The Worst Credit Repair Companies On The Market In 2024

Choosing a credit repair company can be a daunting task, especially when there are so many options to choose from. And while there are many reputable credit repair companies out there, there are also a number of bad actors who prey on consumers with false promises and deceptive practices.

If you're considering using a credit repair company, it's important to do your research and vet the company carefully before you sign any contracts or pay any fees. Here are some tips on how to avoid the worst credit repair companies:

Beware of companies that make unrealistic promises. No reputable credit repair company can guarantee that they can remove all negative items from your credit report or raise your credit score by a certain amount. If a company makes promises that sound too good to be true, they probably are.

Avoid companies that charge upfront fees. Credit repair companies should only charge you for services that they actually render. If a company asks you to pay an upfront fee, be wary.
Read the contract carefully before you sign it. Make sure you understand all of the terms and conditions, including the company's fees, refund policy, and dispute process.
Check the company's reputation. Before you hire a credit repair company, read reviews from other consumers. You can find reviews on the company's website, on social media, and on third-party review sites like the Better Business Bureau.

Here are some of the worst credit repair companies to avoid, according to consumer complaints:

Everythingcreditllc (Watch Video)
Lexington Law

Sky Blue Credit
The Credit People
Credit Pros

Credit Assistance Network

These companies have been accused of engaging in a variety of deceptive practices, including:

Making false promises about their ability to remove negative items from credit reports and raise credit scores

Charging upfront fees
Misleading consumers about the terms and conditions of their contracts
Refusing to refund consumers' money

Failing to dispute inaccurate information on credit reports

Everything Credit LLC: One of the Worst Credit Repair Companies

Everything Credit is a credit repair company owned by David Allen Payne. Payne lives and does credit repair in the state of Gerogia, where credit repair is illegal. Despite this, Payne continues to operate his business and charge consumers for services that he cannot legally provide.

Payne's business has only been around for a year, but his website claims that it has been in business for 10 years. The domain name for Everything Credit LLC was also registered just a year ago. This is a clear indication that Payne is trying to mislead consumers about his experience and expertise.

In addition to being dishonest about his experience, Payne is also known for bullying other credit repair experts in the industry. He has repeatedly posted toxic content on social media and other online platforms, defaming and slandering other professionals.

Payne's company has no BBB accreditation, no Yelp reviews, and no Google reviews. This is likely because he has no satisfied customers.

Payne is also known for posting unverifiable, photoshopped results of deletions on his website. These results show accounts being wiped clean in two weeks, which is unrealistic.

Finally, Payne only disputes by mail and charges upfront, non-refundable fees. This is against the Credit Repair Organizations Act (CROA), which prohibits credit repair companies from charging upfront fees and requires them to dispute inaccurate information on credit reports using the credit bureaus' online dispute process.

Exposing The Scam

1. The owner lives and does credit repair in a state where it is illegal.

Credit repair is illegal in the state of Gerogia. This means that David Allen Payne is not licensed to provide credit repair services in Georgia. However, he continues to operate his business and charge consumers for services that he cannot legally provide.

2. His business has only been around for 2 years yet his website says its been in business for 10 years.

Everything Credit LLC was registered as a business in Georgia in 2021. However, Payne's website claims that the company has been in business for 10 years. This is a clear indication that Payne is trying to mislead consumers about his experience and expertise.

Entity ID Number: 21217903

Entity Name: Everything Credit LLC

Entity Type: Domestic Limited Liability Company

Date of Formation: Aug 07 2021

Status: Active

3. The domain name www.everythingcreditllc.com is only a year old.

The domain name for Everything Credit LLC was registered in 2021. Everythingcreditllc.com was registered on: Wednesday 15th of September 2021 thus making it only 2 years, 1 months and 13 days old not 10 years old as he proclaims it on his website and all of his content online.

This further confirms that Payne's business is only 2 years old, despite his claims to the contrary.

4. David Allen Payne of Everything Credit LLC has perpetually posted toxic content bullying other credit repair experts in the industry by the use of defamation and slander.

David Allen Payne has a history of posting toxic content on social media and other online platforms, defaming and slandering other credit repair experts. He has accused other professionals of being scammers, frauds, and thieves. He has also made false claims about their businesses and their services.

5. This company has no BBB, and no yelp, and no google listing or any other review site having any reviews about them.

Everything Credit LLC has no BBB accreditation, no Yelp reviews, and no Google reviews. This is likely because Payne has no satisfied customers.

6. Lack of transparency as he posts unverifiable photoshopped results of deletions that have no review or name of the client linked to them and his results only show as if he is always getting accounts wiped clean in two weeks.

