Best Credit Repair Companies in Corpus Christi, TX

The need for credit repair in Corpus Christi

If you need credit repair services in Corpus Christi, you’re not alone. In terms of credit scores, Corpus Christi residents fall far below the national average. Americans have an average score of 675, but Corpus Christi residents have an average credit score of 640. This puts them at No. 272 out of the 500 cities with the lowest credit scores in the nation.

Unfortunately, a low credit score significantly impacts your financial future by telling lenders that you are higher risk. Having a low credit score means:

• Higher interest rates
• Denials on rental applications
• Low credit limits
• Worse insurance rates
• Required security deposits

If you have a low credit score and are thinking about applying for a loan or renting a new apartment, consider hiring a credit repair company in Corpus Christi.

Types of credit repair services

1 in 5 consumers had an error on their credit report in 2012, according to the Federal Trade Commission. When people corrected these errors, 20% of them experienced an increase in their credit score significant enough to help them qualify for better rates.

Credit repair companies in Corpus Christi comb through your credit report looking for inaccuracies they can dispute with the credit bureaus to improve your credit score. In addition to disputing errors on your credit report, credit repair services in Corpus Christi also work with credit companies to negotiate removing the negative marks that are keeping your score low, such as late payments. They also offer specific guidance on improving your score.

How much does credit repair cost?

Most credit repair companies in Corpus Christi charge $60 - $100 per month for credit monitoring and hands-on assistance. Expect the credit repair process to last at least six months.

In addition to your monthly fee, you may also have to pay:

• Initial set-up fees
• Fees for obtaining credit reports
• Software fees

Do not pay for your actual credit repair services upfront. Legally, credit repair companies cannot charge upfront payments and have to offer refunds.

How to avoid credit repair scams

Unfortunately, credit repair scams are common enough in Corpus Christi that it’s critical to know how to avoid them at all costs. There are many companies out there making grand promises that they cannot fulfill. To avoid scams, it’s important you know your rights and what you can reasonably expect from credit repair services.

According to the FTC, a credit repair company is likely a scam if it:

• Requires upfront payment
• Tells you not to contact credit reporting companies directly
• Asks you to dispute accurate information in your credit report
• Tells you to give false information to lenders
• Doesn’t fully outline your legal rights

You should also be wary of any companies in Corpus Christi that try to promise a specific increase, such as a 100-point jump in your credit score. It’s nearly impossible for a credit repair company to promise such a specific improvement, let alone one that large.