Our Two Cents: Are Credit Repair Companies Legit?

We get a bunch of pressing questions when it comes to credit repair, that’s understandable. I mean, we are the Credit Reps. 

Still, it very interesting that after a few decades some of these general questions still exist. Questions like “Are credit repair companies scams” and the rest below.

The reason is that if it were a scam there would be an extinct business by now. Also, usually after reading some person write “credit repair is a scam” they write “you can do it yourself”.

Then, a few bold individuals actually promote their own business after slandering another. Instead of credit repair, they offer you to buy there credit dispute templates. And, secret forms. 

Their sales pitch aside, wouldn’t that mean that credit repair is legal. It would mean that it is a legitimate business and not a scam. 

Otherwise, it wouldn’t be worth anyone’s money to sell anything to anyone whether it's DIY or with a company like Ovation.

Related: Dispute Credit Report Online vs Mail     

Are Credit Repair Companies Legit?

Are credit repair companies legit?

Yes, credit repair companies are legit. Are there some bad apples? Probably. Just like any other industry you come across. 

There are big fish and little fish, good apples and bad apples. It’s up to you to decide which business is doing quality work.

Also, we do that for you. We do our best to only review or mention credit repair services that are worth the money and time it takes to move the needle on your credit score

Here Some Legitimate Credit repair companies:

Are credit repair companies worth it?

Yes. Credit repair companies are worth it. The question is “are credit repair companies right for you?” if so, “which credit repair service is worth it for your needs?”

Credit repair services are NOT for people who have the time to search throw credit bureau reports.

I would NOT recommend credit repair services to people who have the time and know-how for credit dispute letters, contacting creditors, and keeping up with the process. 

You can definitely do those things on your own. Credit repair services are like most services - you can do it yourself. 

But, do you want to? If not, I suggest one of the companies listed above. So, Are credit repair companies worth the money? Yes, if you don’t have the time, patience or know-how to do it yourself.

Should I use a credit repair company?

  • Don't want to take the time to learn how to repair their credit, or to follow through on doing it.  

  • People who are ashamed of their credit issues and would rather not think about them. It’s not an easy thing to deal with, especially you know it’s stopping you from progressing.

  • Very rationally, people who are afraid of making a mistake.

  • They want it done quickly and believe that a professional will be quicker.

Related: How Does A Short Sale Effect Your Credit?

Are Credit Repair Companies Scams?

Are Credit Repair Companies Scams?

No, credit repair companies are not scams. 

Well, the industry is not a scam. We can’t speak for all companies. As mentioned above, there are probably many bad apples out there, but you won’t find them on Credit Reps.

I advise you to make sure you ask any and all questions to whomever you trust your personal information. 

If you hire a firm, know that they are what’s between you and your goals so make sure you pick correctly.

Are credit repair companies good?

Not all. Don’t just trust everybody (do some vetting) to keep your personal information safe. 

A good credit repair company pulls your credit history from each of the 3 major credit bureaus in order to identify your credit errors. Are credit repair companies legal?

Yes, credit repair companies are legal.

Related: How To Rent An Apartment With Poor Credit?

Wrapping It Up

Make sure you pick a reputable service to handle your credit disputing. On top of that take their guarantee into consideration. 

Companies like The Credit People are happy to refund your money. Check out their promise.

There are so many people are in the credit business so you have a pool of businesses to choose from- you’ll be fine.

James Willaims

Hey There, James here. I am the co-founder and editor of this site. I have over 10 years experience in business and 5 in the credit repair world