On Credit Repair Software: Knowing the Best Options For Your Business

It’s not easy to run a business as it is, but things get a lot more complicated when you have to take care of a bad credit score. Poor financial management is the beginning of a bad streak for any business.

Do I really need a Pro Level Credit repair software?

As you will research the credit repair software for your business, you will find many costly software or their versions. Some with monthly subscription fees and others with huge price tags.

Mostly, you will not need these pro versions unless you are providing these services on a commercial basis.

If you only want to fix your credit report, “the basic version” is usually enough.

But what are your best options?

1. Experian Boost

According to Experian’s own research, “75% of consumers with FICO Scores below 680 saw an improvement in their credit scores with Experian Boost,” and it’s probably true because this software is one of the top tools used by both private individuals and businesses.

Aside from its efficiency, Experian Boost is also known for its easy process. After signing up, you just need to connect your bank account and the program will automatically dig into your credit card payments and bills. Experian will also give you an updated FICO Score as long as you pay your bills on time.

This software is recommended for consumers or entrepreneurs with FICO Scores lower than 680 or those with thin credit files. Experian is also free and you can easily set up your account with just a few steps. However, you might encounter problems if your lender uses Equifax or Transunion credit reports.

2. Credit Repair Cloud

Designed specifically for businesses, Credit Repair Cloud is everything you could ever want in good credit repair software where you and your clients could keep tabs on agreements, disputes and credit status with ease. Credit Repair Cloud provides your clients with a portal where they can monitor their accounts saving you time on calls.

This tool also allows you to import credit reports and generate dispute letters within seconds and it already includes a full-feature CRM that’s beneficial in running your business.

A Credit Repair Cloud package costs between $179-%599, but it’s definitely worth the investment, especially if you’re in finance, loans or real estate.

 

3. Credit Detailer

Another great tool for fixing credit problems, Credit Detailer can take care of managing your finances by generating letters and tracking responses from collections agents and credit reporting bureaus. This tool specializes in consumers with credit reporting errors that are dragging down their scores.

For $300-$400, Credit Detailer is a robust credit repair partner that offers a thorough approach to fixing your credit score and it also comes in Spanish Although it’s a little costly, this tool is created by a well-established company, so it means that you can rely on its efficiency to help your business.

Perhaps the only downside to this tool is that its interface could be a little hard to navigate even for the most seasoned mobile natives.

Credit Repair Software Benefits

Credit repair software has many benefits:

You will pay only once: Unlike any third party or hiring expert, you will usually don’t pay on a monthly basis to use credit repair software.

You Pay Less: You will pay only at the time of purchasing the software — no additional charges.

You Stay In Control: It’s better to solve your credit report by yourself, Instead of hiring anyone. The best Credit software has all the necessary tools to improve your credit report.

In spite of these benefits, there can be cases that you will have to seek the help of the experts.

This could be true for individuals or business owners who have a terrible credit report.

Choose the Right and the Best Credit Repair Software

You don’t use a wrench to hammer a nail, right? Similarly, credit repair software must fulfill the needs of your business. Credit repair software must match your needs. Your choice should be based on your needs.

The takeaway

This DIY thing requires a lot of hard work, patience, and diligence. Improving your own credit report is a lengthy process. Alternatively, using credit repair services involve a hefty fee, but it also saves your time and allows you to perform the task professionally. Plus, you learn directly from the experts.

Being said that, the best credit repair software for your business are handy tools. These credit report repairing software even become more valuable if you have any particular need, like generating several letters or tracking the follow-up details.

At the end of the day, it’s all about finding credit repair software that will fit your exact needs for the business. Each company has different financial challenges, which is why it’s very important to know your problem first before you start choosing the right credit repair software and ultimately, the right merchant processor for your credit repair company.