Best Credit Repair Companies in Buffalo, NY

Credit repair in Buffalo

The average credit score in New York State is 688, which is on the lower end of what is considered a good score. Buffalo, with an average credit score of 672, is ranked 41st among the 100 largest cities in the nation. Financial difficulties or inaccurate reporting can make it easy to fall below those scores, however, which puts you at a disadvantage when searching for loans.

Why do I need a good credit score?

A high credit score has multiple benefits, including:

• A better chance to qualify for loans. Whether you’re looking for an auto loan or a home mortgage, having a higher credit score will increase your chances of qualifying for a loan.
• Increased options when searching for loans. Being more likely to qualify for loans gives you an advantage when seeking one. You’ll be able to compare offers and use your options to negotiate for lower rates and find the best loan for you.
• Lower interest rates. A higher credit score shows lenders you’re reliable. You’ll receive lower interest rates on loans and credit cards because you’re considered a low-risk borrower.
• No need for a cosigner. While people with lower credit scores may qualify for loans, the lender may require a cosigner to secure the loan. A higher credit score lets you avoid finding a cosigner and gives you more financial independence.
• Sign up for utilities without security deposits. Because a high credit score shows you can be trusted to pay your bills, service providers such as electric utilities and mobile phone companies are less likely to require a deposit for new service.

Although you have the right to request copies of your credit report and dispute inaccurate entries, the process can be time-consuming and confusing. Credit repair companies in Buffalo can eliminate the work for you and use their experience to make success more likely.

How much does credit repair cost?

Credit repair costs will vary from company to company and plan to plan, but most require both a small fee for obtaining your credit report and a monthly payment between $90 and $100. Credit repair agencies in Buffalo are prohibited by law from charging an upfront fee for services.

Be wary of any company that tries to charge a large upfront fee beyond obtaining your credit report and hesitate to trust a company that claims to charge significantly lower monthly fees. Different levels of plans are available, and credit repair companies may also offer services such as continuing credit education and identity theft protection at additional cost.

A credit repair company in Buffalo will request copies of your credit report and review your credit history for inaccurate entries or unverifiable items. Once these are identified, the company will dispute these items with the credit reporting agency and attempt to have them removed, which will raise your credit score.

How to avoid credit repair scams

The credit repair industry is rampant with scammers, so protect yourself by knowing the difference between a reliable company that can get you the results you want and one that is looking to defraud you.