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Credit Repair Companies

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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Credit Repair Companies

The 21 Year-Old Looking To Help 1,000 Families Raise Their Credit in 2021

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Vernell Watts is a credit repair expert, author, founder of Fortune800 – a credit repair company that has already helped hundreds to fix their credit score and develop healthy credit habits. His career started at a well-known credit repair company. Realizing that their techniques weren’t the best, he took time to study and build his own company. Currently, through his business, videos and his new book “The Credit Reset,” he is looking to help 1,000 families to permanently repair their credit in 2021.

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Vernell Watt is well ahead of his years. At the young age of 18, he started working for a nationwide credit repair company. He was a natural. Landing hundreds of clients and building good relationships, he earned good money and lived a comfortable life. “I was making amazing money and was able to buy myself a new car. I loved it.” some may have been content with their success, but Vernell began to dig deeper. He heard from his clients that they were not happy with the results of the service. Less than one percent of the clients he signed to the service saw any improvements in their credit score. “I couldn’t believe it. I knew I had to do something.” And he did. He left his job and began to study. After some time of studying, he realized that this company and many others were not offering the best solutions to their customers’ needs – he found his new niche. Build a credit repair company that actually helped it’s customers improve their credit score.

At 19 years old, Vernell launched Fortune800, a new kind of credit repair company. Designed to actually produce results, Watts saw huge success very quickly. Within four months, he had scaled his business to 6 figures and achieved a 55% success rate in improving his customers score. One of his reasons for his success is his blended method. Based on his studies of credit and credit companies, he developed his “blended technique,” a technique that simultaneously helps remove negative credit history while building positive credit accounts. This method allows his customers to see long lasting results. “One thing that I think is important is focusing on building credit, not offering a quick fix.” The second reason for Watts’ success is his knowledge. He has realized that knowledge, not age or experience is the key to mastering credit. Whether a client purchases his repair service or one of his books, Watts looks to help them understand the way credit works and how to understand it.

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His new book The Credit Reset is the perfect resource for anyone looking to fix and build their credit. Whether you are looking to build credit, buy a home, or prepare for a large purchase, this book gives you everything you need to get results in repairing your credit. He presents very detailed information in a very simple, easy-to-read 100 page blueprint. When asked what his motivation was to help others, he responded, “Your credit can be your largest asset or your largest liability. I want to help people make it an asset.”

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Do credit repair services work?

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You probably already know about the importance of having a good credit score. It can increase your chances of getting approved for credit products and help you secure lower interest rates. If your current credit score is less than stellar, you’ve perhaps considered using a so-called credit repair company. But do credit repair services really work and are they worth it? We take a look.  

What is a credit repair company?

Simply put, it’s a company that offers to improve your credit score in exchange for a fee.

A quick online research reveals a large number of these companies. Some also advertise their services in print media, as well as on TV and radio.

The way most credit repair companies claim to work is by helping you remove inaccurate or unverifiable information from your credit report.

They will start by requesting a copy of your credit report from each of the three major credit agencies (Experian, TransUnion and Equifax). After going through the report, they will devise a strategy for disputing any errors or inaccurate information in the data that may have a negative impact on your score.

Do credit repair services work?

There are currently no reliable statistics regarding the effectiveness of credit repair services. There is also insufficient data on the impact these services have on customers’ average credit scores.

That isn’t to say they don’t always work. If you can find a legitimate credit repair company that is able to identify errors, mistakes and unverifiable data on your report, they can help you get it removed. This could raise your score. Of course, nothing is guaranteed.

Many credit repair companies will claim to have helped thousands, if not millions, of people by removing negative credit entries and improving their credit scores. But short of asking a close friend or family member who may have used their services and been pleased with the outcome, there is really no way to know for certain.

Are credit repair services really worth it?

That depends.

The reality is that most of the services that credit repair companies offer are things that you can do yourself. For example, reviewing and disputing errors on your credit report is something you can do without professional help.

That being said, the process of disputing claims can sometimes be tedious. You will most likely need to contact several parties, including lenders and credit reference agencies. You might also have to wait a considerable time for a response.

It’s understandable that you might prefer to focus your time on other things. That’s when contacting a credit repair company to do the dirty work for you could help.

Naturally, it is only worthwhile if there are actually mistakes or errors on your report and the credit repair company’s efforts lead to their removal.

Bottom-line

In a nutshell, some credit repair services can work, but whether you really need them is up to you. Before you contact them, take time to really think about whether you will be getting value for your money.

Just as importantly, don’t forget to do your homework to establish whether the company you plan to use is legitimate, particularly if they contacted you offering services. You can start by checking online reviews on sites such as Trustpilot.

The kind of services that a company is offering can also tell you whether a company is credible or not.

