ReCredit Services Agreement Terms
The signer (hereinafter “Client”), hereby hires The ReCredit Company to perform credit services with the following terms and conditions:
This contractual agreement is by and between "the Client(s)" and The ReCredit Company, LLC, 1980 Festival Plaza Dr., Suite 300, Las Vegas, NV 89135, (650) 539-0800. DO NOT MAIL US YOUR DOCUMENTS. By signing this agreement, Client acknowledges that Client has read and fully agrees with all items of this contract which expires in 180 days.
Client understands and agrees as follows:
- ReCredit will provide a professional consultation. This consultation will take place within 10 business days of my signing the agreement and supplying all required credit reports. ReCredit will begin the dispute process immediately following the consultation.
The continuing fees for this service will be due each month in which you are active in the ReCredit service membership, as noted in the Fee Structure. - ReCredit will begin my case upon receipt of my signed and valid contract.
- The cost of ReCredit’s services range from $129 per month to $329 per month for standard (Gold) and advanced (Platinum) services. Elite (Diamond) level services are evaluated and price quoted on a case-by-case basis.
- I understand that debt negotiation and debt settlement are not a part of the ReCredit program and are considered separate services.
- The ReCredit Company offers education and credit services, including evaluating a consumer’s credit profile and executing appropriate strategies to improve the client’s credit score.
CLIENT SERVICE ACKNOWLEDGEMENT
Client has read and understands SEC 405 of the Credit Repair Organizations Act, attached to this package.
Client has provided RECREDIT with accurate information to the best of his/her knowledge in regards to the derogatory accounts of client’s credit report.
Client understands that the credit agencies will require proof of mailing address and identity. Client will provide RECREDIT legible copies of:
• Proof of address: current driver’s license, current utility bill showing Client’s name and mailing address (water, gas or electric) or a current bank statement.
• Proof of Social Security number (Provide 1 form): Copy of a social security card, W-2 or 1040 tax return.
• Proof of date of birth (Provide 1 form): Driver’s license, passport or birth certificate.
Client agrees to immediately notify RECREDIT of any change in address or other client contact information.
Client understands that debt negotiation and debt settlement are not a part of the program and are considered separate services.
Client agrees that if they were referred to RECREDIT by a mortgage company, auto dealer or any other entity that ran their credit within six months prior to my contracting RECREDIT, that Client gives permission to send referrer updates on his/her account unless specifically instructed against it in writing. Client hereby releases and holds harmless any referring entity against any and all claims against them as a result of the referral.
Client agrees to transmit electronically, or mail legible copies of all credit reports and/or correspondence received from Equifax, TransUnion, Experian and any creditors listed on credit report to RECREDIT within 3-5 days of receipt. If client has not received any credit reports or correspondence from the credit bureaus within 60 days after the date of the initial Credit Report Analysis/Audit, Client must notify RECREDIT. It is the recommendation of RECREDIT that Client agree to communicate with the credit reporting agencies and creditors only through RECREDIT during the credit project. Client understands that dispute letters drafted on Client’s behalf will be shredded 60 days after services are ended. It is the Client's responsibility to request these prior to being shredded. Client authorizes RECREDIT to discuss my case with client’s spouse, if applicable.
RECREDIT prepared letters may include client’s account number and/or Social Security number as required by creditors and credit bureaus in order to reference correct client account.
Client agrees to assist RECREDIT in obtaining credit report(s) from an online provider. This may include RECREDIT creating an account on client’s behalf with an online provider. Client assistance may be necessary in answering certain security questions regarding the identity and credit history of client if RECREDIT is unable to obtain report(s). The agreement is deemed to have been executed and performed exclusively in the United States and or Canada. Nevada law governs the application and enforcement of this Agreement.
LIMITED POWER OF ATTORNEY
By executing this contract to obtain The ReCredit Company Services, the “Client(s)” grants The ReCredit Company during the term of this contract, a limited power of attorney, by and through its authorized representatives, to:
1) use the Customer Information that the “Client” provided in order to obtain from credit bureaus, creditors, collection agencies and other holders of records of “Client’s” credit reports, “Client’s” credit history or other creditor information for the “Services.”
2) use “Client’s” name to sign correspondence addressed to creditors, record holders and credit bureaus.
3) obtain credit information over the telephone, fax, and or through the internet from record holders.
4) to discuss information with any record holders to help alter the verbiage of any credit-related items/trade lines in an effort to improve the client's credit rating.
The ReCredit Company acknowledges that its Authorized Representatives have been alerted to the sensitivity of the Customer Information. The ReCredit Company will use its best efforts to ensure that Customer Information will be handled in a responsible and professional manner. I have the right to revoke or terminate the limited power of attorney provided under this contract at any time upon written notice to The ReCredit Company. Otherwise, the limited power of attorney shall terminate upon termination of this contract. All questions pertaining to validity, interpretation and administration of this contract shall be determined in accordance with the laws of Nevada.
