You’ve probably come across numerous ads that promise to solve your bad credit problems. Can credit companies really fix your bad debt or are their catchy ads just the usual marketing gimmicks to ensnare customers? Honestly, the majority of credit restoration ads on the internet are from legitimate companies. However, credit repair services have existed for several decades and employ legal means to either restore your money or increase your credit rating. Credit repair and credit restoration companies do not use magic as implied from the internet scams.
When to use credit restoration?
1. In case of legitimate faults on your credit report
The major work of all credit repair and restoration service is to get rid of errors on your credit reports. Such errors might range from simple errors in your private information to errors in reporting to creditors. A sizable number of errors can, in fact, injure your credit hence if you are convinced that your credit report has errors you can solicit for help from credit repair and restoration company to rectify those errors on your behalf.
2. When you have unverifiable errors
Every detail on your credit report should be verifiable. Credit repair and restoration companies remove a negative item from your credit report in the case where a lender is not available for verifying the negative item. By exploiting this loophole, credit repair services are able to raise your scores.
3. When your creditors are willing to cooperate with credit repair service provider
Credit repair service providers have been in the credit repair service business long enough and hence have accumulated enough experience on how to corner your creditors on your behalf. It’s true many lenders shun credit repair agencies, but for those few who are willing to listen, it’s good to let credit repair agencies to give it a try and see whether they can raise your scores.
The Most Honest Credit Repair Companies
Here is a list of the top credit repair restoration companies that we recommend. Three things define a reliable credit repair company and distinguish it from a scammer. These three things include reputation, longevity and money-back assurance.
Here are some of the most reliable credit repair companies
SkyBlue Credit Repair services charge only $59 per month on top of $59 deposit, which is far cheaper compared to other credit repair services agencies. The agency also has an A+ rating by BBB, which is the highest score for credit repair services by the regulator. Furthermore, SkyBlue offers a comprehensive 90-day refund regardless of the reason. This is quite strange in credit repair business.
Another recommended credit repair services are Lexington Law Credit Repair, which has a reputation as a law firm specializing in credit law. This means that the firm is aware of the legal ramifications when handling lenders. Lexington Law also has an A rating on BBB scale and good ratings on Google. They have been operational longer than most credit repair services. Additionally, the firm invests in the price-sensitive segment of the credit repair market at $59.95 per month on top of a $99.95 deposit fee. The deposit fee is inclusive of the whistles and bells, which accompany their credit repair package, including a guarantee.