Credit Repair Services Reviews: SkyBlue, Ovation, CreditAgenda & Veracity
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Credit Repair Services Reviews: SkyBlue, Ovation, CreditAgenda & Veracity

In this report

Credit repair is a tricky business, where neither the potential customer, nor the service provider knows beforehand about the likely results. An important point to note is that no credit repair company raises disputes on legitimate debts and claims. Credit repair also does not imply an extinguishment of justified liabilities. Therefore, even after credit repair you will be paying all your lawful dues. However, any erroneous negative items and frivolous claims against you are likely to get deleted, improving your overall credit score. Choose a company, whose services are within your budget, one that is a known brand, provides customized services and complies with the law. Here’s a comparison of four of the most popular credit repair companies to help you choose the one that suits your needs.

#1 - SkyBlueCredit   http://www.skybluecredit.com

Founded in 1989, Sky Blue Credit Repair is a leading market player in its domain. It acquired its Better Business Bureau (BBB) accreditation in 2009. In line with the industry norms, it offers free consultation to the potential customers.

Pros

  • ‘A+’ rating from Better Business Bureau.
  • No complaints reported and closed with BBB in last three years.
  • Enjoys near perfect reviews by the TrustLink Community.
  • Has a long industry experience and high brand-recognition.
  • Has excellent customer service.
  • Has put very simple procedures in place, keeping the interest of beginners in mind.
  • Established for very high degree of success in terms of disputes and deletions. The Company is particularly expert in tricky credit issues.
  • Puts additional emphasis on Statute of Limitation research in case of collection accounts to decide upon a proper course of action.
  • Provides personalized and customized services.
  • Submits customized dispute and re-dispute letters.
  • Provides direct creditor intervention.
  • Provides additional FICO score consultancy.
  • Tries to complete the whole process within the timelines as discussed with the customer.
  • Offers unique credit rebuilding assistance, whereby it provides counseling on how to open and manage new accounts after the credit repair process is complete.
  • Boasts one of the best pricing structures in the industry.
  • Offers large couples discount, where the spouse gets 50% off on their monthly recurring fee.
  • Allows temporary discontinuation of the services, in case the customer has a shortage of funds.
  • Money back guarantee, if the customer is not satisfied with the services.
  • Allows anytime cancellation of the services.

Cons

  • Single type of service package. No customization in terms of the choice of services.
  • Does not offer any expedited services option.

Pricing

The setup charge for Sky Blue’s credit repair program is $49 with monthly recurring charges of $49. The setup fee is charged after 6 days from enrollment and the first monthly fee is charged after 1 month from the date of payment of the setup fee. There are no hidden charges in the cost structure.

#2 - Ovation Credit   http://www.ovation credit.com

Founded in 2004, Ovation Credit Services Inc. is a Better Business Bureau (BBB) accredited organization since the beginning with a good track record. Ovation is one of the better known names in the field, complete with an expert staff. They offer free consultation to all the potential customers, before joining.

Pros

  • ‘A+’ rating from Better Business Bureau.
  • Only two complaints reported and closed with BBB in last three years.
  • Known to have high success rate with disputes and deletions. Ovations lays claim that its clients have had an average of   19 improvements to their credit scores.
  • Enjoys highly positive reviews across various platforms.
  • Offers reasonably priced services. Customers have to pay only for the services they actually use.
  • Provides couples discount of 20%, half allocated to each member.
  • Gives a $50 credit to each customer switching over from other credit repairing companies.
  • Offers an add-on Fast Track Same Day Service for a one-time price of $25. This includes same day signup and setup, express submission of dispute letters to the credit bureaus and creditors (applicable only to Essentials Plus program).
  • Manages personal information correction and identity theft resolution at an additional fee of $25, payable once.
  • Provides 100% Quality Service Guarantee, according to which, Ovation Credit does not bill its customers in a particular month if it fails to provide the agreed services properly.
  • Provides two types of service packages – Essentials and Essentials Plus. ‘Essentials’ is suitable for simpler credit scoring problems, while ‘Essentials Plus’ addresses more complex issues.
  • Under the Essentials Plus package, the Company submits unlimited dispute letters and goodwill request letters to the creditors.
  • Issues personalized credit recommendation letters from the staff attorney under the Essentials Plus program.
  • Allows anytime cancellation of the services.

