10 Best Credit Repair Software of 2022

Credit repair software is among the most sought-after types of information and utilities for individuals and businesses alike. Some individuals find it to be an extremely rewarding learning curve to learn about credit repair techniques. Indeed, it is one of the most profitable yet unintuitive pieces of the personal finance puzzle. There are several credit repair systems out there, many of which claim to be “the best.” However, not all tools are created equal. So, which credit repair software tools are worth the cash?

Is credit repair software necessary?

Credit repair software can help one increase their credit score and improve their credit standing in the eyes of lenders. Although, these enhancements do not usually result in a substantial boost in credit score. However, it can help improve credit health and pave the way to obtain credit. Credit repair tools can also help a person optimize credit utilization, provide them with budgeting advice, and may even assist them with refinance or dispute loan terms or requests.

So, in theory, credit repair software will help someone improve their credit score, even without significant benefit in the amount of credit score points achieved. Credit repair tools will help one understand credit repair. Credit repair tools should ideally help users get a clear understanding of how they can improve their credit profile. However, a person must be able to interpret the software and use it in a way that will improve their credit.

Which credit repair software is best?

The following credit repair tools are worth a shot, based on their functionality, ease of use, reviews, user ratings, and functionality for those with a credit score of 699 or below.

1. Approach Money: This credit repair software tool from Approach Money boasts of a customer satisfaction score of 4.3/5 on the CFPB website, based on five-star reviews from customers on Google, Amazon, and Yahoo. The site says that users can easily download the software to their phone or tablet. It is not yet clear whether the credit repair software allows users to create a budget, but most of the reviews suggest it is at least possible to do so. However, the software will only work on some phones and tablets.
2. MoneyLion: This credit repair tool is one of the most popular with a Google rating of 4.5 out of 5. Similar to App Approach Money, MoneyLion boasts of a customer satisfaction score of 4.3/5 on the CFPB website, based on five-star reviews from customers on Google, Amazon, and Yahoo. Users who found it to be useful are users who have previously asked for budgeting advice. A few reviewers also state that they were able to actually create a budget and stick to it.
3. MoneyTools: This credit repair software tool is recommended by CFPB credit.com for helping users create a budget, identify their expenses, pay off credit cards, and improve credit score. It also offers a free credit report, up to four credit scores per month, and alerts for derogatory transactions. Although it does not have a user rating on the CFPB website, the site suggests that users should create an account in order to use the credit repair tool. The site also lists a few users who were given satisfactory ratings for their time spent using the tool.
4. Credit Circle: This credit repair tool aims to help users improve their credit score. Users can use this tool to understand their credit score and how to improve it. It can also give users a four-step strategy to go about improving their credit score. Based on user reviews, the tool is useful for those with credit scores between 600 and 750.
5. MoneyWise: This credit repair tool from SmartMoney is recommended by CFPB credit.com for helping users with debt management, budgeting, and debt settlement. It has a 4.3/5 customer satisfaction score on the CFPB website. It also offers a free credit report, up to four credit scores per month, and alerts for derogatory transactions. The app is available for both iOS and Android devices. Based on user reviews, MoneyWise is useful for users with credit scores between 680 and 739.
6. EasyCreditBuddy: This credit repair tool from SmartMoney helps users create a budget and learn to manage credit cards. It also has a cashback program to encourage users to make payments on time. One of the problems with this credit repair software tool is its limited functionality as the only thing you can do is set up a budget and find a credit card that will best meet your financial needs. This app has a customer satisfaction score of 4/5 on the CFPB website.
7. Libby and Fast Credit Lock: Libby is an app recommended by CFPB credit.com for helping users pay off credit cards and improve credit scores. According to a review by CFPB credit, the app seems very good. However, in another review, a user states that the app asks for access to user emails, which seems to be a breach of privacy. The review also suggests that the app is hard to use as it does not offer the option of scanning the credit card through the app. The reviewer also states that she is unable to access her account and instead needs to call the company to do so. The app does not have a customer satisfaction score on the CFPB website.
8. CreditKarma: CreditKarma claims to offer the largest consumer credit score database in the United States. Users can go through the website and access a free credit score, several free credit reports, tools to monitor their credit, and free credit monitoring. Users can also monitor their credit history with this credit repair software tool. The only problem with CreditKarma is that although it allows for a free credit score, the score does not come with any related tools or forms that the user can use to improve it. Based on the CFPB credit review, CreditKarma has a customer satisfaction score of 4.3/5. However, according to another review on CFPB credit, the service works only for credit card users.
9. Credit builder: This is a credit repair tool that aims to help users build credit. It is also known as CreditSecuritization. It has a variety of handy features such as payments history, inquiries, identity monitoring, verification of accounts, credit report, and credit freeze. However, Creditbuilder lacks many of the features offered by the apps mentioned in this post. The reason given by the reviewer is that the reviews on Creditbuilder were misleading and the tools provided in this app are unreliable and can be used by credit card users only. The reviewer stated that the business address provided for the company’s business license was false. Additionally, she advised people to avoid this credit repair tool because she was disappointed by the quality. However, many people recommend it.
10. CreditFidelity: This is another app recommended by CFPB credit.com. It offers free credit scores. The site does not mention the app’s cost and stated that the credit score does not include all of the positive aspects of a credit score. The reviews on this app seem positive. However, when compared to the apps featured in this post, the reviews seem not to be as enthusiastic. One of the biggest problems with this credit repair tool is that you need to log in every time you use the credit score. According to CFPB credit, this is a breach of privacy. This credit repair tool has a 4.3/5 customer satisfaction score on CFPB credit. However, other reviews suggest that the app is unusable and the customer service is poor. The review states that the tool has high customer service but no customer service at all.

