Fees and interest rates can be high for secured cards, but using one can help you to establish a credit record. If that’s all you’re looking for you can find hundreds of other credit repair companies to do just that. Our first goal is always to have the debt fully removed from your credit report. In cases where that’s not possible, we may recommend negotiating a payoff as a final option—and we’ll negotiate directly with the creditor on your behalf. To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our loans rating and review methodology.

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It can seem like it’s a mystery, but it’s also simpler than most think. Our main goal in providing our services is to help you understand credit better, improve the bad things on your report and show you how to take control of your financial life. We believe your credit profile deserves a high level of attention and a customized plan of action designed specifically for your credit challenges. Therefore, the first step for every single one of our clients is a 100% free credit review. You and one of our highly trained credit analysts will review your credit report in detail and formulate a plan of action to help get you to your credit score goals.

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If you check your credit reports and find errors, you have a legal right to dispute them. Under creditrepair (FRCA), you can send a dispute letter to the three major credit bureaus about errors in their report(s). You should provide account numbers and other details about the errors you’re trying to have corrected. Safeport Law offers a single, transparent credit repair solution through its “Credit Cleanse” package.

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I’ve already recommended them to friends and will continue to for a long time to come. With a credit card refinance, you swap your current debt from one or more credit cards onto a new one. Ideally, your new card will have a lower interest rate, and in some cases, an introductory 0% APR offer on balance transfers. This intro offer only lasts for a short amount of time, generally about one to two years.

This is because multiple new accounts will cause lenders to wonder why you’re taking so many loans out in a short period of time, calling your financial situation into question. Payment history makes up 35% of your FICO score and 40% of your VantageScore. Settling those debts stops the bleeding, so your credit score doesn’t get any worse due to outstanding late payments. The U.S. FTC reported that Americans lost more than $10 billion to identity theft and fraud in 2023. Aura is one of the best identity theft protection services, and offers proactive digital security that helps protect you and your family from identity theft, fraud, and online threats while monitoring your credit.