Latest news with #creditscore
BBC News
4 days ago
- Business
- BBC News
'My credit score has been destroyed by fake energy debt'
A woman who had a prepayment meter forcibly installed in her home over a debt she did not owe says her credit score is still ruined years Asante – a church pastor – spent years battling with Scottish Power over a non-existent debt before the company apologised and wiped the remaining balance last Favour says her credit score is still ruined due to the false debt and she remains unable to get a credit card or take out a phone Power said it had removed the credit markers against Favour's record last year but she is concerned her score could take years to recover. The energy firm said: "We've shared with credit reference agencies that she has a prepayment meter with a zero balance, which should have a positive impact on her credit score."The error began when Scottish Power wrongly believed she owed them more than £2,000, which eventually led to the firm forcibly installing a prepayment meter into her Glasgow home in late 2022, while she was out of the country visiting was later discovered that the false debt had arisen because Scottish Power had wrongly opened and closed multiple accounts in her name. The company has since recognised the mistakes, apologised and wiped the Favour said she remains unable to take out a loan, phone contract or get a credit card because of the default on her account. It comes as thousands of energy customers are set to receive payouts, and could see debts written off, in response to widespread controversy over the force-fitting of prepayment meters into people's announcement last month followed a review by the energy regulator Ofgem, and could see eligible customers receiving payments starting at £40 and rising up to £1, years, energy companies were allowed to force-fit prepayment meters into people's homes when bills went unpaid but a scandal erupted during the energy cost crisis of 2022 when suppliers were found to have forced the meters on vulnerable intense criticism, Ofgem introduced a moratorium on forced installations in 2023 but allowed companies to restart the practice less than a year later – albeit with stricter rules in place to protect vulnerable customers who have been affected by the practice of force-fitting prepayment meters over the years have told BBC Scotland News that the compensation payments do not compare with how heavily their lives were impacted. Favour told the BBC: "It's really affected me emotionally, financially, and it's also ruined my credit score because a bill that wasn't mine was forced into my name and given to the credit agencies."For the last six years I have been on the list for not getting any credit from anywhere due to that."My credit score has been ruined, I can't apply for anything at the moment. What I've been through compared with £1,000 is not enough."Favour said she no longer trusts energy companies after the ordeal. 'No compassion' The review from Ofgem into this practice had an assessment period of 1 January 2022 to 31 January 2023, meaning Favour could be eligible for compensation. But many other customers may not has epilepsy and asthma and says that a long-running disagreement with her energy company at the time had a severe impact on her 34-year-old nursing student told the BBC she was so distressed by having a prepayment meter forcibly installed into her home that she had multiple seizures which resulted in who lived in a one-bedroom council flat in Fife at the time, says her then-energy supplier Npower increased her monthly bills from £60 a month in 2014 to about £200 - and said she had a debt of about £1, disputed this which led to a row that would continue for another three claims that a wiring issue with her storage heating meant that it was turning on when it shouldn't have been, including when she was at work. When she called Npower to ask them to assess the issue the company was "really forceful and harassing" and "threatening with bailiffs"."They had no compassion or consideration that there was clearly a huge issue for a one-bedroom flat," she said several appointments were made for the firm to visit and investigate an issue with the heating, but nobody showed up. 'It was torture' Then, in 2017, she returned home from work to find that her flat had been broken into and a prepayment meter installed."They couldn't attend to check my meter but they could attend to force entry into my house," she said."I was having a lot of seizures at the time because of the stress. It really freaked me out and made me feel so unsafe."Energy firm has since acquired Npower and Rebekah says that her debt was finally written off in December 2024 after she applied for a winter heating scheme for vulnerable she believes that even if she were to receive compensation, it would not be enough."It was a constant battle," she said."I had to miss work countless times due to the seizures. I'd end up with horrific injuries."And yes, my debt has now been wiped off and I'm grateful for that, but the stress of it was torture."An Next spokesperson said: "While this case predates our acquisition of Npower and Rebekah was not an customer at the time, we are pleased that we have since been able to offer direct support and resolve the issue for her." Organisations such as Citizens Advice Scotland have long-opposed the practice of forced installations even prior to it catching headlines in 2022, and raised particular concerns around safeguards in place for vulnerable a 62-year-old cleaner from Hamilton, told the BBC she remains affected to this day by having a prepayment meter forced into her home in 2015."I was a single mother, working-part time on minimum wage, and came in from work one day right before Christmas to see an envelope with new keys in it," she said. "They'd broken in and put a