There are many companies out there that prey on consumers with less than desirable credit. When a consumer is trying to get a loan that will help their family get a home, a car, or a job, and their credit is making it difficult, it may seem like a great idea to work with a company that is promising to repair their credit.
Consumers must be very careful when turning to credit repair companies.
Under the Credit Repair Organization Act (CROA), credit repair companies are not allowed to lie about what they can do for you, or charge you before performing services. They must provide you with a written contract that details their services and your rights. You have the right to cancel without charge within three days. They must also provide you with how long it will take, the total cost, and any guarantees.
If a credit repair company violates your rights under the CROA, you have the right to sue them for your losses.
If your rights under the CROA have been violated by a credit repair company and you have lost money, you have the right to sue for the money you lost.
The consumer protection lawyers at Francis Mailman Soumilas, P.C. are here to fight for you. Fill out the case review form on this page, or call Francis Mailman Soumilas, P.C. today for a free case review 1-877-735-8600.
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