Best Credit Repair Companies in Tucson, AZ

Credit repair in Tucson

The average credit score in Tucson is 676, which is slightly higher than the national average of 675 and the Arizona state average of 669. If you find yourself below these average scores, or if you’d like to qualify for the better interest rates that come with having a higher credit score, it’s possible a credit repair company can help you. If you’re unsure of your credit score, the Consumer Financial Protection Bureau (CFPB) lists multiple ways to obtain it.

Having a higher credit score in Tucson creates 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 more offers and use your options to find the best loan offers.
• Lower interest rates: A higher credit score shows lenders you’re reliable, and 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, you may be put in the position of requiring a cosigner to secure your loan. A higher credit score lets you avoid needing a cosigner and gives you more financial independence.
• No security deposits on utilities: Because a high credit score shows you can be trusted to pay your bills, service providers such as electric utilities and cellular phone companies are less likely to require a deposit for new service.

Credit repair companies in Tucson work with the three credit bureaus—Experian, Equifax and TransUnion—to identify incorrect, negative information on your credit report. Once the credit repair company identifies incorrect information, employees will dispute the information and attempt to have it removed from your credit report. As negative information is deleted, your credit score will gradually recover.

Although it is possible to obtain copies of your credit reports and dispute incorrect negative information yourself, the process is time-consuming and often confusing. A credit repair company in Tucson can use its experience to help you improve your credit score while also providing education to help you maintain your score in the future.

While searching for a credit repair company in Tucson, the CFPB lists some red flags to watch for, including:

• Demanding payment before services have been performed. While some companies may charge an initial fee to obtain your credit reports, federal law prohibits credit repair companies for charging upfront fees for services.
• An inability to answer specific questions. If a credit repair company’s employee is not willing to explain specifically how the company can help you, that’s a warning you may not be dealing with a reputable company.
• Making specific promises. Although credit repair companies can help many people, it’s impossible for them to promise specific results. If a company makes promises that sound too good to be true, they likely are.

Although credit repair companies in Tucson may not be able to promise an increase to your credit score, many offer money-back guarantees if you’re unsatisfied with the results. Also remember that credit repair can be a long process—while the average dispute process lasts between three and six months, it may take more than a year to see the full results.