How much do Credit Repair Services Cost?

The Credit Repair Ninja team has done an in-depth analysis of the credit industry pricing models. What we discovered is the pricing for credit repair services is all over the place. With the low end of pricing sitting at around $59 per month and the high end is $199 per month.
How we gathered this data
After carefully looking into each company, we developed the following data points.
One Time Fee
We noticed a common trend of credit repair companies charging a one-time upfront fee. Often this is just to cover the cost of pulling a credit report from all three reporting bureaus.
Cost of Membership
All the companies we reviewed work on a monthly membership model. Meaning you pay their membership price every month until you cancel.
What you Get
While all the companies we researched offer credit disputing, many offer extra services like:
- Credit Score Monitoring
- Fraud & Identity Theft Protection
- Debt Settlement
Reviews
The majority of the companies researched have a presence online and have received reviews. We listed the reviews we could find for major platforms.
Guarantee
It’s illegal to ensure that your credit score will go up. Most companies offer a satisfaction guarantee. If you’re unsatisfied with the work or feel there was no work done, you can request a refund.
Below are the findings of each company we researched.
Credit Repair Pricing Comparison Table
Name of Company | One Time Fee | Cost of Membership | What You Get | Reviews | Guarantee |
---|---|---|---|---|---|
No | $199 |
| - | 60 day Satisfaction Guaranteed | |
$14.99 | $99.95 |
| 79 Trust Pilot | no | |
$99.95 | $99.95 |
| - | no | |
no | $59 |
| 5 Facebook | Risk Free Guarantee | |
no | $89 |
| 98 Facebook | no | |
$59 | $59 |
| 31 Facebook | 90 Satisfaction Guaranteed | |
$89 | $59 |
| 56 Facebook | no-risk refund policy | |
$99 | $79 |
| 16 Google | no | |
$230 | $115 |
| 26 Facebook | no |
Looking at the cost of bad credit
When deciding if a professional credit repair company is worth to you, it’s important to look at financial consequences of bad credit. We find it’s more expensive to have bad credit than to pay the cost of a credit repair company. With a good credit score, you’ll receive credit offers with substantially lower interest rates.
Here are a few scenarios to put it into perspective:
Applying for a Car Loan
Often, financing a car is one of the first big purchases you’ll make in life. Imagine you finance a nice used car for the amount of $10,000.
Good Credit: The bank offers you a 60-month term with an interest rate of 5.5%. Your payment will end up being $191. The total cost of the car is $11,461.
Bad Credit: The bank offers you the same 60-month term, but with an interest rate of 18%. Your payment is $254, and the total cost of the car is $15,236.
Applying for a Mortgage
For the majority of the population, a house is the single biggest purchase people make in their lifetime. With the standard payback term being 30 years, that’s a long time for interest to make or break you.
Good Credit: You apply for a mortgage for your new house, and the bank offers you a mortgage of $300,000 with a 30-year term. Because you have a good credit score, you get the market rate of 3.92%. Your payment is $1,347, and the total cost of the loan is $484,968.
Bad Credit: The bank offers you a mortgage, but because you have bad credit, the bank gives you a 6% interest rate. This rate leaves you with a payment of $1799 and a total cost of $647,515. With an interest rate this high, you’ll pay more than double the purchase price of your home.
Financing Big Purchases
It’s Black Friday, and you got your eyes on a new washer and dryer set. You apply for the store credit card and finance the purchase of $1500. You plan to make $100 payments each month until the balance is $0.
Good Credit: The store offers you a 12.5% APR on your purchases with six-month interest-free financing. The total cost of the washer dryer combo is $1545.87. You pay $45.87 in interest.
Bad Credit: The store offers you a 25% APR with no special financing offers. The total cost of the washer/dryer combo is $1817.36. You end up paying $317.36 in interest.
You can see the real cost of having bad credit from the above scenarios. While it’s nice to live in a world where you think you don’t need credit, this is not the reality for most people. Being active about your credit score and maintaining your finances will pay you back over and over again throughout your life.
Choosing a Credit Repair Company that’s right for you.
As you can see from the table above, the pricing of the credit repair industry is all over the place. You should evaluate the company you decide to work with carefully. After all, you are putting your financial future in trust in this company.
Here are the biggest factors to consider when deciding which company is right for you.
Speed
How long it takes to get results is the most important factor for choosing a credit repair company. You want to pick a company that disputes all questionable items on your files upfront. Instead of disputing a set % of items per month. If the company can get results faster, you can cancel your membership sooner.
Price
We know the price is a big consideration for most people. While looking at the cost of a monthly membership keep in mind how fast the company can get results. A $199/month membership is cheaper than a $99/month membership when the company can get results faster.
Guarantee
Stay away from any company that guarantee’s results. It’s illegal for a credit repair company to promise your credit score will increase. Promises like these are a violation of the Fair Credit Reporting Act.
Here are a few more places you can check, to get an idea of the reputation of a credit repair company.
A special consideration for Credit Repair Ninja
Credit Repair Ninja was created to disrupt the credit repair industry. We strive to get faster results than any other company on the market.
The most important role at our company is our ninjas. These ninjas are trained professionals. They know all the in’s and out of the credit repair industry. They are well versed in the Fair Credit Reporting Act and other consumer protection laws.
Most credit repair companies dispute up to 10% of the questionable items on your credit reports each month. The Credit Ninja difference is we dispute 100% of the questionable items on your credit report in the first month. We find this strategy to be more efficient and faster than our competitors.
Someone looking for credit repair usually needs to see results as soon as possible. Because we dispute all questionable items right away, than we get results fast.