The Importance of a Credit Repair Company
In a perfect world, people won’t need to get loans or financing since they are all earning enough money to be able to cover all of their monthly expenses and still have enough to be able to enjoy life with their friends, families, and loved ones.
Unfortunately, we don’t live in a perfect world, which is why a lot of people are turning to certain types of financing and debt to help them get by or to have some chance of enjoying life. Now, there’s nothing wrong with getting a loan and going into debt, as it can really help you, especially if used correctly. But if you’re not careful with how you handle debt, you will only end in up in a bad financial situation, which can cause you to default or be late with your repayments.
When you default in your loan or are late with the repayments, it will have a negative impact on your credit score. A bad credit score will make it harder for you to get approval for a loan and will force you to get loans at higher interest rates and fees. Getting a loan at higher interest rates and fees is not a good thing, as this will make it harder for you to pay it off. This is why it’s important to take care of your credit rating in order to avoid this scenario.
But if you do find yourself in this kind of situation, don’t worry, as there are ways for you to improve your credit score. Now, a lot of the solutions you can do on your own, but it would require time and effort on your part. If you don’t have the time for it, you can get the services of a credit repair company. They are designed to help you repair your credit and improve your score without the need for you to do it yourself, allowing you to save time and effort.
Of course, a credit repair company will cost you some money. But don’t worry, as this article will provide you with a list of some of the most affordable credit repair companies you can find.
What a Credit Repair Company Can Do For You
Before we discuss the different and affordable credit repair companies that can help you fix your credit score, let’s first discuss what a credit repair company can really do for you.
First things first, the services that a credit repair company offers is something that you can already do on your own. So why would you need their services then? Well, it’s for convenience, as trying to improve your credit score on your own will be time-consuming and will require a great deal of effort on your part. Not to mention the things that you also need to learn to ensure that what you are doing is correct and legal.
So, a credit repair company will basically help you fix and improve your credit score. This will include disputing inaccurate information about your report to credit bureaus and also credit interventions. Some credit repair companies provide added service that goes beyond that of credit repair like identity theft protection, credit monitoring, and so on. Though the services that they offer are for the improvement of your credit score, there are some things that they cannot really do for you.
For one, a credit repair company cannot really erase any accurate negative information on your credit report. The only thing that they can erase is negative information that is inaccurate. So if a company promises to erase all of the negative information on your credit report, they are likely lying to you and you should stay away from them.
Another thing is that they cannot really advise you, or even help, you with anything illegal like faking your information to have a higher chance of getting loans with low interest rates. These are illegal and you will be liable for criminal charges if you are caught doing it. Credit repair companies who offer these things are likely a scam.
The Top Affordable Credit Repair Companies
Now that you know what a credit repair company can do for you, it’s time to talk about the top companies that are affordable.
- Sky Blue Credit Repair – The first on the list will be the Sky Blue Credit Repair. This company is not the cheapest available, but the value they offer for the price you will pay puts them ahead of the others. Their credit repair service will only cost you $69 a month and it will include all of the basics and necessary things you will need to help repair your credit report and improve your credit score. Included in their service is the ability to dispute a total of 15 items, 5 items per credit reporting agency, every 35 days. Sky Blue Credit Repair also has one of the best customer services in the industry so you will know you will be taken cared of. The company’s initial evaluation of your credit report will also sometimes tell you if you really need the services of a credit repair company or if it would be better to do it yourselves. One problem with Sky Blue Credit Repair is that their offerings are very basic. They don’t really have any fancy and special add-ons that other companies usually offer.
- CreditRepair.com – If you don’t really need a lot of work done to be able to fix your credit report, you can choose to go with CreditRepair.com. The company probably offers one of the lowest credit repair services. For as low as $49 a month, you will be able to enjoy their basic services, which include bureau challenges and credit interventions. They are also considered as one of the popular credit repair companies out there and will offer you more than 20 years of experience in the industry. About the only problem with their cheapest credit repair service is that the offering is not one of the best that you will see. Their low-cost credit repair won’t include any of the special add-ons like credit report monitoring and protection from identity theft. This plan won’t even include the cease and desist letter that their regular rate offers.
- Ovation Credit – Ovation credit is another affordable credit repair company that can help improve your credit score. Their most affordable service costs only $59 a month and will include all of the basic and necessary things you will need to improve your credit score. These things will include credit intervention, disputing your credit report and submitting it directly to credit bureaus and more. They also provide a dedicated case advisor for you so you won’t have to worry about talking to different people whenever you call the company. One main issue with Ovation Credit is that you won’t be paying $59 for the first month of the service, as the fee you need to pay will be $89. The additional $30 is for the setup fee and it’s only during the second month will you start paying $59 a month.
- The Credit People – The last affordable credit repair company you can approach is The Credit People. Their service cost $89 per month, but the beauty of this company is that it offers a $39 7-day trial for you to try out their services before you can decide to actually get them. Once you decide to push through with their credit repair service, that’s the only time you’ll need to pay the remaining to reach the $89 a month fee. This service plan will include the basics and necessary things you will need to improve your credit score. If you’re not happy with their service, the company has a 60-day 100% money back guarantee. So getting them will be risk-free on your part. Plus, the company also gives you the option to deal with only a single individual or with a team. In this way, you can decide if you would prefer to talk with only one person within the company or have multiple persons to contact. But similar to Sky Blue Credit Repair, The Credit People don’t really offer any special add-ons to the services they are providing.
The Bottom Line
Having a bad credit score is very unfortunate, as this means getting approved for a loan will be harder and the interest rates you will be getting are likely very high. This is why a lot of people opt to fix their credit score first before applying for financing.
When you decide to fix your credit score, you can choose to do it on your own to avoid paying fees to companies. This is a good option, especially if you don’t really have the extra funds to hire someone to help you improve your credit score. The problem here is that it will eat up a lot of your time and will require effort on your part. Fortunately, there are credit repair companies available that won’t really cost you a lot of money.
These credit repair companies still provide the basic and necessary things you will need to help fix your credit report and improve your FICO score. The list provided above are some of the best and most affordable credit repair companies you can find in the market. If you really want to go for the one that will offer you the best bang for your buck, then that company is none other than Sky Blue Credit Repair. The company’s combination of a service that is affordable and comprehensive provides you with the best option for a credit repair company.