What is a “credit services organization” (CSO)?
Under chapter 393 of the Texas Finance Code, “credit services organization” means a person who provides, or represents that the person can or will provide, for the payment of valuable consideration any of the following services with respect to the extension of consumer credit by others: • improving a consumer’s credit history or rating; • obtaining an extension of consumer credit for a consumer; or • providing advice or assistance to a consumer with regard to Paragraph (A) or (B). CSOs are often identified as credit repair companies.
