Sky Blue Credit Review Pros and Cons
Real Credit Repair Results, W/no Monlthly ongoing fees
People often find items on their credit reports that don’t belong there. Many times, they have no idea what to do about it. It can be shocking to be turned down for a loan that you expected to be approved for, and you will likely want to get to the bottom of it and remove anything from your credit report that shouldn’t be there. Credit repair companies do exactly that. They help you dispute inaccurate items on your credit report.
What Is Credit Repair?
Credit repair is the process by which you dispute items that don’t belong on your credit report. You can challenge inaccurate items with all three of the credit bureaus, Experian, Equifax, and Transunion. You need to look at all three credit reports because your creditors don’t necessarily all report to the same one.
You can dispute these inaccurate items on your own, or you can call a credit repair company to do it for you. These companies have years of experience and know how the process works. They can simplify the process for you.
There are a lot of different credit repair agencies out there, and they are not all good. Although credit repair companies are regulated by the Federal Trade Commission (FTC), some shady organizations still appear. When you are considering a credit repair company, it is important to do your research and know what you are looking for.
What to Look for in a Credit Repair Company
The Credit Repair Organizations Act gives the guidelines for what a credit repair company can and cannot do. You should be familiar with this list, as you will use this information to make sure that you are dealing with a legitimate credit repair company.
Credit repair companies must follow these guidelines:
- They cannot remove valid debts or items from your credit report.
- They should never tell you to lie to remove a valid debt.
- They cannot promise that they will raise your score.
- They cannot recommend that you open a new credit file with a Tax ID number.
- They cannot charge you before they perform their services.
In addition, they are required to communicate the following information:
- They must tell you what your legal rights are in a written contract.
- They must write out the services that they will perform.
- They need to let you know that you can dispute the items on your own.
- They need to tell you that you can cancel within three days without any charges.
- They must tell you how long they estimate it will take to get results.
- They must tell you your total cost.
- They need to disclose any guarantees.
What Is Sky Blue and Is it Legitimate?
Sky Blue is a credit repair company that can help you repair your credit. They are, in fact, a legitimate credit repair company, and there are many positive reviews of this company. First of all, they follow all of the FTC guidelines and they are known for credibility, getting results, and fair pricing. They have excellent customer service, and they offer a 90-day money-back guarantee. You can work with this company with confidence.
What Can Sky Blue Do for You?
If you have any inaccurate information on your credit report, Sky Blue can help you dispute these items with the credit bureaus. As many as 20% of all credit reports have errors on them, so it is very possible that your credit report has something on it that doesn’t belong there.
You can take advantage of the law that allows you to have a free annual credit report and check it over for inaccuracies. You can go to Sky Blue for a free initial consultation to see if they can help you. Inaccurate items might include the following:
- Duplicate accounts
- Inaccurate accounts
- Accounts that don’t belong to you
- Incorrect inquiries
- Inaccurate address or name
You can go over the credit report with Sky Blue, and they will let you know if they see anything that shouldn’t be there. They have a lot of experience helping customers dispute inaccurate items, and they know how to work with the credit bureaus. If you choose to move forward, they will file the disputes with Experian, Equifax, and Transunion on your behalf, and they will work to get these invalid items removed. Once they file a dispute, the credit bureaus are required to verify the debt, update the debt, or remove the debt.
The Sky Blue Program
Sky Blue only offers one plan that has everything you need. You will pay $79 to set up your account, and it will be charged six days after you get started. Afterward, you will pay $79 a month. The program includes the following:
- Dispute 15 items (5 items per bureau) every 35 days
- Analysis of what is harming your credit
- Credit score improvement tips
They provide the credit repair service that you are looking for, and they are known to be friendly, courteous, and professional. They offer an amazing 90-day money-back guarantee, so if you are not satisfied for any reason, you can cancel and get your money back. That should give consumers confidence.
Pros of Sky Blue
- Experienced and professional company
- Complies with all FTC standards and regulations
- Reasonable price with no hidden fees
- 90-day money-back guarantee
- Excellent customer service
- Credit report error identification by company
- Faster than other companies
- Disputes 15 items (5 per bureau) every 35 days
- Advice on how to improve and boost your score
- Help with Goodwill letters for no additional fee
Cons of Sky Blue
- They are providing a service, but you can dispute credit errors on your own.
In spite of this, many people find it easier to have a professional and experienced company handle these disputes because they know what the credit bureaus will need, and the extra services that come with the plan make it worthwhile for many.
When Should You Call for Credit Repair?
You should go over your credit report to see if there are any inaccurate items that shouldn’t be on there. If you notice anything, then it is worthwhile to go in for your free consultation. They will let you know if they are able to help you, and you will know whether you want to pay them for this service.
If you have invalid items on your credit report, you need to have them removed before they do more damage to your credit score. Your credit is important if you want to buy a house, refinance a loan, buy or lease a car, and sometimes when you apply for a job. The information should be accurate and up-to-date at all times.
What Is in Your Credit Report?
Each credit bureau has a credit report for you. They may be different because different creditors report to different credit bureaus, but any overlapping information should be the same, accurate, and up-to-date.
The first section of each credit report contains your personal information, including your name, other names you may have used, your address, phone number, and employment. You should check this section carefully because credit bureaus have been known to mix up different people and put the wrong debts on a report. If you have a name that is similar to someone in your family, make sure that they aren’t on your credit report.
