How much does credit repair cost? (2024)

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  • Credit repair companies can cost between $15 to $150 monthly in addition to a setup fee.
  • Credit repair companies cannot charge for services before they have been completed.
  • Steer clear of a credit repair company that doesn't offer refunds.

Credit repair is the process of improving your credit score by identifying and rectifying errors, negotiating with creditors, and building a more favorable credit history. "Think of it like housekeeping but for your financial history," says Mark Stewart, Certified Public Accountant for Step By Step Business. "You're getting rid of the cobwebs and making the place shine."

While you can repair your credit on your own, many people find the process of repairing credit overwhelming and want to enlist help from a credit repair company. Understanding how the process works can help you get the most bang for your buck.

How much does credit repair cost?

The cost to repair credit varies widely, ranging from no-cost DIY options to services that can charge hundreds of dollars. While each situation is unique, usually "consumers don't need to pay a credit repair company hundreds of dollars to repair their credit," says Erik Beguin, Founder and CEO of Austin Capital Bank.

There are three main ways credit repair companies approach repairing credit and charges vary for each.

Most credit repair companies charge a flat fee per month. Stewart explains that "the price range of credit repair falls between $15.00 and $150.00 per month." This charging method usually also comes with an initial, nonrefundable setup fee, also known as a first-work fee, which can often eclipse the cost of the monthly fee. The monthly fees for services included in our guide on best credit repair companies range from $24.99 to $99 monthly while setup fees range from $119 to $299.

Under this model, credit repair companies will continue to charge monthly as long as services are ongoing, says Stewart. "Usually, the more you pay per month, the more the credit repair agency will tackle simultaneously," says Joe Camberato, CEO of So if you want a credit repair agency to dispute five or six items on your credit report in a month, you'll have to pay more than if you just wanted one or two items disputed.

Paying for more disputes may yield faster results, but a credit repair company cannot guarantee how fast they can fix your credit or any score increases.

Less commonly, credit repair companies charge for each challenge to your credit report. This is called called performance-based billing. According to Stewart, credit repair companies typically charge between $25 and $100 for each challenge. Consumers pay whether or not the challenge is successful. While a performance-based model may seem attractive if you only have one or two items to correct, these charges can still add up quickly. "There are three credit bureaus, and if a negative item shows up on all of them, you might end up paying for its removal three times," Camberato explains.

Finally, some credit repair companies offer a service called a credit sweep. Beguin explains that "a credit sweep is an attempt to remove all negative accounts from your credit report, thereby 'sweeping' your credit report clean." As appealing as this may sound, Stewart cautions that credit sweeps are illegal and "can attract criminal charges, civil penalties, lawsuits, and restitution."

Because of this risk involved, credit sweeps are expensive. Consumers can expect to pay between 0.10%-1.00% of the swept funds in fees, Stewart explains. However, Beguin advises against attempting a credit sweep at any price. Many credit repair companies that offer this illegal service attempt to sweep credit reports "by falsely reporting that you are the victim of identity theft" and claiming "that the accounts on your credit report are not yours." Beguin emphasizes "this is a crime," and could lead to more immediate problems than a low credit score.

Most Affordable Credit Repair Company

Dovly Premium


Average result for Dovly Premium members that have had more than 2 disputed items removed from their reports, as of May 2023.

Dovly Premium members see an average 69pt score increase.


$24.99 monthly for Business Insider readers (originally $39.99 monthly or $99.99 annually)


  • Unlimited credit disputes with all three bureaus
  • One of the cheapest credit repair services
  • 50% off monthly membership for Visa cardholders


  • Reviews have complained about difficulty canceling membership
  • No money back guarantee for Dovly Premium service, whether paid monthly or annually

Insider’s Take

Dovly offers relatively cheap credit repair compared with some of the best credit repair companies. It's a good option for someone who does not want to go through the trouble of disputing information in their credit report on their own.

Dovly Premium review External link Arrow An arrow icon, indicating this redirects the user."

