CREDIT RX AMERICA LLC
STATE DISCLOSURE
1. Complete and Detailed description of Services to be performed by Credit
RX America LLC, et
al, hereinafter referred to as "CRA". Our services are "Ala Carte" and you
only pay for what you
ask to be disputed after it has been updated.
CRA's services include assisting you in disputing inaccuracies,
misstatements, misleading or
unverifiable information and other incorrect information reported on your
credit reports. CRA
does not offer credit to consumers or lend money. Pursuant to the terms of
this Service
Agreement, CRA shall provide the following services: With No upfront Fees,
No Startup Fees,
No Monthly Fees. Credit RX America LLC does not offer credit to consumers or
lend money.
You, the buyer, may cancel this contract at any time before midnight of the
fifth day after
the date of the transaction. See the attached notice of cancellation form
for an explanation
of this right.
Pay Only For Results Plan:
Fee of $99.00 per (Standard) item updated or deleted from each credit
(bureau) file (or $89.00 if you
sign up with your spouse and work on both of your credit files at the same
time). Standard items
include (Inaccurate, untimely, unverifiable): Collections, Charge-offs,
Repossessions, Medical Bills,
Late Pays, Foreclosures, Bankruptcies, and Judgments. Fee(s) are earned as
each delete occurs.
Optional Credit Services:
Optional Disputing Credit Inquiries on your Credit Report: Fee of $50
for each Inquiry from each credit reporting agency. Payment due to CRA upon
the
correction/removal of each inquiry.
Optional Identity Protection-Credit Freeze: Fee of $50 for each Identity and
each credit reporting
agency. Payment due to CRA upon CRA preparation and mailing the request for
credit freeze(s) to
CRA(s).
Discounts that may be applied:
1) Active military service personnel discount in the amount of 10%
(with presentation of valid active duty military ID) off all billed services
listed above.
If you, the Client, seek additional services not contained in the Program
you selected, a separate
agreement may be required.
2. Six (6) Month Contract term.
As the particular issues involved in each individual case vary from case to
case, we cannot
guarantee a specific outcome or accurately predict how long it will take. As
such, the dispute
process may take more or less than twelve months. On average, clients remain
active for 6 to 8
months, although for each individual case, this average can be reduced or
extended based upon
the promptness of the client to forward necessary information and upon the
number and
Circumstances of the issues being disputed on the individual's credit
report. However, most state
laws only allow a 6 month contract, in other states this contract will
automatically renew without
a written notice from client canceling automatic renewal prior to the date
of the original 6 month
term expiration.
3. Total Cost for Services
The total amount charged to you will depend on how many items on your credit
report(s) you
choose to have us correct or have investigated. CRA charges you after an
item is
deleted/corrected. This payment covers all of the work fully and completely
rendered as
described in Paragraph 1, CRA's Scope of Services, and section titled "pay
for results", "Optional
credit services" and "Identity Protection" are due at the completion of each
deletion/correction
or Optional service completed.
4. Surety Bond
Certain States require a statement by CRA informing the consumer about CRA
obtaining and
maintaining a bond and a place of business within the State. However, due to
the fact that CRA
bills consumers only after services are completed, CRA and certain
subcontractors may not
maintain a bond in any State nor a Headquarters in any State other than
Wyoming.
5. Non-Profit Credit Counseling Services Notification
Consumers should be aware that non-profit credit counseling services are
available which
provide a range of financial and money management services. Additional
information is
available at the Federal Trade Commission website.
6. Consumer Credit File Rights Under State 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 5 business days from the date you signed it. If for any reason you do
cancel the contract
during this time, you do not owe any money.
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
Specific State disclosures:
Applicable to residents of the referenced states. If no numerical reference
is made next to the
state abbreviation, ALL disclosures that follow apply for that stat):
You also have the right to contact your own state authorities that regulate
credit bureaus and
credit services organizations.
Definitions:
All State references to credit reporting organizations are renamed herein as
credit bureaus; all
State references to credit repair organizations are renamed herein as credit
services
organizations.
Note:
Certain States require a statement by CRA informing the consumer about CRA
obtaining and
maintaining a bond and a place of business within the State. However, due to
the fact that CRA
does not require a Contract for any duration of time with the consumer and
the fact that CRA
bills consumers only after services are completed each month, CRA and
certain subcontractors
do not maintain a bond or a place of business in any State other than
Virginia, North Carolina,
and Wisconsin.
AZ, AR, DE(1), IN, IL(5), MA, MD, MO, NB, OK, OR, NH, PA(5), TX(5), WA,
UT, VA:
Regarding Credit Bureaus:
(1) the credit bureau must provide a complete and accurate statement of the
consumer's right to
review any file, as reported in the Fair Credit Reporting Act (15 U.S.C.A.
