Do your homework find a company that works on a personal basis. Look at each credit repair company and compare their services that are being offered.

Know your rights. Credit repair services must follow specific guidelines set fourth in the Credit Repair Organizations Act. These laws were put in place to protect consumers when dealing with these organizations. You should receive an explanation of these rights before signing a written or signing an electronically contract over the internet.

You should receive a contract with all of the following information:

• The payment terms for the exact services being rendered, including their cost of each service performed, needs to be written on the contract.
• A detailed description of the services to be performed, is to be written on the contract.
• Any guarantees their company is offering needs to be written on the contract.
• The company's name and business address needs to be written on the contract.
• A cancellation policy with a grace period of no less then 3 days needs to be written on the contract.

Remember the grace period for this Federal law is 3 days in might vary from state to state. The credit repair company cannot perform any services for you until you've signed a written contract and completed a three-day waiting period. You may cancel the contract without any penalty and they must return your money within 2 weeks.