Are Credit Repair Companies Legit?
It is reasonable for someone to wonder if credit repair companies are legit or not. This is because of the huge amount of scams that happen in this industry in particular. So, are credit repair companies legit or not?
The answer to the question above is that it really depends on the company itself. There are many credit repair companies out there that actually offer legit services and can improve credit scores for people.
Before we go on, some of you may be wondering what credit repair even is. Below, we will briefly explain what it is, so keep reading.
Credit repair is legal in most states, and many people have benefited from it. Credit repair companies provide people with services such as improving their credit scores by removing negative items on their credit reports and sending letters to credit agencies on their behalf.
There are many benefits to credit repair and an improved credit score. You will find some of these benefits listed below.
Benefits of Credit Repair and an Improved Credit Score
There are so many benefits to an improved credit score. Some of these benefits include:
- Low-interest rate mortgages
- Credit cards with low-interest rates
- Apartments will be available, needing no security deposits at all
- You have an option to get auto loans with no down payment at all
- Extra cash by the end of the month
- A lower auto insurance rate
- Low-interest personal loans
- Can get SBA loans to start a business
- Many better job options
So, as you can see, it is very important and useful to have a good credit score.
In general, yes, credit repair companies are legit service providers. However, keep in mind that there are a lot of scams out there.
So, that is why we have put together a list of the best credit repair companies out there that can provide real services and deliver great results. According to many customer reviews, these companies can actually improve credit scores.
Let us jump right into it. Here are the top three credit repair companies that we have fully reviewed. We suggest that you read our reviews of them as well to know which one suits you the best based on their prices, services, and features.
Best Credit Repair Companies:
1. Lexington Law
Lexington Law is at the head of our list! It is a law firm that is specialized in professional and legal credit repair services. It is one of the absolute best credit repair companies by a long shot. It is one of the most popular options for a reason.
They have many services. Some of these include the ones listed below.
- Free credit repair recommendations
- Free credit report summary
- Free credit score
The credit repair services they have all come in their three subscription plans.
- Concord Standard:
Monthly fee of $95.95
This plan will have the following services:
- Credit Disputes
- ID Theft Insurance
- Debt Handler
- Creditor Intervention
- Inquiry Assist
- Concord Premier:
Monthly fee of $119.95
This plan will have everything that was in the previous plan, as well as:
- Credit monitoring
- Alerts when the score changes
- Credit score analysis
- Premier Plus:
Monthly fee of $139.95
This plan is the full package! It comes with all of the services that were listed in the plans above, in addition to the following:
- Cease and desist letters
- Access to FICO
- Score tracking
- Lost wallet protection
- Junk mail reducer
- Tools for financial planning
2. Credit Saint
Credit Saint is in second place on this list! The company has been helping people fix their credit scores for a long time now. They have an excellent BBB rating of A+, which is rare. Their rating is also how you know they are good and legit. They also have a 90-day money-back guarantee if they do not get rid of any of these negative items:
- Late payments
- Charge offs
Credit Saint also gives you three options plans for its services:
- Credit Polish:
Fees include $79.99/month, as well as a $99 first work fee.
This plan gives you:
- Challenges to the Three Credit Bureaus
- Score Analysis
- Creditor Interventions
- Score Tracker
- Credit Remodel:
Fees include $99/month, as well as a $99 first work fee.
This plan will give you all that was offered with the Credit Polish plan, in addition to these:
- Review target
- Experian monitoring
- Clean Slate:
Fees include $199.99/month, as well as a $195 first work fee.
This is the Credit Saint full-service plan. It has all of the following, in addition to the services in the other plans:
- Unlimited Challenges to the 3 Credit Bureaus
- Creditor Interventions
- Score Analysis
- Score Tracker
- Inquiry Targeting
3. The Credit Pros
The Credit Pros comes in third on our list of really good credit repair companies. This company will give you a huge amount of services. Some of these services include the following:
- ID Theft restoration and insurance
- Cease and desist letters to collection agencies
- One-on-one action plan with a certified FICO Professional
- 24/7 access to the client portal
- Debt validation letters to creditors
- Goodwill letters to creditors
- Unlimited dispute letters
The Credit Pros has three subscription plans regarding its credit repair services:
- Money management: $69/month and a $119 first work fee.
This plan will give you the following:
- One-bureau report and scores
- ID Cover® Darkweb monitoring
- TransUnion® alerts
- Real-time account sync
- Bill reminder
- A budgeting system
- Prosperity Package: $119/month and a $119 first work fee.
This plan comes with everything that is in the previous plan, as well as:
- Credit bureau challenges
- Cease & desist letters
- Creditor interventions
- Letter of Reference
- Success Plus Package: $149/month and a $149 first work fee.
This plan is The Credit Pros' full-service package. It will give you all of the services in the plans above, as well as these:
- Credit Builder Loan
- Three-bureau reports and scores
How Exactly Does Credit Repair Work? | Several.com
How to Find the Best Credit Repair Company for You? | Several.com