Credit Versio Review 2022: DIY Credit Repair

Did you realize you’ve got a authorized proper to dispute inaccurate and damaging info that seems in your credit score studies? Well, you do, and corporations like Credit Versio may also help you get inaccurate or inaccurate info eliminated. 

This removing course of is named a dispute and is a part of the credit score restore course of. In this overview of Credit Versio, we’ll check out how Credit Versio’s guided dispute software program stacks up towards different credit score restore options. 

Credit Versio Review & Ratings

A hands-on credit score restore answer for disputing adverse gadgets in your credit score studies.
If you’ve got a dozen or extra adverse accounts affecting your credit score studies and also you need a low-cost, hands-on alternative to restore your credit score your self, you then may be a great candidate for Credit Versio. 

Cons

Need to bodily mail dispute letters

Requires credit score restore information

What Services Does Credit Versio Provide

Credit Versio is a credit score restore software program bundle designed that can assist you navigate the credit score restore course of your self without having to rent an expert. Think of it as a guided DIY credit score restore choice.  

During the dispute creation course of, Credit Versio will allow you to generate a letter with the wording wanted to dispute your particular person difficulty. For occasion, how they phrase a dispute letter for an inquiry can be totally different than how they phrase a dispute letter for a collections account. 

If you’ve got many gadgets it’s good to dispute, this letter technology can prevent a while. But you’ll nonetheless need to bodily print and mail the letters your self. 

Credit Versio additionally tracks the dispute course of by monitoring your credit score. They’ll notice credit score rating modifications, which gadgets have been eliminated out of your credit score studies, and which gadgets have been verified. 

They also can allow you to navigate the method of making follow-up dispute letters in case you didn’t get the end result you needed the primary time. 

This DIY method to credit score restore offers you better management over the credit score restore course of in comparison with hiring a credit score restore firm, and the fee is far decrease

The draw back is that the DIY method requires you to not solely do a number of the work but additionally know a good quantity about credit score to make sure that your actions will allow you to and never harm you. 

How Does Credit Versio Work?

Using Credit Versio’s dispute letter generator, you may, in principle, dispute the entire adverse info in your credit score studies that’s damaging your credit score rating.

Remember that disputes should not at all times profitable. If an account is professional and doesn’t include errors a credit score bureau has no obligation to take away it. 

Credit Versio's options

How to Setup Credit Versio

Credit Versio works intently with companions Smartcredit and IdentityIQ, each of that are identification theft monitoring providers. If you have already got an IdentityIQ or Smartcredit account, go straight to step 3. If you don’t, you’ll must undergo the whole course of.

Step 1: Select the credit score monitoring bundle you need. Credit Versio gives 3 choices. 

Step 2: Enter your info, confirm your identification, and specify a cost methodology to finish your credit score monitoring account setup. 

Step 3: utilizing your credit score monitoring account info, Credit Versio will hyperlink to your credit score studies for all 3 bureaus. If you have already got an IdentityIQ subscription however not the Secure Max plan, you’ll must improve presently.  

Step 4: Credit Versio will analyze all 3 studies, search for any info/account that’s negatively impacting your credit score, and flag this account/info. 

How to File a Dispute

Once you’ve got an account arrange with Credit Versio, they may robotically start going via your credit score studies to search for points affecting your credit score. For every difficulty they discover, they may counsel the suitable dispute motion, like disputing a group account versus disputing a tough inquiry. 

Step 1: Select the Create a Dispute choice in your dashboard. 

Step 2: Choose the credit score bureau that you simply wish to file a dispute with; Experian, TransUnion, or Equifax. 

Step 3: Credit Versio will show all the problems negatively impacting your credit score. Select all gadgets (late funds, inquiries, public information, and so on.) that you simply wish to dispute. 

Step 4: You’ll want so as to add the rationale for every disputed merchandise. Credit Versio will robotically counsel probably the most acceptable motive, or you may choose a distinct motive. The motive you select will decide the wording of your dispute letter.  

Step 5: Once you’ve completed, Credit Versio will generate your dispute letter(s) and e mail them to you. You can now undergo the dispute creation course of for the opposite credit score bureaus. 

Step 6: You’ll must bodily mail your dispute letter(s) to the credit score bureaus. Review every letter Credit Versio generated, print it, after which ship it to the suitable credit score bureau. 

Step 7: Credit Versio will monitor the progress of your disputes and present you which ones gadgets are being disputed, which have been efficiently disputed, and any that have been verified as right. And they’ll present you the way the modifications affected your credit score rating. 