prepayment meter in."Susan said she had fallen into debt of about £3,500 with energy provider EDF after struggling with the death of her father alongside having a disability and mental health issues."I know it was my fault for racking up the debt and I buried my head in the sand, but they never gave me the option to pay it off in instalments at all and I didn't know they'd break in when I wasn't there," she said."It was so upsetting because I couldn't talk to anybody about it and I was embarrassed about the debt. I didn't want my family to know."Susan thinks there are not enough protections in place to support vulnerable customers who find themselves in debt, and says she would have agreed to a repayment plan if she had been made aware it was an said: "If they'd have told me they were coming, I would have arranged to take time off work so that at least there wouldn't be people in my house when I wasn't there."I'm not vulnerable now like I was then, I am doing much better, but there were not measures in place to protect vulnerable people."It was just awful. They could see that a kid lived here, that it was Christmas. What a time of year to do that to somebody."Susan said because prepayment meters are generally more expensive than other payment methods, her bills are a "fortune" and she is still paying off the debt to this has been approached for comment. Distressing cases As of 2024, Ofgem has introduced rules which means companies cannot force-fit meters if an occupant of the house is over 75 with no other support, is under two years old, needs energy for health reasons, or suffers from a chronic or terminal Vyas, chief executive of Energy UK, which represents energy firms, said suppliers had been working closely with Ofgem to meet the regulator's requirements, but said there were instances where forced fittings were Advice Scotland director of impact David Hilferty said the compensation scheme is welcome said: "We have always opposed forced installations as they take away people's choice, pushing them to pay money upfront which they often can't afford."Our network has seen many distressing cases over the years of people who have been forced to disconnect their heating supply or go into debt as a result of this, so it's right that they should be compensated."What's important now is that suppliers deliver this compensation quickly and do the right thing for those who have experienced unnecessary harm."
CBS News
29-05-2025
- Business
- CBS News
Student borrowers' credit scores are taking a hit. Here's why that matters.
With student borrowers back on the hook for repaying their loans after years of government leniency, delinquent borrowers are struggling to pay. As a result, their credit scores are getting dinged, hurting their ability to access future credit. Credit scores dropped by more than 100 points for 2.2 million delinquent student loan borrowers from January through March of 2025, according to recent data from the Federal Reserve Bank of New York. For its report, the Fed looked at a borrower delinquency rate based on shares of student loan borrowers with at least one student loan reported as past due or in default. Another one million borrowers experienced credit score drops of at least 150 points for the first three months of 2025. A low credit score makes securing future loans both more difficult and more costly, pushing milestones like buying a home, or saving for retirement, further out of reach. It can even impact one's employment prospects. "The key risk is that this could lead to reduced credit limits and higher interest rates for new loans, which could reduce delinquent borrowers' access to credit, which would then be used for other areas of spending such as on cars and mortgages," Grace Zwemmer, associate economist at Oxford Economics, told CBS MoneyWatch. Some 2.4 million of the newly delinquent borrowers previously had credit scores above 620, which are considered good and would have allowed them to qualify for new car loans, mortgages and credit cards before the delinquencies were reported, Fed researchers said. "These borrowers saw substantial declines in their credit standing in the first quarter and will now face steeper borrowing costs or denial for new credit," Fed researchers said in the report. Grace period expires Student loan repayments were paused at the onset of the COVID-19 pandemic by President Trump in March 2020, during his first term. After multiple extensions of the payment pause by former President Biden, repayments resumed in October 2023. The U.S. Department of Education then instituted a 12-month "on ramp" period which expired in October 2024, to give student borrowers some leniency as they resumed payments. During the transition period, loan servicers did not report missed payments or delinquent loans to credit bureaus, protecting many student borrowers from the worst consequences of not making their payments. Borrowers are considered delinquent on their loans when a payment is more than 90 days late. The pandemic-era pause on repayment had a positive effect on borrowers' credit scores: Between 2019 and 2024, the number of borrowers with credit scores below 620 fell by more than 4 million, as borrowers moved into higher credit score brackets, an analysis from Oxford economics shows. With that grace period having ended on May 5, newly delinquent student borrowers' credit scores are also being dinged, as their failures to pay back their debts are reported to credit bureaus. "Borrowers receiving a new delinquency will see a drop in their credit score. This may signal a reversal of the positive credit score trend seen during the pandemic, which would lead to reduced credit limits and higher interest rates for new loans," Oxford Economics researchers wrote in a report. Long-lasting consequences Substantial drops in delinquent student