Having a healthy credit score and getting favorable loan terms is important anywhere, but even more so in The Empire State, where the cost of living is well above the national average. That’s why we prepared a list of the top companies for credit repair New York has to offer. Some of these are headquartered within the state and serve only the state residents. Read on to discover which can get your credit score where it needs to be.
Ranked #1 in Challenging Inaccurate Credit Data
This New Jersey-based company has been in the credit repair business since 2007, boasting an A rating from the Better Business Bureau. Apart from an aggressive team that has helped thousands of customers improve their credit scores, its credit repair service highlights include a free phone consultation and a 90-day money-back guarantee.
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Credit Glory is a company with a nationwide presence, rated B+ by the BBB and has an experienced team known for its dispute management process. The firm lacks some critical services like credit monitoring and debt validation, but there’s much else to like about its innovatively designed packages, including a money-back guarantee and challenges to all types of inaccurate items.
Next generation of credit repair.
Among the top credit repair services with New York headquarters, Pyramid Credit Repair has over a decade’s experience in consumer credit assistance. It’s not rated by the BBB, but its high Trustpilot rating of 4.4 and glowing customer reviews vouch for its service quality. Highlights include a free evaluation, a money-back guarantee, customized strategies, simple plans for singles and couples, and identity theft monitoring.
Professional Credit Repair Services from consultants who care!
Established in 2018, this firm doesn’t have the experience of other credit repair companies from New York. It, however, has made a mark for itself thanks to its comprehensive packages that include personalized dispute options and identity theft monitoring. Customers also benefit from financial tools provided by the firm to improve their finances.
As is the case in other US states, specific laws govern credit repair services in New York. These aim to help prospective credit repair consumers make an informed decision regarding the purchase of these services and protect them from unfair or deceptive business practices.
These state-specific laws are supplementary to the two federal regulations governing the credit repair business in the USA. The federal laws—the Fair Credit Reporting Act of 1970 (FCRA) and the Credit Repair Organizations Act of 1996—apply to New York as well.
Below we’ve summarized the main points from the regulations governing New York credit repair.
A credit services business means any person selling, providing, or performing (or representing to do so) a service aimed to improve a consumer’s credit record, history, or rating, or providing advice to a consumer regarding credit history, in return for a fee.
Unlike many other states, New York credit repair laws do not require companies to register with any state authority or obtain a surety bond. There is also no statewide requirement for a credit repair license in New York; however, certain cities and counties may require a company to obtain a permit to operate within their borders.
Before executing a contract with a consumer, a New York credit repair business shall provide the consumer with a written information statement printed in at least ten-point type. This document must include the following:
The consumer should sign the information statement, while the company maintains a file or microfilm of the document for two years from the signing date.
Every contract between a company providing credit repair in New York and its client shall be dated, in writing, and signed by both parties. It shall also contain the street address of both parties. Moreover, the contract shall include the following:
A copy of the completed contract and the related documents shall be given to the consumer when the contract is signed.
Credit repair companies in NY cannot:
Rightfully one of the highest-rated credit repair firms in the US, Credit Saint has been helping customers restore their credit since 2007. It may be a New Jersey-based firm, but consumers in The Empire State can also benefit from its well-reviewed and aggressive services, including authorized finance professionals and credit repair attorneys for New York.
Several traits make Credit Saint a top company providing credit repair in New York, including its strong reputation, consistently high ratings, transparent and affordably priced plans, and well-designed break-up of services. It offers three plans: Credit Polish ($79.99/month), Credit Remodel ($99.99/month), and Credit Sales ($119.99/month). Initial work fees for these are $99, $99, and $195, respectively. The range of services offered, the number of items addressed, and the aggressiveness of the strategy go up with the fees.
The two issues with the plans are the high initial work fee for the highest-tier plan and the limit of five items with the cheapest plan. Some valuable services like inquiry targeting and credit monitoring are also not included in the lowest-tier plan.
These, however, are not significant negatives. With features such as free phone consultation, a 90-day money-back guarantee, credit-related education, and a web-based portal, clients looking for credit repair services in New York can take advantage of the company’s high-quality repair process.
Despite having been around since 2016 only, Credit Glory has become one of the most prominent credit repair companies in NY. The most notable aspect of its offering is the way its plans are priced. You can opt for a one-time fee based on the items to be challenged or try a monthly plan with no cap on items. The former is priced at $79 for one item or $799 for ten or more items. The monthly option will set you back by $99/month, with a setup fee of $199. Another plus is that all plans cover all types of negative items, including collections, charge-offs, bankruptcies, medical bills, student loans, and hard inquiries.
After a free phone consultation, a dedicated team will handle all correspondence with credit bureaus, collection agencies, and creditors on your behalf. The firm also offers a 90-day money-back guarantee.
What keeps Credit Glory from being the best credit repair service in New York is that it does not offer debt validation and credit monitoring. While not critical to credit restoration, these are related services that many other credit repair companies from New York provide in similarly priced plans. The firm also does not pull out credit reports for you. This may be a minor hassle, but given how easy it is for a credit repair company to do it on your behalf, it’s surprising Credit Glory doesn’t do it.
Pyramid Credit Repair is an excellent option for credit repair in New York; however, it has a limited presence outside the state. It is known for its education-focused approach, which ensures customers learn how to maintain strong credit.
On hiring the firm, you are assigned a credit expert who manages the process for you. You also get to work with the team to design a customized game plan to challenge negative items. In addition to the money-back guarantee, you’ll have the freedom to postpone, resume, pause, or even cancel the service at any time at no extra cost.
Pyramid offers two plans—the one for singles costs $99/month, while that for couples is priced at $198/month. The pricing is on the higher side for credit repair services in New York, and there are no cost savings with the couples’ plan; the only minor advantage is that you get personalization as a couple. Both plans include all services, including 24/7 customer support.
The firm also offers credit monitoring, dark web monitoring, and $25K identity theft insurance for $29.99/month. On the flip side, the firm does not seem to have handled too many cases. It’s not rated on BBB or Trustpilot but does have a 4.9/5 on TrustSpot.
True Care Credit Repair has offices in many US cities, but it is primarily a New York credit repair firm. Incorporated as recently as 2018, the firm also scores low on experience and reputation. However, other aspects, including its comprehensive packages, make True Care a contender for becoming the best credit repair company in New York.
The firm has three payment plans, all of which include personalized dispute options, credit monitoring, and identity theft protection. This range of services and the generous limit on negative items make the pricing very affordable. However, the plans are offered for fixed terms. You have packages for two, four, and six months for monthly fees of $79.99, $159.98, and $239.97, respectively. The item limits are 15 and 30 for the first two plans and none for the highest-tier plan.
This fixed-term structure, unique among credit repair companies in New York, means you are stuck even if you are dissatisfied with the firm’s services. That said, there is the standard 30-day money-back guarantee.
Beyond the financial aspects, the firm’s process is relatively standard for a New York credit repair company, including a free consultation and a dedicated team to handle challenges. The client portal lets you track progress on your cases and access some financial tools. Information and education resources, however, are in short supply on the company’s website. This is particularly surprising for a young firm because these resources are a smart way to prove credentials and attract customers.
Now you have go-to names if you are looking for efficient credit repair in New York. Covering different fee structures and service combinations to suit your specific needs, these firms can ensure that your time, effort, and money are well spent. Nonetheless, remember to do your due diligence and thoroughly read the contract before hiring any firm to restore your credit.