How Much Does The Average Credit Repair Cost?

According to multiple reports published by Equifax along with other credit bureaus, one out of four consumer has an error (or more) on his credit score that could heavily affect his credit score.

These errors could have an effect on you getting approved for a credit card, loans and can even have a very negative effect on your loans interest rates and payment conditions.

But how to figure out if there’s an error on your credit report?

This is where credit repair companies come in to help.

They can help you remove all of the following erroneous information from your credit report:

  • Accounts that are not really yours.
  • Erroneous balances.
  • Missed payments (that weren’t really missed).
  • Information that can’t be verified.
  • Any negative information that is outdated.

Of course, in theory, you could do all of this yourself. But, it’s not only complex for the average consumer but also very time consuming. That’s why so much Canadians opt in for help from a professional credit repair company.

Reduce your monthly payments by consolidating your debt. Applying is FREE and doesn’t affect your credit score!

Read: How Can I Quickly Rebuild My Credit?

How Can Credit Repair Improve Your Credit Score?

Credit repair services help you improve your credit score by identifying and removing negative elements from your credit history.

Here’s an example of how this can help your credit score.

Did you know that a 90 days missed payment can reduce your credit score by as much as 100 points? What if this missed payment was reported on your credit history by mistake? This type of mistake could quickly take your almost flawless credit score to a really bad one.

And even though you can fight off mistakes like this one yourself, you probably don’t have the time nor the experience in the matter to do so.

That’s why countless Canadians opt for credit repair services.

How Much Does The Average Credit Repair Cost?

Usually, credit repair services are charged to the customer on a monthly basis.

The amount depends on the credit repair company/expert but usually starts around 80$/month and can go up to 150$+/month.

As with any other service, you shouldn’t really rely uniquely on the cost when selecting a credit repair service.

Indeed, you should also look at the guarantee and, of course, the clients feedback.

How To Find A Good Credit Repair Company?

It’s not a secret.

Finding a good credit repair company is hard.

Very hard.

Especially with all the shady companies which sole goal is to pump out as much money from your pocket as possible.

This is where CreditRepairSpecialist.ca comes in.

Our platform was built to demystify the credit repair industry and help Canadians find the best credit repair service/expert nearby.

The process is very easy, you just have to click on the big green button at the top of the page (or in the drop down menu for mobile users).

When vetting a credit repair company, you need to make sure that the service that you’re investigating is accredited, has a good guarantee and very good reviews.

Bottom Line

Of course, if you have the skills, the knowledge, the time or don’t have the spare money, you can deal with the erroneous information on your credit history yourself. And, this is especially important for those that don’t have the spare money for credit repair services.

If you still want to opt for a credit repair firm, please be careful and do your own research. There are countless scams online that will ask huge amounts of money on a monthly basis just to pump out as much money out of your pocket as possible.

If you get caught by such a scam, please make sure to report it to authorities AND don’t forget to leave a negative review on their website and social medias to help other Canadians.

Another option for Canadians that want to repair their credit is by contacting one of the multiple non profit organizations that specialize in helping consumers repairing their credit.

Finally, don’t hesitate to click on the big green button in the menu to speak with a qualified credit repair expert for free that will happily help you and answer all of your questions.

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