borrowers' credit scores will have long-lasting ramifications for those affected, including lower credit limits, higher interest rates for new loans and limited access to credit in general, according to experts. "The long-term issue is they'll have trouble accessing other types of loans in the future, like mortgage and car loans. It's easier to build credit scores when you don't have negative data, but when you have a delinquency, it's hard to come out of that. It takes a lot of effort," Tushar Bagamane, CEO of budgeting tool Vola Finance, told CBS MoneyWatch. Consumers with multiple delinquencies report having to pay "exorbitantly high on interest" on larger loans once a delinquency impacts their credit score, Bagamane said. "They have to pay more on their home loans and the cost of those lines of credit affects the income they have left after meeting their essential needs," he said. "The ability to refinance existing loans with a low credit score can be prohibitively expensive and at that point, borrowers are almost left outside the financial system." By that he means they can't achieve milestones like owning a home or acquiring other assets, "which is not a good position to be in," Bagamane added. American dream increasingly out of sight Zwemmer, of Oxford Economics, noted that a delinquency remains on one's credit report for seven years, and so avoiding becoming delinquent on a loan in the first place is the best course of action. If millions of student borrowers drop into lower credit score brackets, it could exacerbate the divide between low-income and higher-income Americans. "Older and lower-income segments of the population will be most impacted, so we'll be looking to see if there's a further bifurcation of U.S. consumers," Zwemmer said. Jason Ackerman, a certified public accountant and co-founder of WealthRabbit, a retirement planning platform, said that as their credit scores drop, those who can least afford to shoulder higher borrowing costs will see their rates rise. "Younger people are getting further behind on the American dream of buying a house and saving for retirement," Ackerman told CBS MoneyWatch. "Their payments get higher — and the more you're putting toward student loans, the less you can put toward other things."
Yahoo
25-05-2025
- Business
- Yahoo
After A 4-Year Pause, Student Loans Are Destroying Credit Scores — One Borrower Says It Cost Her 137 Points In Weeks
After a nearly four-year break, federal student loan payments have resumed — and for millions of Americans, the financial aftermath has been swift and painful. Borrowers are now facing steep drops in their credit scores, with some seeing declines of more than 100 points in just a matter of weeks. Student loan payments officially resumed in October 2023, but thanks to a one-year "on-ramp" period, missed payments weren't reported to credit bureaus right away. That protection ended in October, and now borrowers who've fallen behind are starting to feel the full impact. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – In the first quarter of 2025, 2.2 million federal student loan borrowers became newly delinquent and saw their credit scores fall by more than 100 points, according to the Federal Reserve Bank of New York. More than 1 million of those borrowers saw drops of at least 150 points. A 100-point drop in a credit score can be extremely damaging. According to LendingTree's chief credit analyst Matt Schulz, recovering from such a hit could take years. "It can literally cost you tens of thousands of dollars over the course of your life in the form of higher interest rates, bigger fees and more," Schulz told Fox News. Kayla Quinones, a 26-year-old borrower from Florida, saw her credit score drop 137 points between January and March — and she didn't even realize she was behind on her payments. Quinones told CNBC that although she received emails from the U.S. Department of Education, she thought they were general updates, not action items. It wasn't until she checked her credit score while preparing to move that she discovered the drop. "I went back into [my loan servicer] website, took a peek, and was just kind of figuring out what is going on," she said. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Quinones used her savings to pay off the overdue amount and worked with her servicer to set up a payment plan. But the damage to her credit had already been done. For borrowers like Mervelline Aflata of Dallas, falling behind wasn't just about confusion — it was about survival. Aflata earned her master's degree in 2023 and planned to resume payments in early 2025. But after undergoing surgery and losing her job, she wasn't in a position to pay. By the time she started working again and attempted to make a payment, her credit score had already dropped 154 points. "Maybe I could have looked into more options with the loan servicer, but in that moment, I was just worried about living," she told CNBC. Aflata eventually worked with her servicer to bring her account current and filed a dispute with TransUnion. Within a week, the missed payments were removed from her report and her score rebounded — a relief, since she hopes to buy a home some borrowers have been able to bounce back, others may face a long road to recovery. Schulz told Fox News that rebuilding a credit score after a major hit is "a marathon rather than a sprint." Still, there are steps borrowers can take: Check credit reports for errors. Request goodwill removals of missed payments from servicers. Become an authorized user on someone else's credit card. Ask for higher credit limits, but avoid using the new credit. Above all, making consistent, on-time payments is key. The end of the pandemic-era student loan pause has created confusion and financial stress for many. Whether due to a misunderstanding or tough circumstances, falling behind on student loans now has real consequences. Credit damage from student loan delinquency doesn't just affect borrowing; it can influence housing, insurance rates, and job opportunities. Checking in early and often with loan servicers may help avoid surprises down the road. Read Next: Maximize saving for your retirement and cut down on taxes: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article After A 4-Year Pause, Student Loans Are Destroying Credit Scores — One Borrower Says It Cost Her 137 Points In Weeks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