David Allen Payne posts unverifiable, photoshopped results of deletions on his website. These results show accounts being wiped clean in two weeks, which is unrealistic. Payne also does not provide any reviews or testimonials from satisfied customers to support his claims.

7. He only disputes by mail.

David Allen Payne only disputes by mail. This is against the Credit Repair Organizations Act (CROA), which requires credit repair companies to dispute inaccurate information on credit reports using the credit bureaus' online dispute process.

David Allen Payne Jr Everything Credit LLC Caught Writing Fake Reviews

Watch this video before you hire

You Cannot Trust Everything Credit LLC

Everything Credit LLC is one of the worst credit repair companies. The owner, David Allen Payne, is dishonest and deceptive. He has a history of bullying other credit repair experts and posting unverifiable results on his website. He also charges upfront, non-refundable fees, which is against the law.

If you are considering using a credit repair company, avoid Everything Credit LLC at all costs. There are many reputable credit repair companies out there that can help you improve your credit without engaging in deceptive practices.

Worst Credit Repair Companies: A Primer

What Makes a Credit Repair Company "The Worst"

Being termed "the worst" in any industry isn't a label that comes lightly. It often means that the company has severely failed its clients, possibly in more ways than one. In the realm of credit repair, these failures can translate into various setbacks.

The Importance of Reputation and Credibility

When your financial future is at stake, relying on a credible company becomes paramount. A poor reputation, generally speaking, is a red flag that you should not ignore.

The Dangers of Scams and Fraud

Regrettably, the credit repair industry is fraught with scams and fraudulent companies that prey on people's desperation to improve their credit.

Common Missteps by Bad Credit Repair Companies

Lack of Transparency

One key indicator of the worst credit repair companies is a lack of transparency. These companies often hide critical information, making it difficult for you to understand what you're getting into.

High and Hidden Fees

An honest credit repair company will be upfront about its fees. However, companies that belong to the "worst" category often have high and hidden fees.

Unsuccessful Dispute Efforts

If a company fails to make successful disputes on your behalf, then they're essentially ineffective. Many low-quality companies promise the moon but deliver nothing.

If you've been working with one of these companies and you're not satisfied with the results, you may want to consider filing a complaint with the Consumer Financial Protection Bureau (CFPB). The CFPB is a federal agency that oversees the credit repair industry.

Here are some tips on how to choose a good credit repair company:

Look for a company that is accredited by the Credit Repair Organizations of America (CROA). CROA is a nonprofit organization that sets standards for the credit repair industry.
Get quotes from multiple companies before you choose one. This will help you compare prices and services.

Ask the company about their fees and refund policy.
Read the contract carefully before you sign it. Make sure you understand all of the terms and conditions.

If you're not sure whether or not you need a credit repair company, you can try to fix your credit on your own first. There are a number of resources available to help you, including the Federal Trade Commission's website and the CFPB's website.

FAQs

How can I identify a fraudulent credit repair company?

Identifying a fraudulent credit repair company can be challenging, but there are some warning signs to watch out for. Here are some tips to help you avoid credit repair scams:

Upfront fees: Avoid any company that requires you to pay fees upfront before providing services.

Guaranteed results: Be wary of companies that make exaggerated promises or guarantee specific results.

Misrepresenting information: Avoid companies that ask you to misrepresent your information, such as using an EIN or CPN number in place of your social security number or claiming you are a victim of identity theft when you're not.

New identity: Be cautious of companies that claim a new identity is needed.
Illegal practices: Avoid companies that engage in illegal practices, such as filing false police or identity theft reports.

To tell if a credit repair company is legitimate, look for these signs:
No promises or guarantees: A legitimate company won't make promises or guarantees about how many points they can improve your score.

Helps you understand your legal rights: A reputable company will help you understand your legal rights under the credit laws.

Positive reviews: Look for online reviews from current and former clients, as well as credible websites that review credit repair services.
If you believe you have fallen for a scam, report it to your state attorney general, the Federal Trade Commission, and the Better Business Bureau. Remember that credit repair companies can't legally do anything you couldn't do yourself, such as filing disputes with the three major credit bureaus for free.

Are there any regulatory bodies that oversee credit repair companies?

Yes, there are regulatory bodies that oversee credit repair companies. The Consumer Financial Protection Bureau (CFPB) is one of the agencies that oversees the credit repair industry. The CFPB is a federal organization that aims to protect consumers from fraudulent or predatory practices by banks, lenders, or any type of financial institution, including credit repair services. The Credit Repair Organizations Act (CROA) is another regulatory body that governs credit repair companies. This law requires credit repair companies to take certain steps, including informing you of your legal rights, giving you three full days to cancel your contract, and letting you know the full costs of their services upfront. The CROA also prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of "credit repair" services. The CROA bars companies offering credit repair services from demanding advance payment. If you are looking for the right credit repair company for you, it’s a good idea to check the CFPB complaint database and check how many complaints have been filed against that particular provider.

