Best Credit Repair Companies in Colorado Springs, CO
Jan. 24, 2020, 1:18 a.m.
Your credit report shows your debt history, but these reports often have inaccuracies that negatively affect your credit score. Credit repair companies work to correct these errors and advocate on your behalf with the credit bureaus. Our partners at We researched the best credit repair companies in Colorado Springs to help you choose the right company to get your credit under control.
Out of the 100 largest cities in the U.S., Colorado Springs ranks No. 23 for best credit, with an average score of 687. However, that doesn’t mean everyone in Colorado Springs has amazing credit.
If you have bad credit, consider hiring a credit repair company in Colorado Springs to help improve your credit score and correct the information on your credit reports.
Three major credit bureaus compile credit reports based on your credit usage and payment history, including all:
Credit card balances
These three credit bureaus (Equifax, TransUnion and Experian) offer free annual credit reports, but their reports often have inaccuracies that hurt your credit score.
Unless you diligently monitor your credit, you may not even know that you have errors on your credit report until it’s too late and your score has plummeted. If you have bad credit but you aren’t sure why or if your credit score recently changed dramatically, you may need professional assistance. Consider credit repair in Colorado Springs to help you fix your credit score and remove errors from your credit reports.
Types of credit repair services
Many different credit repair services are available in Colorado Springs.
Credit repair service
Credit report analysis
The credit repair company obtains your credit reports, assesses negative points and generates a plan to correct them.
The credit repair company reaches out to credit bureaus and disputes errors for you. The credit bureaus have 30 days to respond, and, if they find that the mark was truly an error, they remove it from your credit report.
If disputing fails, the credit repair company continues to pursue negative items using resources that an individual may not have access to.
Some credit repair companies negotiate with debt collectors and creditors as well as the credit bureaus. This helps you resolve issues on your credit report that are accurate but still negative, such as late payments.
Planning future credit goals and monitoring your score with help from a credit repair company.
Negative information in your credit history often remains for years.
Lawsuits or other legal action can stay on your credit report for seven years
Bankruptcies remain for ten years
Unpaid tax liens linger for up to fifteen years
In some circumstances, credit repair companies are able to expedite the removal of these marks on your credit reports.
How much does credit repair cost?
Expect to pay a $15 - $90 initial fee and $30 - $100 in monthly fees for credit repair in Colorado Springs.
The price of credit repair services in Colorado Springs varies, but companies generally follow a similar payment structure. Most start by charging an introductory fee, which starts the credit repair process. This is when most companies will reach out to the bureaus and collect your reports.
After the first few days (usually when the grace period ends), the company begins charging a monthly fee and continues with whatever services are in the contract. This means that, based on the contract, you will likely be signing up for three to six months of credit repair.
How to avoid credit repair scams
Unfortunately, there are many less-than-reputable credit repair companies in Colorado Springs that take advantage of people with bad credit.
How do you decide which companies are legitimate and which are scams? Fortunately, there are legal requirements that credit repair companies must adhere to. According to the Credit Repair Organizations Act, credit repair companies in Colorado Springs must:
Not accept advance payment
Provide details of all contracts in writing
Give customers the right to cancel services within a grace period
If a credit repair company you are considering using does not abide by these requirements, it is most likely a scam.
Credit Saint’s 90-day, money-back guarantee and free credit evaluation allow you to try their services risk-free. It offers three distinct packages: the Credit Polish, the Credit Remodel and the Clean Slate. This company even assigns a team of experts to each case. Reviewers attest that Credit Saint is very familiar with credit laws and provides a no-frills approach that yields significant results.
With Lexington Law’s free credit repair consultation, you can find out where you stand and start to create a plan for addressing your credit issues. Reviewers are impressed with the company’s knowledge of credit law and its customer service representatives' willingness to explain complex processes.
The Credit People take a holistic approach to credit repair, not only dealing with debt collectors and credit bureaus but also giving customers advice. The Credit People also has one of the lowest initial fees in the industry and offers free credit consultations. Reviewers report that the company is diligent, but many customers feel they also had to do some work on their end in order to achieve the desired results.
CreditRepair.com utilizes an array of user-friendly tools to help you manage and monitor your credit. This company keeps clients up to date and contacts credit bureaus, creditors and debt collectors to reduce the number of calls you receive. Reviewers mention great success in rebuilding their credit over time as well as the friendly customer service.
Sky Blue is upfront about costs and claims that it is consistently able to achieve rapid results, such as disputing 15 items on your credit report every 35 days. Reviewers claim that Sky Blue Credit Repair is honest and direct, and many customers received advice that saved them a great deal of time and money, including free credit advising that, in some cases, meant they did not need credit repair services at all.
The Credit Pros takes an education-based approach to credit repair. Recognizing that consumers may be part of their own problem, this company provides the tools and knowledge to combat credit problems and prevent future issues. Customers provide mixed reviews regarding improvements to their credit scores but report that the company is upfront about what it can and can’t fix.