What is the primary purpose of the Credit Repair Organizations Act (CROA)?

Which of the following practices is prohibited under CROA?

How many business days does a consumer have to cancel their contract with a Credit Repair Organization (CRO) without penalty?

How long should a CRO retain records of their contracts and communications with consumers?

True or False: Credit Repair Organizations (CROs) are allowed to charge consumers for services before they are delivered.

True or False: CROs must disclose their fee structure and billing practices in the contract provided to consumers.

True or False: Consumers have the right to cancel their contract with a CRO within five business days without any penalty.

True or False: CROs are allowed to misrepresent their affiliation with credit bureaus to gain consumer trust

True or False: Regular employee training is not necessary for CROs since they are not directly responsible for compliance.