We review and compare credit repair companies based on plans, types of disputes and rates to choose the main providers. Our best options can help you choose. An alternative to a debt settlement company is a not-for-profit consumer credit counseling service. These nonprofit organizations can try to work with you and your creditors to develop a debt management plan that you can afford and that can help you get out of debt.
They will usually also help you draw up a budget and provide other types of financial advice. According to the Federal Trade Commission (FTC), if the buyer regrets purchasing the services of a credit repair company, he has the right to terminate his contract within three days without paying any fees or penalties. You'll need to shop around to find the best credit repair company that offers the services you need at a price you're happy with. If you signed up for credit monitoring, you can see the company's progress by checking your credit reports regularly.
Accredited credit repair companies will publish their prices and services clearly, so that consumers can select the right package for their needs. Demonstrate confidence in your ability to challenge errors in credit reports and help you correct your credit reports. When looking for the right credit repair company for you, it's a good idea to consult the CFPB complaint database and check how many complaints, if any, have been filed against that particular provider. The credit repair process begins with a free consultation, either by phone or through an online appointment.
In addition, with your Success Plus plan, you'll have unlimited access to credit agency disputes, creditor interventions, your credit reports and ratings at all three agencies, and a loan to build credit. The credit repair industry is strictly regulated and must comply with the provisions of several federal laws intended to protect consumers. This law requires credit repair companies to take certain steps, such as informing you of your legal rights, giving you three full days to cancel your contract, and informing you in advance of the total costs of their services. Founded in 2004, the company has nearly two decades of experience in credit repair and also offers services such as personal finance tools and identity protection.
Founded in 1989, the company has the experience and consumer-oriented approach to provide you with the credit repair service you need. The plan includes credit analysis, unlimited disputes, letters of good will, inquiry challenges and credit monitoring. The CROA sets clear guidelines that legitimate credit repair agencies must follow, and it's important to ensure that the company you choose complies with them at every step of the process.