Major lenders in the US include Bank of America Corporation, Ally Financial Inc., among others. A credit repair company can prove handy to relieve you of this predicament by disputing the negative items and improving your credit score. This makes it imperative for individuals and businesses to consider using reliable credit repair companies to effectively plead their case against incorrect items on their credit report. According to the data from the complaints database of CFPB, out of the 486 complaints registered in the category of ‘credit repair services, 179 were about fraud and scams. IBISWorld, the California-based industry and market research firm, says the market size of credit repair services in the US in 2021 is worth $3.4 billion. Therefore, the market size of credit repair services is likely to see growth in the next couple of years.
Insider Monkey has reviewed dozens of companies to make this list of Top 10 Best Credit Repair Companies. CreditFirm.net lies at the bottom of the list of best credit repair companies. It is a credit repair law firm based in Deerfield, Illinois. Being a law firm, they are better placed to deal with the legalities of the credit repair process. Pyramid Credit Repair is based in Wilmington, Delaware. They offer a free assessment of your credit situation, assign a dedicated credit expert, and provide a personal online dashboard where you can see results and all the steps being taken to improve your credit score. Pyramid credit offers separate credit repair plans for singles and couples. CreditRepair.com offers a free online credit evaluation that includes your credit score, a summary of the negative items on your report, and suggestions for addressing them. They offer three different plans, including Direct, Standard, and Advanced plan. Advanced plan, being the most comprehensive plan of CredirRepair.com, provides identity theft protection and insurance, a host of financial tools, monthly FICO credit scores along with eight creditor interventions to all three credit bureaus. AMB Credit Consultants is a Dallas, Texas-based credit repair firm. AMB Credit is relatively new in the credit repair business, but it has earned a good reputation by delivering favorable results to its clients. Currently, Lexington Law is the biggest credit repair company in the United States regarding the number. Unlike many of its competitors, Lexington Law does not charge an upfront fee. Read more from Insider Monkey’s article The 10 Best Credit Repair Companies.