20-05-2025
- Business
- Forbes
This Week's Personal Loan Rates: May 20, 2025—Rates Inch Down Again
Rates on personal loans declined last week, giving qualified borrowers a chance to secure a reasonable interest rate and finance a project, purchase or even unexpected bills. From May 12 to May 17, the average fixed interest rate on a three-year personal loan was 14.20% for borrowers with a credit score of at least 720 who prequalified on personal loan marketplace. That's down 1.07 percentage points from the previous week, according to The average rate on five-year personal loans fell last week from 20.37% to 19.70%. The rate you'll actually receive depends on several factors, including your credit profile and the loans available through your chosen lender. Borrowers with the highest credit scores are likely to receive rates significantly lower than average. These rates are accurate as of May 17, 2025, and based on the three-year fixed rate. Related: Best Personal Loans Personal loan rates fluctuate frequently, and each lender determines and sets different rates. While your rate isn't guaranteed until you sign your loan agreement, you can get an idea of average lender rates below. The table below compares personal loan rates for three- and five-year terms to help you understand rate trends. Lenders typically consider your loan term and credit history to determine your interest rate. Your credit score plays a major role in the interest rate a lender offers for a personal loan. Lenders use your credit profile and other factors to evaluate your risk as a borrower. In general, the higher your credit score, the lower the interest rate you'll receive. The table below compares average personal loan interest rates by credit score, showing how much your score can affect your rate and how much you could save over time. Since each lender sets its own personal loan rates, use these three simple steps to compare personal loan interest rates: Related: 5 Personal Loan Requirements To Know Before Applying We recommend you get a personal loan only when it's necessary. If you're considering a personal loan, these steps can help you understand if it's the right choice: In some cases, getting a personal loan may not be the best decision. For example, we don't recommend a personal loan if you can't afford the monthly payments or if you can wait to save up the money you need. Personal loans are available through a variety of institutions, which should help you find a lender that meets your needs. Your credit profile and financing needs typically determine the best lender for you. You can get personal loans from: While borrowers with strong credit typically get more favorable interest rates, lenders also rely on current market conditions to set interest rates. If you have good credit but your annual percentage rate (APR) is high, it may mean interest rates are generally high. That said, it can also mean your income isn't high enough to qualify for lower rates or your debt-to-income ratio (DTI) is too high. High personal loan interest rates are a result of current market conditions and/or low credit scores. Lenders set their interest rates based on the economy and your credit profile. If you want to get the lowest rates possible, work on improving your credit score and debt-to-income (DTI) ratio before applying.
Yahoo
18-05-2025
- Business
- Yahoo
Best Credit Repair & Score Boost 2025: The Credit People Review For Fast Credit Fix & Financial Improvement
Improve your credit fast in 2025. Read The Credit People review for top credit repair & score boost solutions with expert help and flat-rate plans. The Credit People Salt Lake City, Utah, May 18, 2025 (GLOBE NEWSWIRE) -- Introduction: Credit Score Woes in 2025 & The Rise of Credit Repair In today's economic landscape, your credit score is more than just a number—it's a financial passport. Whether you're applying for a home loan, refinancing your car, or qualifying for a lower interest rate, your credit profile plays a pivotal of 2025, more consumers are becoming aware of how deeply their credit scores influence everyday opportunities. Unfortunately, even responsible individuals can find themselves facing credit damage due to errors, identity fraud, late payments, or financial hardship. And once the score drops, bouncing back isn't always has led to a surge in professional credit repair solutions—services designed to help individuals correct mistakes, rebuild their credit, and regain control of their financial journey. Among the most recognized names in this space is The Credit People, a firm with a track record of offering budget-friendly credit improvement services backed by experienced support.