About one-third of Americans have credit scores that are “bad.” While truly poor credit is somewhat rare, plain old bad credit is a lot more common than you might think.
There’s a good chance that many people with bad credit scores are being unfairly scored. Missing payments and other information can hang around on your credit report for a long time. That’s not even counting how often credit bureaus end up with outdated information.
Credit repair is the fastest solution to this situation, but you’re concerned about costs. What are credit repair prices, and is it worth the money? Here are the answers.
A Wide Range of Credit Repair Prices
Credit repair pricing can vary quite a bit. It depends on how you decide to go about repairing your credit, but other factors can also play a role.
If you decide to repair your credit yourself, you may pay nothing at all. In some cases, you may pay a small fee to access certain services or to have something deleted.
Some software solutions have a price tag attached to them. You may end up paying hundreds of dollars for a credit repair software solution. Others are more reasonable, offering an affordable monthly subscription.
Subscription software may make sense if you only need to use it for a short time. If you think you’ll need to track your credit report over the long term, it may make sense to pay upfront.
Working with a credit repair company is often the most robust solution, and the costs sometimes reflect that. Credit repair services prices can range from around $10 for set up to monthly costs of more than $100. Some companies charge for an initial audit, and then have fees for deletions or other tasks.
Which Solution Works for You?
Before you decide to DIY your credit repair, you may want to think about some other factors. If you try to fix your credit yourself, you may not pay a lot upfront. It could cost you plenty of time and frustration though.
That’s because individuals usually find it difficult to get in touch with the right people. You may end up playing phone tag, only to find someone who said they could remove an old report can’t do it.
As an individual, you also have a lot less clout. The business that did the reporting is less likely to act on your behalf.
Working with a credit repair company helps smooth the way. They know who to contact, and they work with the credit bureaus to clean up reports all the time. Since they already know the ropes, getting your credit repaired this way can save you a lot of time and a lot of headaches.
Software is the in-between solution. It can be quite in-depth, or its functions can be more limited. Selecting the right software can be a trick for that reason.
The most important thing you can do is ask what solution will work best for you.
How Much Will You Pay for Credit Repair?
Having a range of prices gives you an idea of what you could end up paying. You want a better idea of how much credit repair is going to cost you.
It depends on how in-depth you want the service to be. If you want to clean up some outdated information or remove an account, then you may have a simple repair job. Working with a credit repair services company may be quite affordable.
You may only need them for a short period of time too. If you’re dealing with a more complex situation, such as identity theft, you may need in-depth services.
You may also need to keep the credit repair company for a longer time. That way, they can check your credit report over a period of months. They can make sure incorrect information is actually removed from your report.
This kind of in-depth credit repair will end up costing you a lot more than a simple update. If you choose to use software, then you may need to invest in top-of-the-line software. A credit repair company may actually end up being more affordable in some cases.
Is Credit Repair Worth It?
Once you’ve seen a credit repair price list, you’ll probably wonder if it’s worth the cost. After all, you could try cleaning your credit record up yourself.
Besides, how much does bad credit really cost you?
A good credit score can actually save you thousands of dollars over the lifetime of any credit product. It can also help you secure larger loan amounts, which may save you even more in the long run.
When you start comparing how much your bad credit score is costing you to the price of credit repair services, you’ll see even the largest repair bill is more than worth the investment.
Get Quotes for Your Credit Repair
Your next step is to research a few reputable credit repair companies in your area. Get in touch with them and request a quote.
You may be surprised to find credit repair company prices are more affordable than you thought. If your case is simple, it may be tempting to handle it yourself. Still, working with professionals can save you hours of frustration and confusion.
When you factor that in, the cost of credit repair will seem even more reasonable. The more complex your situation, the more time and money a professional team will actually save you.
Discover What Good Credit Can Do for You
Credit repair prices shouldn’t worry you. Getting your credit repaired can save you thousands of dollars over the long run. A good credit score can also help you secure the loans you need when you need them.
If you think your credit score could use a boost or want to tidy up your report, then get in touch with an expert team. They’ll be able to give you an estimate on how much repairing your credit will cost, as well as a better idea of just how much a good credit score could do for you.
