How Much Does Credit Repair Cost In 2024? [DIY At No Cost]

Updated On: 08/19/2023 is reader-supported. When you buy via links on our site, we may earn an affiliate commission at no cost to you.

Understanding your finances can be vital to maintaining your fiscal health, especially regarding matters like credit repair.

You might have wondered about the expenses involved in this process and asked, "What is the credit repair cost?" This is a common question with many layers that must be peeled back for complete understanding.

This article explains exactly what it means to repair your credit and analyzes how much it would typically cost you. It's essential knowledge if you're considering getting on the path toward financial wellness or want to stay informed about your financial options.

How Much Does Credit Repair Cost?

Repairing credit yourself is free, apart from the time and effort you invest. It involves communicating with credit bureaus, verifying information, and identifying errors in your credit reports.

If you hire a professional to repair your credit, costs may vary widely. Generally, the monthly fees for professional credit repair services could range between $30 and $150 based on the extent of services provided. Some companies might charge a one-time setup fee ranging from $9 to $159.

Remember that while professional agencies can help guide you through the process, they can't do anything you couldn't do yourself for free.

It’s also important to remember that negotiating with creditors to remove accurate negative items from your report is against the regulations set by Credit Repair Organizations Act (CROA). So choose wisely while hiring any service.

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How Credit Repair Works?

How Credit Repair Works?

Credit repair is a process to identify and correct errors in your credit report, which records your borrowing and repayment history. Errors can occur due to various reasons like inaccuracies in the reporting by lenders or issues with identity theft.

The credit repair process starts with obtaining your credit report from the top three credit bureaus: Experian, Equifax, and TransUnion. You're entitled to free copies once a year due to the Fair Credit Reporting Act (FCRA).

Upon receiving reports, closely examine them for discrepancies. If you find errors, dispute them directly with the respective bureau(s) according to their guidelines (remember to keep documentation).

Concurrently address the charges with your creditor(s), who must investigate and report their findings to the bureaus.

Remember that accurate information cannot be removed unless outdated (negative information typically stays on for about seven years).

Be proactive in maintaining sound financial behavior; timely payments enhance your chances of better credit history.

Understand that repairing your credit can be a lengthy process. But patience and perseverance often pay off, leading to better financial health.

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Factors Influencing the Cost of Credit Repair

While considering credit repair costs, several factors come into play:

Number and Complexity of Errors

In your credit report, if there are multiple or complex errors, it might take more effort and hence, higher fees. Some professionals charge more for removing specific issues like bankruptcies or tax liens.

Pricing Model

The cost also depends on the pricing model offered by your credit repair company. Flat fee models typically include services for a definite period (like six months). Others may follow a pay-per-deletion model, charging you for every error rectified.

Extra Services

Additional services such as credit monitoring, identity theft protection, or direct disputes with creditors can build up the base cost. Make sure to understand what’s included in your package.

Local Laws and Regulations

State laws can impact credit repair costs as well. Some states have stringent caps on pricing, which helps protect consumers from shoddy practices.

Different Types of Credit Repair Services and Costs

Different Types of Credit Repair Services and Costs

Credit repair services claim to improve your credit score by removing negative items from your record. Here are some common types of credit repair services and their possible costs:

DIY (Do-It-Yourself)

In a DIY approach to credit repair, you identify, dispute, and monitor your credit report errors yourself. This approach will save you professional service costs; however, it requires a considerable time commitment and an understanding of credit laws.

Professional Services

Professional credit repair services usually come with a cost but ease the process considerably. Below are six common types of these services:

Credit Report Monitoring

These services monitor your credit scores and inform you about significant changes. They range from $20-$30 per month.

Good for staying informed about your current financial situation or if your goal is to build or maintain good credit.

Dispute Assistance

Professionals work with both the consumer and the credit bureau to dispute errors in the credit report. They typically charge a monthly fee ranging from $70-$150.

Credit Counseling

Credit counseling offers help with budgeting, debt management plans, and financial education. Costs can range from free to around $50 for setup, plus monthly rates of $20-$75, depending on debt load and chosen services.

Debt Management Plans

Credit counselors may propose a DMP to consolidate all creditor payments into one monthly deposit to the agency, which then disburses it to creditors timely - thus improvising your payment routine, eventually aiding in a better score.

Plan costs may vary depending on the agency and complexity of individual finances but usually falls within an initial fee between $30-$50 and monthly payments from $20-$75.

Secured Credit Cards

With a refundable security deposit against your credit limit for secured cards, they are designed for people building or rebuilding their credits. Annual fees can range from $0 to $49.

Identity Theft Protection

Identity theft protection services provide identity monitoring and restorative services to help recover after an identity theft event. Premium services can cost upwards of $25 per month.

When selecting any service, remember that trustworthy agencies render practices following rules established by CROA (Credit Repair Organizations Act). Evaluate all pros and cons before deciding what suits our needs best – focusing on transparency in pricing without any hidden charges.

How Long Does It Take to Repair Your Credit?

Repairing your credit is not an overnight process. The time it takes primarily depends on the nature of the inaccuracies you're disputing, how quickly the credit bureaus respond to your disputes, and, most importantly, your consistency in maintaining good financial habits.

On average, a single dispute takes approximately 30 days to resolve. However, should there be multiple disputes across different bureaus, you might be looking at several months of work.

If a challenging negative issue like bankruptcy tarnishes your report, it could take up to a reported 7 to 10 years for it to fade from your report.