Can Everything Credit LLC do credit repair legally in Georgia?

Based on the information from the search results, it is illegal for a private credit repair company to perform credit repair services for consumers in Georgia. However, credit repair law firms are not illegal in Georgia.. If Everything Credit LLC is a credit repair company and not a law firm, then it is not legal for them to perform credit repair services for consumers in Georgia. It is important to note that Georgia has strict laws regulating credit repair companies, and it is unlawful for any business or individual to offer to perform credit repair services. Therefore, it is advisable to consult with the Georgia Attorney General’s Office and the Georgia Department of Law, Consumer Protection Division before servicing clients in Georgia.

Why is Everything Credit LLC a bad choice to repair your credit?

Based on the search results, Everything Credit LLC may not be a good choice for credit repair for the following reasons:

Lack of transparency: The company's website does not provide much information about their services, and it is unclear whether they are a law firm or a credit repair company.

Negative reviews: Customer experiences and reviews of Everything Credit LLC have been mixed, with some reporting satisfactory results while others claim to have fallen victim to fraudulent practices.

Association with controversial practices: The company has garnered attention due to its association with a controversial YouTube channel and its alleged involvement in shady practices.

Offering CPNs: The company's focus on Credit Privacy Numbers (CPNs) has raised concerns, as these numbers have been linked to suspicious activities and potential legal issues.

Illegal in Georgia: It is illegal for a private credit repair company to perform credit repair services for consumers in Georgia, and Everything Credit LLC is based in Georgia.

It is important to note that credit repair companies cannot legally do anything that you cannot do yourself, such as filing disputes with the three major credit bureaus for free. Therefore, it is advisable to be cautious when choosing a credit repair company and to do your research before signing up for any services.

Is Everything Credit LLC legit?

Based on the information from the search results, Everything Credit LLC may not be a legitimate credit repair company. The company operates in violation of the laws and regulations governing credit repair services in Georgia. The company's website does not provide much information about their services, and it is unclear whether they are a law firm or a credit repair company. The company has also garnered attention due to its association with a controversial YouTube channel and its alleged involvement in shady practices. Customer experiences and reviews of Everything Credit LLC have been mixed, with some reporting satisfactory results while others claim to have fallen victim to fraudulent practices. Therefore, it is advisable to be cautious when choosing a credit repair company and to do your research before signing up for any services.

What are the signs of a reliable credit repair company?

If you are looking for a reliable credit repair company, here are some signs to look for:
Good customer reviews: Look for credit repair companies with positive reviews from current and former clients, as well as credible websites that review credit repair services.

Transparency: A reliable credit repair company should be transparent about their services, fees, and the steps they will take to repair your credit.

Compliance with regulations: Look for credit repair companies that comply with the Credit Repair Organizations Act (CROA) and other federal laws that govern credit repair services
.
No upfront fees: Avoid credit repair companies that require you to pay fees upfront before providing services.

No guarantees: Be wary of companies that make exaggerated promises or guarantee specific results.

Educational resources: A reliable credit repair company may offer educational resources to help you understand your credit and maintain good credit habits.

Personalized service: Look for credit repair companies that offer personalized service and tailored solutions to fit your specific credit situation.
It is important to note that credit repair companies cannot legally do anything that you cannot do yourself, such as filing disputes with the three major credit bureaus for free. Therefore, it is advisable to be cautious when choosing a credit repair company and to do your research before signing up for any services.

Does Everything Credit LLC have any signs of being a legit company?

Based on the search results, Everything Credit LLC does not have the signs of a reliable credit repair company. Here are some reasons why:

Lack of transparency: The company's website does not provide much information about their services, and it is unclear whether they are a law firm or a credit repair company.

Association with controversial practices: The company has garnered attention due to its association with a controversial YouTube channel and its alleged involvement in shady practices.

Offering CPNs: The company's focus on Credit Privacy Numbers (CPNs) has raised concerns, as these numbers have been linked to suspicious activities and potential legal issues.

Illegal in Georgia: It is illegal for a private credit repair company to perform credit repair services for consumers in Georgia, and Everything Credit LLC is based in Georgia.

In contrast, a reliable credit repair company should have good customer reviews, be transparent about their services and fees, comply with regulations, not require upfront fees, not make guarantees, offer educational resources, provide personalized service, and have a good track record

Takeaways and Final Thoughts

The purpose of this guide is to help you steer clear of the worst credit repair companies and empower you to make informed decisions. With the information at hand, you can confidently navigate the often confusing world of credit repair.