What Is Credilife?

Credilife provides two avenues for credit repair: a free tool to help you figure out and send your own credit repair disputes, and paid one-on-one coaching to fix your credit and improve your money manage🐷ment skills. If you join its Credit Life Improvement Program you’ll receive a Credit Builder Blueprint, a personalized credit assessment, and a strategy for improving your credit. With the paid plans, Credilife will work on your behalf to dispute any errors it finds on your credit reports.

Building your personal credit can make it easier to qualify for a mortgage, open a credit card, or even rent an apartment in some cases. Credilife's coaches also offer business credit repair, debt management, budgeting guidance, and student loan assistance. Note that Credilife does not offer debt settlement or consolidation but rather may refer you to another company for those services. 

Pros Explained

• Free tool to help you fix your own credit: Credilife's Dispute Creator tool can help you identify items to dispute and generate dispute letters, allowing you to fix errors on your credit reports at no cost.
• One-on-one financial coaching: Credilife provides coaching calls to clients to help them achieve their credit repair goals. 
• Unlimited credit report disputes: Credilife reviews your credit reports and disputes any errors it finds to get them removed. 
  
• Discounts for medical personnel, veterans, teachers, and first responders: According to Credilife’s support team, you may qualify for a discount if you fall into one of these categories.

Cons Explained

• Pricing not disclosed on website: While some credit repair companies are transparent about their pricing structure, Credilife does not disclose its costs on its website. 
• High monthly fees for paid plan: According to Credilife customer service, it typically charges $139.99 monthly for the least expensive paid plan, and $239.99 per month for the premium plan.
• Free plan requires you to work on your own: Credilife's free Dispute Creator can help you along the way, but you'll have to 澳洲幸运5官方开奖结果体彩网:do most of the work yourself, including printing and mailing disputes, interpreting credit bureau responses, and following up appropriately (for a fee, the service will print and mail disputes for you).

Credit Repair Packages and Costs

Credilife offers a few different plans to choose from. Each one includes disputes at all three of the 澳洲幸运5官方开奖结果体彩网:major credit bureaus (Equifax, Experian, TransUnion). Credilife is not very transparent about the specific credit repair services it offers in the paღid plans, although it does cover a var꧅iety of dispute types (listed below).

Credit Life Improvement Program

Consumers looking to improve their personal credit can enroll in Credilife’s Credit Life Improvement Program. Clients work with Credilife coaches to꧙ discuss credit and debt management strategies, budgeting, and student loan repayment options, if applicable. 

During the initial consultation, your coach will evaluate and assess your credit history. Then, you’ll receive a booklet called a Credit Builder Bluꦫeprint, which is a personalized credit assessment customized to your specific goals. This blueprint will contain a strategy for your credit recovery. 

Along with♉ one-on-one coaching and support, Credilife’s team will handle credit disputes for any inaccurate information it finds on your credit reports. It provides unlimited disputes and will challenge credit report errors tha𝓀t may unfairly drag down your score.

Credilife will also communicate with the credit bureaus and creditors on your behalf to discuss derogatory marks, initiate disputes, and send debt validation letters. It can also send goodwill removal requests to creditors and 澳洲幸运5官方开奖结果体彩网:cease-and-desist letters to debt collectors. 

Money Mastery Personal Financial System

Credilife offers ♊the Money Mastery Personal Financial System, a financial literacy and coaching program, to help improve your money management skills. This program covers managing cash flow, paying off debt, dealing with taxes, and building savings. According to the company, this system will address your entire financial situation and provide solutions for managing it holistically.

Credit Repair Dispute Types

Credilife deals with the following issues:

• Bankruptcy disputes
• Charge-off disputes
• Collection account disputes
• Debt verification letters
• Foreclosure disputes
• Goodwill removal request letters
• Hard inquiry disputes
• Late payment disputes
• Method of verification letters
• Personal information error letters
• Repossession disputes
• Section 605B letters (identity theft letters)
• Section 609 letters (credit dispute letters)

Other Credilife Services

• Credit monitoring: Credilife offers credit monitoring in some of its plans; with the free plan you'll have to get your own credit monitoring service.
• Business credit repair: Credilife coaches can help make your business creditworthy. Improving your business credit score could make it easier to take out a business loan with competitive rates or sell your company in the future.
• Debt management: Coaches can discuss how to manage, pay off, or settle debt. While this program can help you come up with a strategy, it does not provide 澳洲幸运5官方开奖结果体彩网:debt settlement or 澳洲幸运5官方开奖结果体彩网:debt consolidation.
• Student loan counseling: In this program a coach will review your student loan debts, financial situation, and credit status, and offer advice on the best way forward. Credilife coaches can assist you in applying for income-driven repayment, rehabilitation, consolidation, or private refinancing.

