National Credit Federation
Is This Your Business?Author: Kaitlyn Short
National Credit Federation is a nationwide credit repair agency headquartered in Tampa, FL. The company provides a number of standard credit repair services and legal assistance, as well as some guarantees and discounts that are unique to the industry. However, National Credit Federal also charges considerably more for its services, and customers may find themselves doing more legwork than they expect.
Top Ranked Companies
The Good
- Money-Back Guarantee
- Partner Discount
- Legal Help Available
National Credit Federation offers customers a number of credit repair features unique to top companies. The company has what it calls a "No Risk Member Investment Warranty," which terminates the contract and refunds the customer if no defamatory items have been removed within three months of signup. Additionally, if customers' credit has not improved after the initial six-month membership, they will similarly receive a full membership refund. Along with its credit repair services, National Credit Federation offers legal assistance in cases where legal representation is required (e.g., stopping collection calls, or filing lawsuits against creditors).
Money-Back Guarantee
If credit hasn't improved within six months, customers receive a full refund.
Partner Discount
Discounts are available to significant others in need of credit repair services.
Legal Help Available
National Credit Federation's network of attorneys can represent credit repair clients in court.
The Bad
- Does Not Send Credit Reports
- Steep Initial and Monthly Rates
While some top credit repair companies will request regular credit reports from all three credit bureaus, it appears that this responsibility will fall directly to National Credit Federation customers. Customers are entitled to a free credit report from the credit bureaus once every 12 months; however, if they would like to see their credit reports more often, they may need to pay. National Credit Federation also carries some of the higher monthly rates in the industry, charging an initial fee of $197, $147 per month for the first six months, then $97 per month for any additional time required to repair customers' credit. These rates (particularly those in the first six months) are drastically higher than those of other top companies.
Does Not Send Credit Reports
Customers must request their credit reports directly from the three credit bureaus.
Steep Initial and Monthly Rates
National Credit Federation charges $197 initially, then $147 for the first six months.
The Bottom Line
If you want to be fairly involved in the credit repair process (i.e. obtain regular credit reports yourself) and like the security of a money-back guarantee, National Credit Federation is a good choice; but if you're uncomfortable paying higher fees and would rather the credit repair agency shoulder all of the credit repair process, you may find your interests and needs are best addressed elsewhere.
