Credit affects every aspect of your life. Low credit scores can increase insurance premiums and interest rates, making it harder to purchase a new home or vehicle. A good credit repair company allows you to have access to your credit score process while building your credit in the shortest amount of time. Our partners at ConsumerAffairs researched the best credit repair in Phoenix to help you increase your credit score.
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:
Customers fill out an online application to receive their credit report.
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.
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.
Credit Saint assigns a team of specialists to your case that will call once a month to make sure you are on the right track. The company offers a 90-day money-back guarantee if you don’t see inaccurate negative items, like collections and late payments, removed from your credit report.
Lexington Law offers three credit repair service levels that include real-time fraud protection alerts and access to InquiryAssist to address score-damaging credit report inquiries. However, some customers note poor service and failure to have inaccuracies removed promptly.
The Credit People offers low monthly pricing, free credit reports and an Unbeatable Satisfaction Guarantee. With trained and certified representatives handling each case with unique strategic action, The Credit People exceeded customers expectations.
Creditrepair.com helps you repair your past by working with bureaus and creditors to ensure that your credit score is reflected accurately. Online reviews of Creditrepair.com are mixed. Some customers reported receiving credit scores up to 85 points higher than their previous one, but others struggled with inconsistent customer service representatives.
Since 1989, Sky Blue Credit Repair has been delivering a user-friendly experience, pinpointing specific actions you can take to raise your credit score. As part of a monthly membership, the company also offers additional services like debt validation, goodwill letters and negotiation guidance. Customers in Phoenix favorably review the company’s knowledgeable staff and quick service.
The Credit Pros offers one-on-one consultations in Phoenix with certified FICO professionals and credit monitoring at no additional cost. The company’s easy-to-read credit reports and personalized score insights help customers understand their credit score and what they can do to improve it. Free consultations are offered.