Companies who promise to fix your credit for money are called Credit Repair Organizations ("CROs") and are chiefly governed by the Fair Credit Reporting Act (FCRA - 15 U.S.C. § 1681) and the Credit Repair Organizations Act (15 U.S.C. § 1679), as well as a variety of other state and federal laws and regulations.

Theoretically, anyone can provide a service which assists consumers in exercising their rights to correct inaccurate credit information on their consumer credit reports, so long as they comply to the letter with every single provision of every single state and federal law which regulates credit repair. And that's very hard to do.

Affordable, meaningful credit repair from a CRO is highly improbable.  It's a little like saying, "My kid brother says he is going to fly a rocket to the moon." In truth there is the possibility that someday he will become an astronaut, train for a mission, get selected, and walk on the moon.  But it is highly improbable.

Frankly, most credit repair organizations are rip-offs and scams. They are a waste of money and a waste of time. Oftentimes, these organizations are set up as 501(c)(3) charities which are not covered by most laws governing credit repair. There is nothing that a Credit Repair Organization can legally do that a consumer can't do themselves, just as easily, and for free.

The truth of the matter is that credit repair can only best be done by a consumer challenging inaccurate information in writing, waiting to see if it is remedied by the consumer reporting agencies (Experian, TransUnion, CSC/Equifax), then adding a written dispute to the credit report and then bringing suit if the information is not fixed.

The majority of people, though, want to remove accurate negative information from their consumer reports.  That's not going to happen, at least not legally, anyway.  Accurate negative information, will generally remain on a consumer's credit report for 7 years, 10 years for bankruptcies and judgments. That's the law.