Product Details

  • Unlimited disputes with all 3 bureaus added as a free bonus
  • Weekly TransUnion® credit report and score
  • Enhanced Credit Monitoring and ID Theft Alerts
  • $1M in ID Theft Insurance

When can a credit repair company charge you?

When a credit repair company can charge you hinges on whether or not they engage in telemarketing. Under no circ*mstances can a credit repair company charge upfront for services, although Camberato says that some credit repair agencies collect a setup fee to cover administrative expenses.

Under the Credit Repair Organizations Act, credit repair companies that don't engage in telemarketing cannot charge their clients until after services have been rendered. Stewart explains that this law was put into effect "to protect people who are desperately looking to change their credit situation from scams."

However, this doesn't mean that credit repair agencies need to produce results to charge for their services. Even if the credit repair company is not successful in having negative information removed from a credit report, they can still charge for their services. For example, a credit repair company can charge a client for writing a letter to a credit bureau on their behalf, even if the letter doesn't get any results.

If a credit repair company engages in telemarketing, different rules apply. Under the Telemarketing Sales Rule, credit repair companies that engage in telemarketing cannot charge consumers until six months after the company achieves the results it promised. That means if a credit repair company successfully removes an incorrect report of a late payment on a credit report in January, they cannot require payment until the following June. If the credit repair company fails to achieve the promised results, they cannot charge at all.

How long does credit repair take?

Addressing simple issues such as fixing a clear error on a credit report usually takes a few months, according to Stewart. He explains that most people who use credit repair services don't have complex cases and that "four months is the average length of time most people pay for." However, Stewart notes that "some issues, such as a mix of errors and late payments, take about six to 12 months to resolve, while significant debt and a history of financial issues take over a year to resolve," he says.

Although this may seem like a long time, Camberato explains that "credit repair is a process involving a series of letters sent to address each negative item on your report. These exchanges can take up to 30 days each, so things don't move at lightning speed."

How to choose a credit repair company

While you don't need to hire a credit repair company to fix your credit for you, it's important to know how to choose correctly if you decide against a DIY approach.

While we've already advised against using a company that performs a credit sweep, you should also think twice before you choose a credit repair company that makes you pay for disputes a la carte, especially one that doesn't offer a refund regardless of the outcome.

You'll also want to steer clear of any credit repair companies that have gotten into legal trouble for violating any of the laws we've mentioned. For example, the parent company behind credit repair companies Lexington Law and, two of the largest credit repair brands in the country, has declared bankruptcy after the CFPB sued them for violating the Telemarketing Sales Rule.

Credit repair cost frequently asked questions

Is it worth paying for credit repair?

Paying for credit repair is only worth it if there are significant errors on your credit report that need rectifying. If there's nothing inaccurate on your credit report, there's no need to pay for credit repair.

Can credit repair companies remove any negative marks?

No, and a credit repair company can't promise to remove any negative marks.

Jamie Davis Smith

Jamie Davis Smith is a mother of four, an attorney, a disability advocate, and an avid photographer living in Washington, DC.

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How much does credit repair cost? (3)

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How much does credit repair cost? (2024)


How much does credit repair cost? ›

Key Takeaways. Credit repair doesn't cost anything if you handle the process yourself. If you hire a credit repair company to assist you, you'll typically pay fees of $19 to $149 per month.

Is it worth paying someone to fix your credit? ›

However tempting it may be to pay someone to undo damage, you are your own best resource. In short, no one can legally remove accurate and timely negative information from a credit report, and everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost.

How much do people charge to fix credit? ›

Credit repair services can be costly, with companies typically charging a monthly subscription that can range from $50 to $150. Some also charge an initial setup fee after they establish your account which can range from $70 to $200.

How long does it take to repair a 300 credit score? ›

How long does it take for your credit score to go up?
EventAverage credit score recovery time
Bankruptcy6+ years
Home foreclosure3 years
Missed/defaulted payment18 months
Late mortgage payment (30 to 90 days)9 months
3 more rows
Jul 27, 2023

How long does a credit repair take? ›

Policies and procedures vary by creditor but will usually include back-and-forth letters to get everything in writing. On average, credit repair takes about three to six months. Your score should gradually improve throughout the process each time a creditor agrees to make a change in your favor.