✅ Top Pick: – Best Credit Repair & Score Boost company ranked this thousands of files reviewed and many scores elevated, The Credit People have become a go-to choice for those looking to take real steps toward better credit. But how exactly do they work, what's included in their service, and are they worth the investment?This detailed review answers all those questions and more. If you're someone who's tired of watching your financial goals get pushed back because of a poor score, keep reading to discover how The Credit People might help you shift the momentum in your favor. Tired of rejections? Fix your credit today—spots are filling fast! What Is Credit Repair? How It Works & Why It Matters Credit repair is a process where inaccurate, outdated, or unverifiable information is identified and challenged on your credit report. These negative items can unfairly lower your score, affecting your ability to access financial services, secure housing, or even pass certain background three major credit bureaus—Equifax, Experian, and TransUnion—each maintain their own version of your report. Mistakes are surprisingly common. Some of the most frequent issues include: Duplicate accounts Unfounded collections Incorrect payment histories Accounts belonging to someone else The Fair Credit Reporting Act (FCRA) allows consumers to dispute such entries. However, the process can be complex and time-consuming, especially for individuals unfamiliar with how bureaus where professional credit repair companies like The Credit People come in. They handle the process from start to finish—reviewing reports, drafting disputes, following up with credit agencies, and helping ensure that only accurate and fair data remains on your dispute handling, credit repair also includes guidance on improving credit behavior, monitoring changes, and protecting your identity from future damage. In a world where credit impacts nearly every financial move, the value of an expert-led credit strategy has never been more essential. Act now—your financial future won't wait. Get started with The Credit People Meet The Credit People: Company Background & Credibility Founded in 2001, The Credit People® has dedicated over two decades to assisting individuals in improving their credit reports and raising their credit scores through expert credit repair services. Their commitment to excellence has been recognized in prominent publications such as The Wall Street Journal, Smart Money, and USA a mission to be "just your ordinary everyday credit superheroes," The Credit People® has helped over one hundred thousand people with their credit, focusing on perfecting their service and improving team performance rather than merely seeking industry leadership. Their approach centers on providing excellent value and unmatched benefits to clients, including aggressive results, comprehensive credit reports and scores, 24-hour account access, and a satisfaction company's structure comprises specialized teams: Credit Repair Team: Certified and trained in laws governing credit repair, this team has processed over 310,000 unique credit reports, ensuring clients' rights are upheld. Score Analysis Team: Focused on understanding the nuances of credit scoring, they provide insights into debt-to-income ratios, credit type ratios, and scoring models to drive score improvements. Support Team: Dedicated to treating clients with personalized care, ensuring that individuals are more than just numbers. Sales Team: Emphasizing a non-salesy approach, they guide clients through the credit repair process with transparency and support. Executive Team: Steering the company's mission, they combine a passion for helping people with strategic oversight. Tech Team: Committed to data security, they implement measures like 2048-bit encryption and PCI compliance to protect client information. Marketing Team: Responsible for outreach efforts that connect the company with those in need of credit repair services. Credit Partners: An independent sales force catering to affiliate needs, expanding the company's reach. This comprehensive team structure ensures that clients receive specialized attention at every stage of their credit repair journey, reflecting The Credit People's dedication to delivering impactful results and exceptional service I found out the bureaus made 3 mistakes on my report—guess who fixed it? How The Credit People Help Fix Your Credit – Step-by-Step Process The process of fixing credit with The Credit People is structured yet simple—designed for efficiency and transparency. Here's how it unfolds: Step 1: Credit Report Access Once enrolled, The Credit People pulls your reports from all three major bureaus. They offer a free initial consultation and provide clients with full access to their credit profile via a secure online dashboard. Step 2: Analysis of Negative Items Their credit team carefully reviews all reports to identify any harmful, incorrect, or questionable items. These can include late payments, charge-offs, repossessions, medical bills, or accounts not belonging to the client. Step 3: Dispute Strategy For each problematic item, they draft customized dispute letters tailored to the legal guidelines of the FCRA. These letters are sent directly to the reporting bureaus and creditors, initiating the correction process. Step 4: Follow-Up and Escalation Each dispute is tracked, and follow-ups are made within the legal response window (typically 30–45 days). If a bureau or creditor fails to respond properly or leaves an error uncorrected, additional steps are taken. Step 5: Ongoing Monitoring Clients can log into their dashboard anytime to check score changes, see dispute status updates, and review new credit activity. The dashboard also includes helpful insights and credit education tailored to each user's financial step-by-step process relieves clients from the confusion and frustration of managing disputes independently. And by focusing on both immediate fixes and long-term score growth, The Credit People help deliver more sustainable financial confidence. Stop letting your score say 'no' to your goals. The Credit People can help—join now Key Features & Services Offered by The Credit People The Credit People offers a range of tools and services designed to not only correct credit issues but also to support long-term improvement. Their platform combines personalized service with practical digital tools, making