Inaccurate or obsolete negative records on your credit report can dent your credit scores significantly. Thanks to the Fair Credit Reporting Act (FCRA), anyone can dispute any credit report and errors. If the bureaus establish that there are discrepancies, then these errors must be removed.
Nonetheless, credit repair experts such as Sky Blue Credit can help you comb through your credit reports and identify any errors. With more than three decades of experience, Sky Blue Credit Repair experts can find reporting errors in areas where you need help. Removing these negative records can help you raise your credit scores. We have prepared this in-depth review to help you learn more about Sky Blue Credit Repair. Let’s dive right in, shall we?
What is Sky Blue Credit?
Sky Blue is a credit repair company that helps people analyze their credit reports and contest any inaccurate or outdated information. Founded in 1989, Sky Blue Credit is based in Boca Raton, Florida. Over the years, they have specialized in identifying even the most subtle disputes to leverage every opportunity and to help clients raise their credit scores.
What are Credit Repair Services?
Credit repair refers to the uncovering and contention of erroneous or obsolete credit reports. Credit repair optimizes credit scores and strategically reshapes an individual’s credit profile. In summary, credit repair companies:
- Identify inaccurate items on your credit report
- Manage the credit dispute process
- Propose a credit management plan to help you raise your credit scores
The Credit Repair Organizations Act (CROA) governs the credit repair industry. Federal law stipulates what credit repair companies are allowed to and aren’t allowed to do. The CROA prohibits credit repair companies from:
- Accepting pre-payment for services; for instance, charging clients a lump-sum yearly membership would be illegal
- Making promises about results; for example, a statement like “we can delete anything” is considered illegal
- Making deceptive representations, e.g., offering clients a money-back guarantee but hiding the list of conditions, is considered illegal
How Does Sky Blue Credit Work?
Sky Blue Credit repair works in four simple steps highlighted below:
Step 1: Enrollment
The first thing you need to do is sign up by completing a simple signup form. In the form, you must provide personal information such as your name, address, phone number, and billing information. Once you sign up, you will receive instructions that you need to follow so that you get your free credit reports. Note: filling out a Sky Blue Credit form will not impact your credit score.
Step 2: Review and Set-up
Upon receiving your credit reports, Sky Blue Credit conducts a line-by-line review, takes note of the issues, and presents a list of the items identified as dispute candidates to their clients for review. As fitting, Sky Blue Credit Repair also provides clients with practical score optimization and rebuilding tips that apply to the specific situation.
Step 3: The Dispute Process
If the experts at Sky Blue Credit spot any discrepancies in your credit reports, the company will challenge the questionable items with the credit bureaus. If the matters raised are not resolved, the company automatically sends customized re-disputes designed to maximize the possibilities of achieving desired outcomes.
Step 4: Membership
You can become a member and enjoy all the full features to get the most out of the company. Members enjoy a user-friendly customer interface that allows you to track your progress, update personal and billing information, upload documents, communicate with the team, and even pause membership anytime. New members have a 90-day period to get a full, condition-free refund if unsatisfied with the service.
Sky Blue Credit Services and Key Features
Sky Blue Credit offers a four-part service, which includes; report analysis, dispute assistance, credit score assistance, and credit rebuilding assistance. Once you sign up for the membership, you can expect the following:
Members benefit from the professional analysis whereby the Sky Blue experts conduct a line-by-line review of your credit report to identify potential “areas of opportunity.” The analysis is usually thorough and may include records not in your name or duplicate accounts that the original creditor is updating and a debt collections agency. Seasoned credit repair professionals such as Sky Blue usually spot errors quicker and make work easier for you.
Sky Blue experts seek to wrap up all credit disputes within a 35-day duration so that their customers can see faster results. The company sends out dispute letters to report and challenge any discrepancies. They also send re-dispute letters if the items in question are not resolved. The service includes up to 15 disputes (five disputes per bureau) every 35 days.
Once the issues are handled, Sky Blue will make other suggestions to help you improve your credit scores. If you are drowning in debt, for example, Sky Blue Credit experts will suggest the best ways to pay off or redistribute your debt to help improve your credit score. Their services go beyond just disputing erroneous records.
If during the time the company is helping you sort out your credit issues, they determine that you need to open a new account to help raise your credit scores, then they will suggest products that can help you. This might include secured credit cards, among others.
Sky Blue also offers some great features to their clients for no extra charge, including:
- Debt Validation: If you receive a letter from collections agencies and think it might be inaccurate, Sky Blue Repair will assist you in navigating the validation process. They will ask the creditors to provide any proof that they have of the amount that you owe them.
