Credit Repair Organization Act
Credit Repair Tips - Credit Repair Organization Act
Innovative Credit Consultant explains credit repair company contract rules placed on credit repair companies by the Credit Repair Organization Act.
The Credit Repair Organization Act places restrictions credit repair companies in order to protect you from scams. Credit repair contract requirements are in place.
Innovative Credit Consultants respects these laws and appreciates they are in place because we actually fight credit repair scams too.
Understanding Credit Repair Contract Points:
A credit repair contract is required to have at least four points.
Point One:
The contract must state the payment amount required after the service is completed.
Point Two:
The contract must have a clear description of the services that will be used to repair your credit.
Point Three:
The contract must have an estimated time as to how long it will take to complete the service.
Point Four:
The contract must have a clear statement showing you that you can cancel that contract within three business days. If you decided to cancel the contract within three business days, the organization can not, legally, charge you a fee or penalty.
If a credit repair company asks you to sign a form to waiver your rights, be on guard. You can not sign away your rights and any documentation stating so will legally be considered void.
Are you still unsure about your rights? In accordance with the Credit Repair Organization Act, the Innovative Credit Consultants can provide you official documentation explaining your rights. Expect nothing less best from your credit repair company. For the best in credit repair tips and tricks as well as a copy of the disclosure stating your rights visit www.icreditinc.com.
- Understanding Credit:
