Find the Best Credit Repair Companies in Boston, MA

How to fix your credit in Boston

Good credit history and a good credit score are central to achieving financial goals, including buying a home or vehicle, applying for credit cards or getting a loan at a favorable interest rate. When your credit reports have inaccuracies or negative information, a credit repair company can help with removals and counsel you on how to repair your credit. Credit repair is legal, and The Credit Repair Organizations Act defines the guidelines under which credit repair companies can operate.

There are four main ways to improve credit:

• Credit consultation: Credit consultation and counseling by trained professionals can help you get out of debt and manage your money responsibly going forward. For example, a credit counselor can help you strategize which debts to pay off first. Many credit consultation companies are nonprofit organizations, and advice is tailored to your specific financial situation.
• Credit report disputes: There are three credit bureaus whose reports affect your credit score: Equifax, Experian and TransUnion. Sometimes, credit reports have inaccuracies. If you see something you think is incorrect, you can file a dispute with the credit bureau for free. It will investigate the dispute and fix errors. It can take several rounds of disputes before an error is corrected. A credit repair company can help you identify inaccuracies on your credit report, dispute them and track progress.
• Credit Monitoring: Credit monitoring looks for changes in your monthly credit reports and can alert you if new accounts and/or lines of credit are opened or if there’s been a change in your credit score. Routine monitoring helps protect your credit and your personal information. Most credit repair companies offer credit monitoring. You can also get it through one of the three credit bureaus; it comes with both free and paid services. In addition, some identity-theft protection companies also offer credit monitoring services.
• Credit repayment strategies and debt settlement: Some creditors are open to negotiating debt if you offer a realistic timeline for repayment. Experienced debt settlement counselors know which creditors are likely to be open to this, and they can negotiate on your behalf. They may be successful getting late fees and other charges removed, and sometimes get interest rates lowered. Debt settlement is different from credit repair, so it’s important to ask your credit repair company upfront what they can and can’t help with.

How much does credit repair cost in Boston?

At the time of publishing, Boston credit repair services can start around $80 per month and range up to $200 or more. Here’s a breakdown of services and costs:

Boston credit repair averages

Some factors affecting credit repair costs include:

• Individual vs. couples repair: After you’re married, your credit history is still under your individual credit. If you or your partner need credit repair, you can repair your individual credit, which is beneficial if you’re looking to make a joint major purchase. If you both need repair services, some companies may offer a discount for multiple services.
• Number of deletions included: Most companies charge a flat rate for deletions. This fee is incurred every time a deletion happens, so if you have numerous, you will pay that fee every time.
• Lifetime membership options: Many credit repair companies charge a monthly fee. However, some may provide a lifetime membership option at a discounted rate. If you foresee needing several years of credit repair services, a lifetime membership may be beneficial. However, it can cost the most upfront.

Depending on how significant your repair needs are, you may be able to do some credit repair yourself to reduce costs.

Boston credit repair FAQ

How much does credit repair usually cost? Credit repair cost varies based on your specific financial situation and needs. You can expect to pay up to $200 per month for credit repair in Boston. Additionally, most companies charge a one-time, first-work fee. Credit repair services are usually month-to-month and can be canceled anytime.

What is the quickest way to repair my credit? There are some strategies to help repair credit quickly, including paying bills on time, disputing errors, limiting new account applications and catching up on past-due and collections accounts. If it is too much to manage on your own, working with a Boston credit repair company can help expedite the process.

Can I repair my credit myself? There are some steps you can take to repair your credit without a credit repair company. You can review and monitor your credit reports and scores, dispute inaccuracies and pay down debts. Additionally, minding your credit utilization ratio (credit limit vs. credit used) can help you stay on top of your credit before it gets to the point of needing repair.

How long does it take to rebuild my credit? Credit repair time depends on your specific financial situation and how serious the issues are. Repair time ranges from a few months to a few years, but taking steps to rebuild your credit is important.