No, credit repair companies cannot charge upfront fees.
The Credit Repair Organizations Act (CROA) prohibits credit repair companies from charging any fees before they have actually performed the services they have promised. This means that you should never have to pay a credit repair company any money before they have helped you dispute any inaccurate information on your credit report.
If a credit repair company asks you to pay an upfront fee, it is a red flag that the company may be a scam. You should report any credit repair company that asks for an upfront fee to the Federal Trade Commission (FTC) or Consumer Financial Protection Bureau (CFPB)
MSI Credit Solutions is a credit repair company that does not charge upfront fees. We offer a free consultation to discuss your credit report and options for improvement. If you decide to work with MSI, we work on a month-to-month basis and only charge for services performed.
When considering credit repair services, it's vital to be aware of any upfront fees that could potentially indicate fraudulent practices. MSI Credit Solutions stands apart by adhering to the law and operating on a month-to-month basis. With our free consultation and commitment to transparency, you can trust us to assist you in improving your credit without charging upfront fees.