Credit Repair Organizations Act

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In 1996, Congress passed the Credit Repair Organizations Act. Credit repair companies try to get negative information removed from your credit report, which should increase your credit score. The Act protects consumers in the following ways:
· The credit repair companies cannot misrepresent their services
· The company has to have a written contract with the consumer
· The consumer has 3 days to cancel the contract
· They cannot charge for services until the service has been done

Here is a link to the law:


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