Consumer Credit File Rights Under State and Federal Law
Know your Consumer Credit File Rights Under State and Federal Law.
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".
The Personal Credit Builder Program
Understand the program disclosures, limitations and refund policy.
Disclosures, Limitations and Refund Policy
Welcome to our Personal Credit Builder Program. It is important to understand the following terms and conditions before enrolling in our program. Our goal is to provide strategic and ethical credit-building services; however, we cannot guarantee specific results or timelines.
HOW MUCH IS THE PERSONAL CREDIT BUILDER PROGRAM?
There is an initial set-up fee of $250.00 due at the time of enrollment. There is a monthly program fee of $250.00 per month billed every 30 days after services begin.
HOW LONG WILL IT TAKE TO SEE RESULTS?
Our Program is designed to be 4-6 months. Some clients may require less time. Some may require more. Our program has a dual focus. Our primary focus is sharing strategic guidance on strengthening your credit profile based on where it currently stands. We focus on opportunities for you to build positive history within the data points considered to have the highest impact to lenders. Our secondary focus is to ensure that information being reported on your profile is accurate, ethical and legal.
We work strategically and intentional from the start. We strategize a personalized plan of action every 30 days based on the current status of your profile. We do not “slow pace” the process in order to keep our customers in the program and here is why you can trust that. One of the major differences between our personal credit builder program and many credit “repair” programs is that we have no interest or benefit in keeping you in this program longer than necessary. This service was specifically designed to help you increase your access to business funding and business credit products.
Our interests align with yours in wanting you to get to where you need to be in this program as soon as possible so that you can move into our primary services. You will only be in the program as long as it takes for us to support you in getting your personal credit profile where it needs to be. Our team is experienced, talented and hard-working. If you have questions ask. We want you to understand this process. We are in the business of building legacies. The transfer of information is s major part of that process.
WHAT IS THE CANCELLATION POLICY?
You can cancel at any time. There are no refunds on program payments that have already been made. If you choose to cancel, your program services will continue until the end of your current enrollment period. At the end of your current enrollment period, your program services will end and you will no longer be charged.
WHAT IS THE REFUND POLICY?
After 6 months of ACTIVELY participating in the program, we will provide a full refund if NONE of the following has occurred: If your credit score has not increased OR nothing has been removed from your report, OR your credit utilization has not improved by 10% or more. Actively participating in the program is defined as six months of consecutive on-time program payments, maintaining an active credit monitoring service membership, completing strategic action items within 60 business hours, NOT initiating duplicate disputes of items we are working on, NOT initiating credit profile activity without prior consultation from our company. Failure to comply with the active participation standards immediately forfeits your right to a refund.
WHAT WILL BE EXPECTED OF ME IN THIS PROGRAM?
You will be expected to take action. The majority of this process will be done for you on our end. However, there may be communication, processes or actions that you are required to take, either for effectiveness or based on laws and regulations. Those actions will be clearly communicated to you and the quicker that you take action, the quicker we can move along in the process.
DEFINITION OF ACTIVE PARTICIPATION
Actively participating in the program is defined as six months of consecutive on-time program payments, maintaining an active credit monitoring service membership, completing strategic action items within 60 business hours, NOT initiating duplicate disputes of items we are working on, NOT initiating credit profile activity without prior consultation from our company. Failure to comply with the active participation standards immediately forfeits your right to a refund.
CREDIT MONITORING SERVICE
You are also required to maintain a membership with a credit monitoring service that provides a detailed and updated credit reports and FICO scores across all three major credit bureaus every month. This is how we initiate, manage and monitor disputes, receive updated information to create monthly strategies and keep track of when your profile reaches the goal level. We have partnered with a monitoring company that meets the criteria and offers a reduced membership rate to our clients. The information to sign up with this company will be provided to you in your enrollment and onboarding forms. If you choose to use a different company, you must verify that it meets the requirements of the program standards.
ARE THERE ANY ADDITIONAL COSTS TO PLAN FOR?
We have partnered with a monitoring company that meets the criteria and offers a reduced membership rate to our clients. The information to sign up with this company will be provided to you in your enrollment and onboarding forms. If you choose to use a different company, you must verify that it meets the requirements of the program standards.
DISCLOSURES AND LIMITATIONS
No Guarantee of Specific Results:
Our personal credit program is designed to provide personalized strategies to improve your credit profile. However, we cannot guarantee specific results as each individual's financial situation and credit history are unique. Outcomes may vary based on numerous factors, including but not limited to, the accuracy of information provided, adherence to the program's guidance, and external financial behaviors.
Personalized Process:
There are no typical results with our program due to the highly personalized nature of our services. Each plan is tailored to your specific needs and circumstances, which means that your experience and results may differ from those of other clients.
Refund Policy:
After 6 months of ACTIVELY participating in the program, we will provide a full refund if NONE of the following has occurred: If your credit score has not increased OR nothing has been removed from your report, OR your credit utilization has not improved by 10% or more. Actively participating in the program is defined as six months of consecutive on-time program payments, maintaining an active credit monitoring service membership, completing strategic action items within 60 business hours, NOT initiating duplicate disputes of items we are working on, NOT initiating credit profile activity without prior consultation from our company. Failure to comply with the active participation standards immediately forfeits your right to a refund.