Step 8: Credit Versio will information you thru creating subsequent rounds of dispute letters for any failed disputes. 

You can view the whole dispute creation course of in video format as introduced by Credit Versio. 

How to Cancel Your Subscription

Canceling Credit Versio providers is a bit sophisticated. Since you solely get entry to the dispute software program via Credit Versio, contacting them to cancel providers won’t cancel your credit score monitoring subscription. 

Credit Versio can take away your account info whenever you request cancellation. Still, subscription cancellation will must be processed via Smartcredit or IdentityIQ. 

Credit Versio may also help you, however you’ll be capable to cancel your subscription extra rapidly in case you contact the credit score monitoring firm instantly. 

Other Features Offered by Credit Versio

In addition to the dispute creation and monitoring course of that Credit Versio gives, you additionally get entry to the entire credit score monitoring instruments of their companions. 

If you chose IdentityIQ, these further options embrace 

  • $1 million in identification theft insurance coverage
  • $25k for identification safety of your kids
  • Monitoring of all 3 credit score bureau studies
  • Monthly report and rating updates
  • Enhanced credit score monitoring (day by day TransUnion checks)
  • Dark net monitoring
  • Access to a credit score rating simulator

If you chose a Smartcredit subscription, you’d get options like

  • $1 million in identification theft insurance coverage
  • Enhanced credit score monitoring (for Premium subscriptions)
  • Credit Actions (much like disputes)
  • Access to a rating simulator
  • Credit studies & scores for all 3 credit score bureaus (the fundamental plan will cost a price)
  • Money supervisor software

Many of those additional options can solely be accessed via the associate’s web sites. They should not obtainable via the Credit Versio web site. 

Pricing

Credit Versio companions with credit score monitoring providers to offer clients credit score restore instruments. Because of this, you will have to signup for both Smartcredit or IndentityIQ’s credit score monitoring service to make use of Credit Versio’s providers. You can do that instantly via Credit Versio’s web site. 

Each credit score monitoring bundle gives barely totally different options and assets. Below is a comparability of the obtainable credit score monitoring/restore packages. 

Smartcredit Basic Smartcredit Premium IdentityIQ
Actions 5/month Unlimited N/A
GoodCredit Report Updates 2/month Unlimited N/A
Monthly 3 Credit Bureau Reports & Scores Yes (for a price) Yes Yes
Report/Score Updates 2/month Unlimited Unlimited
$1 Million ID Theft Insurance Yes Yes Yes
$25k Family ID Theft Insurance No No Yes
Free Trial No No Yes ($1)
Price $19.95/month $24.95/month $29.99/month

If you have already got a Smartcredit Basic or Premium account, then Credit Versio is 100% free. If you’ve got an IdentityIQ account, you’ll must improve to Max (in case you don’t have already got it) with a view to use Credit Versio’s platform. 

Credit Versio is ready to supply their credit score restore software program without spending a dime as they earn money from their credit score monitoring companions. 

Neither Credit Versio nor their credit score monitoring companions present any money-back assure or refund. 

Credit Versio Customer Reviews

The evaluations of Credit Versio’s providers are typically constructive. They have a 4.3 ranking on TrustPilot, with many evaluations, just like the one beneath, thanking them for serving to enhance their credit score scores. 

Credit Versio's positive review on TrustPilot

While most of the evaluations are nice, not everybody has success utilizing the service. Not all adverse gadgets will be efficiently disputed, and some customers level out that you would be able to dispute gadgets your self without spending a dime.

Credit Versio's

When it involves unhealthy evaluations, one of many largest ache factors is confusion on how that platform works and whether or not or not you’re coping with Credit Versio or their credit score monitoring companions. 

For occasion, the beneath overview voices confusion on the distinction between Credit Versio’s dispute service and Smartcredit’s motion function. Both assist take away adverse gadgets out of your credit score report, however in very alternative ways. 

review voices confusion on the difference between Credit Versio’s dispute service and Smartcredit’s action feature

The largest motive for adverse evaluations stems from disappointment or common confusion on how credit score studies and scores work. I.E., how disputing an account can take away each adverse and constructive info out of your credit score report.

The beneath put up on Facebook questions why scores decreased when utilizing Credit Versio. And as Credit Versio factors out within the feedback, there are plenty of elements that impression credit score. 

post on Facebook questions why scores decreased when using Credit Versio

Credit Versio Competitors

Credit restore is available in many types. This consists of free on-line assets, credit score restore software program packages, and subscriptions to credit score restore providers. 

Generally talking, the extra work you’re keen to do, the much less you’ll need to pay for the credit score restore answer. And vice versa. 

