Credit Repair Organizations Act (CROA)

The Credit Repair Organizations Act (CROA) is a federal law that protects consumers from deceptive practices by credit repair companies. It requires these companies to provide clear, upfront information about their services, costs, and the steps involved in fixing credit reports. CROA also prohibits false promises to improve credit scores quickly or permanently and restricts companies from charging fees before services are completed. Overall, it aims to ensure transparency and fair treatment, helping consumers make informed decisions when seeking to improve their credit scores.