Credit Repair in Minnesota

Having to pay higher loan rates than others is almost as unpleasant as the harsh Minnesota winters. The good news is that credit repair services in the Land of 10,000 Lakes could get your credit to a ‘warmer’ level. So, can we help you find the best one for your needs? You betcha — we’ve reviewed the top companies for credit repair Minnesota has to offer, and have provided an overview of the state’s applicable regulations, so read on.

The Leading Credit Repair Companies in Minnesota

Lexington Law Logo

Lexington Law

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.

  • Dispute letters: Yes
  • Score analysis: Yes 
  • Cease & desist: Yes 
  • Debt validation: Yes
  • Score tracker: Yes
  • Education: Yes
  • Mobile apps: Yes
  • Starting Price: $89.85 (initial work fee applies)
CreditRepair.com Logo

CreditRepair.com

Credit doesn't have to be confusing.

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.

  • Dispute letters: Yes
  • Score analysis: Yes
  • Cease & desist: Yes
  • Debt validation: Yes
  • Score tracker: Yes
  • Education: Yes
  • Mobile apps: Yes
  • Starting Price: $69.95 (first-work fee), $69.95 (monthly)

 

Aim Credit Repair Logo

Aim Credit Repair

Take Control of Your Credit Today!

Headquartered in Hugo, Aim Credit Repair (ACR) is a leading credit repair company in Minnesota. While the firm has a relatively short industry experience, it more than makes up for it with solid ratings, consistently strong customer reviews, and personalized services.

  • Dispute letters: Yes
  • Score analysis: Yes
  • Cease & desist: Yes
  • Debt validation: Yes
  • Score tracker: Yes
  • Education: Yes
  • Mobile apps: No
  • Starting Price: $350
Credit Monkey Logo

Credit Monkey

Where Good Credit, Means Happy Life.

Established in 2019, California-based Credit Monkey also offers credit repair in Minnesota, Alabama, Colorado, and several other states. Its highlights include a wide range of payment plans, a tech-focused approach, and ID theft insurance with all plans.

  • Dispute letters: Yes
  • Score analysis: Yes
  • Cease & desist: Yes
  • Debt validation: Yes
  • Score tracker: Yes
  • Education: Yes
  • Mobile apps: No
  • Starting Price: $99 (monthly)

 

Minnesota Credit Repair Organization Law

As is the case in other states, credit repair in Minnesota is governed by both federal and state laws. Below, we’ve summarized the essentials of the credit repair laws in Minnesota to ensure customers are aware of their rights when approaching such services.

Definition

The term credit services organization refers to any person who provides any of the following, in return for a fee:

Registration and Surety

Companies that want to offer credit repair in Minnesota must obtain an annual surety bond of $10,000 from an insurance company authorized to operate in the state. If a firm does not charge a fee before completing its services, however, it is exempt from this obligation.

There is no requirement for a statewide credit repair license in Minnesota; however, some counties or cities may ask service providers to obtain a permit to operate within their borders.

Any credit repair company must be registered with the commissioner. The firm must attach a copy of the contract it executes with clients when filing the registration and allow customers to inspect the registration statement on request.

Disclosure Statement

Before executing a contract or receiving a fee, credit repair companies in Minnesota must provide the client with a disclosure statement. This document must include clear and accurate statements of the following rights of the client:

Minnesota credit repair firms must also inform their clients through the disclosure statement that accurate information cannot be removed from the credit report unless it is ten years old for bankruptcies and seven years for other cases.

The firm must maintain on file a copy of the disclosure statement signed by the client for two years.

Contract

Contracts between credit repair companies and their customers should include:

Prohibitions and Restrictions

Credit repair companies in Minnesota cannot:

Waivers and Exemptions

Relief to Consumers

Reviews of Top Credit Repair Companies in Minnesota

Lexington Law

Pros:

Cons:

Lexington Law is the best option if you are looking for a team led by an experienced credit repair attorney in Minnesota. We say this despite pending government action brought by the Consumer Financial Protection Bureau against Lexington Law and its group firms and the low rating of C given by the BBB.

The deceptive marketing practices alleged in the lawsuit, however, do not directly affect the quality of services consumers looking for credit repair in Minnesota can expect from it. This is proven by Lexington Law’s generally positive customer reviews, including an excellent Trustpilot score of 4.7.

The firm offers three payment plans. The base plan, Concord Standard, costs $89.95 per month and gets you unlimited bureau challenges and creditor interventions. Concord Premier ($109.95/month) and PremierPlus ($129.95/month) will get you additional features like inquiry assistance, credit monitoring, identity protection, and personal finance tools. Apart from Lexington Law’s well-thought-out break-up of services, customers also benefit from the firm’s mobile app with high ratings on the app stores.

