Compliance

The Credit Repair Organizations Act, Explained

Your rights under CROA when working with any credit repair company in the United States.

The Credit Repair Organizations Act is federal law. It gives you specific rights when working with a credit repair company.

Your rights - A written contract disclosing services and total cost - A three-day right to cancel with no penalty - Fees may only be charged after services are performed - Truthful advertising and no false promises

Red flags to walk away from - Upfront lump-sum fees for future work - Guarantees of specific score increases - Suggestions to create a "new" credit file - Refusal to explain the process in writing

Any firm you work with should welcome these questions.

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