CREDIT EDUCATION SERVICES AGREEMENT
THIS CREDIT EDUCATION SERVICES AGREEMENT is entered into by and between _____________________________ (“the Client”) of _______________________ (“ADDRESS”) AND DB Consult – I Talk Credit of ______________________ (“ADDRESS”). Individually referred to as “Party” and collectively referred to as “Parties”.
RECITALS
WHEREAS, the Client desires correction of inaccurate credit reports;
WHEREAS, the Company has the expertise in providing advice and assistance with respect to improving the Client’s credit file, record, history, reports, and overall credit knowledge;
NOW, THEREFORE, both Parties agree to be bound as follows:
- CREDIT REPAIR ORGANIZATION ACT
The Client has been informed that DB Consult – I Talk Credit is a Company which sells or provides a service, in return for consideration, in an attempt to improve the client’s credit record, history or rating, and to provide advice regarding these activities, and as such, is governed by the Credit Repair Organizations Act, 15 U.S.C 1679 (“CROA” or “The Act”).
- SERVICES
DB Consult – I Talk Credit will provide the following services: obtaining all credit reports from the 3 major reporting agencies (Experian, Equifax, and Transunion) along with the other 10 data collection agencies starting with Lexis Nexis, Innovis, Sage Stream etc.; conduct a complete audit of the Client’s credit reports by phone or in person to determine inaccurate, outdated and/or unverifiable information contained on your credit reports; prepare the appropriate documentation to submit to CRA’s to initiate a dispute of inaccurate, outdated, and unverifiable items appearing on the credit report; prepare the appropriate documentation to submit disputes and validation request directly to listed creditors/ debt collectors on the Client’s credit report that the Client believes to be inaccurate, outdated and/or unverifiable.
- PROHIBITED PRACTICES BY CLIENT
DB Consult discloses that the following acts are strictly prohibited under the CROA, and the Client agrees to refrain from assisting DB Consult’s employees or agents, with respect to the following prohibited practices: (a) advising or making a statement to a CRA or an existing or prospective creditor which is untrue or misleading; or which should be known to be untrue or misleading , through reasonable care; (b) advising or making a statement to alter the client’s identification in order to prevent the display of the client’s credit record or history for the purpose of concealing adverse information which is accurate and not obsolete.
- PROHIBITED ACTIVITIES BY DB CONSULT- I TALK CREDIT
DB Consult- I Talk Credit will not (a) make or use any untrue or misleading representation as to the services to be provided to the client; (b) perform any act or conduct that constitutes a commission or attempt to commit a fraud or deception upon any client in connection with the offer or sale of the services of DB Consult- I Talk Credit; (c) charge or receive any money or other consideration for the performance of any service for which DB Consult- I Talk Credit has agreed to perform before such service is actually performed.
- CONSUMER DISCLOSURE
Prior to the signing of this contract and paying any money for services rendered, the Client acknowledges that they have received, reviewed, and signed a separate and standalone “Consumer Credit File Rights Under State and Federal Law” disclosure form.
- CONSIDERATION
In Consideration of the Services rendered, the Client will pay a one-time nonrefundable fee of $ 50.00 for the Initial Credit Analysis, and consult fee is required. The nonrefundable fee will be applied towards credit education services in the amount $999.00 for clients with charge offs, collection accounts, multiple inquiries, inaccurate personal identifiers, delinquencies, primary accounts, tradelines, loan fundability consulting.
In addition, the Company charges a non-refundable fees of $ 2, 500 for clients with Charge offs, delinquencies, collections, charge offs, multiple inquiries, inaccurate personal identifiers, foreclosure, bankruptcies, repo’s child support credit card, and loan fundability consulting.
- CLIENT’S CONSENT
Client consents to and acknowledges that the following actions will take place: (a) DB Consult- I Talk Credit will pull a credit report from the three major bureaus at the beginning of the repair process, and thereafter as often as deemed necessary by DB Consult employees, in their sole discretion; (b) share any information obtained from the client, the creditors, credit reporting agencies, or any third parties with any party deemed necessary to pursue the client’s remedies under the FCRA; (c) to discuss the client’s credit information and status of the repair work with any individual or company who referred the customer to DB Consult, such as a mortgage broker or lender; (d) to sign a power of attorney which will permit the Company to perform any act necessary to provide its services, including the right to draft and sign letters on the client’s behalf.
- CONFIDENTIALITY
The Company acknowledges that information regarding credit report correction is confidential and as such the Company will handle the information with utmost care. The Client’s information will not be shared publicly with anyone unless required by law or to serve the vital interests of the Company.
- NO LEGAL ADVICE OR SERVICE PROVIDED
DB Consult is prohibited from engaging in the practice of law or from providing legal advice to the Clients. Such services are permitted only by licensed, practicing attorneys. DB Consult will dispute and attempt to hold accountable any credit bureau, creditor or supplier of inaccurate, obsolete or unverifiable information list listed on the client’s credit reports. Client will make DB Consult aware of those items client deems to be of an inaccurate, obsolete and/or unverifiable nature, and all negative items found on client’s credit reports.
- GOVERNING LAW
This Agreement will be construed, interpreted and governed by the laws of the State of _____________________________. Any dispute arising from the subject matter of the Agreement will be submitted to the jurisdiction of ______________ courts.
- RELEASE FROM LIABILITY
The Client hereby expressly waives any claim, and agrees to release, indemnify and hold DB Consult harmless for any and all claims or causes of action which arise out of the performance of the credit repair services. Unless the action arises from a failure to comply with the Credit Repair Organization Act, the client agrees that its sole legal right or claim for damages against DB Consult, any agent, employee or contractors thereof, shall be limited solely to a refund of any fee paid.
- ENTIRETY
This Agreement constitutes the entire agreement between the Parties pertaining to its subject matter and it supersedes all prior contemporaneous agreements, representations and understandings of the Parties. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by the Parties.
IN WITNESS WHEREOF, the parties execute the Agreement as follows:
Client name: _______________________________
Signature of the Client: ___________________________
Date: _________________________________
Company Representative Name: ____________________
Representative Signature: ______________________
Date: __________________________________
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