Are you looking for professional help to improve your credit score? We have reviewed 42 credit repair companies and have selected 7 that could help you challenge credit inaccuracies, dispute negative items on your credit report and raise your credit score.
Advertiser Disclosure
1
AI-Driven Credit Repair
The Credit Pros
- The Credit Pros has been in business for more than 10 years.
- Provides one-on-one consultations with a Certified FICO® Professional, unlimited dispute letters, debt validation letters to creditors, goodwill letters to creditors and cease and desist letters to collection agencies.
- 3 credit repair packages to choose from, with the lowest package priced at just $69/month plus a $119 sign-up fee.
- All packages include 24/7 access to a client portal, as well as ID Cover Darkweb monitoring, TransUnion alerts, real-time account sync, bill reminder and a budgeting system.
- A streamlined sign-up process only takes 90 seconds.
2
In Business Since 1989
Sky Blue Credit
- Sky Blue has been in business since 1989, which says a lot about the company.
- Condition-free 90-day refund policy
- One tier service takes the guesswork out of choosing a package that is right for you.
- Priced at just $79 per month, and $40/month for additional members, Sky Blue is an extremely affordable option for credit repair.
- Every single feature is included in the $79/month package, including Pro Analysis, 35-day dispute cycle, customized dispute and re-dispute letters, score assistance, debt validation, goodwill letters, cease and desist letters, credit rebuilding, and access to phone support.
- Ability to pause the membership for a month if needed
- Includes a couple’s discount, with the total monthly cost for a couple at just $119/month.
3
Almost 1.5 Million Credit Issues Removed
The Credit People
- The Credit People has been in business for over 15 years and has had nearly 1.5 million credit issues removed for their customers.
- Provides your credit reports and scores when you begin working with them.
- Includes access to all 3 credit reports and scores
- Provides a 24/7 online account access for easy credit management
- Could help you with credit report issues such as late payments, collections, charge-offs, foreclosure, repossessions, bankruptcies, tax liens, judgements and more.
- Provides a free credit evaluation so that you can see if The Credit People are a good fit for you.
- Includes live customer service through phone, chat or email
- Offers a satisfaction guarantee where you can cancel at any time and not be charged for that month, plus get a refund for the prior month’s payment.
- Pricing is either $79/month or $419 for 6 months, with all of the features and services included.
4
24/7 Phone Support
Pyramid Credit Repair
- Pyramid Credit Repair has 10+ years of experience in fixing credit.
- Provides 24/7 phone support and dedicated account managers, making it easier to work with them and ask any questions
- Includes a free credit repair evaluation
- Individual start at a competitive $79/month, though the couple’s package is $299/month, making it significantly more expensive than what some of the other credit repair companies offer for couples.
- Includes an online dashboard, monthly progress reports, creditor interventions, score analysis, custom dispute process, text and email alerts and more.
- Offers a 90-day money back guarantee.
5
BBB Accredited
Credit Saint
- Credit Saint has been in business for 15+ years and is a BBB accredited credit repair company
- Includes a 90-day money back guarantee
- Includes a free credit consultation
- 3 credit repair packages to choose from: Credit Polish, Credit Remodel and Credit Premium, with prices ranging from $79.99/month to $119.99/month, plus an initial work fee.
- All packages include a score tracker and a score analysis
- All packages include an online dashboard with full analysis and progress reports.
6
CreditRepair.com
- Has helped with over 7.5 million removals on behalf of their members since 2012.
- Has sent more than 23 million disputes and challenges on behalf of their members.
- Provides a free consultation where you learn your credit score, negative item summary and recommended credit solutions
- Pricing starts at just $49.95, making CreditRepair.com one of the most affordable credit repair options.
- Works with all 3 credit bureaus.
- Provides ID Theft Insurance, FICO® score update, bureau challenges and disputes, creditor interventions, a personal online dashboard, score tracker and analysis, email and text alerts and more.
7
Most Clients Served
Lexington Law
- Includes a free credit report consultation.