- Goodwill Letters: If you made a late payment once and have been making regular payments for six months or more, then Sky Blue Credit service can send a goodwill letter to the creditors. This letter requests the removal of derogatory records from your report as a courtesy.
- Cease-and-Desist Letters: If you have been receiving calls and messages from debt collectors yet it’s past the statute of limitations on debt in your state, then you can request the company to send a cease-and-desist letter to end the communications. However, this is usually the last resort and is done only when an agreement is far-fetched.
Coaches on Call
Sky Blue Credit customers can call or schedule a coaching session if they have any questions regarding their credit. These coaches also offer expert advice to the clients to help them improve their credit scores.
Statute of Limitations (SOL) Research
Different states have stipulated lengths of time for a creditor to sue you. Sky Blue Credit researches to determine if your collection falls within the SOL. Their experts will contact you before filing a dispute to prevent collectors from initiating litigation or intensifying their debt collection efforts.
If you are fixing your credit to purchase a home, Sky Blue can help you. They specialize in mortgage preparation and lender requirements, which they will use to help you adjust your credit repair strategy and keep your timeline at the forefront.
What are the Pros of Sky Blue Credit?
Sky Blue Credit has advantages that often give them an edge over most credit repair companies today. Let’s quickly take a look at some of them:
90-day Money-Back Guarantee
If you are satisfied with the first 90 days when you sign up for Sky Blue Services, you only need to tell them, and they will refund your money with no fuss. They offer a condition-free 90-day guarantee to their clients, which is not voided by results like other credit repair companies. Most industry guarantees are usually voided by the first deletion of an inaccurate item from your credit report.
Fast Dispute Handling
Sky Blue seeks to wrap up any disputes within a 35-day dispute cycle. The industry standard is usually 45 days meaning that Sky Blue Credit is typically ten days faster in dispute handling than most competitors.
Option to Pause and Resume Membership
If you want to take a break from using Sky Blue Credit, all you need to do is to log into your online portal, and instead of canceling it altogether, pause the subscription and resume whenever you’re ready at no extra cost.
Additional Services at No Extra Cost
Some credit repair companies usually have additional fees for any extra services provided. However, Sky Blue Credit offers additional services, free consultations, goodwill letters, debt validation, mortgage preparation, etc., without charging extra.
Like all things, Sky Blue Services also has a few shortcomings and areas to improve. The service provider doesn’t offer credit monitoring services or alerts of changes. This is a setback since keeping an eye on your current credit is just as essential to help improve credit scores as credit repair.
Sky Blue Credit vs. Other Credit Repair Services
Sky Blue Credit ranks highly and is among the best credit repair companies. Their no-strings-attached 90-day money-back guarantee makes them an excellent choice for people dipping their toes into the credit repair scene. You can join the service and decide whether the service is right for you, and if not, you can opt-out within 90 days and receive your money back hassle-free.
They have vast experience spanning more than 30 years. However, compared to other credit repair services, their lack of credit score monitoring gives them a major blow. Most top-ranking credit companies offer monitoring services to help you keep track of your credit in addition to helping you repair and raise your credit scores.
Who is Sky Blue Credit Best For?
Sky Blue Credit service is best for everyone who wants to enjoy the convenience of experts handling their credit issues. Moreover, people who want to build their credit scores to get a mortgage, get a loan, consider debt consolidation, or simply challenge errors can significantly benefit from the service.
Should You Get a Sky Blue Credit Membership?
Members of Sky Blue Credit receive numerous benefits and even enjoy additional services at no extra charge. Signing up for Sky Blue Credit service gives you six days before making any payment.
Their payment structures are straightforward, whereby you pay an upfront fee of $79 for the set-up and free consultation, then you are charged $79 monthly. The couples’ plan costs $119 upfront, then you are charged the same monthly. The best part is you don’t have to be married or in a relationship. You can be two people who come together to pay for the service.
In addition, you can cancel the service in the first 90 days and receive a full refund with no conditions. You also have the option to pause your membership for any reason and resume when you’re ready at no extra cost.
How to Get Started with Sky Blue Credit
If you want to get started with Sky Blue Credit, all you need to do is sign up and fill in their signup form and follow their instructions to get your free credit reports. Once you sign up, you will get their services for no charge for six days. You will then need to pay a set-up fee of $79, after which you become a Sky Blue member. After that, you will be charged a monthly fee of $79, and you can cancel or pause the subscription at any time. Couples pay $119 upfront and a similar monthly charge of $119.