Credit Repair in Florida: Why Are They on My Credit Report?
August 23, 2024 | 8 min read
Written By:
Credit Saint
Credit Saint
Staff Writer
With years of experience and a passion for helping clients achieve their financial goals, our team is committed to guiding you on your journey to credit recovery and financial success.
Reviewed By:
Ashley Davison
Ashley Davison
Editor
Ashley is currently the Chief Compliance Officer for Credit Saint, previously the Chief Operating Officer. Ashley got into the Financial world by working as a Logistics Coordinator at Ernst & Young. Coming from a previous career in education, she is eager to teach the world every...
Florida’s average credit score is 708, which is just above the national average, reflecting the state’s potential for strong credit health.
By focusing on responsible financial habits and utilizing legitimate credit repair services, many residents have the opportunity to further improve their scores into the higher 700s, opening up better lending and financial opportunities.
In the Sunshine State, where financial well-being is as crucial as enjoying the beautiful beaches and vibrant culture, maintaining a healthy credit score is key. Navigating the world of credit repair can be challenging, with a myriad of options available, each promising to help improve your credit history. This guide is designed to simplify your search by highlighting top-rated credit repair companies in Florida.
Recent data reveals that Florida ranks among the top states for credit card debt, with residents carrying an average of over $6,500 in credit card debt. This substantial debt load can complicate efforts to maintain or improve credit scores, leading to potential financial strain. Late or missed payments can further erode credit health, creating a cycle of financial difficulties.
In Florida, where the cost of living and economic pressures can be intense, accessing reliable credit repair services is crucial. Professional credit repair services can help address issues such as reporting errors from creditors and credit bureaus, which may adversely affect your credit score. By leveraging these services, you can work towards correcting inaccuracies and implementing strategies to better manage your financial health.
All of these companies operate in the state of Florida.
1. Credit Saint
National Company Servicing Florida
National Company Servicing Florida
This is info about the company, make it useful.
Also add company information here, find something good.
Founded In
BBB Rating
Google Rating
2007
A
4.8/5
Credit Saint is a leading credit repair company dedicated to helping individuals improve their credit scores and achieve financial stability. With personalized solutions and expert guidance, Credit Saint empowers clients to navigate their credit challenges and build a stronger financial future.
Their reviews are favorable.
Credit Saint has 3 plan options, starting at $79.99.
Answer 3
2. Florida Credit Firm
9240 SW 72nd St, Miami, FL 33173
Services Miami Beach and surrounding areas
Offers online appointments
Open Mon-Fri from 9am-5pm
Founded In
BBB Rating
Google Rating
2015
NA
4.6/5
Florida Credit Firm works with individuals in Miami Beach who need their credit scores fixed. Since 2015, the local business has worked with clients throughout the country who need help in getting their credit issues solved, providing guidance to achieve and maintain better personal or business credit.
Their reviews are favorable.
Florida Credit Firm has 3 plan options, starting at $124.00 per month and going as high as $324.00 per month.
Answer 3
3. Credit Repair of Florida
1222 SE 47th St, STE 207 Cape Coral, FL 33904
Local company servicing Florida
This is info about the company, make it useful.
Also add company information here, find something good.
Founded In
BBB Rating
Google Rating
2011
NA
4.4/5
Credit Vision LLC is a woman-owned firm that caters to Orlando and the surrounding areas. It works with people seeking to repair and build their credit scores or rankings. Its specialists examine the essential aspects and anomalies in reports and communicate with bureaus on clients’ behalf. To help people make sensible financial decisions, the company also provides an online course called Credit Vision Academy. Credit Vision has been in operation for more than 11 years.
Their reviews are favorable.
Credit Repair of Florida has 3 plan options, starting at ??.
What makes Florida’s credit repair services unique compared to other states?
Credit repair companies operating in Florida must navigate a framework of state regulations designed to ensure transparency, fairness, and consumer protection. By adhering to the Credit Services Organizations Act, the Florida Deceptive and Unfair Trade Practices Act, and relevant federal laws, these companies can provide valuable services while maintaining ethical standards and protecting consumer rights.
Additionally, Florida’s diverse economic environment, including high levels of credit card debt, creates a unique market for credit repair services. Local companies often tailor their services to address specific regional financial challenges. The blend of stringent state regulations and regional economic factors makes Florida’s credit repair landscape distinct.
What State Regulations Govern Credit Repair in Florida?
In Florida, credit repair activities are subject to specific state regulations designed to protect consumers and ensure that credit repair services are conducted ethically and transparently. Here’s an overview of the key regulations governing credit repair in the state:
1. Credit Services Organizations Act (CSOA)
The Credit Services Organizations Act (CSOA), found in Florida Statutes Chapter 817, regulates credit repair organizations operating within the state. This law mandates that credit repair companies must be registered and comply with various requirements to ensure they do not engage in deceptive practices. Key provisions include:
Disclosure Requirements: Credit repair companies must provide clear and detailed written disclosures to consumers. These disclosures include information about the services offered, the total cost of services, and the consumer’s rights under state and federal law.
Contract Requirements: The CSOA requires that credit repair companies enter into a written contract with consumers before providing services. This contract must outline the services to be performed, the duration of the services, and the cost.
Prohibition of Advance Fees: The law prohibits credit repair companies from collecting fees before services are rendered. They can only charge fees after the promised services have been completed.
