Is Credit Repair Legal?

Yes, credit repair is 100% legal. The government realized that many consumers were at a financial disadvantage because of errors that appeared on their reports. Congress enacted the Fair Credit Reporting Act (FCRA) in 1970.* In 1996, amendments to FCRA expanded the responsibilities of data furnishers, prohibiting them from knowingly providing inaccurate consumer information to a (CRA) Credit Reporting Agency in certain circumstances.**

The Fair and Accurate Credit Transactions Act (FACTA) was passed in 2004 to further protect our rights and provide public awareness on credit reporting. Prior to this it was very difficult for someone to access his or her credit information. Thanks to the "Fact Act" we are now able to access one free credit report per year from AnnualCreditReport.com.

*Pub. L. No. 91-508, (15 U.S.C. § 1681 et. seq.).
**Consumer Credit Reporting Reform Act of 1996, Pub. L. 104-208, 110 Stat. 3009-426