If you don’t want to pay an annual fee on a card you use rarely, ask your card issuer to consider downgrading your card to one without a fee. To calculate your credit utilization rate, divide your total credit card balances by your total credit limits and multiply by 100 to get a percent. Do this for each card you hold and for the total of all your credit cards. If you’re late but not yet 30 days behind on a payment, pay it immediately. If the payment is already 30 or more days overdue, bring the account current as soon as possible.

Its recent legal troubles with the CFPB are also cause for concern. As mentioned, the company settled with the CFPB for $2.7 billion in the summer of 2023 after an investigation into its business practices. creditrepair ruled that Lexington Law defrauded countless consumers by charging advanced fees for credit repair services through telemarketing. Sky Blue Credit is our top pick for those looking to repair their credit.

Best Credit Repair Companies

There is no reason to have bad credit, all it takes is a bit of time and a bit of work. The fastest solution will be to go with a credit repair company and let them do their magic. Lexington Law has been in business for 18 years and is one of the largest credit repair companies in the country. That scale has allowed them to develop a sophisticated set of tools, including a highly rated credit repair app.

The Credit People – Most Aggressive Timeline

This is because we dispute all of your derogatory items at the same time, meaning we’re finished with your services within days. We also offer a FREE consultation and evaluation to let you know everything we can do and all the details of your service before we charge you anything. As a leading credit repair entity, we operate in complete adherence to all the prevailing credit repair laws and regulations. We’re fully transparent in our practices, bolstering your trust in us.

Credlocity Credit Repair

Typically, credit repair companies offer a free consultation to determine your potential timeline and help you decide if credit repair is the right approach. You’ll likely also have to do more work on improving your money management habits. A credit repair company will focus on removing errors or inaccurate entries from your credit report. They pull your reports from Experian, TransUnion, and Equifax, and review them meticulously, line by line, looking for negative information that’s dragging down your score. Lastly, The Credit People charges one of the lowest initial work fees.