Southern Credit Repair Full Contract

-Send this copy back to Southern Credit Repair-

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

By signing below you are acknowledging receipt of the above statement.

___________________________________ / _____________

Printed Name Date

___________________________________ / _____________ (Please sign and date

back page also)

Signature Date

Spouse if applicable:

___________________________________ / _____________

Spouse’s Printed Name Date

___________________________________ / _____________

Spouse’s Signature Date

Service Contract Agreement with Southern Credit Repair

This Service Contract Agreement (the “Contract”) is entered into by and between Southern Credit Repair

________________________________________________________________________ (the “Client”) on

the ________ day of ______________________, 201____, WHEREAS, the Client and Southern Credit

Repair wish to enter into an agreement under which Southern Credit Repair will provide certain credit

related services to the Client.

I hereby retain Southern Credit Repair to perform the credit repair services listed in Section A. below. I

understand and agree that the only services Southern Credit Repair has agreed to provide under this

Contract, and the only services I have agreed to pay for, are the services set forth in Section A. below.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the receipt and

sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows:

A. SERVICES:

1The Client hereby agrees to pay to Southern Credit Repair the Amount of $499 for an individual

or $799 for a couple for the services listed in this Section.

2Southern Credit Repair hereby agrees to perform the following services for the Client in return for

payment by the Client of the agreed upon amount for such services: Administrative Service: This service is

fully performed after the Client’s initial file set-up and all necessary forms have been completed and

reviewed; and Dispute Process: This service includes developing the best strategy to investigate the

inaccurate items for accuracy, and is fully performed after Southern Credit Repair has prepared and mailed a

set of verification request letters or submitted the disputes online to the credit bureau(s). This service will

be completed after three (3) days and no later than seven (7) days from the date the Client executes the

Contract. Subsequent dispute cycles will be completed as Southern Credit Repair and the Client agree

upon after the results from the original Dispute Process are reviewed.

3The Client hereby agrees, accepts and acknowledges that the services contained in this Section are

the only services Southern Credit Repair has agreed to provide under this Contract and that there have been

no promises or guarantees of any future services or any other kind of services not specified herein. Further,

the Client agrees, accepts and acknowledges that these are the only services the Client is paying for and the

only ones the Client anticipates, believes or expects Southern Credit Repair to perform under this Contract.

4Southern Credit Repair and the Client hereby agree the period of time to complete all services set

forth in this section shall not exceed 180 days.

B. PAYMENT TERMS:

1 The Client understands and promises to pay to Southern Credit Repair the total amount of $499

for an individual and $799 for a couple for the full performance of the services set forth in Section A.

above. Southern Credit Repair will begin performance of the services described in Section A. above only

after 3 days have passed from the date the Client executes this Contract. Further, the Client can, as set

forth below, cancel the Contract during this 3 day period without any obligation to pay anything

hereunder.

2The Client may make up to three (3) payments towards the total amount due, each payment being

one third (1/3) of the total amount due. Three (3) payments towards a total of $499 would each be $166,

and three (3) payments towards a total of $799 would each be $266.

3The Client understands the initial payment is due on the date the Client executes this Contract.

The second payment is due thirty (30) days after the initial payment, and the third payment is due thirty

(30) days after the second payment. The Client must notify Southern Credit Repair three (3) days in

advance of each payment’s due date if a payment is going to be late or needs to be rescheduled. Southern

Credit Repair does not charge the Client if a payment is late, but the Client’s services described in Section

A. above will be suspended until payment is made. In the event of a returned check or draft, a $35.00 fee

will be assessed against your account. THE FIRST PAYMENT IS DUE ON THE DATE THE CLIENT

EXECUTES THIS CONTRACT.

4The Client understands if payment is not made in accordance with this Contract, the Client shall

be in breach of this Contract and from the date of the breach, all of the Client’s services described in

Section A. above will be suspended until payment obligations are made in accordance with this Contract.

The Client understands there are no refunds for services fully performed.

C. DISCLAIMER OF GUARANTEE OR WARRANTY:

Southern Credit Repair agrees only to perform the services specifically described in Section A. above.

Results disclosed in testimonies received by Southern Credit Repair are not necessarily the results of the

average client. The Client recognizes that every consumer’s circumstances are different and that Southern

Credit Repair does not represent or warrant that it will achieve specific results for the Client. Southern

Credit Repair does not represent or guarantee that the Client will receive new credit or loans, credit cards,

or mortgages as a result of Southern Credit Repair’s services.

D. OTHER TERMS AND CONDITIONS:

1The Client understands that they have the right to dispute inaccurate information in their credit

report by contacting the credit bureau directly, but the Client is retaining Southern Credit Repair to

perform the credit repair services listed in Section A. above. The Client understands that no credit repair

company, including Southern Credit Repair, can have accurate, current, and verifiable information removed

from the Clients credit report.

