It’s calculated by dividing your current balance by your credit limit and multiplying by 100. For instance, a $200 balance on a $1,000 credit limit results in a 20% utilization ratio. Keeping this ratio below 30% is ideal, and lower is even better. If the item can’t be verified, it must be removed, and you’ll receive a free copy of your report confirming the change.
Choosing The Best Credit Repair Companies
If our credit repair services are offered this will be part of the analysts’ credit recovery plan. If the individual simply has no credit on their report, we are more than happy to explain how to establish, maintain, and grow your credit score. Credit companies can help consumers understand everything from credit utilization scores and loans to report dispute and credit improvement.
The Credit People Review 2025: Pros, Cons, & Pricing
For example, it may take longer to improve a poor credit score than to repair a fair credit score. Minimum payment calculation assumes an APR of 24% on your credit card debt and each monthly payment is 3% of total amount. Whether you’re trying to buy a house, qualify for a credit card, or just get your finances back on track, these steps can help.
How We Make Money
We also considered any additional features these credit repair companies provide, such as credit monitoring and identity theft protection services. However, you can get cheaper, higher-quality services elsewhere. Check out our guides to the best credit monitoring and best identity theft protection services. It can be worth paying for credit repair companies if you have significant inaccuracies on your credit report and need professional help to resolve them.
If you haven’t seen results by then, they will refund your money. Pyramid stands out due to its money-back guarantee, its 24/7 customer support phone options, and the transparent pricing that applies to its plans. If you have been wondering how to repair your credit, then you have come to the right place. We will work with you from the very beginning to assess your credit needs and get to the root of your credit issues.
Paying a collection without confirming it’s valid can restart the clock on how long it stays on your credit report. Use the card for small purchases and pay it off in full every month. Secured credit cards work like regular cards, but they require a deposit upfront—usually $200 to $500. If creditrepair or actively affecting your credit score, then paying it may help—but only under the right terms.