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Its important to note that credit repair is legal in all 50 states. Theres a federal law that guarantees consumers the right to dispute information in their credit report to have it corrected. Theres also a federal law that outlines how credit repair companies can provide services to consumers.
No. Credit repair is a legal way to improve a damaged credit history and raise your credit score. You can hire a professional firm to help you repair your credit, but it wont be able to do anything for you that you cant do for yourself.
The Credit Repair Organizations Act (CROA) is a piece of consumer protection legislation that regulates the behavior of companies offering credit repair services. These companies charge customers a fee to help them improve their credit scores.
A credit repair organization (CRO) can only be compensated after services are rendered. No up-front fees are allowed. A CRO cannot charge excessive set-up fees. A CRO cannot make false or misleading statements to a credit reporting agency.
Credit repair in California is governed by the Credit Services Act of 1984.
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CROA requires that credit repair companies must allow consumers the right to cancel the contract three business days from the date they sign the contract.
Its important to note that credit repair is legal in all 50 states. Theres a federal law that guarantees consumers the right to dispute information in their credit report to have it corrected. Theres also a federal law that outlines how credit repair companies can provide services to consumers.
Are credit restoration and credit repair the same thing? Yes, the terms credit restoration and credit repair refer to the same process. Both usually involve removing inaccurate negative credit items from your credit history for a fee to improve your credit score and generate a more positive credit history.

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