What is a credit repair organization?[kred-it ri-pair awr-guh-nuh-zey-shuhn] n. an entity that provides any service, assistance, or advice in return for the payment of money or other valuable consideration, for the express or implied purpose of improving a consumer's credit record, credit history, or credit rating. 

While it may seem inconsequential to define exactly what it is to be a credit repair organization, it is very important because of the way credit repair organizations are legislated by the Credit Repair Organizations Act (CROA). 

Except for a few excluded entities such as creditors who are assisting customers with restructuring debts, any company or individual who offers a credit restoration service or even offers advice such as a credit repair kit in exchange for payment is required to abide by CROA. As a consumer, this means you have certain rights that need to be respected when working with anyone to repair your credit.Make sure a credit repair organization values your rights. Fincancial Education Services prides itself on operating in strict compliance of the Credit Repair Organizations Act. While some other companies may toe the line by promising good credit, accepting upfront payments, and not expressly informing customers of their right to repair their credit on their own, Lexington Law works hard to inform you of and to protect your rights when it comes to your credit.