Veracity Credit Consultants
Veracity Credit Consultants is based in Denver, Colorado, and has been in business since 2003. Veracity Credit Consultants is a limited liability corporation, incorporated in Colorado in January, 2004. Veracity Credit Consultants has been an Accredited Business with the Better Business Bureau since 2004 and has an A-minus BBB rating.
Veracity Credit Consultants describes itself as an industry leader in credit repair solutions with proven credentials for credit repair assistance. This means the company deals solely in repairing inaccurate and negative information on credit reports. The company asserts it developed its credit repair solutions in partnership with recognized consumer advocates to best serve its clients.
As with other credit repair companies, Veracity Credit Consultants uses its years of experience in the industry and extensive knowledge of credit law to assist individuals in obtaining results set forth in their credit repair service plans. Veracity Credit Consultants emphasizes that its proven formula adheres to Federal Trade Commission regulations governing the credit repair industry.
Veracity Credit Consultants’ Organization
Headquartered in Colorado, Veracity Credit Consultants employs between 20 and 50 employees, according to Cortera, which collects and analyzes B2B financial intelligence. Veracity Credit Consultants’ employees hold various designations and certifications, including the Fair Credit Reporting Act (FCRA) certification, the Certified Information Privacy Policy (CIPP) designation and the Certified Credit Report Reviewer (CCRR) certification.
Exactly What Do They Do?
Veracity Credit Consultants will:
1. tell you how to get your credit report.
2. assist you in identifying inaccurate, unverified, outdated, or illegitimate entries on that report.
3. dispute questionable items on your behalf.
4. provide online tracking of your credit repair progress
Both levels of service include the four steps listed above.
Two Levels of Service
Services provided by Veracity Credit Consultants are performed under a subscription-type plan. You pay a one-time Sign-Up Fee, which varies according to the level of service, and then a monthly subscription rate until you decide to terminate the subscription. The higher level plan offers creditor intervention and collection interventions. Under the terms of your subscription, all services performed by Veracity Credit Consultants are done so under a Client Services Agreement.
There are two monthly rates corresponding to two levels of service:
• $49 per month for the Select plan, plus a $69 one-time Sign-Up fee. This is the basic plan that includes the four steps listed in the previous section, as well as online access to credit-related resources and weekly educational emails.
• $79 per month for the Platinum plan, plus a $99 one-time Sign-Up fee. This plan includes everything in the Select plan plus Veracity Credit Consultants will pull your credit report for you, give your case higher priority, create a customized credit repair and optimization plan, send intervention letters to creditors on your behalf to obtain source documentation for questionable items on your credit report, perform customized collection interventions to correct errors and ensure proper debt-collecting practices, provide monthly tutorials and send monthly progress reports.
Veracity Credit Consultants offers a couples discount with both service plans. Both service levels are pay as you go and come with a no-hassle cancellation policy, allowing you to cancel your subscription at any time.
No Guarantees
Veracity Credit Consultants’ website is very forthcoming about the credit repair services you can expect from them. The company illustrates how its practices comply with the Federal Trade Commission’s Credit Repair Organizations Act and acknowledges that everything they can do you can do yourself. Veracity Credit Consultants also stipulates that it cannot guarantee specific results from credit repair efforts conducted on your behalf, but it can guarantee that it will perform activities that may lead to improved credit scores. The company makes clear that it can only dispute questionable items on your credit report. If an item is valid, it will not be removed unless the creditor fails to provide validating data within 30 days of your inquiry.
Veracity Credit Consultants provides a service for people who do not have the time or desire to deal with credit bureaus and creditors on their own. Having access to the experience and resources of a company like Veracity Credit Consultants make many people feel more secure and confident about their chances of improving their credit.
Refund Policy
Veracity Credit Consultants has a clear refund policy. If the company fails to perform the services specifically outlined in the Client Services Agreement, the refund policy applies. This paragraph is from their website: “To the extent that Veracity does not perform the promised services, Client shall be entitled to a full refund of the Other Services Fee paid for the Term in which the failure occurred.”