Credit Nerds is a credit repair and restoration services company based out of Paragould, Arizona. Business operations are overseen by President Eric Counts, utilizing a unique pricing model that differentiates it from similar industry competitors. CreditNerds is not affiliated with Credit Repair Nerds (CRN). We have found that though both corporate websites have a similar look and feel, they are two different entities with similar names and designs.
Credit Nerds charges a standard fee for its comprehensive audit in one of three packages that consumers may choose from. Prices start at $46.25 per-deletion fees. Credit Nerds also offers a DIY service for a one-time fee of $247. None of their packages including an initial upfront fee. Clients are given an upfront timeline estimate regarding services and typically see results in 3-6 months. Licensed attorneys are available to clients as needed and live chat assistance with a customer service representative is included anytime day or night. Consumers also able to receive:
Clients of Credit Nerds have access to their case at all times through their online dashboard.
The credit specialists with Credit Nerds do not limit the number of disputes on behalf of a client. That means erroneous items on a credit report will be disputed as many times as possible, if desired.
Clients have pricing options to choose from, including paying for all services at one time, up-front.
Couples who both are in need of credit repair services can enroll together for additional savings.
Credit Nerds features numerous testimonials and successful deletion copies on its corporate website. The credit repair company features credit education information as well on its website. The company has an excellent rating with the Better Business Bureau with few filed consumer complaints. Online third-party and customer reviews available online have a positive regard for the credit repair company.
The credit repair services offered by this company may get too expensive for some household budgets. The financial services company requires its clientele to keep a monitoring service as a requirement. Failure to meet this requirement can result in a $100 cancelation fee. Since Credit Nerds is a pay-per-deletion company.
All Credit Nerds accounts provided to clients are revolving accounts. These accounts report at a 20 percent balance on a monthly basis with perfect payment history. The company does not give consumers a free initial consultation as commonly offered by its competitors. Consumers can also expect additional fees such as:
Deletion costs per item: depends on item type
Pricing for deletion will depend on the type of error or item on the credit report.
$10 Personal info removal
For any incorrect personal information, a $10 charge will be applied upon correction.
$25 for inquiries
For general inquiries on a credit report, a $25 charge per correction will be charged.
$50 Standard items
For standard items, such as an erroneous charge-off, a $50 charge will be applied.
$100 for public records
For public records correction, a $100 charge will be applied to the client’s account.
$25 Late Fee charge
In the case of an erroneous late fee item on a credit report, a fee of $25 will need to be paid.
Frequently Asked Questions
How much does Credit Nerds cost?
Customers have several pricing options. Credit Nerds has three plans where customers may an upfront fee plus a per-deletion fee. The “Smart” Plan costs $199 upfront; the Do-it-Yourself Kit is $247; and the “Genius” Plan is $499.
Does Credit Nerds allow me to enroll more than one person or my whole family?
Yes, at an additional cost of $50 for the “Smart” Plan and $199 for the “Genius” Plan, you may add a spouse to your credit repair.
How does Credit Nerds repair my credit?
Credit Nerds starts by evaluating your case and building a strategy to repairing and improving your credit score. Once the company has your information and has assessed problem areas and red flags with your report, a dedicated staff member will go to work to remove outdated, unverifiable and false information on your report.
How does Credit Nerds provide credit monitoring?
Credit Nerds will evaluate your credit score and determine what it can do to get your score higher. Credit Nerds will inform you of what is bringing your score down and what concerns your report has.
How long will it take for the first round of dispute notices to go out?
Credit Nerds claims that it can help customers improve their credit scores within 45 days of enrolling in the repair program.
What results can I expect from Credit Nerds?
Credit Nerds professionals cannot predict exactly what your results will be, as every individual has a different situation; however, you can be confident that Credit Nerds can help you raise your score by getting rid or false reports and information on your credit report. You can expect to have a much cleaner report once you’ve worked with Credit Nerds.
How can I contact Credit Nerds?
You can call toll free at 877-614-6373 or at 870-819-6506 to reach a Credit Nerds representative.
On its website, Credit Nerds is very careful to make specific claims about what it will be able to do for clients. The company acknowledges that every case is unique and therefore won’t make promises. Still, it does say the following:
- Customers typically see an improvement within 45 days of signing up with Credit Nerds
- Clients typically work with Credit Nerds from three to six months.
- Communicating with reporting agencies and creditors will take 30 to 40 days.
You have a number of choices at your disposal when working with Credit Nerds. Your selection is based on your needs and preferences. The company has three separate plans, each catering toward customers in different situations:
In this plan, you can enroll for a one-time fee of $199. In addition, Credit Nerds will charge the following for every deletion it makes:
- Personal info: $10
- Inquiries: $25
- Standard items: $50
- Public records: $100
This plan has a free setup and allows for 24/7 access, unlimited bureau disputes, unlimited creditor disputes and an additional $50 charge for a spouse to be added to the plan.
This plan requires a $247 one-time fee. In return, Credit Nerds will teach you how to repair your credit on your own through training materials and other information.
After a $499 fee to begin with, you have free setup, free 24/7 access and all the other benefits offered through the “Smart” Plan. Plus, the company owner will personally handle your case. You can also add a spouse for $199.
How it Works
Credit Nerds conducts a simple three step process similar to those used by similar credit repair companies.
Step #1: Analysis
Credit Nerds performs an extensive auditing process consisting of at least 20 pages of notes regarding what needs to be fixed and how. Once this process is completed, consumers are given the option to pay for deletion items on an individual basis.
Step #2: Dispute Process
Credit Nerds will then draft dispute letters and sent them to the 3 major credit bureaus. An investigation will be conducted and consumers will receive a response within 30-45 days.
Step #3: Settlement
The company will continue the process as needed for a period of 3-6 months.
What to Expect when Signing Up
Signing up as a customer for Credit Nerds is a painless, quick process. Here are some highlights of what you’ll experience once you decide to do business with Credit Nerds.
- You sign up online to be a Credit Nerds Customer. Simply go to the company’s website and select the plan that best fits your needs.
- Credit Nerds completes an audit of your account and then gets started removing inaccurate information that is bringing your score down.
- Once these false marks are removed, you will pay additional fees for each removal.
What Can Be Removed?
Credit Nerds makes no guarantees of what specific items it will remove. Furthermore, the company cannot delete legitimate items from your report; however, it can remove false information from the following:
- Late payments
- Medical collections
- Tax liens
Other inaccurate or outdated information on your credit report