Best Credit Repair Companies in Nashville, TN

Credit repair in Nashville

The average credit score in Nashville is 668, not far below the national average score of 687. For consumers with lower credit scores looking to open a new credit card, apply for a loan or purchase a house, a credit repair service can be of great use.

Credit repair companies in Nashville will pair you with a financial professional, helping you:

• Examine your credit history and score
• Monitor your credit score and profile
• Provide resources to map out a successful financial plan
• Negotiate with lenders on your behalf
• Fix errors on your credit reports

Most credit repair services in Nashville start the process with a free consultation. During this phone call or face-to-face meeting, the company will review your financial goals to ensure their services are a good fit for your situation. Next, after you provide your credit information to the company, they will comb through reports, searching for errors or ways to improve your score.

Depending on the state of your credit report, it can take anywhere from one to six months to see any significant changes to your credit score. Credit repair companies in Nashville must communicate with lenders as well as the credit bureaus when advocating on your behalf, and this takes time. Because the credit repair process is not immediate or even guaranteed, it is best to have backup plans for improving your credit, especially if you have a big purchase on the horizon.

Credit repair companies in Nashville often charge a setup fee along with monthly fees throughout the process. These fees should be discussed during your consultation. If fees are not mentioned, consider this a red flag.

According to the Consumer Credit Protection Act, credit repair companies are prohibited from offering or advertising misleading services. The Federal Trade Commission advises consumers to avoid companies that require a large advance payment. In addition, ask for a written contract that provides cancellation rights. The FTC also states a credit repair scam can be identified by the following:

• The company tells you not to contact credit bureaus directly.
• The service asks you to dispute information which is accurate.
• The advisor recommends you lie on loan or credit applications.
• The service does not explain your legal rights throughout the process.

Depending on the company you choose for your credit repair services, you will either work with a representative known as a credit advisor or a team of individuals. You can also enlist the services of a credit lawyer to repair your credit score. Consider the trusted companies below to work with a credit repair service in Nashville.