Terms and conditions of this agreement.
Client understands that Kensington Credit Repair (hereafter referred to as "KCR") will seek to correct or remove erroneous, outdated, or incorrectly reported information from the bureaus, as allowed by state and federal law, and understands that KCR makes no claim beyond those changes allowed by state and/or federal law. This includes, but may not be limited to, inquiries, addresses, aliases, creditor accounts, and personal information. Additionally, client understands that no guarantee of any particular score is made through this agreement, as doing so would imply an intimate knowledge of the proprietary formulas used by the credit scoring models to calculate score that the KCR does not possess. If, upon the expiration of 3 timely payments, and 100% adherence to the terms and conditions set forth herein, KCR has failed to demonstrably update client's report, through deletions, corrections, or updates with each of the major credit bureaus, client is entitled to a full refund of all monies paid.
Client understands that it is the right of any consumer to execute similar disputes or requests on their own behalf, but has willfully elected to allow KCR to perform the services for the posted and agreed upon fee, pursuant to the fee schedule included herein. Additionally, by virtue of the client's electronic signature, client acknowledges understanding of, and agreement to the policies, terms, and conditions, outlined in this agreement, and have been made aware of his rights as a consumer in matters of credit reporting through all applicable and necessary laws and disclosures. Client acknowledges that in some instances, KCR may act as a credit services organization as defined in the federal Credit Repair Organizations Act, and that agreement to these terms constitutes acknowledgment that client has received the following information, required by the Commonwealth of Pennsylvania and Credit Repair Organizations Act regarding credit services organizations.
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 5 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 re-investigate 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 re-investigation 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
Client’s initial credit reports will serve as the basis for improving or repairing credit reports, and KCR has no responsibility of providing services on derogatory changes to the client's reports after the date of this agreement. Client understands that he/she/they will be required to have the original credit report pulled by KCR for review and repair purposes, at or before enrollment. Credit monitoring services are available at www.creditchecktotal.com www.privacyguard.com Any fee for these reports or monitoring services is the sole responsibility of the Client. Use of reports from www.annualcreditreport.com may extend the time afforded the credit bureaus to investigate accuracy and completeness, per federal law. Client also understands that the addition of new derogatory information will negatively impact the results of KCR's service, and could significantly impact projected completion date of the service provided by this contract.
Additionally, through the electronic signature provided on this website, client authorizes KCR and its agents, and staff to obtain, review, and retain credit reports from all three major credit bureaus from the execution of the agreement, through a period not to exceed 60 days beyond the expiration of the same, and for 60 days after the expiration of this agreement. An original, unmarked copy of all credit-related correspondence from any creditor or credit reporting agency must be e-mailed to KCR within 5 (five) business days of receipt. These services are time-sensitive, and failure to do so would significantly diminish the effectiveness of said services. If client wishes to maintain copies of creditor/bureau correspondence, client must make the copies for his or her self, in advance of their submission to KCR for review or processing. Copies of the credit repair file will not be made after submission to KCR. Because of the proprietary nature of the letters used in the restoration process, copies of the letters KCR sends to creditors and/or credit bureaus will not be available to client.
Client also understands that, while every effort to avoid doing so will be made, it may be necessary to settle some debts with the creditors themselves to improve the client's credit rating upon completion of this contract. Client gives KCR, it's agents, officers,staff, and employees the authority to communicate and negotiate with creditors and credit reporting agencies, including the signing of the client's name, for which this limited power of attorney is given.
Client understands that negotiating or corresponding in any manner (telephone, mail, etc.) with creditors, collection agencies, and credit reporting agencies during the agreement period, though not barred by this agreement, could significantly, negatively impact the results.
Services provided during this agreement will consist of one or more of the following:
- initial consultation by telephone, or in person.
