Your credit score influences your ability to qualify for housing, personal loans and low-interest credit cards. If your financial options are limited, credit repair may be able to improve your credit score. Our partners at ConsumerAffairs researched the best credit repair in Bakersfield to guide you to a better financial future.
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The average credit score in Bakersfield was 642 in 2017, placing it well below the national average FICO score of 704. If you have bad credit, you may have fewer options when applying for loans or credit cards. Having a high credit score has multiple benefits, including:
Better chance to qualify for loans: Whether you’re looking for an auto loan or a home mortgage, having a higher credit score increases your chances of qualifying for a loan.
Increased options when searching for loans: Being more likely to qualify for loans gives you an advantage when seeking one. You’ll be able to compare more offers and use your options to find the best offers.
Lower interest rates: A higher credit score shows lenders you’re reliable, and you’ll receive lower interest rates on loans and credit cards for being a low-risk borrower.
No need for a cosigner: While people with lower credit scores may qualify for loans, your lender may require a cosigner to secure your loan. A higher credit score prevents the need for a cosigner and gives you more financial independence.
Sign up for utilities without security deposits: Because a high credit score shows you can be trusted to pay your bills, service providers such as electric utilities and cellular phone companies are less likely to require a deposit for new service.
Because of the importance of your credit score when applying for loans, Bakersfield residents should look into credit repair months before applying for home mortgages and vehicles loans. While consumers have the right to review and dispute their credit reports, it can be a confusing and time-consuming process. Credit repair companies save customers hassle by doing the work for them.
How much does credit repair cost?
Most credit repair companies in Bakersfield offer a free consultation to determine if credit repair can help improve your score. If you choose to work with a company, you will generally make monthly payments. While federal law prevents credit repair companies from charging an upfront fee, you may be required to pay the cost of requesting your credit report.
Credit repair companies first retrieve your credit report and then dispute incorrect information that negatively impacts your credit score. Some customers in Bakersfield see results in as soon as a month, but typical customers spend six months on credit restoration and see results within a year of beginning credit repair.
After you enroll in services, a credit restoration company might assign a specific representative or team to your case. Some companies provide general customer service. Many credit repair companies in Bakersfield also give clients access to online account tracking.
How to avoid credit repair scams
Credit repair companies must comply with the Credit Repair Organizations Act. Be sure to watch for red flags that a company may be a scam. These warning signs include:
Large upfront costs
Guaranteed claims of improvements to your credit score
Unclear or overly restrictive cancellation policies
Credit Saint assigns its customers a team of specialists to review and dispute negative, inaccurate credit report items. The company has a 90-day money-back guarantee and an A+ rating with the BBB. The company offers financial education, and customers in Bakersfield say they appreciate the company’s online tools.
Lexington Law assigns attorneys and paralegals to your credit restoration case. The company offers three levels of service, and it removed more than 10 million negative items from its clients’ credit reports in 2017. Many Bakersfield customers rate the company highly for its knowledgeable and helpful paralegals.
The Credit People has more than 15 years of experience in the credit repair industry. The company takes a personal approach to credit repair and provides an individual analysis of your credit report to find the best solution to raise your credit score. Bakersfield customers rate the company highly for its satisfaction guarantee and quick results.
Creditrepair.com offers a free credit consultation and score evaluation. The company provides a mobile app that allows you to track your progress 24/7. Reviews from Bakersfield customers are mixed, with some recommending the company and others encountering difficulty communicating with the company’s employees.
Sky Blue Credit Repair offers a 90-day money-back guarantee and provides service online and by phone. The company’s website has a user-friendly interface that allows individuals to track their progress. Reviewers in Bakersfield appreciate the company’s excellent customer service and thorough explanations of the credit repair process.
The Credit Pros serves Bakersfield with online and telephone services and offers unlimited dispute letters as part of their service. The company provides easy-to-read credit reports and monitors your credit score at no additional charge. Bakersfield clients appreciate the understanding customer service agents, and many people report positive progress on their credit score.
Innovative Credit Solutions
Innovative Credit Solutions is a credit counseling service based in Bakersfield. The company’s counselors provide customized strategies to help you increase your credit score and specialize in repairing credit for people attempting to qualify for a home loan. Local customers rate the company highly for its professional approach and results.
Alliance Credit Repair
Alliance Credit Repair is a local Bakersfield company experienced with consumer, mortgage and business credit. The company offers a free consultation and credit analysis, and it provides 24/7 tracking so you can see updates to your credit score. Customers consistently gave the company high marks for excellent customer service.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.