Should you decide to use Safeport Law’s services, you’ll be asked to provide some personal information, after which your attorney will obtain your credit report at no cost. creditrepair has the potential to damage your credit score. That said, if your credit score does experience a drop, it’s usually minor. Credit inquiries only remain on your credit report for 24 months but only affect your credit score for 12 months.

Step 7: Monitor Your Credit

You put an amount equal to your credit limit in an account as a deposit. For one, credit repair companies are for-profit, while credit counseling agencies are typically nonprofit organizations. While the former offers a limited paid service, the latter takes a big-picture approach to your overall financial health. You don’t need to pay for a credit repair service to improve your credit score. Before the company takes action, you’ll have to sign a contract that fully lays out the payments you’ll have to make, the services it will provide and the timeline it’s going to follow. And, most importantly, if you change your mind, you’re allowed to cancel your contract within three days of entering into it.

Avoid Closing Old Credit Cards

These requests must come from the executor, and the executor must provide the death certificate of the deceased harmed consumer, proof of identity, and a legal documentation providing proof of executorship. Eligible consumers were identified as customers of CreditRepair.com and Lexington Law who were illegally charged upfront fees or were subjected to allegedly deceptive advertising. Between December 5, 2024, and January 6, 2025, JND Legal Administration will distribute $1.8 billion in civil penalty funds and consumer redress to harmed customers. The CFPB has identified eligible individuals based on records provided by the companies. It won’t take long to find out if you’re pre-approved for a new credit card. The good news is that with planning and good habits, it’s possible to improve your scores.

Through personalized advice and strategic guidance, Ovation equips its clients with the necessary tools and knowledge to effectively manage their credit. Although the effect is minor compared with other information on your credit report, the types of accounts you open can impact your credit score. If you find that your credit report is one dimensional (e.g., you only have credit cards), applying for another type of account might benefit you.

The rule “also prohibits debt relief providers from making misrepresentations and requires that they disclose key information that consumers need in evaluating these services,” they write. With each of their plans, a “first payment” equal to the monthly plan fee is required. You can calculate this ratio by dividing your total credit card balances by your total credit limits.

Here they bring the big guns out with added bureau challenges, credit interventions, and cease and desist interventions. Since 2012, CreditRepair.com has performed more than 1.8 million removals and 19 million challenges and disputes. When you’re ready, you’ll select one of three credit repair packages best suited for your needs. As such, it’s a good idea to avoid applying for a credit card or loan without a valid reason.

If you’re frustrated trying to cancel your subscription, membership, or bill from Credit Repair Training—or if you didn’t even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. Just connect your bank or email account, and we’ll take care of the rest. Once you get going, however, try to avoid taking on more debt than is necessary just for the sake of building credit. View specific factors that are affecting your score and how to improve it.

We believe in flexibility, fairness, and building trust—not locking you into something you don’t need. With over two decades of industry insight, I became a certified credit counselor and certified financial wellness coach to help others walk that same path—legally and successfully. I’m Tim Sanders, founder of Credit Repair of Florida — and I know exactly what it feels like to struggle with bad credit. In 2008, after experiencing  bankruptcy and foreclosure, I had to rebuild everything from scratch.

Whenever you apply for new credit, the lender checks your credit report. This is called a hard inquiry and can briefly lower your credit score by a few points. If you truly need new credit—such as a debt consolidation loan—don’t apply until you find loans you’re likely to qualify for. If your utilization rate is 30% or more overall or on a single account, pay down your credit card balances to see a potential boost to your credit scores.

How Much Do Credit Repair Companies Cost?

Educate yourself on what goes into a credit score and address each component when and where you can. Paying bills on time and building a plan to pay back credit card debt is a great place to start. In the case of credit cards, you should also aim to keep your utilization low and, ideally, pay off your full balance each month to avoid paying interest. In May of 2019, the CFPB filed a complaint in U.S. district court against several companies in the credit repair industry, including Progrexion and CreditRepair.com. Serving individuals in the Los Angeles metro, Comet Credit Repair is a company composed of locally residing specialists.

You can take steps to repair your credit and rebuild your financial future. We’ll explore do-it-yourself credit repair strategies, discuss credit repair companies, and highlight other valuable resources to help you on your path to better credit health. A reputable credit repair company may be able to help you take steps to resolve issues that are harming your credit more quickly.

There’s no defined standard on how many credit cards you should have. However, experts recommend holding two to three credit accounts at a time. To be clear, the idea of fixing your credit might imply that you can reverse damaging marks on your credit report.

FICO is a credit score created by the Fair Isaac Corporation (FICO) and used by lenders as a way of judging a person’s creditworthiness. FICO scores range from 300 to 850, with marks around 680 or above considered a “good” credit history. If you switch from another credit repair company, you’ll receive a $50 credit for Ovation’s services.

There is no one-size-fits-all strategy, and the process can be a minefield. You need to know what steps to take, where to find help and which credit repair companies to avoid. Credit repair services are typically set up as monthly subscriptions, with fees ranging from $50 to $100 depending on the service offered. Many companies have add-on benefits available through different tiered plans.