Consumer Credit Protection Act Disclosure Statement
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'.
Consumer Credit Act Disclosure
Consumer Credit File Rights Under State and Federal Law (Sec. 405. Disclosures)
This disclosure has been furnished to you in accordance with the Consumer Credit Protection Act.
I acknowledge that I have received a copy of the Consumer Credit File Rights under State and Federal Law in accordance with the Consumer
Credit Protection Act.
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