it easier for clients to engage with and understand their financial progress. ✅ 3-Bureau Credit Report Access Upon signup, users receive access to their credit reports from Equifax, Experian, and TransUnion. This full visibility ensures all negative entries across the credit spectrum are accounted for and targeted during dispute cycles. ✅ Unlimited Disputes Unlike some competitors that cap the number of items per cycle, The Credit People allows for unlimited disputes. Whether you have five or fifty incorrect entries, the team works on your behalf to challenge each one accordingly. ✅ Score Tracking Clients can log in to view ongoing changes to their credit scores. Updates reflect progress from cleared disputes and new positive activity, offering a transparent look at how your profile is evolving. ✅ Credit Dashboard The user portal is intuitive and accessible, even for those unfamiliar with credit repair. It includes progress timelines, educational materials, and alerts on any activity reported by the bureaus. ✅ Budgeting & Credit Tips In addition to direct dispute work, The Credit People offers credit education and budgeting support. These insights are delivered through your dashboard to help build smarter spending habits, reduce debt, and keep utilization low. No hidden fees. No fluff. Just real results. Get started before this month's window closes Plan Options & Pricing: What You Get for Your Money The Credit People offers three distinct pricing plans to cater to various needs and budgets: Standard Plan – $99 per month This pay-as-you-go option provides flexibility without a long-term commitment. It includes: Access to all three credit reports and scores Unlimited disputes with credit bureaus Monthly updates on credit reports and scores Creditor interventions for additional assistance Escalated disputes and validations when necessary 24/7 online account access to monitor progress Live customer support via phone, chat, and email An unbeatable satisfaction guarantee Clients can cancel at any time without penalties, and if unsatisfied, they are eligible for a refund of the last month's payment. Premium Plan – $119 per month Designed for those seeking the most comprehensive service, the Premium Plan includes all features of the Standard Plan, plus: Advanced credit repair strategies Enhanced creditor interventions Priority support and faster response times This plan is ideal for individuals with more complex credit issues requiring additional attention. Premium Flat-Rate Plan – $599 for 6 months For clients preferring a one-time payment, this plan offers six months of comprehensive service without recurring monthly fees. It encompasses all features of the Premium Plan, providing: Cost savings over the monthly plans Continuous service for half a year Full access to all tools and support This option is perfect for those committed to a longer-term credit improvement strategy. All plans are backed by The Credit People's satisfaction guarantee, ensuring clients receive value and results from their investment. Disclaimer: Results from credit repair services may vary based on individual credit profiles and credit bureau responses. Always conduct your own due diligence before enrolling in any credit improvement program. Fast-track your credit recovery with The Credit People—enroll before rates change The Credit People Real Reviews – Customer Testimonials Alicia D., Atlanta, GA'I signed up after being denied for a home loan. Within 60 days, two collections and a charge-off were gone. I didn't expect results so soon. The dashboard is easy to use, and customer service responds quickly.'Marcus T., Detroit, MI'I had no idea how credit worked before this. They walked me through every step. My score jumped 92 points in four months, and I finally got approved for a decent car loan.'Jennifer K., San Diego, CA'I used other credit services before, but they were expensive and slow. The Credit People actually delivered. Transparent, helpful, and affordable. Highly recommend.'Luis R., Denver, CO'I chose the flat-rate plan because I didn't want to deal with ongoing bills. I saw results in month three and am continuing to track my progress. Worth every dollar.'These stories reflect a common theme: results paired with clear communication. The Credit People don't promise miracles—they deliver steady improvements backed by real work and & Cons of The Credit People Advantages Transparent, budget-friendly pricing Unlimited disputes included User-friendly online dashboard Choice of billing model (monthly or 6-month plan) Long-standing reputation in the credit repair field Educational tools for long-term growth Considerations No mobile app (desktop-only portal) Not available in every U.S. state Results depend on each individual's report and item complexity Overall, the benefits outweigh the drawbacks, particularly for consumers seeking straightforward, no-nonsense credit repair that doesn't rely on legal jargon or overly complicated systems. Join 100,000+ users who've already boosted their scores—don't be left behind The Credit People vs. Other Credit Repair Services (Comparison) With several companies offering credit repair today, how does The Credit People stack up against popular competitors? The Credit People vs. Lexington Law Lexington Law uses a legal-based model with attorneys involved in dispute processing. While this can appeal to those facing complex issues, it often comes with higher monthly costs. The Credit People, on the other hand, uses a practical credit specialist approach—more affordable and equally effective for most standard cases. The Credit People vs. is known for a slick interface and heavy marketing, but users sometimes report slower communication and limited updates. The Credit People focuses more on results and clarity, with real-time progress tracking and fewer upsells. The