The Credit Pros Review 2020
What makes The Credit Pros unique is that they are a financial and credit education company focused on helping their clients avoid credit mistakes both now and in the future. In this post we will show you how you can use them to help rebuild your credit.
Helps with growing and fixing credit.
Costs are a bit high for a good plan.
EASE OF USE
You can apply after a free consultation.
Responds pretty quickly
Credit Knocks Overall Star Rating:
The Credit Pros is a great option when you don't have a great understanding of credit or you are attempting to re-establish your credit.
Once you start the process you won't have to do much outside of mailing them a copy of your updated credit report on a monthly basis.
However, there are some startup fees and they aren't the best option for every credit issue.
That is why I created this review, so that you can understand how their program works, its benefits and short comings.
Plans Starting At *$19 Per Month
*Rate is based on the Credit Sentry Plan
Who Are The Credit Pros
The Credit Pros was founded in 2009 by Jason Kaplan Esq. and his business partner Damon DeCrescenzo.
According to Inc. Magazine, not only are they one of the fasting growing companies in America, they are also one of the 50 best places to work.
Their primary focus is offering free credit reports, consultations and credit repair programs that help their customers that have negative, inaccurate, outdated or incorrect items on their credit reports repair their credit.
What Makes Them Different?
A few things that make The Credit Pros different is that they can send cease and desist letters on your behalf to help with reducing future unwanted contact from collection agencies.
And they also can help with removing things like Late payments, tax liens, closed accounts, charge-offs, incorrect student loans, foreclosures, collections, negative settlements, and judgments from your credit reports.
They also have Dozens of informational videos on credit, finance, budgeting, and entrepreneurship.
What Do The Credit Pros Cover?
Each Credit Pros plan comes with different options, think of it as a type of good, better, best system.
Below we discuss each plan in detail:
Credit Sentry Monitoring Plan
The Credit Sentry plan is going to be the most basic of the four plans and will come with the below benefits:
As you can see it doesn't have any of the credit repair features and this plan is also going to the be the most affordable out of the flour plans.
Money Management Plan
The Money Management plan is going to have all of the benefits of the Credit Sentry Monitoring plan as well as:
This is going to be the second most affordable option out of the four plans and will include a Line Of Credit from Hutton Chase Department Store.
Prosperity Package Plan
The Prosperity Package plan will come with all of the benefits of the Money Management Plan with the exception of the Guaranteed Tradeline, it is also one of the most expensive plans and includes:
To be honest, this plan doesn't seem to be worth the additional cost.
The Slash RX program is free and anyone can sign up for it here.
Unless they are offering something additional in this plan that isn't on their website, then I would go with the Money management Plan or The Success Package Plan over this one.
Success Package Plan
The Success Package Plan is going to be the most expensive of the four plans but will include all of the benefits that we discussed above.
It will include both the Slash RX Plan and the guaranteed $1,500 Line of credit.
It is going to give you the best value of all the plans and the best option if you are serious about repairing your credit.
What Do The Credit Pros NOT Cover?
The main thing that The Credit Pros won't cover is a Guarantee on a specific outcome with your credit.
It would be entirely illegal for them to do so in any way.
They also won't be able to help you with obtaining an authorized user, that is an entirely different service you can read about here.
They also probably won't be able to help with:
The only instance you will get a bankruptcy removed from your credit is if it is on your report inaccurately.
The only thing someone can do for you if you have a valid bankruptcy on your credit is to do things to lessen the impact of it.
The Credit Pros can help with that.
Student Loan Removal
Unless you are having a financial burden or can find a loan forgiveness program, the possibility of getting a student loan removed from your credit is going to be nearly impossible.
Again, just like with a bankruptcy, there are things you can do to lessen the blow of a student loan and The Credit Pros can help with that.
Because of the guidelines laid out by the CROA, no credit repair company can Guarantee the fixing of bad credit.
Unlimited Disputes With The Credit Pros
When it comes to repairing your credit you are going to be dealing with a ton of disputes.
In simple terms, a dispute is basically you telling the credit reporting agencies that something isn't correct on your credit report.
The Credit Pros is able to dispute an unlimited number of inaccurate, obsolete, and unverifiable items from your credit report every month (unlike some of their competitors which limit the number of items they challenge on a monthly basis).
