ReCredit Payment Agreement Terms
The signer (hereinafter “Client”), hereby hires The ReCredit Company to perform credit services with the following payment terms and conditions:
The contract is on a month-to-month basis, 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 15 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 15 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. Membership is on a month-to-month basis. 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 credit reports and/or develop a plan to investigate, validate, delete, correct, or change those negative items which can be deleted. In order to comply with United States Federal Law and the Credit Repair Organizations Act (CROA), RECREDIT may only charge for services rendered, meaning fees / dues charged on or after the 28th day following completion of the enrollment process and initial services (listed above) rendered. 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.
Payment information is collected at the beginning of the contract, but clients are not charged until the 28th day following the completion of the enrollment process, or when services are rendered – whichever is first. This delay satisfies requirements outlines in the Credit Repair Organization Act (CROA).
