Building and safety

Acquire credit rating restoration organization education

How To Start A Credit Repair Agency

With the most basic package, Concord Standard, you’ll pay for Lexington Law to ensure that your credit reports are accurate. It’s important that business owners take the steps to understand, build, improve, and manage their business credit profiles. In your hunt for online credit card processing solutions, you’re not going to be able to go to a tier 1 bank and open up a merchant account. Because these businesses deal with sensitive information, sell services at different price points, and often utilize recurring billing, credit repair services are higher risk for banks. These same banks will deny your application due to these reasons, leaving your business out of luck.

Their A+ rating at the Better Business Bureau is the best in the credit repair industry and they also offer a 90-day money back guarantee for their services. If you want a free credit consultation to see if they can help, you can talk to one of their credit pros for free without any obligation. Federal law guarantees you at least one free copy of your credit report from each of the leading three credit bureaus each year. If you’d like to see what you’re working with before committing to $100 or so a month, you can request your reports here or by visiting annualcreditreport.com. Most credit bureaus now include online tools to dispute items on your report but it is still highly recommended that you send it via certified mail instead.

The price is dependent on services included with the most expensive package including cease and desist letters, identity protection, credit score tracking and more. Likewise, there is a range of monthly fees from different credit repair companies. Several of the top credit repair companies we reviewed offer a base plan at $79 per month, which should be adequate for many customers. Prices go up as you add features or the number of people using the plan. The highest monthly rate we found for a single person was $129.99, and for couples it was $198. Almost all credit repair companies charge a first work fee to create your account and get started.

I currently have 2 credit cards with a total available credit balance of $12,500. I’m not concerned about going into debt but I do want to get my score as high as possible. If budget is your main priority, consider going with a hybrid approach of DIY and professional help.

CROA establishes clear directives that legitimate credit repair companies should follow, and it’s important to ensure the company you choose is compliant in every step of the process. The credit repair company will walk you through the process, pull your credit reports from all three bureaus and determine if you’d be a good candidate for credit repair. If there are just one or two negative items, you’ll likely be better off applying any fees toward paying down debt and disputing any errors in your credit reports yourself. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. With the more expensive packages, PremierPlus and Concord Premiere, you’ll have access to additional tools.

Leave a Reply

Your email address will not be published. Required fields are marked *