Credit Repair is a highly regulated industry. It’s regulated to protect consumers during times of financial crisis from unscrupulous operators.
Mobile, Alabama (PRWEB) March 31, 2016
“Many states require their own specific state disclosure to be included in the contract between the credit repair company and the consumer in addition to the disclosures required by the federal credit repair organizations law. By including these important disclosures as a part of the contract process, the credit repair company and its owner will be meet these important requirements,” according to industry attorney Robby Birnbaum of the Greenspoon Marder law firm. Birnbaum went on to state, “It is important to make sure that the disclosures are not only correctly drafted, but also provided to the prospective customer at the correct time. As such, companies should be careful to make sure they get this right and if they have questions consult with their legal counsel.”
“Credit Repair is a highly regulated industry. It’s regulated to protect consumers during times of financial crisis from unscrupulous operators.” According to Joel Pate, President of Scoreinc.com. The US government enacted the Credit Repair Organizations Act in 1996. Since then, many states have passed into law their own laws and regulations governing Credit Service Organizations, more commonly known as “CSO’s”.
Scoreinc.com is a member of the credit repair industry’s leading trade association, the National Association of Credit Service Organizations or more commonly known as NACSO. Scoreinc.com encourages every credit repair company to be a member and to support the association both financially and with their time.
Scoreinc.com provides Software as a Service, Dispute Process Outsourcing, Training, Education, Mentoring and Coaching to the Credit Repair Industry. Score was formed in June, 2010 and is now the largest and most respected provider of services to the Credit Repair Industry. Company Website: http://www.scoreinc.com Telephone: 877-876-5921.