Dovly Review – A Cost-Effective Credit Repair Solution
Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. To read our full disclosure, click here.
The best credit repair companies should be free of any regulatory burden, and provide affordable services. With its cost-effective repair solution, Dovly is one such company.
9/10
Cost
9/10
Features
8.5/10
Ease of use
9/10
Services
9/10
If you're looking to buy a home or a car, lenders will consider your credit score. For reference, scores between 690 and 719 are generally considered good credit, while anything below 630 is called bad credit. If you have a low credit score, financial institutions will see you as someone with a higher level of default risk, making it harder for you to take out a car loan or a mortgage. And even if you do get what you want, you can expect higher interest rates.
Your credit score can take a hit for any reason, and disputing inaccurate items on your credit report requires a lot of time, planning, and money. Fortunately, you can hire companies like Dovly to do the heavy lifting.
Related: Best Credit Repair Companies
Jump To
What is Dovly?
Dovly goes beyond being just a credit monitoring service. Instead, it provides an automated credit repair service, showing you items dragging down your score and disputing them after getting your go-ahead. The credit repair agency has disputed more than 500,000 credit errors. Dovly boasts a success rate of 91%, and it has helped members raise their credit scores by 56 points within six months.
Founded in 2018, Dovly partners with Chime, MoneyLion, Varo Bank, and Even Financial. The consumer credit startup raised $3 million in July 2021 after raising $2.3 million in seed capital in June 2020. It said then that the money would be spent on marketing and product development.
Dovly offers two plans, including one completely free but with limited options. Collections, tax liens, charge-offs, late payments, bankruptcies, and foreclosures are some of the inaccuracies the company can help you with. Different credit bureaus have their own formalities regarding credit report errors, but Dovly handles matters in this regard.
Use Experian To Get Your Free Credit Score
- Free Credit Score, Credit Report & Identity Protection
- Simple & Secure. Sign Up In Less Than 90 Seconds
How does Dovly work?
Singing up for Dovly is easy. You can either sign up anew or use your Google or Apple account to make it even easier. You will be required to give basic information like your name, phone number, email, address, and Social Security number.
Once you sign up, Dovly will do what it calls a "soft pull" of your credit report, which paints a complete picture of your credit history. This soft pull doesn't affect your score and is meant to identify the tradelines potentially hurting your credit rating. Once you tell them of the negative items you'd like to dispute, Dovly starts working with your credit bureau.
Dovly's algorithm analyzes these items based on how big of an impact they'll have on your credit score and prioritizes accordingly. You can also let Dovly run on autopilot, which means it'll keep running in the background, identify any problems, and dispute them if needed.
Dovly features
Free credit repair
In addition to a premium tier, Dovly offers a free service, albeit with limited functionality. Under the free plan, the system will file one dispute per month with TransUnion for free, and you don't even need to give your credit card information. This plan does, however, do away with the money-back guarantee that comes with the paid tiers.
Educational content
Dovly's blog has tons of articles you can read to help you attain financial freedom and make sound financial decisions. Topics include identity theft, holidays, loans, mortgages, credit cards, and debt, among many others. When you click on a header, you will be directed to a section that houses all the articles about that topic.
It's automated
Dovly bills itself as the only fully automated credit repair solution. Its credit repair algorithm analyzes your data and provides an optimal solution for your needs.
Use Experian To Get Your Free Credit Score
- Free Credit Score, Credit Report & Identity Protection
- Simple & Secure. Sign Up In Less Than 90 Seconds
How much does Dovly cost?
As you've gathered by now, Dovly has two tiers: one is free of cost, while the other is paid. Dovly doesn't charge a setup fee.
- Free: This lets you file one dispute per month with TransUnion.
- Premium: The premium tier gives you access to maximum monthly disputes with TransUnion, Equifax, and Experian and a $1 million ID theft insurance. Real-time TransUnion credit report and score, TransUnion credit and ID theft monitoring enhanced credit monitoring, and a 90-day money-back guarantee are also included in this tier. Pricing-wise, the premium plan costs $39.99 per month.
Who should or shouldn't use Dovly?
