Blog Big layout

The Credit Repair Organizations Act (CROA): Protecting Consumers and Ensuring Ethical Business Practices in Credit Repair

The Credit Repair Organizations Act (CROA) is a federal law enacted in 1996 to protect consumers from fraudulent credit repair practices. Credit repair companies must follow specific guidelines outlined in the law, including providing a written contract, making certain disclosures, prohibiting upfront fees, providing a dispute process, and prohibiting false promises.