When your credit score is low, the results can have a lasting impact on many areas of your life. From not being approved by lenders to paying higher interest rates on mortgages and cars, a poor credit score can cost you thousands of dollars. Luckily, there are plenty of fast credit repair services that can help you clean up errors and improve your score quickly.
However, before you choose a service, it’s important to know what’s involved. A reputable credit repair company should take steps to review your report, identify inaccurate and negative items, communicate with the bureaus and creditors on your behalf, and provide you with tangible opportunities for improving your credit. A reputable credit repair agency will also be transparent about their fees and services, allowing you to make an informed decision.
The best credit repair agencies will offer a free consultation to determine the specific challenges in your credit report and how they can address those challenges. They should provide you with a contract upfront that includes service details, payment terms and dates of service, as well as the company’s contact information. You should be able to cancel a contract within three days of signing. A reputable credit repair service will also have a strong track record of successful disputes with the bureaus and their creditors.
In addition to disputing errors in your credit report, you can also try to raise your credit score by paying down balances on cards that are in collection or have been charged off. Paying down debts helps reduce your credit utilization ratio, which makes up 30% of your credit score. Additionally, you can try to increase the credit limits on your current cards. Credit bureaus look at the amount you owe on each card and compare that to the total amount of available credit. A higher credit utilization ratio will lower your credit score, while a low one will boost it.
Another way to improve your credit score is to get a secured card. A secured card is backed by cash or a savings account, and it will be easier to qualify for than a regular debit or credit card. However, you should be aware that having a secured card will appear on your credit report, making it more visible than an unsecured one.
The fastest credit repair companies will work with you to review your credit reports, identify inaccurate and negative items and dispute them on your behalf. They will also help you develop a plan for repairing your credit and help you establish good financial habits to maintain a high credit score in the future. A reputable credit repair agency will be transparent about their fees and services, as well as have a solid track record of successful disputes with the bureaus.
In addition to a low startup fee, Sky Blue offers a unique feature that allows you to skip a month of credit repair services without canceling your subscription. The service also has a money-back guarantee and lets you pause your membership at any time.