Even if you’re enjoying a laid-back lifestyle in New Orleans, there might come a time when you need to get your credit score up to snuff, which is where companies for credit repair in Louisiana can help you. That’s why we took it upon ourselves to review the best credit repair services in The Bayou State, including their payment plans, offered services, and top pros and cons. To help you further, we have simplified the legalese related to credit repair rules in the state, so read on.
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This Utah-headquartered company has been in business since 2004 and is the largest among the credit repair law firms in the US. The team’s vast experience—including the removal of over 50 million negative items from credit reports in nearly two decades—ensures that pretty much all your credit repair needs are fulfilled across its three payment plans.
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Utah-based CreditRepair.com has been in the industry since 2012 and has helped clients with nearly 20 million challenges and disputes. The firm is also a prominent name among companies offering Arizona credit repair services and is known for its affordably priced plans, highly-rated mobile app, and strong credit education focus.
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Headquartered in Denham Springs, Stirgus Credit Repair is known for its affordably priced plans and credit-building products. It may have been established in 2019 only, but this firm’s strong BBB rating and positive customer reviews should allay any concerns about its relative inexperience.
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Set up in 1998, this Houston-headquartered company offers the entire range of credit repair services, including free consultation and credit monitoring. Clients praise this award-winning company for its affordability and reliability.
All credit repair companies in the US have to adhere to federal laws as well as the laws of the state(s) where they provide their services. For companies offering credit repair in Louisiana, the primary state law is the Credit Repair Services Organizations Act of Louisiana. The main statutes of this law are summarized below.
A credit repair services organization is a person or organization that provides any of the following services:
All credit repair services in Louisiana need to register with the Office of the Attorney General. For credit repair certification in Louisiana, entities have to provide information regarding their address in the state, ownership details, and disclose any litigation or unresolved complaints.
The Louisiana credit repair law also requires firms to obtain a surety bond of $100,000 issued by a state-licensed company and file it with the state’s attorney.
While there’s no requirement for a statewide credit repair license in Louisiana, some counties and cities may require businesses to obtain a local license.
Companies offering credit repair in Louisiana must issue an information statement in writing to their clients with the following:
Credit repair firms must keep a copy of the information statement, signed by the client, for four years.
A contract between a Louisiana credit repair firm and their client must contain:
Credit repair companies in Louisiana cannot:
Lexington Law scores above most top credit repair firms in the nation on experience, having managed millions of dispute removal cases over two decades. The firm also gains from having teams based in several US states, giving it the right local knowledge to help residents across the country. Its office for credit repair services in Louisiana is based in the New Orleans area and is headed by Robert L. Marrero, a well-known consumer law attorney.
Lexington Law offers three payment plans with monthly fees of $89.95, $109.95, and $129.95. You get unlimited bureau challenges and creditor interventions with the lowest-tier plan; more services, including credit monitoring, are added with higher plans. While the break-up of services across the plans suits the needs of general consumers, the overall pricing is a bit expensive for credit repair in Louisiana.
However, this slightly higher expense is understandable; in exchange, you get the assistance of Lexington Law’s experienced team, an efficient process, high-quality features, and a very well-reviewed mobile app.
Potential clients may be more concerned about the ongoing lawsuit filed by the Consumer Financial Protection Bureau against Lexington Law and its associated firms. The suit alleges deceptive marketing practices and is partly responsible for the firm’s low ratings by BBB and some other sites. The case, however, hasn’t affected the firm’s quality of services. Lexington Law’s almost consistently positive customer reviews confirm that it remains one of the best options among credit repair companies in Louisiana.
CreditRepair.com has the same parent group, Progrexion, as Lexington Law, even though the two credit repair firms function independently. The ongoing CFPB lawsuit has also impacted CreditRepair.com’s reputation and slightly more than its more experienced peer. This, however, won’t affect the services people looking for credit repair in Louisiana will get from the firm.
The firm’s offerings are slightly more affordable than Lexington Law’s. Its three plans—Direct, Standard, and Advanced—have monthly (and setup) fees of $69.95, $99.95, and $119.95, respectively. You will get more services with the higher-tier plans, such as inquiry assists and a higher number of challenges. On the other hand, if you just need assistance with a few bureau challenges, you could do well with the lowest-tier plan, among the most affordable offered by credit repair services in Louisiana.
CreditRepair.com has a simple three-step process of Check, Challenge, and Change, which most consumers can follow easily. The firm also has a strong education focus, helping both its website visitors and paying customers with lots of credit-related resources. Finally, there’s the mobile app for tracking your cases, accessing different tools, and communicating with the team.
On the flip side, apart from low ratings, one notable concern is the lack of information on the firm’s team. While its 10-year industry presence makes it one of the better-experienced credit repair companies in Louisiana, some more information on who its team members are would be appreciated.
Stirgus Credit Repair is a young credit repair firm, which means that there aren’t many customer reviews to vouch for its service quality. However, its low experience in the business is largely offset by its high BBB rating and top placement in several rankings of companies providing credit repair in Louisiana.
We also like it that Stirgus details customers’ rights on its website. It even provides a handy link to the CROA, the primary federal law governing credit repair in the US. The firm has several credit-building and debt consolidation products on offer, which lend credibility to the team’s stated goal to help customers build their long-term credit. Its payment plans are also reasonably well-designed, keeping customers’ needs in mind.
The firm offers two plans, a monthly at $100/month and a six-month plan at $500. The monthly fee is on par with the typical cost of credit repair in Louisiana, and there’s no setup or upfront fee. With the monthly plan, the first month’s services are free, and couples get a sizable discount of $50 per month.
One minor issue with the plans is that you will have to shell out $19.95 per month ($39.90 for couples) for credit monitoring through SmartCredit, a third-party provider. This should not concern potential clients much, though, since you are getting customized solutions for unlimited challenges in the plans, not to mention access to additional credit-building products.
Few credit repair services in Louisiana can match the experience of ASAP Credit Repair. This Texas-based firm has been helping customers restore their credit since 1998. The most noteworthy aspect of the firm’s services is that it offers customized solutions and charges a flat fee.
Customers’ issues with credit reports can vary greatly and it helps to work with a firm that relies on personalized dispute resolution strategies instead of a few blanket methods. The flat fee ASAP Credit Repair charges for its credit repair services can range from $399 to $699. You will get to know the exact amount after the free initial consultation.
This one-time fee may appear costlier than the usual monthly charges for credit repair in Louisiana. However, if you break it down over the few months it will take to repair your credit, your actual expense would turn out to be lower than average. You also get a money-back guarantee, with some conditions, so you may get your fee back if the firm’s services are unsatisfactory.
You’ll get help with all kinds of negative items, including late payments, repossessions, bankruptcies, charge-offs, identity thefts. Plus, the company provides useful credit-related education and credit monitoring services.
There are a few negatives, though. Unlike rival Louisiana credit repair firms, ASAP Credit Repair doesn’t have a BBB rating or accreditation. Its plans also lack the personal finance tools that some top firms commonly offer.
This article should prepare you well if you are looking for top-quality firms in Louisiana to help with repairing and building your credit. While the credit repair law summary will keep you from being taken for a ride, you have more than enough options for credit repair in Louisiana, so do your own research and choose wisely. After all, what you get from the credit repair process depends as much on how well-prepared you are as it does on the quality of the firm you hire.