Mistakes on credit reports are common and can lower your score. Companies can be hired to help restore and repair your credit, but some make false promises. We researched the best credit repair companies in Oklahoma City to help you find an ally to correct an inaccurate credit report.
Oklahoma has an average credit score of 656, which is average among consumers nationwide. Oklahoma City itself averages a little lower at 646. Even with credit scores in the state being decent, many residents still find themselves in need of credit repair.
Typical things that damage credit scores include:
Foreclosure of a home or business
Six months or more of missed loan or credit card payments
The good news is that there is help if you find yourself in a bad credit situation. Damaging items stay on your credit report for seven to 10 years. There are steps you can take to clean up your credit, from something as simple as making payments on time to hiring a credit repair company to fix inaccuracies. However, these companies cannot undo verifiable late/missed payments, accounts in collections and other negative marks that drag down your score.
Several credit repair companies serve Oklahoma City residents. The tricky part is making sure that you aren't being scammed. In response to this, the Credit Repair Organizations Act was passed. This federal law prohibits credit repair companies from collecting advance payment for work, requires that contracts be in writing and gives consumers cancellation rights.
Warning signs you could be getting scammed include:
Asking you to mislead credit reporting agencies
Asking for full payment before credit restoration services are complete
Denying your right to cancel a contract if it is within three days of signing
Asking you to sign something saying you forfeit your rights under the Credit Repair Organizations Act
After you choose a reputable company, the process for credit repair in Oklahoma City is simple to start. Many companies have an online form to submit your information and give access to your credit reports. From there, the company will look over your report and see what areas they can help improve.
Most companies have a monthly fee and a setup fee. However, the monthly fees aren't charged until the month's work is complete to stay in compliance with the Credit Repair Organizations Act. A lot of companies will even let you pause your membership if needed.
Sky Blue Credit Repair has an online form to start the repair process. After your submitting the form and giving access to credit reports, representatives take a line-by-line look and start work with the credit bureaus. The company offers a 90-day money back guarantee and doesn’t charge until a month into the work.
Lexington Law assigns attorneys and paralegals to a credit repair case who work with creditors and the three credit bureaus. Customers can track cases and monitor the results 24/7 online or with a mobile app. Monthly pricing is in three tiers to meet your budget needs. OKC customers say the company starts fast with removals then hits plateaus occasionally, but that customer service is professional.
Credit Saint assigns a team to each case, and customers talk with that same team every time they call. It offers a 90-day money back guarantee and works in 45-day cycles. The company has three packages, each with a monthly fee and a first work fee. Customers say the company gets good results quickly.
The Credit Pros offer a one-on-one experience for personalization. Consultations are free and customers can cancel service any time. This company has an enrollment fee and a monthly fee and offers pricing for couples. Reviews say that customer service is not good unless you are a new customer.
Creditrepair.com boasts an average of 40 points gained in four months on TransUnion credit scores for members. A mobile app gives members 24/7 access. It has a one-time charge for pulling credit reports and then a monthly fee. Customer reviews in OKC say the company is very professional and works quickly.