Credit People vs. Sky Blue Credit Sky Blue is another flat-rate option, but it limits disputes to a fixed number per cycle. The Credit People offers unlimited disputes, making it better for users with multiple report errors or collections to address. The Credit People vs. The Credit Pros The Credit Pros emphasize mobile tools and AI-driven dashboards. While tech-savvy, they come at a higher cost. The Credit People provides similar outcomes with a more budget-conscious structure, ideal for users focused on value and competitive pricing, unlimited disputes, and a track record of customer satisfaction, The Credit People holds its own—and often outperforms—in this crowded space. One setup fee. Unlimited disputes. Real results. Here's the site How Fast Can You See Results? What to Expect Credit repair is a process that requires time and patience. With The Credit People, clients often begin to see initial changes within 30 to 60 days. However, the timeline for noticeable improvements can vary based on individual credit histories and the complexity of the issues being company initiates the dispute process promptly after enrollment, targeting inaccuracies across all three major credit bureaus. While some clients experience score increases in the first few months, others may require a longer duration to achieve significant results. It's important to understand that credit repair is not an overnight fix; consistent effort and adherence to recommended financial practices are key to long-term success. The Credit People Online Portal & Dashboard Tools The Credit People provides clients with a user-friendly online portal designed to offer transparency and real-time updates on the credit repair process. Through this dashboard, clients can: Monitor the status of disputes and removals. Access updated credit reports and scores from all three bureaus. Receive personalized tips and educational resources to support credit improvement efforts. The portal is accessible 24/7, allowing clients to stay informed and engaged throughout their credit repair journey. While The Credit People does not currently offer a mobile app, the online dashboard is optimized for use on various devices, ensuring convenience and ease of access. Got denied again because of your credit score? Watch this now Credit Score Boosting Tips You Can Use Alongside Their Service Enhancing your credit score involves more than just removing inaccuracies; it requires proactive financial habits. Here are some strategies to complement The Credit People's services: Timely Payments: Consistently paying bills on time is crucial, as payment history significantly impacts credit scores. Credit Utilization: Aim to keep credit card balances below 30% of the available limit to demonstrate responsible credit usage. Avoid New Debt: Limit the number of new credit applications, as multiple inquiries can negatively affect your score. Diversify Credit Mix: Having a mix of credit types (e.g., installment loans and revolving credit) can positively influence your score. Regular Monitoring: Stay informed about your credit status by regularly reviewing your credit reports and scores. Implementing these practices alongside professional credit repair efforts can lead to more substantial and lasting improvements in your credit health. Ideal Candidates: Who Should Use The Credit People? The Credit People's services are tailored to individuals seeking to address credit report inaccuracies and improve their financial standing. Ideal candidates include: Individuals with Report Errors: Those who have identified inaccuracies or outdated information on their credit reports. Credit Rebuilders: Individuals aiming to recover from past financial challenges, such as late payments or defaults. Prospective Borrowers: People preparing for significant financial commitments, like applying for a mortgage or auto loan, who need to enhance their credit profiles. Time-Constrained Individuals: Those who prefer to have professionals manage the credit dispute process on their behalf. It's important to note that while The Credit People can assist with disputing inaccuracies, they cannot remove legitimate negative information from credit reports. Therefore, individuals with accurate but unfavorable credit histories may need to focus on building positive credit behaviors over time. Limited enrollments available! Secure your spot and start repairing your credit The Credit People & Identity Theft Recovery Support Identity theft can have a devastating impact on one's credit. The Credit People offers support to clients dealing with the aftermath of identity theft by: Identifying Fraudulent Accounts: Reviewing credit reports to pinpoint unauthorized accounts or inquiries. Disputing Inaccuracies: Initiating disputes to remove fraudulent information from credit reports. Providing Guidance: Offering advice on steps to take, such as placing fraud alerts or credit freezes, to protect against further unauthorized activity. While The Credit People does not offer dedicated identity theft protection services, their expertise in credit repair can be instrumental in rectifying credit report issues resulting from identity theft. The Credit People in the Media – Credibility Signals Over the years, The Credit People has garnered attention from various media outlets, highlighting their role in the credit repair industry. They have been featured in publications such as: Discussing their straightforward pricing and satisfaction guarantee. CreditDonkey: Highlighting their services and comparing them to other credit repair companies. These mentions underscore The Credit People's commitment to providing accessible and transparent credit repair services. Their long-standing presence in the industry further reinforces their credibility and dedication to helping clients improve their financial health. Your