How To Repair Your Credit for Free?

How To Repair Your Credit for Free?

For those patients enough to navigate the credit repair process themselves, it can be done entirely free. Here's a simple step-by-step guide to help you on your journey:

  • Request Your Credit Reports: Go to, the only authorized website for free credit reports under federal law. From here, you can request a free copy of your information from each of the three major bureaus: Experian, Equifax, and TransUnion.
  • Review Credit Reports: Carefully evaluate these reports for inaccurate information or discrepancies that might damage your credit score.
  • Dispute Any Errors: If you find inaccuracies, draft letters disputing these claims directly with the respective credit bureau and furnish copies of any supporting documents (never send originals).
  • Follow Up: Keep track of all communication and verification dates; you may need this information later in disputes.
  • Adopt Better Financial Habits: Moving forward, make sure to pay bills on time, avoid new debt and keep balances low on credit cards to improve your overall financial standing.

Credit repair is an ongoing process requiring vigilance and consistency for the full results to surface. Free resources online, like the Federal Trade Commission, provide helpful information about DIY credit repair methods if you wish further guidance.

Legal Rights and Regulations in Credit Repair

Consumer protection for those undertaking credit repair efforts is maintained under several vital laws:

  • Fair Credit Reporting Act (FCRA): FCRA regulates how your credit information is collected, used, and shared. It entitles you to one annual free copy of your report from the three leading credit reporting agencies.
  • Fair Debt Collection Practices Act (FDCPA): FDCPA stipulates guidelines for debt collectors - limiting when and how they can contact a debtor.
  • Credit Repair Organizations Act (CROA): CROA forbids credit repair services from falsely claiming what they can do for you. They must also inform you of all your legal rights before you sign a contract.
  • Truth in Lending Act (TILA): TILA mandates that lenders disclose all details about the cost of borrowing money - including interest rates and other associated loan costs.

Legitimate repair services cannot guarantee results, must provide a written service contract, allow a 3-day cancellation period, and directly communicate on anything concerning improvement in your credit score.

Pros and Cons of Hiring a Credit Repair Service

Before hiring a credit repair company, weighing the pros and cons is crucial.


  • Efficiency – Credit repair services have experience dealing with credit bureaus, speeding up the correction process.
  • Expertise – They understand complex credit laws and regulations, improving your chances of successful disputes.
  • Convenience – Having professionals handle tedious administrative work can save time, especially if handling multiple disputes.


  • Costly - Credit repair services can be expensive. You may have to pay setup fees and monthly charges.
  • Scams – The industry has some fraudulent companies that promise unrealistic outcomes.
  • Limited Control - With professionals handling your disputes, you’ll have less control over the process.

Before making a final decision, check credibility through unbiased resources like the Better Business Bureau (BBB).

Your choice should invariably ensure transparency, competence, and affordability. Effective credit repair is usually time-consuming and requires disciplined financial behavior in the long run.

DIY Vs Professionally Managed Credit Repair: A Cost Comparison

DIY Vs Professionally Managed Credit Repair: A Cost Comparison

When considering credit repair, you've two primary options: Do It Yourself (DIY) or hire professional services.

Cost of DIY Credit Repair

DIY credit repair is free, although you should account for the hidden time cost. You'll need to communicate with creditors, sift through credit reports for discrepancies and track progress.

The only monetary cost involved is postage if you choose physical mail to dispatch dispute letters.

Cost of Professional Credit Repair

Professional credit repair services charge differently based on their service range and coverage. Typically, these charges may include an upfront setup or work cost ranging from $9 to $159 and a monthly maintenance cost between $30 to $150.

Cost Comparison Summary

While DIY costs are almost negligible, they come with a significant time commitment and self-education requirement about credit laws and dispute processes. Contrarily, professional services charge fees but reduce personal effort and provide expert assistance.

While buffer amounts vary widely with personal choice and situation specifics, getting hands-on might save your wallet, while professional help might save you from any unwarranted financial bewilderment.

FAQs About Credit Repair Cost

Is it worth paying someone to fix your credit?

Yes, if you aren't able to manage the process yourself.

What can credit repair remove?

Late payments, bankruptcies, and foreclosures are some things that credit repair may help remove.

How long does it take to build credit from 500 to 700?

It can take up to one year or longer depending on various factors.

How fast can I add 100 points to my credit score?

There's no definitive timeline, but with good financial habits, it can be achieved within a few months.

How to get a 700 credit score in 30 days?

A drastic increase like this in a month isn't typically feasible. It requires time and consistent financial responsibility.

Is A 650 A Good credit score?

A score of 650 is considered fair; however, it might not get you the best interest rates.

Can my credit score go up 40 points in a month?

It's possible if you make several positive changes, like paying down debts and correcting inaccuracies on your report.


Essentially, the cost of credit repair can vary significantly based on your approach—ranging from free (DIY) to potentially hundreds of dollars with professional services. Yet, remember that financial health isn't about short-term fixes but long-term habits.

When hiring a professional, always check for transparency and adherence to laws like the FCRA, FDCPA, and CROA.

Ultimately, decide what's best for your financial situation and future goals. Moreover, keep learning about your credit and stay proactive in managing it., turning today's credit repair cost into tomorrow's investment.

Note: Beware of scams promising instant results – repairing a credit score takes time and patience.

Michael Restiano

I support product content strategy for Salt Money. Additionally, I’m helping develop content strategy and processes to deliver quality work for our readers.

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