To see how the extent of service supplied by Credit Versio compares to a few of their rivals, beneath is a desk evaluating them to 3 of their high rivals. 

Credit Versio Credit Repair Magic Credit Detailer Lexington Law
Type of Service Credit restore software program Credit restore software program Credit restore software program/teaching Credit restore service
Features Dispute templates and dispute monitoring Letter templates and schooling assets Dispute templates, monitoring, & enterprise providers Credit restore and different authorized providers
Effort Involved High Very High Medium (if you are going to buy teaching) Low
Cost $19.95 – $29.99/month $97 one-time buy $399 one-time buy $89.95 – $129.95/month

In the quick time period, Credit Versio is an reasonably priced credit score restore choice if you’re acquainted with how credit score works and wish to take a hands-on method. 

But in the long run, their month-to-month subscription mannequin isn’t good in your pockets when in comparison with a number of the credit score restore options. If you propose to make use of a service for an prolonged time period, it is probably not the only option.

Check out our overview of credit score restore software program options for a full breakdown of Credit Versio’s closest rivals. Or, if you’re leaning extra in the direction of a credit score restore service, take a peek at our listing of high credit score restore firms. 

Is Credit Versio Worth It?

If you’ve got a dozen or extra adverse accounts affecting your credit score studies and also you need a low-cost, hands-on alternative to restore your credit score your self, you then may be a great candidate for Credit Versio. 

But, this software program isn’t for everybody. If you don’t clearly perceive credit score and the way disputes work. In that case, it may be higher to rent a full-service credit score restore firm. 

Or, in case you solely have one or two adverse gadgets in your credit score report, you’d most likely be higher off attempting to repair these your self, without spending a dime. 

Another factor price contemplating is whether or not or not you at present have a paid-for credit score monitoring service. If so (and it’s not via Smartcredit or IdentityIQ), then it doesn’t make a lot sense to buy Credit Versio’s credit score monitoring as effectively. 

Verdict

Credit Versio is a credit score restore software program service that you should utilize without spending a dime if in case you have a credit score monitoring subscription with certainly one of their companions. With a subscription, you may monitor your credit score, defend your identification, and use Credit Versio’s user-friendly, free software program to file and monitor disputes. 

But it is very important take into account that there are plenty of elements that impression credit score. Credit Versio can solely assist with certainly one of these; submitting disputes. Disputes are solely efficient if an entry in your credit score report is wrong.

You’ll nonetheless must sort out different credit score restore actions like paying off collections, sending goodwill letters, and so on. 

To use Credit Versio’s service correctly, you’ll must know the way credit score restore works. Or you can end up doing extra injury to your credit score (i.e., reviving outdated money owed) than good.  

How We Reviewed Credit Versio

We fee all of the merchandise we overview utilizing a key set of standards. This permits us to pretty evaluate merchandise that aren’t an identical.

These are elements we checked out when evaluating credit score restore software program.

Ease of Use: Is the credit score restore software program simple to make use of and navigate? 

In Credit Versio’s case, sure. Their platform guides customers via the dispute course of from begin to end. And they provide useful tutorial movies. 

Only a handful of customers report confusion on methods to navigate the method. 

Effectiveness: Does the software program ship on its promise? 

Yes, most clients have been ready to make use of Credit Versio’s software program to efficiently restore their credit score. 

That mentioned, a number of the course of lies exterior the software program. You’ll must bodily mail letters. And, in case you don’t perceive how credit score works, you can find yourself disputing the flawed issues and additional damaging your credit score. Not all damaging information will be efficiently disputed.

Support: When you encounter issues with the software program, is somebody obtainable to assist?

There are just a few adverse evaluations of Credit Versio’s customer support, and most revolve across the barely complicated facet of canceling membership.

Otherwise, Credit Versio could be very responsive on Facebook and gives their workplace cellphone quantity and e mail freely. I used to be in a position to personally check this out after I messaged them with a query, they usually have been very fast in replying again with an in depth response. 

Cost: Is the software program reasonably priced when evaluating the entire options?

Yes, in case you take into account that many disputes will be resolved in a number of months. If it solely took you 90 days to resolve many of the points in your credit score studies, you then would solely be out about $60. 

The subscription mannequin, nevertheless, is much less reasonably priced in case you retain the service for six+ months. 

Editorial Note: The editorial content material on this web page isn’t supplied or commissioned by any monetary establishment or different entity. Any opinions, analyses, evaluations, statements, or suggestions expressed on this article are these of the creator alone, and should not have been reviewed, accredited, or in any other case endorsed by any of those entities previous to publication.