CreditNerds Credit Repair Review

If you thought credit repair was a service you always have to pay for, think again. CreditNerds has provided free credit repair to more than 25,000 customers since 2007, helping those with errors on their credit reports navigate the process of disputing them with the credit bureaus. But the company also offers a number of paid services that can be of value to those who want to improve their credit health or secure funding. We’ve broken down the various free and paid services offered by CreditNerds to help you decide which option is the best choice.

Pros Explained

Cons Explained

Types of Services

Although CreditNerds primarily calls itself a credit repair company, it also offers many different services related to funding and small business management. In fact, it’s partially thanks to these various paid services that CreditNerds can provide its basic credit repair package completely free of charge. While there’s no obligation to purchase anything in order to take advantage of free credit repair, some individuals may find that they can benefit from additional services once the dispute process is complete.

Free Credit Repair

CreditNerds’ main claim to fame is its free credit repair service. Through this service, the company examines your credit report and identifies reporting errors or other discrepancies that can be disputed with the credit bureaus. From there, CreditNerds may recommend additional action such as applying for certain loans or consolidating debt.

CreditNerds explains that instead of collecting payment from customers, they make money through affiliate partnerships with other companies. This means that they may have a financial interest in referring you to third-party services. Keep this in mind when receiving recommendations from CreditNerds representatives; it’s always wise to do your own research before purchasing another service based on a referral.

Personal and Business Funding

Whether you’re looking for funding options for your education or your small business, CreditNerds can help. The company has relationships with over 200 banks and uses an algorithm to determine which lenders are most likely to give you a loan. Note that CreditNerds doesn’t originate or service any loans directly, but simply acts as a matchmaking service.

Enrolling in the CreditNerds funding program does not include access to your credit report. The company requires that you create an account with their partner, CheckMy3Scores, and provide your login information to CreditNerds for analysis.

Real Estate Funding

No matter what type of real estate financing you need, CreditNerds will help you choose the right option. The company’s experts can guide you through traditional financing, bank alternatives, property flipping, real estate investments, and more. They generally ask for a minimum FICO score of 650, so you may need to go through the credit repair process or discuss other ways to improve your score before beginning this program.

Optional Add-Ons

In addition to its credit repair and funding services, CreditNerds also presents two optional add-ons, one for individuals and the other tailored toward business owners. They’re designed to be used in tandem with a credit repair or funding service, although it’s perfectly acceptable to purchase either as a standalone service instead.

Credit Auditing

CreditNerds’ free credit repair service covers disputes and removal of incorrect details from your credit report, but it doesn’t include much hands-on guidance regarding other ways to improve your score. Adding a credit audit provides a complete breakdown of your credit report with a step-by-step expert analysis detailing how to reach your optimal credit score.

Business Snapshot

If you own a small business, your online reputation can make or break your success. The CreditNerds business snapshot is an in-depth report that gathers and analyzes all the public information on the internet related to your company. It looks at online review sites, social media presence, website functionality, paid advertisement performance, and more, pointing out potential issues and areas for improvement.

Customer Service

CreditNerds provides the majority of its services online through its web portal. Customers can log in to see updates on their credit repair case, check the status of funding, and get referrals to additional services.

In addition to a customer portal, CreditNerds also offers a robust set of resources that anyone can access for free. The company’s website is filled with videos, how-to guides, free online courses, and even games for kids. Unfortunately, there’s no smartphone app version of these materials and some (such as the online games) aren’t supported on mobile devices.

Website aside, CreditNerds is also available by phone and email to those who have a question or need assistance. Phone lines are operated from 9:00 a.m. until 6:00 p.m. CST.

Company Reputation

Despite offering credit services since 2007, CreditNerds doesn’t have much of an online footprint. The business is not accredited or rated by the Better Business Bureau (BBB) and has no customer reviews to speak of on the BBB website or Google. The good news is that no complaints are on file for CreditNerds with the Consumer Financial Protection Bureau (CFPB).

If you have a complaint about the services of a credit repair company, you can file a complaint with the Federal Trade Commission (FTC) or call 877-FTC-HELP.

Contract Duration

Contracts aren’t something you need to worry about with any of CreditNerds’ services. Since credit repair is free, you’re welcome to walk away at any time if you no longer wish to receive assistance. All of CreditNerds’ paid services are priced on a one-time fee basis, so the company doesn’t even offer any monthly memberships that would require a cancellation policy.


As mentioned, CreditNerds’ main credit repair service is free. If you choose to add a credit audit to your credit repair plan, you’ll be asked to pay a one-time price of $97. Business owners who decide to purchase a business snapshot will also be subject to a single $97 fee.

There are no monthly memberships.

CreditNerds’ funding services may incur a charge depending on the type of loan you need. Personal and business financing is subject to a 9.99% success fee, which is quite high. However, CreditNerds does not take any fees for real estate funding.

The Competition: CreditNerds vs. Lexington Law

It’s hard to compare CreditNerds’ free service to competitors, as no one offers an equivalent without asking for some sort of fee. However, Lexington Law is one of a few companies that charge $0 for initial setup and only bills customers for ongoing monthly services.

Lexington Law’s plans start at $89.95 per month and go up to $129.95 per month for differing levels of service. CreditNerds’ free credit repair service is nearly identical to the entry-level plan that Lexington Law sells at $89.95 monthly. Between the two, it’s hard to see why anyone wouldn’t go for the free equivalent from CreditNerds.

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