The Credit Repair Organizations Act Does Not Allow a Credit Repair Company to Collect Payment Until Work is Completed!

20 Apr The Credit Repair Organizations Act Does Not Allow a Credit Repair Company to Collect Payment Until Work is Completed!

Consumers Beware!  Most credit repair companies require you to pay money upfront and/or on monthly basis to "help" you fix your credit report.   Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they promised.  If you have paid money to a credit repair organization who collected money from you upfront and/or a monthly basis, please contact your State Attorney General’s office the Federal Trade Commission and file a complaint.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
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