros to meet differing repair needs. The entry-level option is the Money Management package, which includes identity and dark web monitoring and TransUnion monitoring. It also includes the CashRules finance manager, which allows customers to integrate banks, track transactions, get alerts, and set budgets.

The mid-level option is the Prosperity package. In addition to everything from the entry-level package, users get a three-bureau credit repair, which includes:

  • Debt validation letters
  • Goodwill letters to debt agencies and creditors
  • Cease and desist letters
  • Unlimited dispute letters
  • A one-on-one action plan from a professional

The Credit Pros’ most thorough and expensive option is the Success package. Along with all the services from the other two packages, customers also have a guaranteed line of credit of $1,500. The credit repair service also reports repayments to TransUnion and Experian, which allows the customer to build a positive credit history.

When deciding whether The Credit Pros is the right company for them, potential users should consider the following positive features:

  • Free consultation with a specialist
  • Better Business Bureau rating of A+
  • AI-driven credit repair technology
  • Quick credit repair for faster results
  • Various packages available
  • Option for unlimited dispute letters available
  • Credit monitoring included with all plans

6. Ovation Credit – Best Customer Service

Ovation Credit Services has helped more than 12,000 people to improve their credit score, and the company has a reputation for its outstanding customer service. They take pride in building relationships with users and providing them with customized credit repair solutions.

This credit repair company is one of the most cost-effective options as the monthly fees are affordable. At the initial appointment, each customer receives a free consultation. During the meeting, the advisor takes an in-depth look at the client’s credit history to determine the best solutions for each issue.

Moving forward, an advisor from Ovation Credit Services files disputes on behalf of their client. The process may involve the advisor contesting late payments with creditors and writing goodwill letters. Ovation Credit Services also ensures clients have an accurate credit score by working with credit reporting bureaus.

The main reasons to consider using this company’s service are:

  • A+ Better Business Bureau rating
  • Excellent customer service
  • Free consultation
  • Customized credit repair solutions
  • A cost-effective option

7. The Credit People – Best Customer Satisfaction Guarantee

The Credit People has been in operation for more than 15 years, so they are now one of the leading credit repair companies. It offers customers the option of either a six-month, flat-rate service plan or a monthly pay-as-you-go option.

Since 2004, The Credit People has removed approximately 1.5 million negative items from their customers’ credit reports, and statistics show that the average customer sees a 32 percent improvement in their credit score.

For a small fee, customers have the option to try out the services for a week before deciding if they want to continue using it. The Credit People also offers a 60-day money-back guarantee.

However, excellent customer service is what makes The Credit People stand apart from the competition. Some of the advantages of joining The Credit People include:

  • Toll-free customer support
  • Unlimited disputes each month
  • FCRA certification
  • Account access 24/7
  • Debt and inquiry validation

How Do Credit Repair Services Work?

The first step that most credit repair services take is downloading the customer’s credit report from the three major credit bureaus. Professionals then review the credit reports to identify errors. Common examples of mistakes include inaccurate personal information, incorrect balances, and data management errors.

It is not a simple process as the professionals must gather evidence to prove the information in the credit report is false. Doing so can take anything from a few days to several weeks.

Once the professionals have gathered the information they need, they send it to credit monitoring companies, and there is a 30-day window for them to respond. The credit bureaus will contact the credit repair service to say whether they have corrected the error or not and explain why.

Essential Factors To Consider When Choosing a Credit Repair Company

Before someone starts using a credit repair company, it is important they take the time to compare the options. Some of the factors to consider are outlined below.

Setup Fees

Companies should not ask for large upfront payments, as this is a violation of the Credit Repair Organizations Act. In most cases, legitimate credit repair companies do not have setup fees.

Free Consultations

Free consultations are beneficial, even for those who have good credit. If a free consultation is available from the service, it will help people to identify areas in which they can make improvements and what they are already doing well. It is an opportunity for people to learn good financial habits that will prevent them from needing credit repair services in the future.

Monthly Fees or Flat Rate Payments

Credit repair companies’ two payment types are usually either monthly fees or flat-rate payments. A customer must decide which is their preferred option when choosing the best service to meet their needs.

