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are credit repair companies scams ?

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answered by (19.8k points)

Credit repair refers to the simple process of identifying the errors in a credit report, and giving ways in which it can be solved, or solving it for you at a cost. 

Although a credit report may not always require to checked, and most of the times it is usually error free, the law still dictates that it be done. There are two ways to do this. One includes the do it yourself way, and the other one, is where you forward your credit report to a credit repair company.

 However, not all the companies are as good as they claim to be. Out there, there is credit repair sites scam, where the company is usually more focused on how it can con you, than how it can help you. 

 

TIPS:

The monthly cost for credit repair services is generally in the same area. 

One of the best and cheapest services is Sky Blue Credit Repair, which charges $59/month. Lexington Law, another leader in the credit repair space, charges $59.95/month. ( Here’s a side-by-side comparison of Sky Blue and Lexington Law ) 

Another trusted credit repair site, CreditRepair.com , charges $89.95/month, but they also provide more features than the standard plans from Sky Blue and Lexington Law.

  • Learn more about Sky Blue Credit Repair here or call (888) 534-1510 to talk to a live person. (Reader tip: Call between 9-5 M-F EST, press 2 at menu.)
  • Learn more about Lexington Law here or call (844) 259-3376 to talk to a live person.
  • Learn more about CreditRepair.com here or call (844) 764-9863 to talk to a live person.
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