For example, be wary of companies that guarantee to improve your credit score. Also be sceptical if a company promises to remove negative but accurate information from your report before it’s automatically removed (such as bankruptcies, CCJs and IVAs).

Finally, companies that ask you to make full payment before it provides its services is best avoided.


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Is it Free to Repair Your Credit Alone?

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You can repair your credit score by fixing errors – for free – without the help of anyone. There are credit repair companies that can help you repair your credit, but those services come at a price. It’s also a great time to start your credit-repair journey alone because the credit bureaus have opened up access to track your progress yourself!

What Does a Credit Repair Company Do?

Credit repair is defined as fixing your credit reports to raise your credit score. Borrowers with negative marks on their credit reports are often tempted to enlist the help of credit repair companies, but the truth is, you can fix your own credit reports alone.

A credit repair company can’t randomly raise your credit score just because you paid them (if they advertise this, beware). What credit repair companies can do is help you remove inaccurate information and accounts from your credit reports. They can contact your creditors for you, and with your permission, look at your credit reports to see if there are errors that need to be corrected.

However, you don’t need a credit repair company to do any of this, because it’s your right to dispute incorrect information yourself and have it fixed for free.

Dispute Inaccuracies Yourself to Repair Credit

Is it Free to Repair Your Credit Alone?Credit repair by a dispute is the process of correcting errors on your credit reports with the goal to improve your credit score. For example, say you had an account in collections and you paid it off, but it’s been a few months and the credit bureaus haven’t reported it as resolved yet. You can file a dispute with that credit bureau, send proof that you paid that collection account off, to have it accurately reported on your credit reports to improve your credit score.

It doesn’t cost you anything to file a dispute – except maybe your time and energy. If you have multiple errors on your credit reports and don’t have the time to resolve them, then a credit repair company may be worth your time. But if you only have a few things that need to be corrected, then doing it yourself saves you money.

If your credit reports are littered with inaccuracies and you don’t have the time or know-how to resolve them, then visit our resource center for more information on credit repair companies.

What Can I Fix on My Credit Reports?

For a dispute to be considered, you typically need to provide proof that the disputed account is inaccurate. This means you may not be able to “fix” every negative mark on your credit reports.

If you filed for bankruptcy and it’s reported as such, you can’t simply report that bankruptcy as inaccurate to remove it from your credit reports. The credit bureaus have up to 30 days to investigate the account you disputed, and if proven inaccurate, they remove it. If they find that the account is correctly reported, it stays on your credit reports.

Here are some examples of what you can dispute:

  • Accounts or information that were the result of identity theft or accounts that aren’t yours
  • Incorrect personal information such as your birth date or past addresses
  • Duplicate accounts
  • Payments that were reported late but were actually on time
  • Inaccurate loan balances
  • An account’s status (active, closed, past-due)
  • Hard inquiries that you never approved
  • Accounts that should have been included in bankruptcy

You can file a dispute online for free with all three credit reporting agencies: TransUnion, Experian, and Equifax. In many cases, you need some kind of proof that a disputed account is inaccurate, so it may be wise to gather supporting documents such as receipts, verification emails, or screenshots to increase your chances of it getting removed. Sometimes, a credit bureau may not need any proof to remove inaccurate information, but that usually depends on what you’re reporting.

Checking Your Credit Repair Progress

Due to the pandemic, the credit bureaus are allowing all consumers the opportunity to request their credit reports for free each week. Visit www.annualcreditreport.com to request your free credit reports so you can keep track of your progress, check on disputed accounts, and make sure your credit reports remain accurate.

Normally, you only get one free credit report from each bureau every 12 months. The recent havoc has created the need for borrowers to keep track of their financial wellness, so weekly access is available until April 2022 – so jump on it while you can!

No Errors? Build Credit Other Ways

Errors can happen, but bad credit could simply be the result of past mistakes, financial instability, job loss, divorce, or just a lack of credit history. If your credit reports are accurate and you have nothing to fix, then building a credit history with new credit could be the path to take.

Installment loans are a great way to build a payment history since installment loans such as mortgages and auto loans typically last for years. If you completely pay off an installment loan without any mistakes, it could boost your credit score significantly and possibly increase your chances of getting future credit because you’ve proven your ability to repay borrowed money.

Many borrowers start off their credit history with a car loan, and other bad credit borrowers can get back on track with one, too. It’s not always easy to get approved for an auto loan when your credit score isn’t great, but we want to help.

Bad Credit Lending Opportunities

If taking on an installment loan to build your credit score is the route you want to take, let us guide your way at Auto Credit Express. We’ve spent over two decades cultivating a nationwide network of special finance dealerships that specialize in assisting borrowers with less than perfect credit. To get matched to a dealer in your local area, complete our free auto loan request form.

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