2.Elaborate your three-day right to cancel without any charge.
3.Tell how long to expect to get results as promised.
4.Inform the total cost to be paid.
5.Explain any guarantees.
If a credit repair company doesn't abide by promises made, consumers have options.
1.Sue the credit repair company in federal court for the amount up to actual losses or for whatever amount that was paid, whichever is more.
2.Seek punitive damages, a punishment.
3.Join other people in a class action lawsuit against the company
The FTC warns that not all credit repair companies are legitimate, even if they claim to be 'non-profit'. The FTC advises contacting your financial institution or local consumer protection agency as good sources of information and referrals.
If filing bankruptcy, laws require that you get credit counseling from a government-approved organization within six months before filing for bankruptcy. A list of these approved organizations is available at www.usdoj.gov/ust. This listing is managed by the U.S. Trustee Program.
Accurate information on your credit report and in your credit history, is a part of your credit history. Therefore, it will remain on your credit report for seven years.
About the Author:
My name is Elizabeth Anderson a Financial Adviser at Zinu Credit Repair. It is a legitimate credit repair companies in US. That offers a free credit repair consultation, which includes a complete review of your FREE credit report summary and score. If you are looking for the best legitimate credit repair firms in your area. Please contact me.