No Advance Fees

Finding a Legitimate
Credit Repair Company

Congress passed a federal law in 1996 named the Credit Repair Organizations Act (CROA). It was mainly passed to help regulate the credit repair industry in order to protect you from the unscrupulous practices common to a credit repair scam. Repairing inaccurate, outdated and unverifiable items on credit reports is perfectly legal. However, some credit repair companies are not. Fraudulent companies make false promises and often mislead consumers. They position themselves as Credit Repair Law Firms, Credit Repair Non Profit Companies, etc... As a result, the Federal Trade Commission (FTC), which is responsible for enforcing consumer protection, developed the Credit Repair Organization Act (CROA). The CROA states that a credit repair organization is not allowed to collect payment for any services that have not been performed. That’s why collects payment one month at a time but only for promised services already completed — i.e., for legal interventions previously dispatched.

In addition to defining prohibited practices, CROA also states that credit repair organizations must present you with a properly constructed credit repair contract, must allow you to cancel service within three days of signing the contract with any penalty or obligation, and must provide you with a disclosure statement titled "Consumer Credit File Rights Under State and Federal Law" that informs you of your rights to order your credit reports, dispute the accuracy of the information in your credit reports yourself, and to sue a credit repair organization that violates CROA.

A legal credit repair company will have you sign a contract. Legally, a credit repair company is not allowed to perform any services until you have signed a written contract and have completed a three-day waiting period. During this time, you may cancel the contract without paying any fees. Last, but not least, do not pay advance fees. Credit repair services must be started before they can collect money. CROA states a credit repair organization is not allowed to collect payment for any services that have not been performed. The organization can only collect payment after they have performed their end of the deal. Work with a company that has monthly billing instead of an upfront fixed amount. This way you can be assured that you are paying for services already previously performed.

Credit repair is very legal and engaging a credit repair company to fight for your good credit makes sense. The reality is that legal credit repair companies have helped thousands of people repair their credit history and set them up to successfully purchase a home or car and have the purchasing power to fill their needs.

NEWSPAPER ARTICLE: Focus on Finance / Finding a Legitimate Credit Repair Company
Written by: Robert Wilkins , Owner of in Elizabethtown, Kentucky 42701

... It is important to understand there are no guarantees involved with credit repair. Just like in a court of law, an attorney could never guarantee a client that the judge or jury would find in their favor. A credit repair company is only able to dispute inaccurate, outdated, and unverified items on your credit history. If it doesn’t fall into those three categories – a credit repair company cannot make the item magically disappear.

5 Star Client Testimonial:  star star star star star
Dear Staff,
Without my family and I would still be renting a home. My credit score was the only thing holding us back from living the American Dream and getting our dream home. kept me up to date and was always ready to help with any questions I had. As the days went on I watched my Client Portal show more and more items removed. We went in next time and got a loan with great intrest rates, no questions asked. Thank you for getting my credit in line!
                                                Sonora, KY. -Client of