Ovation Credit Services: Closed For Business
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Updated On: June 24th, 2024
Ovation Credit Services, once a prominent name in credit repair, has ceased operations as of April 2023. Acquired by LendingTree in 2018, the Jacksonville-based company aimed to help borrowers address credit issues and achieve financial goals. However, due to financial challenges faced by LendingTree, including a significant loss in 2022 and declining share prices, the decision was made to reduce their workforce, leading to the closure of Ovation. This move affected approximately 200 employees.
While Ovation Credit Services is no longer available, our previous review provides insights into the company's history, services, and reputation before its closure. Read on to learn more about what Ovation offered and how it aimed to assist customers with their credit repair needs.
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Quick Stats
A Brief About Ovation by LendingTree
Established in 2004, Ovation by LendingTree has made significant strides in credit repair. They boast that they have corrected over 200,000 credit reports and that, on average, clients can expect 19 updates or deletions to their credit profiles during the program. Renowned for their success in removing negative accounts, they aim to improve clients’ credit, educate them on avoiding future credit mistakes, and resolve credit report issues. They collaborate with both credit bureaus and creditors to ensure accurate and efficient credit repair.
A core value of the company is consumer education and empowerment. Many customers appreciate the financial knowledge they gain, which extends beyond credit score improvement to overall financial well-being. Ovation by LendingTree helps you identify and correct false information on your credit reports, which can significantly impact loan eligibility, service access, and interest rates. Trusted widely for their comprehensive credit repair and monitoring services, they offer these services online, via phone consultations, and through electronic account management. The company operates in 46 states, including Washington, D.C., Puerto Rico, and all US territories, with plans to expand to Idaho and Ohio. However, due to state regulations, they are currently restricted from offering services in South Carolina and Minnesota.
Ovation by LendingTree guarantees value for money with their credit repair plans, assisting you through complex dispute processes, offering free consultations, and providing tools for better financial management. As an accredited Better Business Bureau (BBB) member with an A+ rating for over 16 years on their BBB business profile, their excellent reputation reflects the high quality of the services provided.
How Does Ovation by LendingTree Work?
Ovation by LendingTree has strived to do wonders for countless customers over the years. On average, there are 19 improvements per customer. With that in mind, these are the four steps you'd need to take to improve your bad credit with them:
- First, a Professional Credit Analyst reviews your financial background with you, as well as your credit reports, to see which programs would work best
- If you choose to sign up with them, they will then work with you individually through their team of expert case advisors, including a dispute manager who flags your credit report inconsistencies
- After that, they will work on your behalf by disputing inaccuracies and negative items on your credit reports. With their extensive credit expertise and ground-breaking electronic disputing system, they can do all of this seamlessly
- Lastly, they will keep you updated with responses and results 24/7 through your personal case management portal on their website, as well as by email
So now that you know how they work, here are some of the top features they provide:
- Customizable services and plans: Their program choices start at $49.00 per month. However, the more features and services you require, the more you'll pay
- Same-day service available: With their Fast Track service, you can get priority same-day services during the disputing process
- Top-notch customer service: You will work one-on-one with a team of professionals who will walk you through the entire process and guide you through your credit repair options
- Personalized dispute options: This feature allows you to dispute the accuracy of information on your credit report, including any item you believe to be false, ambiguous, incomplete, or questionable in any way
Ovation by LendingTree has proven results in disputing the following issues:
- Late Payments
- Collections
- Charge-Offs
- Bankruptcies
- Repossessions
- Foreclosures
- Liens
- Judgments
Credit Repair Services & Benefits of Ovation by LendingTree
Ovation by LendingTree aims to provide services that are both practical and effective, with a focus on maximizing customer benefit. They operate with a month-to-month contract structure, providing flexibility and numerous benefits to their clients.
Credit Repair Services
They offer a variety of credit repair services, including:
• Identifying and correcting credit report errors
• Providing credit education and tools
• Monitoring your credit
• Delivering positive results
Benefits
Among the notable benefits they impart to their clients are the following:
- Dedicated Professional Case Advisor: Clients are assigned a personal case advisor who offers focused support throughout the entire program, potentially leading to better results
- Financial Education and Planning Tools: Members have access to a range of learning tools designed to improve credit management and overall financial health
- Discounts: Couples (any two people) can receive 20% off enrollment and monthly fees, and active or retired military members and senior citizens (over 65) can receive 10% off. Additionally, referral fees of $30-$50 are offered for each person referred who enrolls in the program
- Flexible Cancellation Policy: Customers can cancel their subscription at any time without prior notice. The contracts are month-to-month, allowing clients to continue as needed
Ovation by LendingTree's Pricing
Their prices are meant to be very affordable and flexible, which means they can fit almost any budget! At a glance, it may seem as though they are slightly more costly than other credit repair service providers; however, Ovation by LendingTree offers a vast array of features and benefits to guarantee the maximum value for your money. There is an upfront initial fee, as well as monthly subscription fees. You will also have the option to cancel the membership at any time you wish, with no notice in advance required! In addition, they have several discount options available for seniors, military, and couples, as well as for referrals from friends and family.
Their memberships include two credit repair packages and a paid credit monitoring package. Some of their services, however, are only provided to premium members, such as the credit monitoring service or unlimited disputes. Their two main plans are:
- Essentials Plan: This plan includes basic services. The upfront fee is $89, and the monthly fee is $79
- Essentials Plus Plan: This plan includes everything in the previous plan and some additional custom features. The upfront fee is also $89, and the monthly payment is $109
They also offer two low-budget programs.
- Essentials Lite: This program was made for people with minimal credit issues that need to be addressed. The one-time account setup fee is $49
- Credit Booster: This program is very similar to the previous one and costs only $49. If you have very few issues with your credit, these two programs are perfect for you. This is especially the case if you are on a tight budget as they are priced very economically
How to Contact Ovation by LendingTree
If you would like to contact the Ovation by LendingTree team, you may call them at (855) 205-4072 or email them at info@OvationbyLendingTree.com. You also have the option of messaging them directly on their social media accounts; they have accounts on Facebook, Instagram, Twitter, and LinkedIn.
In addition to the above, they have a YouTube channel and Pinterest. There is also an online portal with 24/7 access to updates regarding cases. However, this is for current members.
Their working hours (EST) are:
Monday-Friday: 8 AM - 9 PM
Saturday: 10 AM - 4 PM
Final Verdict on Ovation by LendingTree
Based on the countless positive customer reviews and their A+ BBB rating, we can confidently say that Ovation by LendingTree has a solid reputation, as verified by their many clients, who have had their credit scores significantly improved with them. With their educational tools, many features, and unmatched credit repair services, we might have recommended them were they still offering their services.
To continue your research on the best credit repair companies be sure to visit our reviews page, blog, and comparison tool to see different company offerings side by side.
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