Since they are able to dispute more items much faster it gives them the ability to produce faster results.
How Much Does The Credit Pros Cost?
Below is a detailed breakdown of the pricing for each plan and their initial startup fee:
Credit Sentry Monitoring
The Credit Pros Reviews
The Credit Pros Reviews tend to be neither positive or negative but just so-so.
Of all the credit repair companies that we reviewed their reviews ratings are hard to nail down.
While their average customer rating was a 3.7, the reasons for the low ratings that pulled that score down didn't seem to fit the given rating.
For instance, one review stated that they had just signed up with The Credit Pros and they were hopeful that they were legit...
That person gave them a 2.0 rating.
Another rating of 1.0 was given because a bankruptcy wasn't removed after 30 days which is probably one of the toughest items to get removed.
Many customers have reported fast positive results and that they are friendly people to work with.
The Credit Pros complaints tend to indicate some possible disorganization within the company which leads to miscommunication and billing errors.
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Who is the Credit Pros For?
Individuals or Couples with bad credit
The Credit Pros is mainly for people who have bad credit, if you need to get better credit so that you can get that new car or move into an apartment or home, they can help.
With better credit you can also get better employment opportunities as people do review your credit for certain jobs.
The Credit Pros can also help a young couple looking to move to a new house but cannot afford or accept the terms of a mortgage because of pricing reasons due to a low credit score.
Mortgage lenders determine the terms of the loan based on your credit score and report. The higher the score, the better the terms and lower the cost of the loan.
The Credit Pros Promise
It is always great when a company will stand by their word and The Credit Pros has put it in writing.
"We understand that you have placed your trust in us and we take that responsibility seriously.
This is why we want you to feel safe when working with us. The Credit Pros is committed to quality, achieving results, and providing “5 star level” client support."
They also promise:
This is a great promise so be sure to hold them accountable if you sign up.
What To Expect After You Sign Up
So once you get signed up, within 3 to 5 business days their specialists will begin working by sending letters addressing the inaccurate items on your credit reports.
Approximately 60 days from the time you sign up you will receive a copy of your credit reports from the credit bureaus (Transunion, Equifax & Experian).
When you receive all three of your updated credit reports, you will need to just put them into an envelope and mail them to The Credit Pros.
All you have to do is continue to send the updated copies of your reports.
You should probably fax all of your documents, the sooner they receive the information the better results you will have overall.
If you have access to a fax machine you may also send your files to them via fax as well.
You can fax your reports over 24 hours per day to: (973) 732-0794.
How To Cancel The Credit Pros
The fastest way to cancel your membership with The Credit Pros is to contact them by phone at: (844) 257-4696 between the hours of 9 a.m. – 8 p.m. (EST) M-F
You can also email them at: [email protected]
The Credit Pros Availability
There are some places where The Credit Pros doesn't provide credit repair service and those states are:
Best Alternative To The Credit Pros
While you might be expecting to see the name of some competitors, the truth is that doing the work yourself is the best alternative.
We have created a step by step guide you can use to boost your credit score anywhere from 50 to 100 points in 30 Days.
You can also check out our Credit Building Weapons where we show you the best free and paid ways to build your credit.
Last but not least you can join our 90 Day Credit Sprint Challenge which is also free to join and participate in.
The best thing these different approaches is that it won't cost you a monthly fee or a sign up fee to start the process.
You might have to spend money on obtaining a secured card or a credit builder loan; however, you don't pay anything directly to Credit Knocks.
In May 2019, the Consumers Financial Protection Bureau (CFPB) filed a complaint against Progrexion, the legal owner of Lexington Law and CreditRepair.com for deceptive marketing practices.
You can keep up with the latest on the Lexington Law and CreditRepair.com lawsuit by clicking here.
Taking Action On Your Credit
Hopefully, you found The Credit Pros Review we wrote to be helpful because starting your credit journey can be complicated and confusing.
There is no better time than now to get things started and the sooner you get your credit in a better position the better off you can obtain the things that have been eluding you.
Start establishing or rebuilding your credit today with the help of our top rated credit repair company, Sky Blue Credit Repair.
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Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.