Credit counseling is considered an alternative to debt settlement or bankruptcy. You should spend time learning about the best credit counseling companies if you think this route is the right one for you. It takes a lot of time — often months — to dispute credit report errors, make phone calls, and mail letters over and over again. Simply put, not everyone has the time to see this process through — some may not even want to bother with it at all. Credit repair companies use a variety of strategies on your behalf. They work with the three credit reporting agencies to determine whether or not there are inaccuracies that should be removed from your credit report.

Credit Glory

Some credit repair companies provide monthly pricing as well, which can include an average setup fee of $100 and can cost hundreds per month. Ultimately, the cost of credit restoration will depend on several factors like where you live, what services you need and the severity of your case. Many consumers have errors on their credit report that could lead to higher-than-necessary payments on loans or insurance policies, according to the Federal Trade Commission. But these errors can be identified and addressed through an established credit repair process.

Founded in 2018, it provides personalized credit counseling services. It helps clients regain financial freedom by identifying and appealing unverifiable information in their credit histories, such as collections, charge-offs, repossessions, collections, and bankruptcies. The agency’s founder, Derek Angelo Serrano, is a Series 7 financial advisor and a life and health insurance advisor. Bright Credit LLC is a credit repair company serving clients throughout the Las Vegas metro area. This company has over 25 years of experience settling various categories of debt, and it typically streamlines clients into its credit repair program following this process. It employs both negotiators and seasoned credit reporting experts who advocate for clients as they work to remove charges by disputing and discharging them.

This is unlike some companies that offer limited disputes or challenges to your creditor every month. Also, the company doesn’t offer additional features to help you improve your credit. The Credit People has been in the industry for more than two decades. You can choose from one of their monthly plans or a flat-rate plan. Leverage consumer protection laws to challenge inaccurate reporting.

Credit Score: 794 647

If you choose to have a company do the work for you, research its credit repair packages and reputation within the space before signing up for any services. But if you want to handle credit repair on your own, research alternatives to determine which is most suitable for your situation. In addition, look at the company’s reviews on the Better Business Bureau’s website and on Trustpilot. If you only have a few items in your credit report to address, it might take significantly less time to work through the program. However, if this is the case, you may also be able to easily work through the items on your own without paying a fee.

FinanceBuzz does not include all financial or credit offers that might be available to consumers nor do we include all companies or all available products. Information, including rates and fees, is accurate as of the publishing date and has not been provided or endorsed by the advertiser. What sets them apart from other credit repair companies are the straightforward options they provide.

To determine your creditworthiness or the probability that you’ll pay back borrowed funds, creditors and lenders use the FICO® scoring system. All these factors are weighted based on importance to produce a score that ranges from 300 to 850. Many people struggle with financial hardship; it only takes a few missed payments or an unforeseen expense to find yourself face to face with a poor credit score. Once you possess a bad credit score, the repercussions aren’t pretty. You’ll see things like increased insurance premiums, high-interest rates on your credit cards or loans, additional fees tacked onto your utility bills, and denied loan applications. For our Raleigh credit repair service s, we collect your personal credit reports from the three main reporting agencies – Experian, Equifax, and TransUnion.

Safeport Law

The company has two consumer reviews on Trustpilot, with a 2.9 out of 5 star rating. But it’s important to note that its Trustpilot reviews don’t look legitimate. It fares slightly better with BBB reviewers, with an average of 3.29 out of 5 stars.

The credit repair industry has a bad reputation, and some of it is deserved. Still, there are companies out there that provide legitimate services, and they have been able to help many clients. Because it’s a law firm, you get the expertise of legal professionals with extensive experience in credit repair and credit laws. Credit Firm lawyers and paralegals may use aggressive methods to deal with the credit bureau and your creditors. Altogether we work towards eliminating inaccurate, unverifiable and incomplete information from your credit report.

Couples can get a $20 discount for registering together.[9] The Premium Flat Rate plan offers greater value for your money. You’ll end up paying around $99 monthly for premium features compared to the Standard plan. Before engaging in credit repair, we provide free consultation on your credit situation.