Credit Repair Reviews

As with any service, reviews from former customers can help people to decide if a company is reliable, effective, trustworthy, and good value for money. The user should not simply rely on the reviews posted on the credit repair services’ websites but check elsewhere online to get an accurate overview of others’ experiences.

Another tip is to check with the Better Business Bureau, as this service helps consumers to find reputable businesses with positive reviews.

Customer Service

Although most credit repair companies offer similar services, one way that the best companies stand out from the rest is the customer services they offer. The top companies offer customer service from friendly and knowledgeable professionals who can guide people through the best credit repair options.

They will monitor their clients’ credit scores continuously so that the client achieves results quickly. Agents will notify clients about both improvements and challenges or disputes on their credit scores.

How Long Does Credit Repair Take?

Customers should not expect to see results immediately, as it can take between three and six months before progress is evident. However, if someone repairs their credit score annually or they only have minimal issues, then it may not take as long.

On the other hand, those who have lots of credit issues or who have never looked at their credit report may find it can take more than six months before they see improvements.

Is It Worth Using Credit Repair Companies?

One point to note is that a person can do everything that a credit repair company does and achieve the same results, which may cause people to question whether using a credit repair service is worth the money.

There are two benefits to using professional services rather than a person attempting to repair their own credit score. The first benefit is that it saves a person time, as the process is a heavy task. Second, using a professional service streamlines the process as they have experience of the different methods and they know how to get the best results.

In addition to saving time and achieving positive results faster, it is also worth noting that using a credit repair company can save people money in the long-term. If a credit score improves by a few points, it can save on mortgage repayments and loan or credit card interest rates.

What Does It Cost To Use Credit Repair Services?

The cost of using credit repair services can vary significantly, depending on the services the company offers. Although monthly fees typically range between $79 and $129, the industry average is approximately $99 a month. There is also the option to buy credit repair software, such as TurboScore Home, that reduces the time of navigating credit reports and bureaus.

Are Results Guaranteed When Using Credit Repair Services?

It is almost impossible for a credit repair company to guarantee results as credit reports are complex documents that change every time someone makes or misses a payment. Therefore, customers should be wary of services that make outlandish guarantees.

Avoiding Credit Repair Service Scams

Unfortunately, there are some scam credit repair companies out there. However, people can take steps to make sure they avoid such companies.

The first thing that people need to know is the Credit Repair Organization Act in 1968 prevents companies from making misleading statements about the services or products they provide. Furthermore, the services must provide written contracts that give consumers an opportunity to cancel the arrangement.

Legally, credit repair companies cannot collect payments until their services are complete. However, many get around this rule by having a setup fee followed by monthly payments to help spread the cost.

Apply caution if a credit company gives misleading information or they do not give straight answers to questions. For example, consumers should avoid companies that discourage customers from contacting credit monitoring bureaus. People should also avoid companies that create new identities or credit reports.

What Methods Do Credit Repair Companies Use To Get Items Removed?

Each company employs different methods to get items removed from a customer’s credit report. The following is an overview of some of the most common methods.

Goodwill letters: Credit repair services may write goodwill letters to creditors to encourage them to remove negative items from credit reports. Although it is not always successful, it works surprisingly often.

Debt validation letters: These letters request that creditors or debt collection agencies provide proof that a debt is valid. If they are not able to provide proof, then they must remove it from credit scores.

Negative item challenges: Consumers have the right to dispute questionable items on credit reports. Credit bureaus then have 30 days to respond. While some companies allow unlimited disputes in a billing cycle, others specify a maximum number of disputes.

Fixing inaccurate information: A method that is particularly useful for victims of identity theft is fixing wrong data. In most cases, credit repair companies assign a case advisor to a customer, and they will go through the customer’s credit report with them to look for inaccuracies.

Cease and desist letters: The Fair Debt Collection Practices Act states that if a customer requests a debt collection agency stops contacting them, then the debt collection agency must abide. Many credit repair companies offer a service of sending out cease and desist letters to creditors and debt collection agencies on the customer’s behalf.

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