Your credit score impacts your ability to qualify for loans and the interest rates lenders offer you. If you have a low credit score, working with a credit repair company could raise it and help you save money with lower interest rates. Our partners at ConsumerAffairs researched the best credit repair in Omaha to find the best company to help repair your credit.
Your credit score is used when buying a home, renting an apartment, taking out a loan or applying for a job. Having a high credit score opens up more financing options and lets you receive lower interest rates. Incorrect information on your credit report can lower your score and limit your financial options.
The table below shows the monthly payment and interest costs for a $135,000, 15-year fixed mortgage in Nebraska at different credit levels.
Total interest cost
*Consumers with these scores aren’t usually accepted for a conventional mortgage.
The average credit score in Omaha is 696, which is almost great credit and 21 points higher than the national average of 675. Experian ranks Nebraska in the top 10 states with the highest average credit score. If your credit score is below average, you may be able to improve your chances for receiving financing by hiring a credit repair company.
Omaha residents have the right to request a free copy of their credit report annually. You can use that to challenge errors, but disputing your credit report can be a time-consuming and complicated process. Credit repair companies make the process easier by using their experience to dispute items on your credit report for you.
How credit repair in Omaha works
A credit repair company starts by retrieving your credit report from each of the three major credit reporting bureaus: Experian, Equifax and TransUnion. After reviewing the report for errors, the company contacts the credit reporting bureaus and your creditors to dispute any incorrect items. Finally, the credit repair company educates you on how to rebuild your credit.
The process can take 45 days to six months, depending on the number of incorrect items on your report, and it may take up to a year to see improvements in your credit score. Once your report is updated, make sure all of your bills are paid on time to continue improving your credit score. Late and missed payments stay on your credit report for seven to 10 years.
Omaha credit repair cost
Credit repair services in Omaha have enrollment and ongoing monthly fees. Enrollment fees run anywhere from $59 to $250 and cover setting up your account and pulling your credit report. The monthly fee costs between $49 to $89 and covers ongoing negotiations. Some companies structure their ongoing costs per item removed from your report, charging between $10 and $70 per item.
Most companies in Omaha assign a team of representatives to your account. Some credit repair companies in Omaha assign a personal account manager so that you always speak to the same person with any questions. All companies should provide online account access to monitor activity.
How to avoid credit repair scams in Omaha
The Credit Repair Organizations Act is a federal law that was passed to protect consumers from credit repair scams. Any reputable credit repair company will adhere to the law, and a reputable company:
Provides consumers with a written contract specifying the services provided as well as the terms and conditions of payment.
Will not ask for upfront payments for services not yet rendered.
Will not suggest you make false claims about your credit accounts or alter your identity.
Will not knowingly mislead you about the services it is capable of offering or how quickly credit can be repaired. For example, a company cannot remove accurate information from a credit report.
Will not ask consumers to sign anything that states forfeiting of rights under the Credit Repair Organizations Act. Any such waiver cannot be enforced.
A good credit repair company will also provide education to help you maintain your credit score after it is repaired. Choosing the right credit repair service in Omaha will not only help raise your credit score but also give you the resources to keep it high and set you up for a brighter financial future.
Credit Saint offers three credit repair plans, a free consultation and a 90-day money-back guarantee. Omaha customers can access their accounts online and contact their advisor via online chat in addition to traditional communication methods. Customers in Omaha appreciate the online tools provided by the company.
Lexington Law was founded by a group of lawyers and credit experts and has helped more than half a million customers remove incorrect items from their credit reports. The company has different levels of service and pricing. Reviews from Omaha customers say the company’s representatives are responsive and keep customers updated on progress.
The Credit People offers a low-cost, seven-day trial and obtains your credit reports and scores for free. The company provides 24/7 account access, letting you check your credit score progress and see the most recent updates at any time. Omaha customers appreciate the low-cost service and friendly representatives.
Creditrepair.com disputes items on your credit report and helps you make lifestyle changes in the way you manage your credit. Customers in Omaha can track their progress with an online dashboard and mobile app. The company’s website has resources to learn about debt solutions, estimating credit scores and protecting against identity theft.
Sky Blue Credit Repair has helped customers repair and restore their credit for nearly three decades. The company’s flat-rate plans include a credit report analysis, score improvement tips, credit bureau disputes and credit rebuilding help. Sky Blue Credit repair also offers free cease-and-desist letters. Customers in Omaha rave about the company’s customer service.
The Credit Pros offers a pay-per-deletion credit repair service that only charges customers when a negative item is removed. The company provides Omaha customers one-on-one consultations with a FICO-certified professional. Customers report a good sign-up experience and praise the company for removing incorrect credit information quickly.