Prime Credit Experts has been in business since 2004, under the umbrella of Imperial Capital. In that time, they have logged only three Better Business Bureau complaints. which is a very good track record in this industry. While they are not accredited, their grade of an A+ from the BBB indicates a business that is doing what they tell consumers they will.
As stated, once you dig in to their website, they appear to be upfront about what they can do for you. However, many sources online take issue with the fact that their initial hook to get people does not mention the fact that only incorrect items can be removed until you read deep in to their site. It seems the 100% money back guarantee may be a bit disingenuous as well. On their website, Prime Credit Experts states that the initial $59.95 covers them pulling your three credit reports and score at a cost of $20 each. Also, there is no mention of what additional fees will be charged once they start working with you.
The Bottom Line
Prime Credit Experts uses a step-by-step process that is similar to most credit repair companies. It will require you to obtain copies of your credit report, however, the one major difference between Prime Credit Experts and other companies is that they offer a service to do that step for you if you wish. From there, your own analyst will be assigned to you and the credit repair process will begin.
Step #1: Get a Copy of Your Credit Report
You will need to obtain copies of your credit reports from the three major credit bureaus before the credit process can begin. You can receive one free credit report a year. If you would like to get your entire credit history complete with your credit score (credit scores are not in the credit reports from the credit bureaus), you can use a service provided by Prime Credit Experts for a one-time fee of $59.95.
Step #2: Consultation
After you send in your credit reports, you will be able to schedule your free credit consultation and analysis. These consultations take place with your own individual FICO-certified credit analysts. These consultations will be rather extensive, as the analyst will take you through every detail and line on your credit report. Together, you will identify the negative items that are eligible for dispute.
Step #3: Execute Your Custom Plan
After you h ave gone through your credit report with the analyst, you will have an idea of how many and which items will be eligible to be removed from your credit report. You are now ready to start the dispute process where the Prime Credit Experts team will compile and send all dispute letters associated with your case. There is no limit on how many dispute letters sent out. You will also have access to your account online, which will allow you to track your progress. Once the disputing process has begun, the only thing you have to do is send in any and all updated results from the credit bureaus. If you notice that there is an item you missed, but want removed, you are able to send that information along as well.
**This is a summation of the terms and services/contract details and is in no way a complete depiction of this company s actual terms and services or contract. The information found below is simply additional information and commentary with the intent to help the consumer. If you wish to know the exact language of the terms of service/contract, please contact this company with any questions or concerns you may have.**
A $59.95 Enrollment and Case Evaluation Fee allows Prime Credit Experts to create a Customer s (You) individualized Prime Credit Experts Credit Summary Profile, unique to each client, based on their individual credit history. Charges for the $59.95 Enrollment and Case Evaluation Fee will not process until the following services have been rendered: Allows the credit profile that Prime Credit Experts constructs, as detailed above, to be viewed, analyzed, and evaluated by a credit analyst employed by Prime Credit Experts. This analyst will recommend Prime Credit Experts programs which you may qualify for and/or suggest alternative actions to be taken in order to improve your credit rating. Includes a personalized phone evaluation with one of Prime Credit Experts Senior Credit Analysts.
What to know:
The $59.95 enrollment fee must be made before the consultation can take place. The fee go towards the efforts made to obtain credit history/report documents so that an effective evaluation can take place. Clients are not charged for the evaluation, but are charged for the documents needed to conduct the consultation with the credit analyst.
Prime Credit Experts does not provide legal counsel. This one-time NON-REFUNDABLE Enrollment and Case Evaluation Fee will be credited back IF AND ONLY IF you, the consumer, choose to move forward with further Prime Credit Experts programs and services with a signed Credit Services Agreement. What a $59.95 Enrollment and Case Evaluation Fee Does Not Cover: The 59.95 fee does not in any way cover any of the costs associated to credit restoration. However, as stated above, the Enrollment and Case Evaluation Fee will be credited back to the user IF AND ONLY IF they choose to move forward with additional Prime Credit Experts services and programs with a signed Credit Services Agreement. The Enrollment and Case Evaluation Fee DOES NOT provide a specific guarantee or a particular outcome from the services rendered within this Case Evaluation. Additionally, the Enrollment and Case Evaluation also does not guarantee a particular time frame in which your case may be resolved. By agreeing to pay this Enrollment and Case Evaluation Fee, you are allowing for Prime Credit Experts to honestly and fairly assess your current credit situation, and evaluate potential ways in which Prime Credit Experts may potentially help to repair your credit rating.
What to know:
Legal counsel is not provided by Prime Credit Experts. The enrollment fee is credited back to the clients that are eligible and chose to move forward with Prime Credit Experts credit repair services. If a client does not qualify for credit repair services or chooses that they do not want Prime Credit Experts to manage their credit repair services, then they will not be credited back the $59.95 enrollment fee. Paying the fee does not guarantee particular results or a time frame in which all services will be completed.
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