What Is Cool Credit and How Does It Work?

How to improve credit score

Nicolette Norris

March 23, 2022
What is Cool Credit

Cool Credit is a US-based company that offers affordable credit repair services, a process of finding and fixing any problems on your credit report to improve your financial standing. 

The company also offers other credit-related services to suit your individual needs and budget. Find all the details here.

What Services Does Cool Credit Offer?

Cool Credit uses a methodical approach to improve your credit score. Its services include:

1. Credit Repair

It is a 4-step process of evaluating your credit standing, identifying and challenging any inaccurate negative items with the credit bureaus, getting negative unverified items removed, and monitoring the changes in your credit score.

2. Credit Boost

Credit repair services can be expensive, but with Credit Boost, you get multiple payment options most suited to your credit profile and needs. Your every payment is instantly reported to all three credit bureaus to give your credit score a quick boost.

3. Credit Shift

The Credit Shift program helps you establish your business, get money for it, and then start the business credit building process.

How Much Do Cool Credit Services Cost To Individuals?

Cool Credit offers a simple “Pay Per Deletion” model. This means you only pay when items on your credit report are removed. Pay Per Deletion is inexpensive, costing only $100 per deletion per credit bureau. Cool Credit charges a $99 one-time account setup fee for individuals and $149 for couples. Credit Boost allows you to finance set-up and deletion fees with simple, affordable monthly payments. Credit Boost charges a one-time activation fee of $30 for account setup. 

Monthly credit monitoring fees of $19.95 (paid separately by you)

Example of start-up costs:

First 7-days credit monitoring fee*: $1 

Cool Credit account set up & initial services: $99 

Credit Boost account set up: $30 

Total cost to enroll and start: $130 

* Trial period is 7 days for $1 after which, monitoring fees will be billed at $19.95 per month after the trial period ends.

Pay Per Deletion Model

With Cool Credit’s Pay Per Deletion Model, you pay only when negative and/or incorrect items are deleted from your credit report. Deletion costs are $100 per deletion, per bureau, and you can finance this through Credit Boost with easy to afford monthly payments. All on-time payments will be reported to credit bureaus further boosting your credit score.

How Much Are Cool Credit Services For Businesses?

The Credit Shift Program is designed for businesses that need a more aggressive and faster-paced credit repair model. Cool Credit’s Credit shift program starts at $999 for initial work and account setup. 

Credit Shift is also eligible for Credit Boost services. Fees for Credit boost for the Credit Shift program can vary based on an individual’s needs. See the disclaimer below. 

Disclaimer: All fees mentioned above are estimated and can change based on an individual’s/business specific needs. An itemization of costs will be provided for all work and any additional charges if warranted and agreed to by the consumer before any work is started.

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