Quick Points to Remember
Another sign that you’re dealing with a rip-off artist: The company
requires an up-front payment. Under the federal Credit Repair Organizations
Act, it is illegal for credit repair companies to charge you until after they
have performed their services.
By law, credit repair companies also must:
- inform you of your legal rights;
- give you a written contract that details:
- the services to be performed;
- how long it’s going to take to get results;
- the total cost to you;
- any guarantees that the company offers; and
- the fact that you have three days in which to cancel the contract at
no cost to you.
Next: Conclusion |