dream home, car, or business loan could be one click away. Don't miss out FAQs: The Credit People & Credit Repair Services Q: Is The Credit People a legitimate company?A: Yes, The Credit People is a legitimate credit repair company with over two decades of experience in the industry.Q: How does the satisfaction guarantee work?A: If you're not satisfied with the service, you can cancel at any time and receive a refund for the current month's fee, as well as the previous month's cost.Q: Can The Credit People remove accurate negative information?A: No, they can only dispute and attempt to remove inaccurate, outdated, or unverifiable information from your credit reports.Q: How long does the credit repair process take?A: While some clients see improvements within 30 to 60 days, the duration varies based on individual credit situations.Q: Do they offer identity theft protection services?A: While they assist in disputing fraudulent accounts resulting from identity theft, they do not provide dedicated identity theft protection services.Q: Is there a mobile app available?A: Currently, The Credit People does not offer a mobile app, but their online dashboard is accessible via various devices. Getting Started with The Credit People – Step-by-Step Sign-Up Embarking on your credit repair journey with The Credit People is straightforward: Visit the Website: Go to and click on "Get Started." Choose a Plan: Select the plan that best suits your needs—Standard, Premium, or Premium Flat Rate. Provide Information: Fill out the required personal and payment information. Pay the Setup Fee: A one-time $19 setup fee is required to initiate the service. Access Your Dashboard: Once enrolled, you'll receive access to your personalized online dashboard to monitor progress and updates. Begin the Process: The Credit People will start reviewing your credit reports and initiating disputes on your behalf. Their customer support team is available to assist you throughout the process, ensuring a smooth and informed experience. Final Verdict: Is The Credit People the Best Credit Fix Option in 2025? The Credit People offers a transparent and affordable approach to credit repair, making them a viable option for individuals seeking to improve their credit profiles. Their services are particularly beneficial for those with inaccuracies on their credit reports or those looking for professional assistance in navigating the dispute they may not offer extensive add-on services like some competitors, their focus on core credit repair functions, coupled with a satisfaction guarantee, provides value and peace of mind. As with any credit repair service, results can vary, and it's essential to maintain realistic expectations and commit to responsible financial habits alongside professional assistance.⏳ Don't wait—bad credit won't fix itself. Start now with The Credit People and take the first step toward credit freedom. Spots are filling fast. Visit to enroll today Company: TheCreditPeopleAddress: 6975 S Union Park Avenue Suite 600 Cottonwood Heights, UT 84047Phone: 877-797-2975 Questions: questions@ Legal Disclaimer and Affiliate DisclosureThis article is for informational and educational purposes only and does not constitute financial, legal, or professional advice. The information presented is based on publicly available data and third-party sources believed to be accurate at the time of publication; however, no guarantees are made regarding the completeness, accuracy, or reliability of the information provided in this article is for educational purposes only and does not constitute financial or legal advice. Results from credit repair services may vary based on individual credit profiles and credit bureau responses. Always conduct your own due diligence before enrolling in any credit improvement program. The Credit People is a third-party service provider and is not affiliated with this products, Credit Repair, terms, and availability are determined by third-party lenders and are subject to change without notice. Readers are strongly encouraged to conduct their own due diligence and consult with a licensed financial advisor or legal professional before making any financial platform referenced in this article, TheCreditPeople, is not a direct lender and does not issue loans or make credit decisions. Instead, it serves as a loan connection service, matching users with independent lenders. The acceptance of a loan offer, the terms of repayment, and any resulting financial agreements are exclusively between the borrower and the content may include references or links to affiliate programs. If a reader clicks a link and subsequently takes an action—such as completing a loan inquiry or accepting a financial offer—the publisher may earn a commission at no additional cost to the reader. This compensation has no influence on the content's objectivity, and all opinions presented are strictly reading this article, users acknowledge that: They are responsible for independently verifying all loan details before accepting any offer. The article is not offering personalized financial guidance. The publisher, contributors, and syndication partners are not liable for any actions taken based on the information provided, nor for any loss or damages—financial or otherwise—that may result. All trademarks, logos, and brand names mentioned are the property of their respective owners. References to third-party products or services are for identification purposes only and do not constitute refer to the official website of the loan provider for the most accurate and up-to-date product terms, pricing, and eligibility The Credit People CONTACT: Company: TheCreditPeople Address: 6975 S Union Park Avenue Suite 600 Cottonwood Heights, UT 84047 Phone: 877-797-2975 Questions: questions@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
