The one helpful part of the entire law is that it requires credit repair organizations to disclose your right to communicate with credit bureaus on your own. If something on your credit report is wrong, you can tell the credit bureaus to fix it, directly, for free. Here is a helpful link from the FTC on this topic: How to Dispute Credit Errors. Soon, a new federal regulation will also help consumers dispute errors on their credit reports, directly with their creditors, rather than the credit bureaus.
So can these groups help you? Probably not much more than you can help yourself. According to Congress, if you hire a bad credit repair organization, they may even impose a financial hardship. If you have already hired a credit repair organization and you are unhappy, contact a lawyer, other than the author of this article. That lawyer may be able to advise you of your rights. Also, consider contacting the FTC. The FTC recently settled charges against a credit repair organization and its principals after alleging they collected fees in advance and failed to keep their promises to improve credit.
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