Are there any laws that protect me and my credit history?
Yes, there are laws that protect you and your credit history in Massachusetts. The Credit Repair Organizations Act (CROA) is a federal law that specifically protects consumers from deceptive practices by credit repair organizations. The CROA requires organizations to provide consumers with a written disclosure of their rights prior to signing any agreement. The CROA also requires credit repair organizations to provide consumers with a three-day cooling off period to cancel any contracts. Additionally, the Massachusetts Consumer Protection Act (MCPA) prohibits deceptive acts and practices by credit repair organizations. The MCPA prohibits false advertising and requires that credit repair organizations provide customers with all of the information they promise in their advertising. The MCPA also requires credit repair organizations to inform customers of any additional fees that may be charged. Finally, the Massachusetts Fair Credit Reporting Act (FCRA) provides consumers with a right to access the information contained in their credit reports. It also allows consumers to dispute any inaccurate information contained in their reports. The FCRA requires that any corrections or changes be made within 30 days of the date of the dispute. In short, Massachusetts has several laws that are designed to protect consumers from deceptive practices by credit repair organizations. Be sure to read all contracts carefully and ask questions about additional fees and services before signing any agreements.
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