Do credit repairs actually work? ›

Credit repair can work, but the effectiveness largely depends on your particular circ*mstances and the approach you take. While credit repair can successfully address errors, inaccuracies and outdated information on credit reports, you cannot remove accurate and verifiable data.

Can you fix a ruined credit score? ›

There is no quick way to fix a credit score.

The best advice for rebuilding credit is to manage it responsibly over time. If you haven't done that, then you'll need to repair your credit history before you see your credit score improve.

What is the easiest way to fix your credit? ›

If you want to improve your credit quickly, the following strategies could help:
  1. Use a reputable credit repair service.
  2. Prioritize and pay outstanding debt.
  3. Explore secured credit cards.
  4. Become an authorized user.
  5. Develop a budget and stick to it.
Feb 27, 2024

Can you fix your credit with no money? ›

It's admittedly tougher to improve your credit score when you have no money. The trick is to get into good habits while working with the resources you've got. Protect your score by paying your monthly bills on time and avoid charging more than you can afford.

Can I pay someone to fix my credit score? ›

While working with a credit repair company can be a good option for improving your credit score, it's just one of many possible solutions, and it won't be the right fit for everyone. Outside of trying to repair your credit on your own, you can consider seeking credit counseling or a debt settlement company.

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

The time it takes to raise your credit score from 500 to 700 can vary widely depending on your individual financial situation. On average, it may take anywhere from 12 to 24 months of responsible credit management, including timely payments and reducing debt, to see a significant improvement in your credit score.

How to raise your credit score 200 points in 30 days? ›

How to Raise your Credit Score by 200 Points in 30 Days?
  1. Be a Responsible Payer. ...
  2. Limit your Loan and Credit Card Applications. ...
  3. Lower your Credit Utilisation Rate. ...
  4. Raise Dispute for Inaccuracies in your Credit Report. ...
  5. Do not Close Old Accounts.
Aug 1, 2022

Is 500 credit score fixable? ›

There are no quick fixes for a Very Poor credit score, and the negative effects of some issues that cause Very Poor scores, such as bankruptcy or foreclosure, diminish only with the passage of time. You can begin immediately to adopt habits that favor credit score improvements.

How much do you have to pay to fix your credit? ›

Credit repair companies can cost between $15 to $150 monthly in addition to a setup fee. Credit repair companies cannot charge for services before they have been completed. Steer clear of a credit repair company that doesn't offer refunds.

What credit score is needed to buy a house? ›

A good credit score to buy a house is one that helps you secure the best mortgage rate and loan terms for the mortgage you're applying for. You'll typically need a credit score of 620 to finance a home purchase. However, some lenders may offer mortgage loans to borrowers with scores as low as 500.

Can disputing hurt your credit? ›

Disputing a credit card charge does not hurt your credit. However, if the information on your credit report changes because of the dispute, your score may change accordingly.

Can I pay someone to improve my credit score? ›

Save Your Money

Paying a credit repair company to "fix" your credit report is usually a waste of money since you can dispute credit report information yourself, for free.

Can I pay someone to fix my credit with bad credit? ›

While working with a credit repair company can be a good option for improving your credit score, it's just one of many possible solutions, and it won't be the right fit for everyone. Outside of trying to repair your credit on your own, you can consider seeking credit counseling or a debt settlement company.

Can I pay someone to clean up my credit? ›

Technically, pay for delete isn't expressly prohibited by the FCRA, but it shouldn't be viewed as a blanket get-out-of-bad-credit-jail-free card. "The only items you can force off of your credit report are those that are inaccurate and incomplete," says McClelland.

Can I pay to repair my credit score? ›

These credit repair companies often charge large fees for a service that most people can do themselves, for free. They will often overstate their ability to improve a credit report, given that if information on a credit report is correct, it can't be removed.

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