How To Start A Credit Repair Agency
But there are a vast number of people that need their credit repaired; a number that steadily increases year over year. A credit repair company cannot “erase” negative items that are accurate and have been present on a credit report for less than seven years. In the great scheme of things, the only credit bureaus that matter are Equifax, Experian, and TransUnion.
Ovation Credit Services, a LendingTree company, has been in business since 2004. Your credit repair business would find individuals with credit problems, sign them up on a contract with you and you deliver the services to help repair their credit. These credit repair business opportunity will open the doors for you to start your own business, change your life, and help thousands of other people change their lives. The Credit Repair Organizations Act requires companies to tell the truth about their products and services.
For example, some credit fixers offer unlimited disputes per month while others offer credit monitoring or identity theft protection in their premium plans. – This is their most comprehensive credit repair plan and includes up to 19 negative item challenges per month and 6 creditor disputes per month. Additionally, you’ll also receive your monthly FICO score, ID theft protection, $1 million in identity theft insurance, and an array of personal finance tools. The advanced plan is just $119.95 per month, which is a pretty good value considering everything that’s included. By now, you should have a good idea of the pros and cons of affordable credit repair companies. If you have a good credit score and your history is clean, you probably don’t need credit repair services.
Hopefully we can find a way to repair our credit if the results are great. Knowing how to repair your damaged business credit is vital for you, the business owner. Many think they have certain accounts reporting on their business credit reports, when in fact they really aren’t reporting. In fact, only 7% of trade vendors report positive payment experiences to the business credit reporting agencies. So chances are good that the negative information you think is on your report might not even be there.
We appreciate that the app is user friendly, free to download, and provides instant notifications about your credit activity. Moving up to the Credit Remodel package adds 5 more disputes per month, plus the ability to challenge bankruptcies and repossessions. This package has the same $99 set-up fee as the base plan, and costs $99.99 per month.