Consumer Credit File Rights Under
State and Federal Law.
Important - Read This Before Signing Any Contract
The following is a summary of rights that federal law requires every credit repair organization to provide to consumers before signing a contract for services. You are entitled to a copy of this disclosure to keep. If you engage our services, we will also provide it to you in writing as part of the signed Client Services Agreement.
You Have a Right to Dispute Inaccurate Information Yourself
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 Do Not Have to Pay Someone
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 once every 12 months from each of the nationwide credit bureaus at AnnualCreditReport.com.
You Have a Right to Sue
You have a right to sue a credit repair organization that violates the Credit Repair Organizations Act. This law prohibits deceptive practices by credit repair organizations.
You Have a Right to Cancel
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
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
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
Additional Federal Protections Under CROA
Under the Credit Repair Organizations Act, a credit repair organization cannot:
- Charge or receive any money or other valuable consideration for services before those services are fully performed
- Make any statement or counsel or advise you to make any statement that is untrue or misleading to any consumer reporting agency or to any person who has extended credit to you
- Make or use any untrue or misleading representation of the services of the credit repair organization
- Engage in any act, practice, or course of business that constitutes or results in the commission of, or an attempt to commit, a fraud or deception on any person
Every contract with a credit repair organization must be in writing and must include: (1) a complete and detailed description of the services to be performed; (2) the total amount to be paid; (3) an estimate of the date by which the services will be performed or the length of the service period; (4) the credit repair organization's name and principal business address; and (5) a conspicuous statement of your right to cancel.
Our Commitment: BSG Credit Solutions operates in full compliance with CROA. We do not collect fees before performing services, we do not make false guarantees, and we do not advise clients to submit misleading information. Every client receives a written contract, a copy of this disclosure, and a cancellation form before any work begins or any fees are charged.
Contact
BSG Credit Solutions
A division of Bender Strategic Group LLC
Dallas, Texas
Email: info@bsgcreditsolutions.com
Email: info@bsgcreditsolutions.com