Having bad credit is an unfortunate problem that many families face, especially in today’s economic climate. Having a poor credit score can have a very negative impact on your financial health and can result in higher interest rates, loan application rejections, and more. That’s why thousands of people have turned to credit repair companies to help fix their credit and improve their FICO scores.
Credit repair services work by helping to remove negative items from your credit report such as late payments, liens, foreclosures, repossessions, and more. But finding the best credit repair service seems like an overwhelming task. With so many companies to choose from, how can you really know who to trust? We think we can help.
We’ve researched and reviewed the top credit restoration companies to determine which services were the best and had the highest satisfaction rate among clients. Each company we reviewed was analyzed on a variety of factors including average number of items removed, satisfaction rate among clients, speed of results, and price.
Below is our list of the top credit repair agencies of 2016 and a brief review of each company.
- A+ Rating with the Better Business Bureau
- Disputes Up To 15 Items on Your Credit Report Per Month
- Fastest Service In The Industry
- Free Consultation & Case Evaluation
- Over 24 Years of Experience
- Over 7.3 Million Negative Items Removed in 2014
- Been In Business Since 1997
- Offers 24/7 Credit Monitoring and Alerts
- Personalized Online Dashboard With Credit Score Tracker
Does Credit Repair Really Work?
There are many people that are skeptical about credit repair and want to know if these services REALLY do work. After reviewing the most popular credit repair agencies and the results of their clients, we can definitely conclude that these services do in fact work. Obviously, not all companies are created equal and each company has their own methodology for removing negative items from your credit report.
Just to give you an idea of the type of results to expect, Lexington Law claims that their clients have an average of 10 negative items removed from their credit report. Most companies do offer a money-back guarantee if you’re not satisfied with their service. In addition, most services offer a free case evaluation so they can see if they can help your situation before you decide to sign up.
How Do These Services Work To Repair Your Credit?
If you’re going to be hiring one of these services, you probably want to know what you’ll be receiving for your money – right? Companies that claim to help fix your credit should be completely upfront with what they can and can’t do for your situation. A good company can remove negative items from your credit report and help improve your FICO score, making it easier to obtain a home, vehicle, mortgage, or insurance.
Most credit repair companies work in the following way:
- Obtaining your credit report from all 3 major credit bureaus (Equifax, Experian, and TransUnion)
- Identifying specific items in your credit report that can be disputed.
- File credit disputes on your behalf using little-known strategies that yield a high success rate.
- Communicate with creditors and credit bureaus on your behalf to remove negative items as soon as possible.
Are Credit Repair Companies Worth The Cost?
Depending on which company you decide to use, the price of service will generally be between $59.95 and $99.95 per month. However, there are no long-term contracts and you can cancel the service at any time.
Considering how much extra money you pay in high interest charges with a bad credit score, we do believe that the best credit repair services are worth the price. A higher FICO score can result in better interest rates on loans, mortgages, credit cards, and more. If you have a poor credit score and need to fix your credit fast, these services will get you the best results in the shortest amount of time.