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Credit Repair

FAQS on Repairing Your Credit (Ohio)
Includes questions to ask credit repair agencies and what to do if you can't pay your bills.

Negotiating With Creditors (Consumer-SOS)

Credit Repair: You Can Do It Yourself (Ohio)

Credit Services Organization Act (Ohio)
Mandates registration and bonding for organizations that offer credit repair, debt counseling or related services. Gives consumers a three-day right to cancel contracts with credit service organizations.

Debt Adjusters Act (Ohio)

• Set rules and regulations for nonprofits and other businesses that offer credit repair services, debt counseling, budget management and related services to consumers facing financial difficulties.   
• Requires debt adjusters to file annual financial statement with the Attorney General's Office.
• Requires debt adjusters to submit funds to creditors within 30 days of receipt, maintain separate trust accounts for these funds, and maintain $100,000 insurance coverage.
• Prohibits debt adjusters from accepting more than $75 for initial consultation, accepting more than $100 annually for consultation fees or contributions or charging more than 8.5 percent of amount paid by debtor each month or $30, whichever is greater.