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Credit Repair Laws North Carolina

North Carolina’s credit repair laws ensure fairness and ethical conduct within the credit repair industry. With access to essential goods and services often hinging on loans, a significant portion of the population heavily relies on their credit score. 

However, for some individuals, the journey to securing loans is hindered by poor credit scores. That is why many are looking for credit repair services to improve their scores. As a result, the state has taken proactive steps to establish comprehensive credit repair laws. 

These laws not only serve to safeguard consumer interests but also uphold the values of ethical conduct within the credit repair industry. The aim is a balanced framework that strives to provide consumers with fair and reasonable credit repair services in North Carolina.


Surety Bond Requirement Under North Carolina Credit Repair Laws


Every credit repair business must maintain a surety bond to ensure financial accountability and safeguard consumer interests. The bond covers potential damages resulting from breaches of contract or violations of North Carolina credit repair laws. 

The amount set for the bond is $10,000. This provision empowers individuals who have suffered due to a credit repair business’s actions to seek damages through the bond.


North Carolina Credit Repair Laws Prohibited Acts


Credit repair laws in North Carolina establish a set of practices in which credit repair businesses are strictly prohibited. These practices aim to prevent consumer exploitation and maintain the integrity of credit repair services. Some of the prohibited practices include:


  • Charging consumers before the services outlined in the contract are complete
  • Charging for referrals to credit grantors without providing significant benefits
  • Making false claims about credit improvement
  • Providing misleading information to consumer reporting agencies or credit grantors, and
  • Engaging in deceptive acts or practices during the sale of credit repair services


Transparent Contracts Requirement 


Credit laws in North Carolina outline contractual requirements that credit repair businesses must adhere to. These requirements ensure that consumers clearly understand the services they are purchasing. Including their rights and their ability to cancel the contract. 

Contracts must be in writing, dated, and signed by the consumer. Moreover, contracts should include the following information such as:


  •  Payment terms 
  • A detailed description of services
  • Guarantees and promises of refunds
  • Credit repair business’s address and contact information


Additionally, consumers can cancel the contract within three business days after signing. And this cancellation right must be prominently displayed in the contract.



We aim to provide the most accurate information regarding North Carolina’s credit repair laws. However, please note that the laws may change any time. Therefore, we recommend researching for further information or consulting a lawyer or contact the State’s Attorney General if you have specific questions about credit repair laws in NC.

If you plan to launch a credit repair business in North Carolina, following these credit repair laws is crucial. Sticking to these rules ensures legal adherence and cultivates credibility, building trust with consumers seeking credit repair assistance.


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For credit repair laws all states, read here.