- Has been helping people fix their credit since 2004.
- Lexington Law has had an astonishing 77 million items removed from their customers’ credit reports.
- While not all credit repair companies are lawyers, Lexington Law is a law firm.
- Provides 3 levels of credit repair: Concord Standard, Concord Premier and Premier Plus.
- According to their website, 77% of their clients who have had their credit scores improved saw an average increase of 40 points.
- Provides a military and spouse discount.
- Includes Fraud Alert and Identity Protection
Are you drowning in debt and need help managing your finances? Has your credit score been taken and dive and do you need help restoring your credit? If so, then you may benefit by hiring a credit repair company to help you turn things around. The best way to maintain a good credit rating is by managing your money wisely, however, if you are struggling with credit problems, there is help available. Today we will do a deep dive into how credit repair works and why you should consider using a professional New Mexico-based credit repair service.
Overview of the credit industry in New Mexico
Living in New Mexico proves to be a little cheaper than other states. The cost of living in this state is lower than most surrounding states, with real estate and basic necessities both being lower than the national averages. In line with this, New Mexico is just above average on the list of state credit card debt per person. The average person in New Mexico has $5,243 in credit card debt, just $50 above the national average.
Credit scores in New Mexico are below the national average by 15 points, with the average person having a credit score of 699. While this is still considered a good credit score, it's better to have a credit score of 740 or above if you want to access the best tier of loan products available. Some New Mexico residents may be able to benefit from credit repair to improve their credit score through removing entries from your credit card that don't belong.
Laws that affect credit repair in New Mexico
New Mexico has no state laws that specifically address credit repair. They lean on the federal Credit Repair Organizations Act (CROA) for regulating these companies. This is a federal law that dictates how credit repair can be provided to customers, including requiring all companies to give written contracts to customers, to charge after the service is provided instead of pre-charging, and to communicate honestly about what the service is, among other things.
Do you need a lawyer to do credit repair in New Mexico?
There's no need to hire a lawyer for credit repair in New Mexico. While many lawyers do offer the service, it's not restricted to only them. You can work with any company that offers the service within the state, or do it yourself, although this is not recommended. You can have a good experience working with any company, so don't be deterred by their lack of legal qualifications.
Credit repair process in New Mexico
You can expect the New Mexico credit repair process to go something like this:
Step 1: Get your credit reports
Credit reports are records maintained by one of the three major credit bureaus in the US. Each one keeps their own record of credit related transactions that are reported to them by businesses you interact with. This report is available to you for free once every 12 months, or for a small cost if you've already requested your free credit report within the last 12 months. Requests for credit reports can be made online with each of the three credit bureaus or can be requested by mail.
Step 2: Study each entry on the reports
When you receive your credit reports, you need to look closely at them to understand the entry is being used to calculate your credit score. Each type of entry has a different weight in the credit score calculation, with payment history being weighted the highest. If there is any incorrect information on your credit report, this could be impacting your credit score negatively. The only way to remove these inaccurate entries is to contact the credit Bureau directly with a dispute letter.
Step 3: Submit disputes for inaccurate entries
Dispute letters mark the beginning of the process of removing an inaccurate entry from your credit report. These letters usually contain evidence to show why the entry is inaccurate or incorrect and contain a request to remove or modify the entry accordingly. Credit bureaus must take these dispute letters seriously and investigate your claims if you provide enough evidence and information to them to suggest that it's a real claim.
Note: Although it's only three steps, the credit repair process is not simple. Credit bureaus are flooded with requests to remove negative entries from credit reports constantly, with many of them being illegitimate requests from people trying to get a better score without reason. Working with a credit repair company that's experienced in providing the service can help you to get it done more smoothly.
Is It Really Possible To Repair Credit?