“Client” agrees that the “Client’s” limited power of attorney is valid throughout the United States. This contract contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
The contract is on a month to month basis lasting six months, with possible payments made as described below (FEES & WARRANTIES). The ReCredit Company will attempt to remove all inaccurate, erroneous and obsolete information from my credit reports. In order to comply with United States Federal Law and the Credit Repair Organizations Act (CROA), RECREDIT may only charge for services rendered. Therefore, RECREDIT shall not require or collect first payment prior to a consultation, which may include but is not limited to, education on the FICO scoring model, analyze/audit my credit reports and develop a plan to investigate, validate, and delete, correct or change those negative items which can be deleted. If the “Client” must cancel the “Services” and terminate this contract, the “Client” shall give 30 days’ prior written notice requesting such termination to The ReCredit Company, LLC. The “Client” is responsible for payment of any “Services” performed by The ReCredit Company, LLC up to the date of receipt of the notice to cancel such “Services,” in addition to charges for items removed through the last day of the month of “Services” in which the 30 Day Written Notice expires. “Client” accepts that RECREDIT will cease all new “Services” upon receipt of a written notice, but the “Client” will be charged for all removed/completed items from “Client’s” Credit Report for the entire calendar month in which falls the 30th day after the Written Notice of Cancellation is received.
FEES & WARRANTIES
ReCredit charges no upfront fees, and collects no retainers initially. Initial consultation fees are charged after the conclusion of that meeting. Private one-on-one consulting (Elite Service Level) include future charges that accrue for each item removed during the current calendar month,
calculated using the pre-approved price per line item established in the initial Consultation and noted in Client's Written Plan, and billed to “Client” on the last day of the month. Therefore, there is no reason for a refund after the use of our services.
Our Basic and Personal / Advanced level memberships include credit monitoring, consulting, and services that remove applicable negative items from the client's credit reports, occasionally add positive items, and introduce auxiliary services like our Authorized User program. During this membership period, the client has complete access to the progress being delivered on his/her behalf, and all services rendered within the month (28 day) time period are non-refundable.
“Client” accepts the premise that each consumer’s credit circumstances are unique, subject to the proprietary and secretive factors and formulas employed by the primary Credit Reporting Agencies, and that RECREDIT offers no guarantee for specific changes to any Credit Score.
Client further accepts that RECREDIT’s sole
responsibility is to remove erroneous, incomplete, outdated, misrepresented, or unverifiable information/items based on the strategic plan established during the initial consultation with “Client,” and noted in the written plan.
"The Client" must have not used a "Credit Service Organization" or attempted to repair his/her own credit in the past two years without notifying RECREDIT prior to starting a ReCredit case; failure to do so may damage the ReCredit case, cause extensive delays to completion and require additional fees.
There are no additional costs without a written notice. “Client” accepts the premise that each consumer’s credit circumstances are unique, subject to the proprietary and secretive factors and formulas employed by the primary Credit Reporting Agencies, and that RECREDIT offers no guarantee for specific changes to “Client” Credit Scores. Client further accepts that RECREDIT’s sole responsibility is to remove erroneous, incomplete, outdated, misrepresented, or unverifiable information/items based on the strategic plan established during the initial consultation with “Client,” and noted in their written plan.
However, we cannot promise a specific change in any credit score. "The Client" must have not used a "Credit Service Organization" in the past two years for the warranty to be in effect and "the Client" may not have attempted to repair his/her credit on his/her own in the past two years without notifying RECREDIT.
Cannot Guarantee – ReCredit guarantees that its staff will make every reasonable effort to improve the credit status of clients, primarily by removing negative items from each credit report.
By Law: RECREDIT cannot and will not guarantee any specific improvement to “Client” Credit Scores. With so many factors, such guarantees would be unethical and misleading.
I am hiring RECREDIT to perform credit services on my behalf. I am not purchasing specific results to my Credit records. Results may take six months, or up to a year or more for complicated projects. It is possible that deleted items may return. If such a rare circumstance were to occur, RECREDIT would continue working on its removal, or provide a refund for the initial value stated during the intake process.
CHALLENGES
As Consumer Credit Advocates, The ReCredit Company will challenge all items that I identify as being inaccurate, accurate but misleading, incomplete, outdated or unverifiable. RECREDIT may draft letters in my name for me to mail, make phone calls on my behalf or provide information to third-party websites believed to have a maximum potential to improve my credit rating.
These bureaus are required - by law - to delete listings that are found to be in any way inaccurate, misleading or unverifiable. I can attempt to contact creditors and bureaus directly, or hire RECREDIT to assist me in removing any such verbiage from my credit report. I must help with my case management by promptly forwarding all case related communications.
DISPUTE LETTERS
My relationship with RECREDIT might not be disclosed to the credit agencies during normal dispute activities. Challenges sent on RECREDIT letterhead would likely be disregarded. Therefore, the most common and effective method of contacting the credit bureaus, debt collectors or others will be to draft letters in my name, and signed on my behalf by RECREDIT.