2. Florida Deceptive and Unfair Trade Practices Act (FDUTPA)
The Florida Deceptive and Unfair Trade Practices Act (FDUTPA), found in Chapter 501 of the Florida Statutes, provides broader consumer protection against unfair and deceptive business practices. Under FDUTPA:
Prohibition of False Claims: Credit repair companies are prohibited from making false claims about their ability to improve a consumer’s credit score or remove negative information from credit reports.
Consumer Remedies: Consumers have the right to seek remedies under FDUTPA if they are misled or deceived by credit repair services. This can include recovering damages and seeking injunctive relief.
3. Federal Regulations
In addition to state regulations, credit repair organizations in Florida must also comply with federal laws, including the Credit Repair Organizations Act (CROA) and the Fair Credit Reporting Act (FCRA). These federal regulations establish standards for credit repair practices and provide protections for consumers.
4. Licensing and Registration
While Florida does not require a specific state license for credit repair companies, they must comply with the general business licensing requirements of the state. This includes registering the business with the Florida Division of Corporations and adhering to local business regulations.
How can I verify the legitimacy of a credit repair company in Florida? Check if the company is registered with the Florida Department of State. Also, look for any complaints or reviews about the company through the Better Business Bureau or the Florida Attorney General’s Office.
What are the average costs of credit repair services in Florida? The average cost of Florida credit repair services typically ranges from $80 to $150 per month, depending on the complexity of the credit issues and the services provided.
Can Florida residents repair their credit on their own, or is professional help recommended? Not answered yet. Explain that while residents can undertake credit repair themselves, professional companies might offer more expertise, resources, and knowledge of Florida-specific credit issues.
Are there any Florida-based credit repair scams to be aware of? Yes, there are credit repair scams in Florida to watch out for, such as companies that demand upfront fees, which is illegal under the Florida Credit Service Organizations Act. Be cautious of firms that guarantee the removal of accurate negative information from your credit report or use high-pressure sales tactics. Always research the company, check for complaints with the Better Business Bureau, and ensure compliance with federal and state laws.
Can credit repair companies in Florida remove accurate negative information from my report? No, credit repair companies in Florida cannot legally remove accurate negative information from your credit report. They can only dispute and potentially remove information that is incorrect, outdated, or unverifiable. Claims that a company can remove accurate negative data are a red flag for potential scams.
Where can Florida residents report unethical credit repair practices? Florida residents can report unethical credit repair practices to the Florida Attorney General’s Office, the Federal Trade Commission (FTC), or the Consumer Financial Protection Bureau (CFPB). These agencies investigate and take action against companies that violate consumer protection laws.
Local Options for In-Person Credit Repair Services in Florida
There are numerous options available for residents, including several local, face-to-face alternatives. It’s important to thoroughly research any credit repair company prior to engagement, as the industry has occasionally been marred by instances of unethical behavior.
Company Name
Address
A Plus Credit Services LLC
8459 Coral Wy, Miami, FL 33155
Credit Repair Expert Help
25 N Market St, Jacksonville, FL 32202
Elite Credit Solutions
1936 W Dr Martin Luther King Jr Blvd Suite 215, Tampa, FL 33607
Mr. Credit
5205 S Orange Ave Ste D, Orlando, FL 32809
Financial Resurrection
7901 4th St N, St. Petersburg, FL 33702
Credit360 Credit Repair Services
1400 Village Square Blvd #3-81121, Tallahassee, FL 32312
Best Life Solutions
5475 NW St James Dr #419, Port St. Lucie, FL 34983
Credit Vision LLC
1222 SE 47th St Ste 306, Cape Coral, FL 33904
SW Group Credit Repair
1 E Broward Blvd Ste 700, Fort Lauderdale, FL 33301
Fix My Credit
2330 Polk St, Hollywood, FL 33020
Destiny Infinity Financial
1020 NW 23rd Ave, Gainesville, FL 32609
Financial Building Solutions LLC
1023 NE 14th St, Ocala, FL 34470
Unique Financial Solutions LLC
551 Creighton Rd Ste D104, Pensacola, FL 32504
Credit Medic
12771 World Plaza Ln Suite 1-C, Fort Myers, FL 33907
New Generational Wealth Solutions
1864 Dr Martin Luther King Way Ste. 108, Sarasota, FL 34234
Credit360 Credit Repair Services
2500 W Intl Speedway Blvd Ste #900 Rm #1098, Daytona Beach, FL 32114
Credit Card Management Services, Inc.
1325 N Congress Ave, West Palm Beach, FL 33401
CareOne Credit
914 Florida Ave S, Lakeland, FL 33803
Bottom Line on Credit Repair in Florida
Finding credit repair in Florida requires careful consideration to avoid scams and ensure compliance with state and federal regulations. Legitimate credit repair companies, like Credit Saint, can help you correct errors on your credit report, but they cannot remove accurate negative information. Always verify a company’s legitimacy before engaging their services.
If you’re facing credit challenges in Florida, seeking expert assistance can be a key step towards improving your financial situation and achieving greater credit stability.
Reviewed By:
Ashley Davison
Editor
Ashley is currently the Chief Compliance Officer for Credit Saint, previously the Chief Operating Officer. Ashley got into the Financial world by working as a Logistics Coordinator at Ernst & Young. Coming from a previous career in education, she is eager to teach the world everything she knows and learn everything that she doesn’t! Ashley is a FICO® certified professional, a Board Certified Credit Consultant, a Certified Credit Score Consultant with the Credit Consultants Association of America, UDAAP certified, and holds a Fair Credit Reporting Act (FCRA) Compliance Certificate.
