Figuring out how to improve your credit can feel like an impossible task. That’s where credit repair services come in. A credit repair company disputes errors on your credit report and works on your behalf to raise your score. Our partners at ConsumerAffairs researched the best credit repair in Waco to find reputable companies to help boost your score.
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The average credit score in America has increased steadily since 2013 and is now at a healthy 675. But unfortunately for Waco residents, Texas is in the top 10 states with the lowest credit scores. The average Texan has a credit score of 656 and credit card balance of $6,902.
Bad credit impacts your finances and lifestyle. A low credit score tells lenders that you are high-risk, and they will charge higher interest rates or may deny the loan for a mortgage or application for a credit card.
In one study, the Federal Trade Commission found that 1 in 5 consumers had an error on their credit report. Once the errors were disputed, 20 percent of these consumers increased their credit score and decreased their credit risk tier, making them more likely to receive better rates.
How credit repair works
Credit repair services become an ally to clean up your report. They work with credit reporting agencies to dispute errors and negotiate removals to help raise your score. Credit repair companies also give guidance to help boost credit on your own, such as opening new lines or paying off old bills.
Critics say that credit repair companies do work that you can do yourself—and that’s correct. But for many consumers, paying an expert is worth it because credit repair companies understand the process and how to argue with multiple agencies and get results.
How much does credit repair cost in Waco?
Typically you hire a credit repair company on a monthly basis until your credit is fixed, which takes several months to a year depending on your situation. The monthly fee ranges between $60 and $100, and often comes with an additional, up-front set-up cost. The Credit Repair Organizations Act bars companies from demanding advance payment and must allow for full-refund cancellations within three days.
The Federal Trade Commission provides helpful tips on how to identify if a credit repair company is a scam. Read reviews online and research a company’s rating on the Better Business Bureau to make sure you’re dealing with reputable credit repair in Waco.
Sky Blue Credit promises one of the fastest repairs in the industry; its experts dispute 15 items every 35 days, including even the subtlest disputes. Sky Blue also offers extra services at no additional cost, including debt validation, goodwill letters, cease and desist letters and debt settlement consultations. You can also track your progress along the way via your Sky Blue Portal.
Since 2004, Lexington Law has been challenging creditors and mentoring customers in order to find better credit solutions. With three levels of service, you can find the right solution. The average length of service is six months—half the time of other competitors. In 2017 alone, Lexington Law had over 10 million removals and 500,000 clients.
In 2017 and 2018, Credit Saint was ranked #1 by The Credit Review based on its industry-leading 90-day, money-back guarantee and 95% 45-day customer credit improvement rate. Credit Saint offers a free no-obligation personal consultation and maintains an A+ rating with the Better Business Bureau.
With some of the lowest set-up fees and monthly prices, The Credit People is an affordable option for credit repair. The Credit People also offers a 60-day, 100% money-back guarantee and free initial credit reports, which is rare in the industry. The Credit People is certified by the Fair Credit Reporting Act and has experts available 24/7.
Credit Pros allows cancellation at any time and charges per removal, rather than a set monthly fee. Each customer is assigned a specific FICO specialist, who becomes a partner through the removal process. The Credit Pros earns great ratings, with reviewers stating that their service was impressive, honest and truthful.
Customers see an average 40-point score gain in the first four months of using CreditRepair.com. The company uses an educational approach and innovative technology to guide you through the repair process using a customized plan of attack. CreditRepair.com also offers a free credit analysis to see if you would benefit from its product.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.