The Credit Repair Organizations Act (CROA) course.

Welcome to the Credit Repair Organizations Act (or “CROA”) course at Credzu University.

The CROA is a federal law that regulates the activities of credit repair companies, nationwide. The CROA prohibits certain behavior and imposes certain obligations on credit repair companies.

This course covers:

  • The history of consumer harm that lead to the passage of the CROA.
  • The legislative history of the CROA.
  • What the CROA says (and how its interpreted)
  • What you can and should do in order to come into compliance with the CROA.

By the end of this course, you will have a better understanding of the CROA and how your company can comply with it.

About the Credit Repair Organizations Act course.

1
Video introduction to the Credit Repair Organizations Act course.
2:00

This video lesson introduces you to the Credit Repair Organizations Act course.

2
Credit Repair Organizations Act course expectations.
2:00

This lesson explains what you should expect to learn from the CROA course.

3
Credit Repair Organizations Act course disclosures.
1:30

This lesson explains that this course is compliance education, not legal, tax, or financial advice.

4
Credit Repair Organizations Act course instructors.
3:00

This lesson introduces you to the instructors of the course.

5
Credit Repair Organizations Act course introduction quiz.
2 questions

This quiz makes sure you understand the introduction to the course.

Legislative history of the Credit Repair Organizations Act.

1
History of consumer harm.
5

A significant history of consumer harm caught the attention of Congress.

2
Passage of legislation.
3

This lesson explores the legislative history of the Credit Repair Organizations Act.

Findings and purposes of the Credit Repair Organizations Act

1
Findings by Congress.
2

This lesson reviews Congressional findings in the Credit Repair Organizations Act.

2
Congressional intent.
2

This lesson explores the purposes of the Credit Repair Organizations Act.

Definitions in the Credit Repair Organizations Act

1
Definitions in the Credit Repair Organizations Act
3

This lesson presents the definitions contained in the Credit Repair Organizations Act.

2
The CROA applies only to interstate credit repair.
4:00

This lesson covers the "interstate commerce" provision in the definition of a credit repair organization.

3
Merely representing that you improve credit can trigger CROA.
4

This lesson explores the meaning of the word "represent" in the definition of a credit repair organization.

4
Compensation is required in order for the CROA to apply.
3

This lesson explains why compensation is required in order to trigger the Credit Repair Organizations Act.

5
Express or implied representations of improvement trigger CROA.
3

This lesson explains that the CROA covers "express" and "implied" representations of credit improvement.

6
Providing “advice and assistance” in improving credit is the same as improving credit.
4

This lesson covers "advice or assistance" terms in the CROA.

7
Exemptions to the definition of a credit repair organization under the CROA.
8
Credit Repair Organizations Act quiz on definitions.
7 questions

This quiz tests the student's knowledge of CROA definitions.

Prohibited practices

1
Providing credit repair services without a contract and before a cooling off period.
3

This lesson explains that two conditions must be met before credit repair service can begin.

2
Making untrue or misleading statements.
2:30

The lesson explains that the CROA prohibits you and your clients from lying to certain people about certain topics.

3
Making identity altering statements.
3

This lesson explains that CROA prohibits file segregation.

4
Committing a fraud or engaging in deception.
5

This lesson explains that the Credit Repair Organizations Act prohibits fraud and deception.

5
Payment in advance of services.
10

This lesson explores advance fee prohibitions in the Credit Repair Organizations Act.

6
Credit Repair Organizations Act quiz on prohibited practices.
3 questions

Disclosures

1
Consumer Credit File Rights Under State and Federal Law
5

This lesson reviews the requirements for the Consumer Credit File Rights Under State and Federal Law.

2
Credit Repair Organizations Act quiz on the Consumer Credit File Rights Under State and Federal Law
5 questions

This quiz evaluates your knowledge of the Consumer Credit File Rights Under State and Federal Law and the statutory requirements surrounding it.

Credit repair organizations contracts

1
Credit repair contracts must be in writing.
1:30

This lesson explains why credit repair agreements must be in writing.

2
Terms and conditions of payment.
3
A full and detailed description of the services.
4
The credit repair organization’s name and principal business address.
5
A statement disclosing consumer’s right to cancel.

Right to cancel contract

1
Lessons coming soon.

Noncompliance

Civil liability

Administrative enforcement

Statute of limitations

Relation to State law

Failed loopholes and arguments

1
CROA does not encroach on First Amendment rights.
2
CROA requirements are not waivable.
Every credit repair organization in the United States. This might sound rough, but if a credit repair organization cannot pass this course, it probably should not be operating credit repair in the United States. The Credit Repair Organizations Act is quite literally the law of the land.
We walk you through the history of consumer harm that resulted in the passage of the Credit Repair Organizations Act. Then, we walk you through - from top to bottom - the CROA's text. At each stop along the way, you will learn what the words in the CROA mean as well as how courts have interpreted them.
You could theoretically complete the course within a few hours. However, a week is a reasonable time to complete the course. And, we've set a timeline that you have to complete it within 30 days (otherwise, it starts over from the beginning).

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Course available for 20 days
Enrolled: 0 students
Lectures: 29
Level: Intermediate

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Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed
The Credit Repair Organizations Act (CROA) course.
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