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When researching credit repair companies, carefully weigh these factors to potentially avoid credit repair scams or costly mistakes. Doing so also helps you select the best service for your situation.
It’s important to be careful when choosing which credit repair company to go with.
The US Credit Repair Organizations Act ("CROA") is Title IV of the Consumer Credit Protection Act. Despite its name, it is not actually an act; Section 401 states, however, it can be referred to as "Credit Repair Organizations Act". The statute was signed by President Bill Clinton on September 30, 1996. [1]
Credit repair consists of finding and fixing mistakes on your credit report to boost your score. You can do credit repair on your own for free, but it can be time-consuming.
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