Cons

  • Weaker satisfaction-guarantee policy.
  • Raises lesser number of disputes per cycle.
  • Takes slightly longer than its competitors to complete the job.

Pricing

  • Essentials: The setup cost is $79 with monthly recurring charges of $39.
  • Essentials Plus: The setup cost is $79 with monthly recurring charges of $59.

The recurring fee is payable only after the services are rendered for the month. Ovation Credit charges additional $25 each for Fast Track Same Day Service and Identity Optimization services.

#3 - Credit Agenda   http://www.creditagenda.com/

A Better Business Bureau (BBB) accredited organization since 2005, Credit Assistance Network (CreditAgenda) provides money back guarantee for its credit improvement services. Like its competitors, CreditAgenda also offers free consultation.

Pros

  • ‘A’ rating from Better Business Bureau.
  • Has had no complaints closed with BBB in last three years.
  • Enjoys highly positive reviews by the TrustLink Community.
  • Has NASCO membership.
  • Prepares customized dispute letters on a case-to-case basis, as against standardized computer generated letters.
  • High number of dispute items per cycle. The company disputes 45 items with the three credit bureaus at an average of 15 items each. During the second cycle also it contests 45 items to creditors and collection agencies.
  • Initiates a new dispute cycle every 30 days.
  • Attempts to complete the entire exercise within 6 months. However, the actual time taken varies with the facts of the case.
  • Provides customized services and personal attention by the CEO, ensuring best quality.

Cons

  • Single type of service package. No customization in terms of the choice of services.
  • Services expensive than competition. The customer has to pay for the entire package even if certain services are not required.
  • No discount schemes.
  • Limited total number of disputes submitted.

Pricing

The setup cost for availing the services of CreditAgenda is $145 with monthly recurring charges of $95. The Company claims no hidden costs and the monthly payments become due after the performance of the work.

#4 - Veracity Credit   http://www.veracitycredit.com

Founded in 1998, Veracity Credit Consultants received its Better Business Bureau (BBB) accreditation in 2004. The Company provides free Credit Report consultation prior to enrolling the potential customers.

Pros

  • ‘A’ rating from Better Business Bureau.
  • 17 complaints reported and closed with BBB in last three years. The complaints related to services (9), billing (6) and sales (2).
  • Has long industry experience.
  • Enjoys fairly positive reviews across various platforms.
  • Known for delivering quick results, though it does not promise so.
  • Assists in collection agency issues.
  • Offers personalized services.
  • Facilitates the process of pulling the credit reports for customers.
  • Offers couple’s discounts.
  • Provides expedited processing for ‘Platinum’ customers.
  • Helps in building credit with a host of offered credit cards.
  • Allows anytime cancellation of the services.
  • The user-friendly website clearly describes the areas of operation of the Company and is a good source for setting rational expectations.

Cons

  • The Company is currently facing pending Government action related to some yet unproven allegations, including charging of full fee before actually performing the services.
  • Services expensive than competition.
  • Setup lead time of 5-10 business days for ‘Select’ package.
  • Creditor interventions and collection account interventions available only with ‘Platinum’ pack.

Pricing

  • Select: The signup cost is $69 with monthly recurring charges of $49.
  • Platinum: The signup cost is $99 with monthly recurring charges of $79.

Setup fee is charged only after Veracity builds the customer’s CORE Credit Profile in its database. It claims to charge monthly recurring fee only after the completion of work for that month.

The Bottom Line

Undoubtedly, Sky Blue Credit Repair leads the pack in terms of pricing, as well as, services. It is often recognized as the number one company by several reputed forums. Brand name and long history of operation is a big plus in case of any of the credit repair services as they enjoy certain recognition in the eyes of the credit bureaus and creditors. There may be cases, where a customer is short of time for completion of the entire process. In this case, Veracity may be a point of reference, which is often associated with prompt results, though it does not categorically gives such assurance. Another option is to enroll for expedited services offered by some of these vendors. Ovation Credit offers unique cost economy through the provision of separate add-on services, while CreditAgenda is famous for its CEO’s personal involvement in each case.

The bottom-line is that it is not possible for any company to promise definite results irrespective of its standing in the market. A lot depends upon the facts of the case.

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Comments (2)

Great review, voted up!

Thanks a lot, Carolina!

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