§1679 et seq) and
(Federal Fair Credit Reporting Act (15 USC §1681g);
(2) the credit bureau must provide a statement that a review at no charge
will be conducted on
the consumer's credit report from which a credit denial is based if
requested within thirty (30)
days of the consumer receiving a notice of credit denial;
(3) the credit bureau must provide the approximate price the consumer will
be charged for a copy
of his or her credit report;
(4) the credit bureau must provide a complete and accurate statement of the
consumer's right to
dispute the completeness and accuracy of any item contained in any file on
the consumer
maintained by the credit bureau;
(5) a nominal charge may be imposed on the consumer by the credit reporting
agency for a
copy of the consumer report if the consumer has not been denied credit
within 30 days from
receipt of consumer's request.
Regarding Credit Services Organizations and CRA:
(6) CRA provides a complete and detailed description of the services
performed and the total
fees charged by CRA within the Credit Report Audit Verification, Service
Agreement
accompanying this disclosure statement, and by this reference, made a part
of this Disclosure
Statement.
CA, IN(4), KS(4), LA(4), MO(4), NB(4), WV(4):
Regarding Credit Bureaus:
(1) You may be charged a reasonable fee not exceeding eight dollars ($8) for
a credit report;
Regarding Credit Services Organizations and CRA:
(1) Neither you nor any credit services organization has the right to have
accurate, current, and
verifiable information removed from your credit report;
(2) If for any reason, you cancel the Service Agreement with the credit
services organization
within the three days from the date you signed the Service Agreement, you do
not owe any
money;
(3) You have a right to sue a credit services organization if it misleads
you;
(4) You have the right to obtain the services of a nonprofit credit
counseling service which may
be able to assist you in your credit matters.
CO:
Regarding Credit Bureaus:
Even when a debt has been completely repaid, your credit report can reflect
that the debt was
paid late if that is accurate.
RIGHTS UNDER COLORADO AND FEDERAL LAW
You have a right to obtain a copy of your credit report from a credit bureau
at no charge once per
year with additional copies available for a small fee. You have a right to
dispute inaccurate
information by contacting the credit bureau directly. However, you have no
right to have
accurate information removed from your credit bureau report. Under the
federal "Fair Credit
Reporting Act", the credit bureau must remove accurate negative information
from your report
only if it is over 7 years old. Bankruptcy can be reported for 10 years.
Even when a debt has been
completely repaid, your report can show that it was paid late if that is
accurate. You have a right
to sue a credit repair company that violates the "Colorado Credit Services
Organization Act".
This law prohibits deceptive practices by repair companies. The "Colorado
Credit Services
Organization Act" also gives you a right to cancel your contract for any
reason within 5 working
days from the date you sign it. The Federal Trade Commission enforces the
federal "Fair Credit
Reporting Act". For more information, call or write the Federal Trade
Commission. The
administrator of the "Uniform Consumer Credit Code" enforces the "Colorado
Credit Services
Organization Act". For more information, call or write the Colorado attorney
general's office.
FL, KS, MD, MO, NB, and WV:
Regarding Credit Services Organization and CRA:
Accurate information cannot be permanently removed from the files of a
credit bureau.
NC:
As required by North Carolina law, this credit repair business has secured a
bond by Hudson
Insurance Company 1035 Greenwood Blvd Suite 265 Lake Mary FL 32746, a surety
authorized to
do business in this State. Before signing a contract with this business, you
should check with the
surety company to determine the bond's current status.
IL, KS, MD, MA, VA:
Regarding Credit Bureaus:
You have the right to review your credit report at no charge if a request is
made to the credit
bureau within thirty days after receipt by you of notice that credit has
been denied.