The next section will have any court-related financial issues, such as judgments, liens, wage garnishments, and bankruptcies. You may not have anything in this section, but you should make sure that anything there is valid and belongs to you.
The next section contains all of your creditors, and it includes mortgages, auto loans, student loans, and credit cards. For each creditor, they will have your original loan amount or limit, your payment history, and how much you owe. There are often mistakes in this section. The creditor may not report a payment, or the balance may be incorrect. You need to check each item in this section to make sure that it is correct.
You will also see a section that lists your recent credit inquiries, which are places you have applied for credit in the past two years. You should try to minimize how many times you apply for credit because it makes creditors nervous when they see a flurry of applications in this section.
Finally, they will have your collection accounts. If you have anything here, make sure that it is accurate, and later this article will discuss how to negotiate with collection agents to get these items removed.
Your Credit Score
They use all of this information to come up with your credit score, which can range from 300 to 850. The higher your score, the better your credit and the more likely you are to be approved for loans with lower interest rates.
They break your score into five categories, including the following:
- Your payment history (35% of score)
- Your credit usage (30% of score)
- The length of your credit history (15% of your score)
- The type of credit you have (10% of your score)
- Credit inquiries (10% of your score)
Your payment history and your credit usage make up 65% of your credit score, so these two aspects are very significant. Make sure that you are paying your bills on time every month, and keep your credit usage below 30% of your available credit.
How Long Do Negative Items Stay on Your Credit Report?
The FTC regulates how long legitimate negative items can stay on your credit report. In most cases, it is seven years. That is the time limit for the following types of debt:
- Late payments
- Short sales
- Charge offs
- Tax liens (from the date of the payment)
- Chapter 13 bankruptcy
In addition, if you have a collection account, it can stay on your credit report for seven years and 180 days. Bankruptcies other than Chapter 13 will remain on your credit report for 10 years from the date of filing.
Fortunately, the impact of these negative items is lower after the first two years. While you are waiting for these items to fall off of your report, you should begin building credit right away. If you ended up with bad credit from unforeseen circumstances, such as divorce, illness, or loss of employment, you can add a personal letter to your file to explain the situation.
How Can You Improve Your Credit Score?
Sky Blue also provides you with specific actionable score tips to help you understand how you can improve your credit score. This is a bonus on top of the credit repair services. How to improve your score will depend on the items that are affecting your score, and they will give you a personalized plan.
From a general perspective, there are actions that improve a credit score. First of all, check your Creditor section. It is important that your payments are on time and up-to-date. If any payments are late, you should get them caught up as soon as possible. Once they are caught up, make them on time every month.
After six months, you will see your score improve, and after a year, it will be even better. It is important to remember that having more than one late payment in a year can disqualify you for some loans and credit offers.
Another important action that will improve your score is to reduce your credit usage. You should only carry a balance that is less than 30% of your available credit. You should work to pay down your balances to get them as low as possible.
If you aren’t able to pay them down, you might consider opening a new credit card or line of credit. This will increase your overall available credit, which will make your credit usage go down. Just make sure that your new credit doesn’t burn a hole in your pocket. Your goal is to increase your available credit, not to spend it.
If you are working on improving your credit score, you should use credit only when necessary for small purchases that you intend to pay off each month. Your credit is important in cases where you need to purchase a home, a car, or handle an emergency.
There are other tricks and tips to raise your credit, such as being added as an authorized user on a family member’s account, as long as they have excellent credit. You can also try to diversify your credit profile. If you only have one kind of debt, consider adding another. This helps to boost your score.
If you have bad enough credit that you can’t get approved for anything, you can get a secured credit card, where you give a deposit to a bank, and that will be your credit limit. They will keep the deposit, and you will pay the bill each month as you would for any credit card. This is a great way to build credit.
Can Sky Blue Help with Valid Debts?
Sky Blue cannot help you with your valid debts beyond giving you pointers for improving your score. Credit repair companies are only able to challenge invalid debts. If you have valid debts or negative marks on your credit report, you will need to work hard to improve your credit score. Sky Blue can only help you challenge items that should not be on your credit report.
How to Handle Collection Accounts
If you have collection accounts on your credit report, you can call and negotiate a deal with the collection company. They might agree to settle for less than you owe. Sometimes collection companies sell the debt to another collection company, and the debt might appear twice on your report. This is against the law, and Sky Blue can help you remove one of the items.
If you negotiate a deal with a collection company, you can ask them to remove the item from your report in exchange for the payment. Make sure you get it in writing before you pay them so that you have evidence if you need it later on.
Sky Blue has a lot to offer as a credit repair company. Their customer service is excellent, and they offer an affordable fee without any hidden costs. You can have a free initial consultation, and you have a 90-day money-back guarantee. This should give you a great deal of confidence if you want to try their service.
On the other side, you can dispute items on your credit report on your own. If you do not want to pay for this service, you can go online or send in letters to the credit bureaus to dispute inaccuracies on your report.
Many people find it much simpler to leave this task up to a professional company, and it can be worthwhile because they do this all the time. Repairing your credit is very important if you have items that don’t belong on your credit report.
Ready to take your Credit to the
Ready to take your Credit to the