A healthy credit score makes for a more comfortable life just about anywhere, and Michigan is no exception, regardless of whether you live in Detroit, which is seeing a renaissance in recent years, or the picturesque Mackinac Island. In any case, you might need some help to get your score where it needs to be. The good news is that if you need credit repair, Michigan has a lot to offer, but which companies have the best value for money? Read on to find out who can repair your credit best in the Great Lakes State.
Trusted attorneys helping to fix your credit
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.
Michigan's Premier Credit Repair Company.
The only locally headquartered firm providing credit repair to Michigan consumers, Onyx boasts an A+ BBB rating. It also scores high points for its comprehensive packages for singles and couples, which include unlimited dispute letters, customized strategies, and credit coaching. The firm is based in Garden City, in the Metro Detroit region, and has been in the business since 2004.
All credit repair services in the US are subject to both federal and state laws. The state laws for credit repair companies in Michigan, whether based in the state or just practicing there, are covered by the Credit Services Protection Act from 1994.
What follows is a summary of the credit repair laws in Michigan, and we recommend reviewing the related state and federal laws before hiring a firm providing such services.
Michigan defines a credit services organization as an agency that attempts to sell, provide, or perform any of the following services:
For firms offering credit repair, Michigan does not require registration with a state government authority or a surety bond. There is also no requirement for a statewide credit repair license in Michigan. That said, certain cities or counties may require companies to obtain a permit.
Unlike other jurisdictions in the US, the Michigan credit repair organization law doesn’t require any specifics for the contract or the information statement, a document usually shared by credit repair companies with the customer before a contract is signed. Therefore, Michigan credit repair firms are required to follow the federal guidelines for these documents.
Credit repair companies in Michigan or their agents cannot:
Companies offering credit repair in Michigan cannot engage in any fraudulent practices, including but not limited to:
Moreover, firms offering credit repair services in Michigan are not permitted to:
For companies providing credit repair services, Michigan has a 90-day requirement for them to do so after the contract is signed. This clause does not apply to services where the customer agrees to payments for ongoing services, and the written agreement states that the customer can cancel the contract any time without penalty.
With Lexington Law, you get one of the top-rated credit repair services in the US, thanks primarily to its extensive business experience gained over 17 years and a nationwide presence.
While the firm’s reputation has taken a hit recently because of a Consumer Financial Protection Bureau lawsuit alleging misleading marketing, our research shows that the overall quality of its services remains top-notch. The company boasts an exceptionally experienced team of credit repair attorneys for Michigan, headed by Detroit lawyer Keith Nathanson.
Lexington Law has three plans on offer—Concord Standard, Concord Premier, and PremierPlus—priced at $89.95, $109.95, and $129.95 per month, respectively. The lowest plan is meant to resolve basic credit report issues, while the higher-tier plans cater to customers with more serious problems. A significant plus is that you can use its mobile app, available for free for iOS and Android platforms, for instant updates on your case and accessing monitoring and money management tools.
The pricing is relatively expensive compared to other leading credit repair services in Michigan, but it may be considered justifiable given the firm’s industry standing, some of the most experienced Michigan credit repair attorneys, and features like credit monitoring and credit counseling.
The firm’s consistently low BBB rating and customer review score, however, are a point of concern. Other review sites also show that clients’ experience with Lexington Law can vary wildly. One way to minimize the chances of an unsatisfactory experience is to understand the process during the free consultation and read the contract thoroughly before signing it.
Onyx Credit Repair Geeks is one of the top firms for credit repair services Michigan has to offer, especially if you are looking for couples’ discounts. The Garden City-based firm offers the same services at $89/month for singles and $169/month for couples. The respective setup fees are a bit high at $149 and $289, considering that it doesn’t offer a free consultation. Thankfully, you get a lifetime membership, so you won’t be charged the setup fee if you are a returning customer.
The plans are pretty comprehensive for the most part, beginning with a one-hour initial review with a credit repair consultant. The team, which includes credit repair attorneys for Michigan, comes up with customized strategies that suit your needs. It handles unlimited correspondence with credit bureaus and other agencies on your behalf, which you can track through your online account.
Other notable services included in the plans are individualized coaching to address your long-term credit-related goals, custom recommendation letters for potential creditors, and the option to purchase seasoned credit tradelines. Most Michigan credit repair firms don’t provide this service, and buying tradelines from a reliable source can improve your credit score.
The one significant negative is the absence of credit monitoring, which most top credit repair firms in the US provide either in-house or through a third party. Like several other credit repair companies Michigan is home to, Onyx doesn’t have a Trustpilot rating either, even if it enjoys glowing customer feedback on other review sites.
If you are looking for the most trusted credit repair Michigan has to offer, you have a reasonably wide range available to you. There are both young and experienced firms, cheap plans against those including a premium for experience, and firms headquartered in the Great Lakes State competing with those boasting nationwide presence. Regardless of which firm you opt for, carry out your own research to identify the option that fits your needs the best. And yes, always read through a contract properly before signing on the dotted line.