Some Other Credit Repair Tools that are Worth Using

• FindFreeCredit: This is another app recommended by CFPB credit.com. It offers free credit scores and credit reports. It also helps users build credit. The site says that the credit score comes with no related tools. However, the app has a customer service team to assist users with their issues. Users have expressed disappointment in the customer service. As a result, the company is being called out by other reviewers on CFPB credit. They claim that the service is unreliable and that you cannot rely on it. This credit repair tool has a 4.7/5 customer satisfaction score on CFPB credit. However, many users complain about the lack of customer service and some are concerned about its reliability.
• Smart Credit Repair Tool: This is another credit repair tool recommended by CFPB credit. It is free and helps users build credit. It also lets users establish a fraud alert and fraud alerts. Other features of this credit repair tool include: credit report analysis, credit score, and free credit report. The reviews for this credit repair tool are very positive. It has a 5.1/5 customer satisfaction score on CFPB credit. However, a number of users have complained about its user interface. According to other users, it is slow and does not work well.
• CreditMantix: This credit repair tool claims to help users improve their credit score, fix errors on credit report, open and close accounts, and block abusive companies from contacting them. The website states that the credit score is accurate, reliable and impartial. However, the developers did not respond to a request for comment. However, the company’s official Facebook page is full of testimonials from users. The testimonials of users are positive and happy with their credit score and credit score improvement.

Benefits of Using Credit Repair Tools or Software

This credit repair software review discusses three main reasons why you should consider using credit repair software for your credit repair efforts. Credit repair tools can reduce your credit repair time and effort. It is much faster to use and you can start right away. You can check whether your credit score is improving on your own, without paying anything. Once you buy a credit repair software, you only have to use it once to get your results. According to Javelin, a national, non-partisan research firm, you have to wait an average of up to seven years to receive a verdict if you contact a creditor directly. The credit score is your key to unlock opportunities and financial freedom. Let’s see the three benefits of using credit repair software below:

1. It speeds up the credit repair process.

One of the advantages of using credit repair software is that it allows you to check your credit score on your own or in a short period of time. In other words, you do not have to rely on an individual for this. It is much faster to check your credit score than contacting a creditor directly. As a result, you can also start on your credit repair task much faster. Using credit repair software will save you a lot of time and effort. It also takes you out of the loop. You will not have to interact with a creditor directly or wait to hear from them for your result.

2. It saves you money.

Having a good credit score improves your chances of being approved for a loan. However, according to Javelin, there are many steps you have to take to increase your credit score. Using credit repair software can shorten the steps. It can greatly reduce the time it takes you to get the results. As a result, you will be able to check your credit score much faster. In addition, you can check your credit score with a range of credit score providers. This is very convenient.

3. Credit repair tools can prevent errors on your credit report.

The credit score is not the only thing that will affect your chances of getting a loan. Errors on your credit report will also affect your chances of getting a loan. If you check your credit score, you can catch mistakes and correct them. Errors on your credit report will show on your credit score, which will harm your chances of getting loans. Errors will appear on your credit score. Even if you don’t report it, this information will still be reported to credit bureaus. It will be available to potential lenders and they will not be able to evaluate your financial reliability if they see errors in your credit report. This is why you should use a credit repair software to repair your credit report.

Here are the final verdicts:

You will need to compare the features of different credit repair tools to make the right choice. Most of the tools offer you a free trial. Since most of the tools offer you a free trial, you can check your credit score before you buy.

If you are looking to improve your credit score, then try paying for a credit repair service. However, it is important to understand that there are risks in doing this. Always check out the results of previous credit repair projects and compare them to the results of other projects.