Living in New Mexico is the epitome of living the American Dream, but sometimes that also may include setbacks when it comes to your credit. Trying to navigate the world with bad credit can seem difficult, but thankfully are options available if you want to turn things around. You can challenge things in your credit report on your own, or can hire a professional service to help. Just keep an eye out for people who are looking to take advantage of you during your time of need. There is no quick way to repair your credit. In order to fix your score legally, it takes time, effort, and proper financial management. When you hire a reputable credit repair service to help fix your credit, they will do many of the same things you can do yourself, but more efficiently.
Take Control of Your Credit in New Mexico
Developing a good credit score takes time and active participation on the part of the consumer. The same goes for a bad credit score. It can be easy to fall behind on bills or even let late payments become a habit. If you lost your job and have fallen behind on payments, or if you simply are living above your means, it can cause you to end up with derogatory marks on your credit report. All of these things contribute to your credit score and can cause your rating to drop.
In order to avoid lowering your score, it is important to create and follow a budget that will help keep you on track. Maintaining a budget or a financial plan will help you save for the future and build your credit at the same time. We understand that saying something and actually doing it are not the same. If you are having trouble keeping up with your outstanding debts, or if you are not sure how to create a livable budget, there are options available to help. Also, if you are already behind on your bills and want to repair your credit while catching up, the same resources can help you reach your goals.
How Professional Credit Repair Can Stop Debt Collector Harassment
Most people who have bad credit are also hounded by debt collectors. They call at all hours of the day and send endless amounts of letters trying to collect on past due amounts. While they may be trying to collect a legitimate debt, dealing with them can be extremely stressful. A professional credit repair service will be able to make the phone calls and the letters stop while you work to satisfy your debt and repair your credit.
A credit repair company will send out cease and desist letters to stop the harassing phone calls. They can negotiate settlements or payment plans on your behalf that will give you the breathing room you need to catch up on your bills. Depending on your circumstances, this may include debt consolidation. A skilled agent will even be able to get many debt collectors to remove their derogatory entries as a part of the repayment settlement.
Common questions and answers:
How much can you improve your credit score in New Mexico?
Bad credit scores can see a huge jump upwards after the credit repair process. This is because any negative entries on your credit report can have a disproportionately bad impact on your score overall, so having these entries removed through credit repair is very beneficial. Only inaccurate or fraudulent entries can be removed from credit reports through the credit repair service in New Mexico.
How much does it cost to fix your credit in New Mexico?
Depending which credit repair company you work with and what services they provide in tandem with their credit repair service, you can expect to pay anywhere between $89 to $199 per month for credit repair in New Mexico. However, there are many companies providing the service, so the range of costs is wide, anywhere from $59 to $249 per month. Most companies will also charge fees in the beginning of the contract known as setup fees.
How long does the credit repair process take in New Mexico?
You have little to no control over the timeline for credit repair. Because of this, the process often takes between three to six months from start to finish. There are often delays that keep your inaccurate entries from being removed until a thorough investigation and extra evidence is provided to the credit bureau.
Are there any cities in New Mexico where you cannot do credit repair?
New Mexico has many large cities where credit repair might be advertised more heavily, such as Albuquerque, Las Cruces, or Rio Rancho. However, you can access credit repair service from anywhere in the state, regardless of which city you live in. Smaller cities like Bernalillo, Española, and Bayard can also get credit repaired from the same companies that offered in large cities. There are no restrictions on who in New Mexico can hire a credit repair company.
Get help with credit repair in New Mexico:
- Alamogordo
- Albuquerque
- Artesia
- Aztec
- Bernalillo
- Bernalillo County
- Carlsbad
- Chaves County
- Clovis
- Curry County
- Deming
- Dona Ana County
- Eddy County
- Edgewood
- Farmington
- Gallup
- Grant County
- Hobbs
- Las Cruces
- Las Vegas
- Lea County
- Los Alamos
- Los Lunas
- Lovington
- Mckinley County
- Otero County
- Portales
- Raton
- Rio Rancho
- Roswell
- San Juan County
- Sandoval County
- Santa Clara
- Santa Fe
- Santa Fe County
- Sierra County
- Silver
- T Or C
- Taos
- Torc
- Valencia County