If your credit score took a hit due to inaccurate payment history, bankruptcy, or any other reason, and you'd like to dispute that cost-effectively, look no further than Dovly. Its free tier lets you file one dispute per month with TransUnion, and you don't need to give out your credit card information. The company also has a success rate of 91%, and some customers' scores have gone up in as little as 30 days.
Pros and cons
Pros
- Dovly has a 91% success rate, and customers see an increase in credit scores within six months.
- Paid plan comes with a 90-day money-back guarantee.
- Easy sign-up process.
Cons
- It doesn't offer financial advice.
- Dovly only offers credit dispute services and doesn't negotiate with lenders on your behalf.
Use Experian To Get Your Free Credit Score
- Free Credit Score, Credit Report & Identity Protection
- Simple & Secure. Sign Up In Less Than 90 Seconds
Dovly vs. its competition
Company | Cost | Money-back guarantee |
Dovly | Free, or $39.99 per month | Yes |
Credit Karma | Free | Not applicable |
Creditrepair.com | $69.95 to $119.95 per month + start-up fee | No |
Credit Saint | $79.99 to $139.99 per month + start-up fee | Yes |
Credit Karma
Credit Karma is most famous for providing free credit scores. It pulls your VantageScore in its reports, not the more commonly used FICO score. With Credit Karma, you can access scores from TransUnion and Equifax. In addition to free credit scores, the company also provides recommendations on loans and credit cards, auto insurance options, access to financial relief programs available to you, and free tax return filing. You can also use Credit Karma to file a dispute with your credit bureau; its services are free.
CreditRepair.com
CreditRepair.com has been providing credit repair services for several years, and customers laud the education resources available to them through the company. However, in May 2019, the Consumer Financial Protection Bureau sued CreditRepair.com for violating rules concerning telemarketing sales. Like Dovly, CreditRepair.com also disputes an item on your behalf. But it's expensive: the basic package costs $69.95 monthly and includes a $69.95 start-up fee. The next plan will set you back $99.95 per month plus an equal amount as the start-up fee. The most expensive tier is $119.95 monthly plus a start-up fee of $119.95. There's no money-back guarantee with either of these plans, however.
Credit Saint
Credit Saint also provides three payment tiers, but unlike CreditRepair.com, it does offer a 90-day money-back guarantee. Credit Polish comes with five disputes and costs $79.99 monthly plus a $99 start-up fee. Credit Remodel lets you dispute ten items per month for $109.99 per month plus a $99 start-up fee, while the most expensive Clean Slate tier includes unlimited disputes for $139.99 monthly and a $195 start-up fee. All tiers include cease-and-desist letters.
FAQs
Is Dovly a scam?
No, the company has been in business since 2018 and raised more than $5 million in funding.
How long before my credit score improves?
Dovly has a 91% success rate, and its members begin to see their credit scores improve within six month; some see improvements in 30 days.
Does Dovly offer a money-back guarantee?
Yes, its paid plan comes with a 90-day money-back guarantee.
Use Experian To Get Your Free Credit Score
- Free Credit Score, Credit Report & Identity Protection
- Simple & Secure. Sign Up In Less Than 90 Seconds
Is Dovly legit?
Filing a dispute with a credit bureau is hard to navigate, and many people are left stumped. Credit repair companies are looking to get rid of this typically DIY process. Many companies charge excessive money, and some have even faced the federal government's wrath. The best credit repair companies should be free of regulatory burden and provide affordable services. With its cost-effective repair solution, Dovly is one such company.
Joy Wallet is an independent publisher and comparison service, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.
Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
We value your privacy. We work with trusted partners to provide relevant advertising based on information about your use of Joy Wallet’s and third-party websites and applications. This includes, but is not limited to, sharing information about your web browsing activities with Meta (Facebook) and Google. All of the web browsing information that is shared is anonymized. To learn more, click on our Privacy Policy link.
Images appearing across JoyWallet are courtesy of shutterstock.com.
Writer
Jasir Jawaid is Joy Wallet's Assistant Editor. He has more than 13 years of experience as a journalist covering Wall Street, equities, financial policy and regulation, and cryptocurrency and blockchain.
Share this article