- creating a manual and electronic client file
- audits, reviews, and analysis of credit information contained on consumer credit reports
- preparation of requests for free reports, if applicable
- creation of a list of potentially actionable credit items
- dispute up to 15 items negative (5 items per bureau) every 35 days
- registering client telephone numbers with the National Do Not Call Registry
- initial requests of validation/verification information regarding client accounts from creditors and credit bureaus
- processing of any correspondence mailed to KCR by client upon receipt
- no less than one telephone/email update per completed 30 day cycle (communications initiated by client, included)
- obtaining, or assisting Client in obtaining updated consumers' credit reports as needed
- audit/review of credit information contained on updated consumer credit reports
- action on updated credit reports as needed
- audit/review of creditor or collection agency responses
- action on creditor or collection agency responses, as needed
- subsequent requests for validation/verification information regarding accounts or inquiries from creditors and credit bureaus
***Items 1-7 of the list above will be fully performed prior to the first charge to client.
In the event that, upon completion of three full months of service associated with this contract, and assuming compliance and participation of the client, the client's reports are brought not to the federal standards of accuracy and completeness, KCR will evaluate the client's accounts for possible litigation.
- Pursuant to federal law, there is a NO UP-FRONT FEE for any credit repair service performed by KCR.
- All charges are for work that has been completed in the preceding billing cycle, including the first 5 TO 15 days of service.
On the 5th TO 15th day after enrollment, Client will be charged a first work fee of $69.00. Thereafter, client will be billed $69.00/month until service is canceled by Client, for a maximum of 12 total payments, totaling a maximum of $828.00 potentially spent.
On the 5th to 15th day after enrollment, Clients will be charged a first work fee of $124.00. Thereafter, clients will be billed $124.00/month until service is canceled by Clients, for a maximum of 12 total payments, totaling a maximum of $1,490.40 potentially spent.
Upon submission of the online registration, client will be contacted for payment information. This agreement is not in full effect until the payment information has been received and verified. The date of registration will be used as the billing date for all contracts, except in the case of registrations made on the 29th - 31st of any given month, in which case, the payment will be processed on the 28th of each month.
In the event that any payment is declined, KCR is authorized to charge the amount due 5 days later. In the event payment is declined again KCR will suspend the clients account. There will be a $30 fee for any returned, declined, or charged-back payments. The client can requests a normal payment date be moved, up to 7 days from the original date. The recurring payment will resume 30 days after that payment is received. A move in any single payment date will not affect the date of future payments. In the event that a payment date must be delayed, all work on the file will be suspended until such time that the agreed upon fees have been paid, and that status updates of any kind on the account will not be available until such time that the account is brought current. Client also affords KCR all collections mechanisms allowed by law, and the right to recover all collection costs, including, but not limited to, returned or canceled payment fees, attorney's fees and court costs as allowed by law.
Finally, by virtue of the submission of this registration, client acknowledges that all information being submitted is genuine, and is being submitted by the party or parties listed. Submission of false information will be construed as fraud, and KCR will vigorously pursue, or aid in pursuing on behalf of any injured party, any and all civil and criminal penalties or liabilities against any and all parties responsible for the intentional misuse of this form, or from any information gained as a result of submission of fraudulent information with this form. Client understands that although client has every right to execute the same actions on their own behalf, client has voluntarily elected to pay a fee for these services. Client agrees to allow KCR to charge the ACH, credit, or debit card provided to secure payment of fees, as outlined above, for services performed, subject to the repayment terms and conditions of the bank account or card holder agreement for that account.
By signing this agreement, you, as client:
- Agree to and acknowledge, all charges that you are authorizing on the payment portion of this enrollment, and the policies regarding late, declined, charged-back, and returned payments.
- Agree to and acknowledge all of the terms and conditions contained in this form.
- Attest to having been given (or printed for your records) two copies of this agreement, including the required disclosures.
- Acknowledge and fully understand your rights as a consumer, both federal and state, and have no questions concerning either.
- Are fully aware of the pricing and cancellation policies included in this form.
- Are aware that a failure to actively participate in the credit repair program can, and most likely WILL lead to significantly diminished results.
- Acknowledge that it may be necessary for you to establish additional credit lines to experience the greatest benefit to your credit scores, and failing to do so will likely impede your progress.
- Acknowledge that you have been advised of the importance of mailing related all credit related correspondence to KCR within 5 days of its receipt credit, and the impact of failing to do so could have on results.
- Understand that any change in address or contact information must be reported to KCR within 10 days of that change, preferably in advance.
- Understand that you must complete a mail forwarding order within 10 days, if there is a change in address to avoid any unnecessary delays in receipt of mail.
- Is fully aware that cancellations must be made in writing, and can be mailed, faxed, or emailed. No verbal cancellations will be honored. You may cancel this contract, without any penalty or obligation, prior to 12 midnight of the 5 day after the date of the transaction.