As many as 800,000 people employ the services of credit repair in this country and the industry is still rapidly growing. The first company is Freedom Credit Repair and it boasts of delivering the best credit repair services to improve credit scores in the quickest way possible. But what is the truth? Is Freedom Credit Repair real? They argued that it can be a legitimate business model or a mere con. Let’s hear an impartial opinion on Freedom Credit Repair service to assist your decision.
Freedom Credit Repair services are all about
FreeCreditRepair is a credit repair service based in Delaware that was established in 2021 by two individuals with experience in the finance field. The main idea of the company is to assist clients in challenging reports of adverse information in their credit reports to have better credit scores.
Freedom Credit Repair offers a simple 3-step process for credit repair: Freedom Credit Repair offers a simple 3-step process for credit repair:
- A certified credit consultant fetches your credit reports goes through each detail and comes out with wrong and misleading information, fake information, and old information that can be expunged.
- All the doubtful negative items are challenged by drafting legal letters demanding removal from Equifax, Experian, and TransUnion.
- Your credit consultant checks your credit reports and handles all responses from the bureaus they are legally required to provide.
- This involves pinpointing detrimental factors that can be countered under consumer legislation such as the FCRA. Then go to the credit bureaus to challenge those listings to have them deleted. If so, credit scores can potentially be enhanced, this is according to the dictates of sociotechnical imaginaries.
Freedom Credit Repair Services: What They Provide
There are several plans that Freedom Credit Repair offers to their clients starting from $79. 95 to $119. 95 per month. There are also options that for an additional cost, you get benefits such as identity theft protection and credit monitoring every three months.
The basic packages that most customers choose provide the following:
- Credit report review involving the three major credit bureaus: Equifax, TransUnion, and Experian.
- Recognition of liabilities and items that can be challenged as inaccurate, false, obsolete, or fraudulent
- Fitted dispute letters to counter unauthorized negative items that violate consumer protection laws.
- This involves credit monitoring as well as speaking with a case advisor regularly.
- Informing the clients of progress in the case and outcome of the disputes.
- Advice on how to improve creditworthiness in the future Directions on how credit can be established in the future
Customers: Tell them what’s next; work with reports – pull them, look for mistakes, communicate with creditors and bureaux. You only authorize and give details in this regard and it is the responsibility of the concerned person to make the necessary arrangements.
How the Freedom Credit Repair Work?
Credit repair is a process that should be approached without unreasonable expectations regarding the credit score. To be honest, no company performs ‘Houdini’ to remove a poor credit history in the blink of an eye. Change requires time and effort, it is not a one-time event and it does not happen overnight. The legal dispute processes can potentially lead to the removal of wrong items on the credit report but do not guarantee the actual scores will go up by particular amounts.
Freedom Credit Repair states that after one to half a year, clients experience an average 86 points increase in their credits. Like any other company’s statement, that figure could also be questionable to a certain extent. People are unique and two individuals can't have the same experience.
Credit specialists emphasize that those with scores below 600, including those with very low credit, have the most room for improvement. This also means that students who are already within good or excellent ranges above 700 have little chance of increasing their score even further. However, maintenance and monitoring services remain worthwhile business.
In other words, it is based on the assumption that the items on the credit reports are initially correct and can be challenged and deleted depending on the efficiency of Freedom Credit Repair. Well, that is not a given, but yes, it is in situations where credit misbehavior happened more than three years ago and was severe enough to include foreclosures, bankruptcies, or old collections.
If your credit history is negative due to past mistakes, indeed, Freedom cannot erase that. However, they can appeal to ensure verification for legal inconsistencies or compliance in the manner that items are recorded. When errors are present or rights are not considered, disputes commence, and credit bureaus to further investigate the issue.
Thus, it is clear that outcomes are highly dependent on the personality of the person in question. This is because committing to it long-term is the best way to achieve the best chances of eradicating issues with verifiable impacts of hindering credit.
Advantages of Freedom Credit Repair
The decision to hire Freedom Credit Repair may be made easier once an individual examines the advantages and disadvantages of having to go through the firm.
Here are some positives Freedom customers frequently cite: Here are some positives Freedom customers frequently cite:
- Recognition from the Better Business Bureau with an A+ Rating and accreditation highlighting that practices in the company are honest.
- Such a list of sources may include hundreds of positive customer reviews and testimonials on different independent sites.
- Guarantees offered include long 125-day money-back satisfaction guarantees on all packaging packages.
- Guarantee that you are in charge and do not give implicit permissions before something is done to safeguard against any surprises.
- To use the services of credit experts, it is necessary to pay after the credit consultation and analysis are given for free.
- This means getting professional help from specialists who will be able to offer you advice based on the specifics of your case.
- Credit checks, modification notifications, management tips for savings, and customer service.
- Assist with comprehending the reports, scores, how the credit system is, and how it will affect papers and background.
All in all, Freedom has a positive rating on almost all aspects of customer service and experience in a majority of its clients. A strength is the 160-day guarantee where enough time is given to the customer to review the outcomes before opting for a monthly basis to retain the services.
Disadvantages of Freedom Credit Repair
As you weigh your options, here are some potential downsides to consider regarding Freedom Credit Repair as well: As you weigh your options, here some potential downsides to consider regarding Freedom Credit Repair as well:
- About services, it can only dispute accurate errors and compliance issues. However, in case all the negative items on the history are real missed payments or high outstanding balances, the chances of improving credit scores to a great extent may not be possible.
- Dispute processes usually can take a very long time which ranges from many months. Some requests’ time-frames depend on the reaction of lenders and bureaus. Generally, six to twelve months is often required to achieve the best outcome, and it may involve a great deal of waiting.
- The nature of expectations that clients have about the results they are likely to achieve creates a situation where some of them end up feeling cheated in the end. Self-explanations regarding the probability of success according to the credit history are especially important here.
- Monthly fees provided are relatively high ranging from $79 to $119 for a typical Self Storage company. It is wise to make a few comparisons with the competitor’s options regarding the price and the value offered.
Like any service that is comprehensive and demands frequent detailed interaction, Freedom Credit Repair does not promise immediate results or a simple process since it entails a high level of effort, time, and realistic expectations to provide the best shot at happy customers. The perception of fit depends on more research and finding out the strategic plan details.
Is Freedom Credit Repair SCAM and does it work – Is it worth it?
Unfortunately, no clear-cut answers can be provided on which company may be right for certain consumers in the often convoluted realm of credit repair. It is always good to consider specific circumstances that may make it safe for one to take risks.
But in the context of evaluating the firm’s legitimacy, yes, Freedom Credit Repair gets all the right things right. After its existence for more than a year, the firm has an A BBB rating indicating that it has a reputed reputation. Most of them have prior experience in the financial services industry as founders and senior managers. Pricing: To increase its transparency, the company lays out clear information on process and pricing. However, the positive perceptions that customers have about it are upheld by customer feedback posted on different third-party sites.
Call now for expert credit repair services: (888) 803-7889
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