Credit Services Organization

Consumer Credit Capital is a Registered Credit Services Organization with the State of Texas. Credit Services Organizations in Texas are governed by Chapter 393 of the Texas Finance Code and the Texas Secretary of state's administrative rules found in Texas Administrative Code Chapter 74.

A Texas Credit Services Organization is a person who provides services to improve a consumer's credit history or rating or obtains an extension of a consumer's credit or provides advice to improve a credit score or extend a consumer credit. A Texas Credit Services Organization or CSO is often called a Texas Credit Repair Company.

The Texas Attorney General has recognized the importance of good credit standing to obtain competitive interest rates on loans and major purchases. Texas also recognizes the costs of poor credit and the obstacles it creates.

If circumstances create bad credit it is worth the effort to repair the bad credit but it takes time. No one can remove accurate and timely negative information. If you are in over your head and live in Texas the law there provides for you to ask for help. You can work with your creditors and ask them to work with you to reschedule your payments. You can ask them to waive a payment. Or you can consider going to a credit counselor or a credit repair company a Credit Services Organization CSO.

Whatever you do proceed with caution. If you have poor credit you may be tempted by a company offering to erase your bad credit for a fee. You can not erase accurate and timely payment history.

Consumer Credit Capital is registered as a Credit Service Organization CSO. File Number 20100062. As a Credit Services Organization we must be registered with the state of Texas and registration must be under the rules governing a Credit Services Organization in the State of Texas. Consumer Credit Capital has posted a surety bond with the State of Texas in the amount of $10,000.00. This surety bond is in favor of the State of Texas for the benefit of any person damaged by any violation of Chapter 394 Finance Code

In addition to posting a surety bond as a Texas Credit Services Organization we provide our clients with a written contract for services, dated, and signed by the consumer. Tex. Fin. Code § 393.201. The contract contains the payment terms, a description of the services the to be perform, an estimated period for performing the services, the address of the Credit Services Organization's principal place of business, and the name and address of the Credit Services Organization's registered agent. Id. The written contract also notifies consumers of their right to cancel within three days after signing the contract. Tex. Fin. Code § 393.202.

If you have a problem with a Credit Services Organization you may report the problem to the Federal Trade Commission. The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. Complaints with the FTC may be filed online or by calling 1-877-382-4357.