No Professional Financial or Legal Advice:
We are not financial consultants or attorneys. The information and guidance provided through our program are for educational purposes only and should not be construed as professional financial or legal advice. For specific financial or legal advice, please consult with a qualified professional.
Compliance with Laws and Regulations:
Our program complies with all relevant consumer protection laws and regulations, including the Truth in Lending Act (TILA) and the Fair Credit Reporting Act (FCRA) (Consumer Financial Protection Bureau). We strive to ensure all disclosures are clear and conspicuous, in line with industry standards.
By agreeing to participate in our program, you acknowledge and accept these disclosures and limitations.
The Business Credit Builder Program
Understand the program disclosures, limitations and refund policy.
Disclosures, Limitations and Refund Policy
Thank you for considering our Business Credit Builder Program. This is a 12 month program. Please review the following terms and conditions to understand the scope and limitations of our services.
No Guaranteed Results:
We do not guarantee specific improvements in your business credit profile or access to funding. The process of building business credit involves many variables, including your business’s financial health and the responsiveness of credit reporting agencies and creditors.
No Guarantees of Approval
We cannot guarantee approval for any credit accounts or loans. The decision to extend credit lies solely with the respective lenders or credit issuers, based on their criteria and assessments. We cannot guarantee specific financial outcomes or success.
No Refund Policy:
The fees charged for our Business Credit Builder Program are for the dedicated time, strategic planning, and effort our team provides to each client. As such, we do not offer refunds. This policy ensures our commitment to delivering high-quality, personalized service.
Commitment to Ethical Practices:
Our team continuously updates its knowledge of industry best practices, trends, and legal requirements. We are committed to providing ethical and effective strategies to help you build a robust business credit profile.
Service Agreement:
By participating in our Business Credit Builder Program, you acknowledge that you are paying for our expertise, effort, and strategic guidance, not for guaranteed outcomes. The process may take time, and results can vary based on numerous factors specific to your business.
Client Action Required
The effectiveness of our program heavily relies on client participation and action. Failure to address compliance issues or manage credit accounts as advised can stall the process and impact the desired outcomes.
Financial Responsibility
Clients are solely responsible for all financial decisions and obligations incurred through this program, including repayment of debts and any associated costs or fees.
For additional information on your rights and the legal standards applicable to credit repair services, please refer to the Credit Repair Organizations Act (CROA).
Funding Strategy Sessions
Understand the program disclosures, limitations and refund policy.
Disclosures, Limitations and Refund Policy
We provide our clients with Strategy Plans designed to enhance their ability to secure business funding. Our plans include a detailed examination of both personal and business credit profiles, tailored advice on building fundability, and strategic recommendations for applying for loans and lines of credit. It's important for our clients to understand the nature of our services and the extent of our responsibilities.
Limitation of Services
Please be aware that we are not financial advisors, attorneys, or tax professionals. The guidance and strategies we provide are based on our experience and expertise in the field of business funding. Our role is to offer insights and recommendations to improve your fundability and to strategize your approach to securing funding.
Client Responsibility
The decision to implement any part of the Funding Strategy Plan we provide rests solely with you, the client. It is your responsibility to consider the suitability of our recommendations considering your personal and business goals. We encourage you to consult with professional advisors, such as financial advisors, attorneys, or tax experts, before making significant financial decisions based on the strategy plan.
Non-Refundable Service
Our Funding Strategy Plan service, including the comprehensive review and the 60-minute consultation call, is a non-refundable product. By engaging our services, you acknowledge and agree that the fees paid for the Funding Strategy Plan are for the provision of our expertise, time, and insights, and cannot be refunded.
No Guarantees of Approval
While we strive to enhance your prospects for securing funding, LeDay Enterprises cannot guarantee approval for any loans or lines of credit. Approval decisions lie with the lenders and are based on their criteria, assessments, and discretion.
Borrowing Responsibly
We urge all our clients to borrow responsibly. Loans and lines of credit must be repaid in a timely manner according to the terms agreed upon with the lender. Failure to do so can negatively impact your personal and business credit profiles, affecting your future fundability and credibility.
For additional information on your rights and the legal standards applicable to credit repair services, please refer to the Credit Repair Organizations Act (CROA).
Business Funding
Understand Consultation Fees
Understanding Consultation Fees
There is no charge for your initial consultation as we review your goals and credit profile. Once you decide to move forward with consultation services, our consulting fee for company services is offered on a no contingency basis, with fee due if funding is approved by a participating lender, whether the client chooses to accept the loan or line of credit or not, or whether the client decides to activate the credit card or not. The Borrower agrees to pay the company a consulting and loan placement fee of 9.99% of the total funded loan amount which includes each loan, line of credit, and/or credit card within 24 hours upon receipt of funding. In the event, the Borrower does not pay within 24 hours, the Borrower consents that each loan, line of credit, and/or credit card may be closed and sent to collections. Borrower understands such activity will be reported to all credit bureaus and the entire balance with additional late fees shall apply and be due immediately. If you do not receive any approvals, you are not charged a consulting fee.
CONTACT INFORMATION
I Am Kim the Builder LLC
13575 58th Street N, Clearwater FL, 33760
hello@iamkimthebuilder.com