ACKNOWLEDGMENT OF PROGRAM GUIDELINES
A. I understand that I may receive standard form letters and/or “junk mail” from the credit bureaus that may include messages claiming that I don’t have to use a credit repair company, or challenging me to send proof of identification. These are standard business tactics and marketing efforts involving every case. I will send copies to my case manager and disregard the content. Credit Agencies would likely resist the efforts of third party professionals. RECREDIT will motivate the credit bureaus to meet their legal obligations.
B. I understand that I must email any paperwork I receive from the three credit bureaus (TransUnion, Experian and Equifax) or creditors listed on my credit report to The ReCredit Company as soon as possible. For a simple solution, take a clear, high resolution photograph, and email each file (please inspect before sending).
C. I understand that RECREDIT will not permanently store copies of all case documents. For reasons of confidentiality and security, a very limited amount of information will be kept in my physical file for any length of time. Paperwork may be shredded, and digital files deleted when RECREDIT has completed my credit project. It is my responsibility to retain copies of paperwork.
D. I understand that I should not send original court documents or collection notices to RECREDIT - only COPIES of documents that will support my case (such as proof of payment, court dismissal documents, etc.). Emailing digital images will work if quality is verified before sending.
E. The ReCredit Company does not offer a “Quick Fix.” RECREDIT is not responsible for my current financial or credit status. The speed at which my credit restoration project proceeds is based on my prompt follow through with emails and files, and the processing time of various third party companies that is beyond our control. At no point before, during or after my credit restoration project is The ReCredit Company liable for any financial hardship or loss due to passing deadlines for personal financial crises such as, but not limited to tax liens, bankruptcy or foreclosure.
F. Predict, More or Less – I am hiring RECREDIT to perform credit services on my behalf. I am not purchasing specific results to my Credit Score. Results may take six months, or up to a year or more for complicated cases. It is possible that deleted items may return.
G. I agree to maintain timely monthly payments of my current credit obligations (i.e. – car loans, utility bills, mortgage payments, credit cards, etc.). Failure to maintain these payments will severely delay progress made by RECREDIT, and may incur additional expenses.
H. RECREDIT works with clients to evaluate each line item. The law may require legitimate items to remain for months or years before it is possible to file any sort of dispute.
All other items on my credit report are the result of one or more of the following reasons that pertain to the verifiability and/or lack of accuracy of that account:
• I do not recall the listings as they are being reported • I think that I may be a victim of ID Theft • These accounts do not belong to me • The status of the listings is not accurate • I do not believe these listings are verifiable • I was never late on the accounts • The items are incomplete.
ARBITRATION
All claims and disputes arising under or relating to this Agreement are to be settled through binding arbitration in the State of Nevada. The arbitration shall be conducted on a confidential basis pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Any decision or award as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all conclusions of law and fact and shall include the assessment of
costs, expenses, and reasonable attorneys' fees. Any such arbitration shall be conducted by an arbitrator experienced in credit repair disputes or any associated claims thereof and shall include a written record of the arbitration hearing. The parties reserve the right to object to any individual who shall be employed by or affiliated with a competing organization or entity. An award of arbitration may be confirmed in a court of competent jurisdiction.
RECREDIT prefers communication through e-mail. Clients should check email (and postal mail) at least daily. The DOMAIN NAME recredit.co will be added to my list of safe senders (not just a single email) in my email program to avoid false spam processing.
DO NOT MAIL US YOUR DOCUMENTS.
I 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. See the attached Notice of Cancellation form for an explanation of this right.
POWER OF ATTORNEY
I. PRINCIPAL AND ATTORNEY-IN-FACT
I hereby appoint the following person to serve as my attorney-in-fact, to act for me in any lawful way with respect to the subjects indicated below.
Name: The ReCredit Company, LLC
Address: 1980 Festival Plaza Dr., Suite 300, Las Vegas, NV 89135 - DO NOT MAIL US YOUR DOCUMENTS
II. EFFECTIVE TIME
This Power of Attorney shall become effective immediately and shall continue to be effective until completion of this credit restoration project or until I give written notice of cancellation to the address listed above.
SEVERABILITY CLAUSE
If any provision in this Contract shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality, and enforceability of the remaining provisions or obligations or of such provisions or obligations in any jurisdiction shall not in any way be affected or impaired thereby.
III. POWERS OF ATTORNEY-IN-FACT
My attorney-in-fact shall have the power to act in my name, place and stead in any way which I myself could do with respect to the following matters to the extent permitted by law:
The power to submit letters on my behalf to all credit bureaus and receive documents that relate to my credit and credit history; that shall include credit reports, prior dealings with creditors and verbiage on credit reports. Obtain, maintain and grant access to credit monitoring service. My attorney-in-fact is empowered to take all further action, including guidance on expenditures and the preparation and execution of all documents, as the attorney-in-fact deems necessary or appropriate. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on the date set forth upon submission of this electronic form.
CONSUMER RIGHTS – NOTICE TO CLIENT:
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., 20508.
This contract is month to month, and is enforceable provided client holds an active monthly membership with ReCredit Services. Notice shall not be considered received unless confirmation of receipt has been received by all parties.
I may cancel this contract without penalty or obligation at any time before midnight of the fifth day after the date on which I signed the contract.
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