Customer Service

In addition to the contact methods below, Credilife customers can also log in to the company’s website to check account details. The company doesn’t offer live web chat or a mobile app ꦉat this time.

Company Reputation and Legal Issues

You won’t find many 🎃customer reviews of Credilife, so it’s difficult to gauge its overall reputation. But the available reviews have good things to say.

The company has a customer rating of 4.7 out of 5 with Google Reviews, with 130 reviews. It has a rating of 5 out of 5 with the Better Business Bureau and less than 10 reviews are featured. Most of the reviewers praise the company fo💎r raising their credit sco🦂re and giving them access to more opportunities.

Credilife has only a single complaint in the Consumer Financial Protection Bureau (CFPB) complaint database from a consumer who said the company contacted them even though they were never a client. The company gave a timely response and the complaint was resolved.

How to Choose a Credit Repair Company

T✤here’s a lot to think about when choosing the right credit repair company. Her꧙e are a few factors to consider before you decide.

• Cost: Setup and monthly fees vary quite a bit among credit repair companies. Make sure the company has a pricing structure that works with your budget, and keep an eye out for any discounts you might qualify for. 
• Credit repair services: Find out specifically how the company will help improve your credit and whether it will communicate with debt collectors and credit bureaus on your behalf. You can typically do this in the free consultation.
• Credit bureau coverage: Make sure the credit repair company works to improve your credit reports with 澳洲幸运5官方开奖结果体彩网:all three credit bureaus: Equifax, Experian, and TransUnion. Most companies cover all three, but it won’t hurt to check.
• Credit score monitoring: Find out if the credit repair company offers credit score monitoring or requires you to sign up for this service from a partner provider for an additional fee. 
• Money-back guarantee: Some companies offer a 90-day or 180-day money-back satisfaction guarantee, which could give you peace of mind when signing up. 
• Educational resources: Check if the company has resources that empower you to improve your credit and financial health for the long term. 
• Customer reviews: While many companies feature positive testimonials on their websites, it’s worth heading to a website like CFPB, BBB, or Trustpilot for a more complete picture of what customers have to say about their experience. 

Alternative Credit Repair Companies

The Bottom Line

Compared to other credit repair companies, Credilife stands out for its personalized coaching and holistic approach to credit repair and money management. It offers a free tool that can make it easier to do simple credit repair for yourself, if you're up for it. The paid plans provide support and strategies for improving your credit and will include communications with creditors on your behalf.

However, Credilife's website lacks some transparency around pricing and exactly how its various programs overlap. It’s advisable to clarify what services you’ll be getting and how much they will cost before enrolling with Credilife.

Frequently Asked Questions (FAQs)

How Much Does Credilife Cost?

According to its customer service team, Credilife has three programs: a free DIY tool that helps 🌸you fix your credit on your own, and two paid plans. The paid plans have a startup fee and then a monthly fee of either $139.99 or $239.99. Teachers, veterans, medical personnel, and🐻 first responders may also qualify for a discount.

Can a Credit Repair Com💧pany Like Credilife Hu𒈔rt Your Credit?

Legitimate credit repair companies can see to it that inaccurate information is removed from your credit reports so that it doesn't harm your credit score.

Can Credilife Wipe My Credit Clean?

Reviewing your credit reports for errors and disputing inaccurate claims is a start to cleaning your credit. However, negative information that 🦋is accurate usually can't be removed and will generally remain on you♒r credit reports for at least seven years.

Methodology

Investopedia’s list of the best credit repair companies is based on compꦿrehensive researc♍h of 17 credit repair companies. 

In August 2024, we surveyed 500 people who used a credit repair company within the last three years to help establish a strong foundation for our research. We then identified 17 credit repair companies based on Investopedia’s prior research, a competitive analysis, and public interest through Google search trends. We evaluated each company on 69 criteria, collecting over 1,200 data points on plan fees, dispute types, consumer ratings, complaints, and more. Data was collected between Sept. 6 and Sept. 30, 2024, and sourc🧸ed from compan❀y webpages, customer service calls, media representatives, government agencies, and consumer review sites (e.g., CFPB, FTC, BBB). The overall research process for this project occurred from July 1 to Oct. 7, 2024.

We categorized the 1,200 data points into five catego🐭ries and scored 799 data points, using the others for background and to improve content quality. We then scored and weighted each criterion to develop our overall star rating for each company. The categories and their weights for this project 🌱are: 

• Cost and Fees: 27.50%
• Customer Experience: 16.00%
• Reputation/Customer Satisfaction: 18.50%
• Services: 28.00%
• Stability/Availability: 10.00%

Read our 澳洲幸运5官方开奖结果体彩网:full methodology for more information.