Terms and Conditions
Agreement
This agreement is in response to the undersigned (hereby referred to as “the Client(s)”) desire to hire Credit Source One, LLC. By signing this agreement, “the Client(s)” agrees that they read and fully agree with all terms contained in this contract. This agreement covers all representations made by Credit Source One, LLC and “the Client(s)” and can only be modified in writing by both parties. If “the Client’s)” has any addendums or changes, “the Client(s)’ must contact us with modifications before signing this contract.
We are a consulting firm that works with consumers with less than perfect credit. We have successfully helped many clients improve their credit in the shortest time possible.
This agreement is by and between “the Client(s)’ and Credit Source One, LLC, located at 2450 E. Chandler Ave., Suite 1, Las Vegas, NV 89120 / Phone (702) 309-2745.
By clicking on "I Agree To Terms and Conditions and Wish To Get Started", Client agrees that it has read and fully agrees with all items on this contract.
Client agrees as follows:
- Client has read and understands SEC 405 of the Credit Repair Organizations Act.
- Client has read and understands this agreement in it’s entirety.
- Client understands that debt negotiation, removal of negative items and debt consolidation are not part of the fee listed above and are considered separate services, those services will be contracted for with a separate agreement from agreement.
Client agrees that if they were referred to us by a mortgage company auto dealer or any other entity that ran their credit within 6 months prior to client contracting us, that client gives us permission to send Client’s referring entity updates on Client’s account unless client specifically says not to in writing. Client acknowledges and agrees that referral to us by Clients referring entity with respect to the services to be provided by us as contemplated within this agreement. The Client hereby releases and hold harmless the Clients referring entity against any and all claims it may have against them or it as a result of the referring entity’s referral to us.
Credit Source One, LLC will dispute items listed on Client(s) credit report that they feel is not 100% accurate. The Client wishes to be set-up in the database using one or more of the reasons listed below in the event of future dispute or telephone negotiation on client(s) behalf.
- These accounts do not belong to me.
- I was never late.
- I think that I may be a victim of ID Theft.
- I do not believe these listings are verifiable.
- I never authorized the inquiry.
- I do not recall the listings as they are being reported.
Client understands that credit listings that are accurate will remain on the consumer credit report(s) until the agency removes them.
The Client(s) understand that the company cannot guarantee a specific outcome or accurately predict how long the process will take. Items that are disputed can take as long as 12 months. The Client(s) will receive correspondence from the credit agencies within a 15 to 45 day period.
You may cancel this contract without penalty or obligation at any time before midnight of the 5th business day after the date on which you signed the contract.
Pricing and Warranties
We offer a free credit profile evaluation. Consulting fees's for credit restoration & counseling, debt settlement, loan modifcation, loss mitigation and other financial hardships are based on the complexity of your case file.
In accordance with federal and state laws, Credit Source One charges our fees only after we have satisfactory counseled you. We will perform a credit evaluation, counsel you on all aspects of credit reporting and set you up in our advance data base system. You will then receive an email with login and passwords, which will allow you to review work that has been completed. Additionally you will recieve a series of educational emails that will help promote regular maintenance of your credit profile.
For items we are retained to remove in the future, Credit Source One, LLC agrees to give 100% refund to “the Client(s)” if we do not improve “the Client(s)” credit. “Improve “ shall be defined as removing at least 25% of negative items we hired to remove from the credit bureaus within six months from the date of contract when client hires us for full credit restoration services. “The Client” must have contracted us to have four or more negative items removed in order to qualify for the Warranty. “The Client(s)” also agrees that collections and charge-offs accounts with balance are not included in the warranty. “The Client(s)” must mail an updated credit report from each of the three major credit bureaus: Trans Union, Equifax, and Experian, every forty-five (45) days for the warranty to apply. The warranty only applies to items we are contracted to remove by “the Client(s)”. Any negative items on the credit report added after we are retained, is not included in the warranty and will require an additional fee for us to attempt to remove.
CREDIT REPAIR ORGANIZATIONS ACT
SEC. 405. DISCLOSURES.
(a) Disclosure Required.--Any credit repair organization shall provide any consumer with the following written statement before any contract or agreement between the consumer and the credit repair organization is executed:
Consumer Credit File Rights under State and Federal Law.
You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any ''credit repair'' company or credit repair organization has the right to have accurate, current, and verifiable information removed from your credit report. The credit bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for 10 years.
You have a right to obtain a copy of your credit report from a credit bureau. You may be charged a reasonable fee. There is no fee, however, if you have been turned down for credit, employment, insurance, or a rental dwelling because of information in your credit report within the preceding 60 days. The credit bureau must provide someone to help you interpret the information in your credit file. You are entitled to receive a free copy of your credit report if you are unemployed and intend to apply for employment in the next 60 days, if you are a recipient of public welfare assistance, or if you have reason to believe that there is inaccurate information in your credit report due to fraud.
You have a right to sue a credit repair organization that violates the Credit Repair Organization Act. This law prohibits deceptive practices by credit repair organizations.
You have the right to cancel your contract with any credit repair organization for any reason within 3 business days from the date you signed it.
Credit bureaus are required to follow reasonable procedures to ensure that the information they report is accurate. However, mistakes may occur.
You may, on your own, notify a credit bureau in writing that you dispute the accuracy of information in your credit file. The credit bureau must then reinvestigate and modify or remove inaccurate or incomplete information. The credit bureau may not charge any fee for this service. Any pertinent information and copies of all documents you have concerning an error should be given to the credit bureau.
If the credit bureau's reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the credit bureau, to be kept in your file, explaining why you think the record is inaccurate. The credit bureau must include a summary of your statement about disputed information with any report it issues about you.
The Federal Trade Commission regulates credit bureaus and credit repair organizations. For more information contact: The Public Reference Branch Federal Trade Commission Washington, D.C. 20580'.
