Best Credit Repair Companies in Phoenix, AZ

Credit repair in Phoenix

You might think bad credit only keeps you from getting a loan or credit card, but it goes further than that. In severe situations, bad credit can leave you homeless and jobless. Still not convinced? Phoenix is ranked 359th for the worst credit score in the U.S. Valley residents score an average of 646, compared to the national average of 675.

Credit repair is essential to:

• Get a lower interest rate. Credit affects your insurance premiums, including life, auto and home. Bad credit means you’ll pay more for insurance than you would if you had better credit.
• Buy a new home. Many banks won’t lend you a mortgage until you’ve repaired your credit.
• Purchase a new (or newer) car. Auto lenders check credit before lending to you. A loan application could be denied without a good credit score.
• Get a job. Potential employers check credit before hiring you. A bad credit history could cost you the job or promotion you’ve been trying to get.

Getting inaccurate and unverifiable negative information off your credit report is one the fastest ways to improve your credit score. Credit bureaus must respond and resolve a dispute within 30 days. However, some credit issues are more complicated and will take more time.

Phoenix credit repair companies provide customers with several credit restoration services, such as real-time online credit monitoring, identity fraud alerts, debt validation and goodwill letters. A personal case manager or a team of representatives will handle your case.

The credit repair process is quite simple:

1. Customers fill out an online application to receive their credit report.
2. Upon receipt of the credit report, a credit repair company in Phoenix will conduct a line-by-line review and dispute erroneous or unsolved information reported by lenders.
3. As each item is resolved, customers can track their progress online.

Credit repair companies often charge a setup fee plus a recurring monthly fee. During the selection process, you’ll know you’re encountering a scam if a company:

• Demands payment prior to work (not including setup fees used to get your credit report)
• Prohibits you from contacting the credit bureaus yourself
• Disputes true information in your credit report
• Gives you false information for credit or loan applications

Credit repair services can be beneficial for anyone in Arizona wanting to improve his or her credit score—from not having enough credit history, to fraud, late payments or owing too much relative to income. The best credit repair companies in Phoenix are transparent in their process and upfront about costs.