How Much Does Credit Repair Cost?
As the President of Premier Credit, this is one question that I receive from both consumers and industry pros on a regular basis. During a recent bid for a national account, I was asked about the cost of our services (which is normal), but was surprised at how many different options this company was being presented with from other credit repair companies. The account was concerned about compliance, and it made me realize that although credit repair services are fairly common, the billing practices are not as transparent.
As a Credit Service Organization, we’re committed to providing quality services that assist consumers with resolving credit challenges that are holding them back from credit qualifying for their home loan. These services are broken down into three parts:
#1. Credit Education: We provide consumers with instructions on how to build and maintain healthy credit. This service is a small piece to the puzzle for many of our clients, but encourages healthy credit habits that will continue to promote strong credit scores for the long term. We deliver this information through our Credit Snapshot, designed to provide transparency and ease of use for our clients.
#2. Responsible Disputing: There is not magic wand that can remove accurate account information from a credit report. However, there are protections for consumers that need to be upheld when dealing with creditors and collection agencies. We provide a responsible solution to removing accounts that are inaccurate, unverifiable, misleading, and outdated. Ultimately, we’re able to ensure that clients have an accurate and fair credit profile, void of accounts that are inadvertently holding consumers back from credit qualifying.
#3. Escalated Casework: Most clients need more than just disputing in order to credit qualify. Our services provide a variety of options to help resolve legitimate derogatory accounts on credit, including direct creditor negotiations designed to maximize the score increases while saving client’s money.
In exchange for our services, we charge reasonable fees that are compliant with the Credit Repair Organizations Act. Here is a simple breakdown of our fees:
After Work Fee: $159 (Normally charged within the first 5-10 days of enrolling in our services)
Monthly Service Fee: $89.99 (Charge every 30 days after the initial After Work Fee)
So, how much does credit repair cost?
The average client will spend approximately $680
If you have clients that are working towards healthy credit, we believe we’re the best option to help them prepare to credit qualify. Although there are many different fee options on the market from competing credit repair companies, we’re confident that our platform provides the lowest risk and highest reward for their investment.
We appreciate your trust in our services. If you have questions about our company, we’d love to answer them for you. You can schedule a call with your local Business Development Partner here.