If such request is not made within the allotted time, the credit bureau must
provide the
approximate charge to you for a copy of your credit report for your review
(For MD residents, a
maximum fee of $5 may be charged). Federal Fair Credit Reporting Act (15
U.S.C. § 1681j)
A consumer has a right to dispute the completeness or accuracy of any item
contained in any file on the consumer that is maintained by any consumer
reporting
agency, as provided under the Federal Fair Credit Reporting Act (15 USC
Section
1681i)
VA:
IMPORTANT NOTICE:
YOU HAVE NO OBLIGATION TO PAY
ANY FEES OR CHARGES UNTIL ALL
SERVICES HAVE BEEN PERFORMED
COMPLETELY FOR YOU, UNLESS YOU
ENTER INTO A SUBSCRIPTION AGREEMENT
REQUIRING PERIODIC PAYMENTS IN
CONSIDERATION FOR ONGOING SERVICES
Credit Rx America LLC has obtained a bond from: Hudson Insurance Company
1035 Greenwood Blvd Suite 265 Lake Mary FL 32746
The bond is in the amount of $10,000. The bond is in favor of the
Commonwealth of Virginia for
the benefit of any person who is damaged by a violation of Section
59.1-335.4 of the
Commonwealth of Virginia Statutes. A person who wishes to file a claim
against the bond for a
violation of Section 59.1-335.4 of the Commonwealth of Virginia Statutes may
commence legal
action against Credit Rx America LLC with the Department of Agriculture and
Consumer
Services. The surety may be liable only for actual damages and not for
punitive damages. The
aggregate liability of the surety to all persons damaged by Credit Rx
America LLC violation of
Section 59.1-335.4 of the Commonwealth of Virginia Statutes may not exceed
the amount of the
bond.
We charge per delete only AFTER each delete occurs of the delete(s) that you
have asked us to
delete. Fee(s) are earned as each delete occurs.
A fee is generated for the deletion or repair of an item. A deletion is
defined as a negative item
being removed from any bureau for any reason during our service. A repair or
correction is
defined as an item in negative status being changed to positive status
To give notice within the State of Virginia our registered agent address is:
Credit RX America LLC
4445 Corporation Ln.
STE 264
Virginia Beach, VA 23462
WI:
INFORMATION STATEMENT REQUIRED UNDER WISCONSIN LAW
You have the right to review any file on you maintained by a consumer
reporting agency (i.e.,
credit bureau). You have the right to obtain a copy of that file from each
consumer reporting
agency free-of-charge every 12 calendar months. You may obtain your free
copies on the Internet
at www.annualcreditreport.com, or by contacting the consumer reporting
agency directly. You also
have the right to obtain a copy of your file free-of charge from the
consumer reporting agency if
you request the free copy within sixty days after you receive a notice of a
denial of credit.
You have the right to dispute the completeness or accuracy of any item
contained in any file on
you maintained by a consumer reporting agency.
We charge per delete only AFTER each delete occurs of the delete(s) that you
have asked us to
delete. Fee(s) are earned as each delete occurs. Our fees are above and will
depend on what you
choose for us to delete.
The total amount charged to you will depend on how many items on your credit
report(s) you
choose to have us correct. CRA charges you only after an item is
deleted/corrected. Based
upon what you have told us about your credit situation it is estimated that
the total charge for
your services can be calculated by using the following chart:
# of items chosen by you to Delete
|
X $99.00 (or $89.00 with spouse discount applied)
|
= An estimate of Total Cost
|
|
|
|
Credit Rx America LLC has obtained a bond from: Hudson Insurance Company
1035 Greenwood
Blvd Suite 265 Lake Mary FL 32746
Any person who has been damaged by the Company may file a claim against the
bond or
irrevocable letter of credit by contacting the company that issued the bond
or letter of credit. Such
a person may also file a complaint against the Company with the Department
of Financial
Institutions.
NY:
Regarding Credit Bureaus:
If reinvestigation of your report by the credit bureau does not resolve the
dispute to your
satisfaction, you may enter a statement of one hundred words or less in your
file, explaining why
you think the record is inaccurate. The credit bureau must include your
statement about disputed
data – or a coded version of it - with any reports it issues about you.
New York law also provides that, at your request, the credit bureau must
notify any person who
has received a report in the previous year that an error existed and furnish
such person with the
corrected information.
TIME LIMITS ON ADVERSE DATA:
Most kinds of information in your file may be reported for a period of seven
years. If you have
declared personal bankruptcy, however, that fact may be reported for ten
years. After seven or
ten years, the information can’t be disclosed by a credit bureau unless you
are being investigated
for a credit application of $50,000 or more, for an application to purchase
life insurance of
$50,000 or more, or for employment at an annual salary of $25,000 or more.
Separate Notice of Cancellation Form
(Pursuant to Federal and State Statutes):
NOTICE OF CANCELLATION
You may cancel this contract, without any penalty or obligation, within 5
days from the date the contract is signed.
If you cancel any payment made by you under this contract, it will be
returned within 10 days following receipt by the credit service organization
of your cancellation notice.
To cancel this contract, mail or deliver a signed dated copy of this
cancellation notice, or any other written notice to:
Credit RX America LLC.
1910 Thomes Ave
Cheyenne WY 82001
I hereby cancel this transaction effective
__________________________
___________________________
(Client's signature)
You may send this notification by email to
info@creditrxamerica.com