2The Client understands that most negative and derogatory information can be reported on your

credit files for seven (7) years. Bankruptcies can be reported on your credit files for ten (10) years. After

these periods the consumer credit reporting agencies will automatically delete the negative and derogatory

information and are prevented from reissuing a report containing obsolete information.

3The Client has a right to obtain a copy of their credit report from each of the three (3) credit

bureaus: (i) every twelve (12) months from www.annualcreditreport.com or by calling Annual Credit

Report at 1(800)322-8228, (ii) without charge on request made to the consumer reporting agency not later

than the 60th day after the date on which the agency receives notice the consumer has been denied credit or

employment, and (iii) for a minimal charge at any other time.

4Southern Credit Repair will assist the Client in obtaining their credit reports if necessary at no

additional charge. The Client understands when Southern Credit Repair obtains a copy of the Client’s

credit report an inquiry may be placed on the Client’s credit report. In the event Southern Credit Repair

and/or the Client are denied access to one or more of the Client’s credit reports, the Client agrees, accepts

and acknowledges that Southern Credit Repair will use the information in the credit report(s) available and

develop the best strategy to investigate the inaccurate items in the credit reports that are not available.

5The Client understands there are nonprofit Consumer Credit Counseling Services (CCCS)

available. CCCS provides free, confidential budget counseling, community-wide education programs in

money management, debt management programs for consumers who are overextended, and comprehensive

housing counseling. You can reach Consumer Credit Counseling Service at 1(800)251-CCCS or

1(800)251-2227.

6All notices and other communications hereunder shall be given in writing and shall be deemed to

be duly given and effective: (i) upon receipt if delivered by electronic mail or facsimile, (ii) three days after

deposit in the United States mail, and (iii) one day after deposit with a national overnight express delivery

service. Either party may change the following contact information upon written notice to the other party.

Notices shall be delivered

or transmitted to:

Southern Credit Repair

901 So. 1

St. East

Haskell, TX 79521

Phone: (214)995-3998

Facsimile: 1(800)948-0118

Email: [email protected]

The above address is the principal place of business for Southern Credit Repair. The registered agent of

Southern Credit Repair for service of process is Melinda Casey at 901 So. 1

St. East, Haskell, TX

79521.

7The Client authorizes Southern Credit Repair, its employees and agents to prepare all necessary

correspondence, either written or electronic, relating to Southern Credit Repair’s services and to submit to

Southern Credit Repair any additional information required to support those services. THE CLIENT

AGREES TO FORWARD IMMEDIATELY TO SOUTHERN CREDIT REPAIR ALL

CORRESPONDENCE FROM THE CREDIT BUREAUS, creditors or others relating to services provided

by Southern Credit Repair. The Client understands that all information provided to Southern Credit Repair

must be true and accurate to the best of the Client's knowledge.

8In the event that the Client is utilizing Southern Credit Repair’s services as part of the Client's

dealings with a Mortgage Broker or Real Estate Agent, the Client authorizes the Mortgage Broker or Real

Estate Agent to disclose the Client's financial history and credit report(s) to Southern Credit Repair and

also authorizes Southern Credit Repair to disclose the Client's financial information and credit report(s) to

said Mortgage Broker or Real Estate Agent.

9If any provision of this Contract is held to be inapplicable or unenforceable, then such provision

shall be construed, as nearly as possible, to reflect the intentions of the parties, with the other provisions

remaining in full force and effect.

10 The Client agrees to defend, indemnify and hold Southern Credit Repair and its members,

managers, employees and agents harmless from and against any and all claims, demands, actions,

liabilities, costs or damages arising out of Southern Credit Repair’s provision of services to the Client

under this Contract or the Client's breach of this Contract, except for claims, demands, actions, liabilities,

costs or damages arising out of Southern Credit Repair’s gross negligence or willful misconduct. The

Client further agrees to pay Southern Credit Repair’s reasonable attorneys' fees and costs arising from any

actions or claims eligible for indemnification under this Contract.

11 This Contract is deemed to have been made and entered into exclusively in the State of Texas.

This Contract and its enforcement shall be governed exclusively by the laws of the State of Texas, without

regard to its conflict of law provisions. Any legal or equitable action concerning this Contract shall be

initiated only in Dallas County, Texas; and, both parties agree that Dallas County, Texas shall be the sole

and exclusive venue for resolving any disputes between the parties to this Contract.

12 This Contract may be executed in one or more counterparts, each of which shall be deemed an

original but all of which together will constitute one and the same instrument.

13 When submitting documents online, the Client agrees that his or her digital signature is

equivalent to a handwritten signature as provided in The Federal E-Sign Act.

14 In the event of any claim or dispute between the Client and Southern Credit Repair arising from

or relating to this Contract, or the enforceability or scope of this arbitration provision, or of any prior

agreement, the Client and Southern Credit Repair must resolve the claim or dispute by binding arbitration.