Customers may indeed have to pay a higher monthly fee than they would with most other credit repair companies in Minnesota. However, our review finds it a good bargain as there’s no hefty setup fee or a cap on challenges. Moreover, experience counts for a lot in this business, and few firms can match the experience Lexington Law brings to the table.

CreditRepair.com

Pros:

Cons:

Given that it has the same parent group as Lexington Law, CreditRepair.com has also been affected by the ongoing CFPB lawsuit. Nevertheless, the firm remains one of the top credit repair alternatives out there, and we can confirm that customers looking for the best credit repair in Minnesota can still rely on the team’s services. However, not being as experienced as Lexington Law, CreditRepair.com’s reputation has taken more of a beating.

On the plus side, there are several factors to recommend this firm. CreditRepair.com has a simple, well-defined three-step repair process, so it’s easier for you to follow what the team’s doing for you at each stage. There’s a strong focus on educating clients, so they benefit over a longer-term from the entire process. Like Lexington Law, you also get a well-reviewed mobile app, great to access different resources and track case progress.

The firm’s plans are also very affordable for Minnesota credit repair services. The monthly fees are $69.95, $99.95, and $119.95, with the same amounts as initial fees for the respective plans. The broad divide across plans should suit most customers’ needs. The basic plan gets you bureau challenges, goodwill intervention, and quarterly score updates. If you need inquiry assists, cease and desist interventions, more challenges, or monthly score updates, the higher plans will work out better.

We also like that there are many resources on the firm’s website to understand the repair process and its past performance, supporting its rating as one of the best credit repair companies in Minnesota. However, a minor issue is the lack of sufficient information on its team.

Aim Credit Repair

Pros:

Cons:

Instead of large firms with a nationwide presence, many customers prefer smaller, homegrown companies where they can get more personalized attention. If you are also on the lookout for such a team that has earned some great customer reviews for the care it offers its clients, ACR is the best option among credit repair companies in Minnesota.

With just about two years in the credit repair business, ACR lacks sufficient customer reviews to present a clear picture of its service quality. At the same time, the few reviews they do have on different reputed sites are overwhelmingly positive. Moreover, the firm is BBB accredited, boasting an A rating and a customer review score of five out of five.

On the negative side, the primary issue is the lack of detailed information on the firm’s fee structure, making it difficult to compare the cost with the rest of the best credit repair companies in Minnesota. While the firm advertises $350 for the individual (basic) plan and $600 for the couples’ (duo) plan, it’s unclear if these are one-time or monthly fees. Since customer reviews regularly praise the firm’s affordable services, we aren’t very concerned about the cost but recommend clarifying your expenses before sealing the deal with them.

The services included are pretty comprehensive and do not raise any concerns. For some essential services like credit monitoring and legal assistance, however, ACR relies on third parties licensed to work in credit repair in Minnesota. These will not affect your outgo considering these are included in the basic plan.

Credit Monkey

Pros:

Cons:

Removing inaccurate negative items from credit reports is a good way to improve your credit, but there are other ways to complement credit repair. These include the use of credit-building tools, such as credit cards and credit lines. One of the advantages of Credit Monkey is that it offers these additional tools to consumers looking for more than just credit repair in Minnesota.

Credit Monkey has six payment plans, each including five active credit cards. Timely payments on these cards can help build your credit. The two highest plans also include credit lines of $5,000 and $10,000.

At the same time, six plans with slight differences in the included features make the firm’s offering confusing. The fees range from $99 to $499 per month, with the number of challenges and other services increasing as costs increase. We do like that all plans include credit monitoring and $1 million ID fraud insurance. However, the overall pricing is expensive compared to the rest of the best credit repair companies in Minnesota.

The firm is also low on experience and does not explain its repair process well. Credit Monkey is known for its tech-focused approach, including client access to the cloud-based CRM system for quick updates. This is a positive, but detailing the manual aspects of the process on its website would be helpful.

Notwithstanding these issues, the factors that get the firm a place in this list include its reasonably strong B rating from BBB, good customer reviews, a clear 90-day money-back guarantee, and a strong focus on customer education.

The Bottom Line

Several well-known firms with a presence across many US states do not provide credit repair in Minnesota. However, this does not leave customers in the North Star State lacking high-quality options. From large firms with local branches to small state-headquartered teams, the range is wide enough to serve all customers’ needs. Whichever credit repair firm you choose, just remember to do your research and prep yourself with the knowledge of the applicable laws.