Consumer Credit File Rights Under State and Federal Law

This statement is provided under the federal Credit Repair Organizations Act. Strategic Credit Advisors LLC also provides this statement as a separate written document before you sign any contract with us.

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 more than 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 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 unverified information, usually within 30 days. However, if the credit bureau reinvestigates and does not remove the information, you may add your own statement (up to 100 words) to your credit 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.

Your right to cancel

You may cancel your contract with Strategic Credit Advisors LLC, without penalty or obligation, at any time before midnight of the third business day after the date on which you signed the contract. To cancel, mail or deliver a signed, dated copy of a cancellation notice, or any other written notice, to Strategic Credit Advisors LLC at the address in your contract. [ATTORNEY REVIEW — confirm cancellation address, method, and the state-required cancellation-notice form is attached to the contract.]

How we charge

Strategic Credit Advisors LLC does not charge or collect any money for credit-repair services before those services are fully performed. You will receive a written contract that describes the services to be performed, our total cost, and the estimated time to perform the services, along with this statement of your rights, before you are asked to sign.

[State-specific rights — ATTORNEY REVIEW: insert any additional disclosures, registration numbers, or surety-bond notices required by the states Strategic Credit Advisors LLC serves.]