Helps correct credit report errors by filing disputes with creditors and credit reporting agencies.Ĭreates plans to help people repay debt in full more quickly and works with creditors to negotiate reduced interest rates. The key differences between debt settlement vs. In contrast, debt settlement and credit counseling are debt relief options focused on helping people avoid bankruptcy and pay off their debt, in full but with a potentially reduced interest rate (credit counseling) or for a reduced amount (debt settlement). Credit repair can be used to help resolve errors on your credit report. Credit Counselingīefore deciding what you should do to fix your credit, it’s important to understand the difference between the three most common debt relief options. The best credit repair companies offer some type of credit monitoring, comprehensive dispute options, and personalized service.ĭebt Settlement vs. You can expect to pay a one-time setup fee plus a monthly fee with most providers.
Make sure the credit repair company offers a free consultation. When choosing the best credit repair company, the most important things to consider are how much it’s going to cost, what services you’ll receive, and the reputation of the provider. Guide to Choosing the Best Credit Repair Company There haven’t been any complaints with the Consumer Financial Protection Bureau over the past year.
The Credit Pros is Better Business Bureau accredited with an A- rating. The representative also confirmed that the company provides services in all states except KS, ME, MN, and OR. According to a representative, the company has a 90-day money-back guarantee if they can’t remove any negative items from your credit reports. The Credit Pros offers a free consultation by phone. There is also online portal access for all customers to manage your account and access the services that your package include.
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