Best Credit Repair Companies in Boise, ID

Credit repair in Boise

The U.S. has seen a gradual increase in credit scores since the 2008 financial crisis, and average scores are now at an all-time high of 675. As the average credit score in the U.S. is going up, so is the amount of money people are borrowing. Idaho residents have an average credit card debt of $5,817, slightly less than the national average of $6,354.

Having a lower credit score means you’re at a disadvantage when borrowing money from financial companies. Your credit limit might be restricted, and your loan and credit card interest rates will likely be considerably higher. It’s worth your time to clean up your credit reports, especially before making financial decisions that require a loan.

Any errors on your credit report can significantly lower your credit score. Legitimate credit repair companies check your credit reports to find information that could be disputed. If the dispute is successful, the company ensures the information doesn’t reappear after being removed. Here are examples of common errors credit repair companies encounter:

• Accounts that aren’t yours
• Legal actions that don’t pertain to you, such as bankruptcy
• Misspellings and incorrect dates
• Old debts that should be removed from the report
• Pending debts that can’t be validated or verified

Choosing trustworthy credit repair in Boise

While credit repair companies can be helpful, the credit repair industry is crawling with scams. Finding a reliable and honest credit repair service will take research. It’s always best to check a company’s credentials and background.

Trustworthy companies should advise you on how to avoid further damage on any existing accounts and work with you to keep your credit score healthy moving forward. The companies should also give customers a three-day cancelation period and clear information on the cost of the service, which is a requirement of the Credit Repair Organizations Act. Although credit repair companies may charge you for the cost of accessing your credit reports, they should not demand advance payment for any services.