Credit Repair & Credit Monitoring Products

The flaws in the credit reporting system allow disreputable companies to prey on consumers desperate for solutions. NCLC advocates for better regulation of credit repair organizations that charge exorbitant fees for false promises to improve consumers’ credit scores. NCLC also opposes over-priced and over-marketed credit monitoring products which are inferior to to security freezes in protecting consumers from identity theft.

Myths and Facts About Improving Credit Repair State Laws

March 14, 2024

Credit repair organizations (CROs) claim they can help improve consumers’ credit records, but they rarely deliver. And they can charge consumers hundreds of dollars per month, sometimes for years. States are trying to strengthen protections, but credit repair industry has predictably responded with myths about why stronger protections are not needed.

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From the Digital Library

Fair Credit Reporting

The premier treatise on credit bureaus, tenant screening, background checks, and other reports, plus the latest U.S. Supreme Court rulings, CFPB interpretations, federal and state legislative changes, government enforcement actions, caselaw developments, and changes to industry practices.

Read Chapter One