that you’ve put in the time and effort required to become an expert in the field of credit repair and that you can effectively help them increase their credit scores. The Credit Secrets book and the Credit Restoration Cloud course Credit Hero Challenge were my entry points into the world of credit repair.
Useful Credentials for Credit Repair Experts
Getting certification in credit restoration is possible after attending one of many courses. You may acquire certification to do credit repair by enrolling in one of many available courses.
BCCC: In order to get started in the credit repair industry, the board-certified credit consultant (BCCC) provides excellent CRO training.
Credit Restoration Cloud: It is a software provider that also provides an online certification program in the field of credit repair.
There is also an online credit repair certification course available via the ICFE Certified Credit Repair Specialist.
Udemy: Credit Repair Expert teach a variety of courses on Udemy. There’s even instruction on how to launch your own credit repair operation.
Find Out About Consumer-Protecting Credit Laws
One must be familiar with consumer protection rules before offering credit repair services. The Fair Credit Reporting Act (FCRA) is a federal legislation that defines consumer rights in regard to credit reports and governs credit reporting practices. The Fair Debt Collection Practices Act (FDCPA) is a consumer protection law that you should study as well.
Another piece of federal legislation you should be familiar with is the Credit Repair Organizations Act (CROA). Credit repair businesses are subject to strict guidelines thanks to this regulation, and consumers are given certain protections. Lawmakers are becoming tougher as more credit repair businesses break the rules. Thus, it is in your best interest to maintain a high level of expertise in this law area and provide maximum consumer protection.
Credit Repair Legislation by State
You shouldn’t only focus on federal regulations; you should also learn about state rules that govern credit restoration. Knowing what is and is not legal in your jurisdiction when it comes to credit repair is essential. For brand new consumers, California law (and those of many other jurisdictions) stipulates that credit repair businesses can’t demand money before providing the promised services.