The short answer is Yes, credit repair is legal. But don’t just take my word for it, there are federal laws which prove that credit repair is legal. The government gave you, me and every other citizen of this country the right to legally challenge any information on our credit reports. Every negative account on your credit report must meet three very specific requirements or it must be removed:
Must be reporting 100% accurately
Must be 100% verifiable
Must be reporting within allowable timeframe Read More
That includes items like charge-offs, collections, student loans, judgments, tax liens, repossessions, foreclosures and any type of negative item you think of.
Yes, you absolutely have the right to attempt credit repair on your own or hire a professional credit repair company if you choose. To go a little further, hiring a credit repair company is legal, so don’t let anyone convince you otherwise. The Credit Repair Organizations Act is the law that governs the actions of credit repair companies to make sure you don’t get sucked in through false advertisement and illegal practices. So think about it, if using a credit repair company wasn’t legal, would there be a law passed to control the behavior of an industry that’s illegal.
That wouldn’t make sense, would it. Here is the link to check out the Credit Repair Organizations Act.