Required Disclosure

Consumer Credit File Rights Under State and Federal Law

This is the disclosure the Credit Repair Organizations Act (15 U.S.C. § 1679c) requires every credit repair organization to provide before a contract is signed. Have this exact wording confirmed by counsel for your state before it's relied on for a real enrollment.

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 within 60 days, if you are a recipient of public welfare assistance, or if you have reason to believe that your file at the credit bureau contains inaccurate information due to fraud.

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 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 must 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 explaining why you think the record is inaccurate. The credit bureau must include your statement about disputed information in a report it issues about you.

You have a right to request in the credit bureau to send notices of corrections deleting erroneous information to any creditor who has received your report in the past 6 months. You can have a corrected copy of your report sent to anyone who received a copy during the past 2 years for employment purposes.

If a credit bureau reinserts previously deleted information in your file, it must notify you in writing within 5 business days, unless you have specifically asked not to be notified.

You may request that a credit bureau provide a summary of consumer rights required by federal law along with any credit report you obtain.