When it comes to credit repair, you don't need to pay a company to do something you can do yourself. Consumers have the right to challenge any inaccurate information on their credit report, and this process is free of charge. Instead of paying a company to send letters of challenge, you can use that money to pay off any late obligations, outstanding collections, or credit card debts. The cost of credit repair services varies greatly depending on the company you choose and the services you want.
When you repair your credit on your own, the cost ranges from nominal shipping costs to completely free shipping costs. On the other hand, paying an outside credit repair company to remove negative information sooner can cost hundreds or even thousands of dollars and won't remove anything from your report that is accurate. In this article, we'll discuss how much credit repair services cost, four of the best credit repair companies available, and how much you'll pay to do it yourself. We'll also look at the National Foundation for Credit Counseling and their low-cost debt counseling, debt consolidation, and debt management plans.
How Much Do Credit Repair Services Cost?
The cost of credit repair services depends on the company you choose and the services you want.Some companies offer a flat fee for their services while others charge a monthly fee. Some companies may also charge additional fees for certain services such as sending letters of dispute or requesting copies of your credit report. When you repair your credit on your own, the cost ranges from nominal shipping costs to completely free shipping costs. You can also use online tools such as Credit Karma or Credit Sesame to monitor your credit score for free.
Four of the Best Credit Repair Companies
If you decide to use a credit repair company, there are several reputable companies available. Here are four of the best:- Lexington Law: Lexington Law is one of the most popular credit repair companies in the US.
They offer a variety of services including credit monitoring, dispute resolution, and identity theft protection.
- Sky Blue Credit Repair: Sky Blue Credit Repair offers a variety of services including dispute resolution, debt validation, and credit score optimization.
- Credit Saint: Credit Saint offers a variety of services including dispute resolution, debt validation, and credit score optimization.
- Ovation Credit Services: Ovation Credit Services offers a variety of services including dispute resolution, debt validation, and credit score optimization.
Do It Yourself Credit Repair
If you're interested in doing it yourself, there are several steps you can take to improve your credit score. First, check your credit report for any errors or inaccuracies. If you find any errors or inaccuracies, contact the appropriate credit bureau and dispute them. You can also contact creditors directly to negotiate payment plans or settle debts for less than what is owed. You can also take steps to improve your payment history by making sure all payments are made on time.Additionally, you can reduce your debt-to-income ratio by paying off high-interest debt or consolidating multiple debts into one loan with a lower interest rate.
National Foundation for Credit Counseling
If you're interested in using a credit counselor, the National Foundation for Credit Counseling offers low-cost debt counseling, debt consolidation, and debt management plans. They also offer free financial education courses and resources to help consumers better manage their finances.Conclusion
Credit repair costs nothing if you handle the process yourself. There's nothing a credit repair company can do for you that you can't do for yourself. Consumers have the right to challenge credit information that they believe to be inaccurate.This process is, and has always been, completely free of charge. If you decide to use a credit repair company, there are several reputable companies available. Additionally, if you're interested in using a credit counselor, the National Foundation for Credit Counseling offers low-cost debt counseling, debt consolidation, and debt management plans.
