Credit Repair Organizations Act (CROA)
The Credit Repair Organizations Act (CROA) is a federal law that governs the business and advertising practices of companies claiming to offer “credit repair” services. Prior to CROA, some companies took advantage of consumers and profited on advice that actually hurt consumers instead of helping them.
CROA prohibits the three national credit bureaus and their subsidiaries from becoming credit repair organizations. freecreditscore.com is owned by Experian, and as a result cannot be a credit repair organization, and cannot provide you specific credit advice.
We have partnered with another company that can offer specific advice. To learn more, please visit Experian Credit Advisors.
Credit Repair Companies
Be very careful when dealing with any company that offers to “fix” or “clean” your credit for money.
Credit is a highly regulated industry with very established processes. Many of the services these agencies offer are things you can do for yourself at no cost, such as filing disputes with the credit bureaus.
This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.
Published by permission from ConsumerInfo.com, Inc. © 2013 ConsumerInfo.com, Inc. All rights reserved