IF A CLAIM OR DISPUTE IS TO BE ARBITRATED PURSUANT TO THIS CONTRACT, NEITHER

THE CLIENT NOR SOUTHERN CREDIT REPAIR SHALL HAVE THE RIGHT TO LITIGATE THE

CLAIM OR DISPUTE IN A COURT OR TO HAVE A JURY TRIAL ON THAT CLAIM OR DISPUTE.

PRE HEARING DISCOVERY RIGHTS AND POST HEARING APPEAL RIGHTS WILL BE

LIMITED. NEITHER THE CLIENT NOR SOUTHERN CREDIT REPAIR SHALL BE ENTITLED TO

JOIN OR CONSOLIDATE CLAIMS IN ARBITRATION BY OR AGAINST OTHER CLIENTS OF

SOUTHERN CREDIT REPAIR WITH RESPECT TO THEIR CONTRACTS WITH SOUTHERN

CREDIT REPAIR, OR ARBITRATE ANY CLAIMS AS A REPRESENTATIVE OR MEMBER OF A

CLASS OR IN A PRIVATE ATTORNEY GENERAL CAPACITY.

This Agreement involves interstate commerce, and this provision shall be governed by the Federal

Arbitration Act ("FAA"). The arbitration shall be conducted through, at the option of whoever files the

arbitration claim, JAMS or the National Arbitration Forum ("NAF") in accordance with their procedures in

effect when the claim is filed. For a copy of their procedures, to file a claim or for other information

contact JAMS at www.jamsadr.com, toll free at 1(800)352-5267 or NAF at www.arbforum.com, toll free

at 1(800)474-2371. The arbitrator's decision will be final and binding except for any appeal rights under the

FAA.

This arbitration provision shall survive termination of this Contract, as well as voluntary payment in full

by the Client and any legal proceedings by Southern Credit Repair to collect a debt owed by the Client.

In the event that Client fails or refuses to pay amounts properly due and owing, Southern Credit Repair

may elect to proceed by way of collection action within the courts of proper jurisdiction, without the use of

any arbitration. Further, should any court of competent jurisdiction determine that this arbitration clause is

not enforceable, then the remainder of the terms and restrictions contained therein shall apply to said

litigation. Under such circumstances and in the event of any such litigation, no jury trial shall be allowed

to any party. To the extent allowable by law, the exclusive jurisdiction and forum for the resolution of any

dispute shall be located within Dallas County, Texas, applying Texas law without regard to choice of law

principles.

15 Southern Credit Repair cannot provide legal advice. Southern Credit Repair, its employees and

agents are not attorneys and therefore are not authorized to give legal advice.

16 This Contract represents the final and entire agreement between the Client and Southern Credit

Repair and shall supersede all other agreements between the parties regarding the subject matter hereof.

17 I acknowledge and attest that the information I, the Client, have provided to Southern Credit

Repair is true and correct to the best of my knowledge and belief. Any material misstatements of fact made

by the Client to Southern Credit Repair will, at Southern Credit Repair’s option, relieve Southern Credit

Repair of any further obligation to perform under the Contract.

E. LIMITED POWER OF ATTORNEY:

The Client, the undersigned, agrees by executing this Contract to grant a limited power of attorney to

Southern Credit Repair, and any and all persons in there employ, as the Client’s agent, to have the

necessary power and authority to undertake and perform the services set forth in Section A. above on the

Client’s behalf. The Client hereby gives permission to Southern Credit Repair to sign the Client’s name

on all documents written or submitted electronically on the Client’s behalf for the purpose of disputing

inaccurate, erroneous and obsolete credit information held on the Client’s report by the consumer credit

reporting agencies. This limited power of attorney is given to Southern Credit Repair in compliance with

section 611 of the Federal Fair Credit Reporting Act.

F. REGISTRATION AND SURETY BOND

Per Title 5, Texas Finance Code, Section 393.302, “A credit services

organization or a representative of the organization may charge or receive

from a consumer valuable consideration before completely performing all

the services the organization has agreed to perform for the consumer only if

the organization has obtained a surety bond for each of its locations or

established and maintained a surety account for each of its locations in

accordance with Subchapter E.” Any “person damaged by a violation of this

chapter” has the right to proceed against the surety bond or account.

Southern Credit Repair has registered (#2006-0071) and obtained the proper

security bond (#510297) to operate as a Credit Repair Services Organization

pursuant to Title 5, Texas Finance Code, Section 393.001 et seq. The surety

bond in the amount of $10,000 is issued by:

Aegis Security Insurance Company

Ralf Rigo, Attorney-in-fact

300 International Parkway, Suite 184

Heathrow, FL 32746

BY SIGNING BELOW, I HEREBY ENTER INTO AND AGREE TO BE BOUND BY

ALL THE TERMS AND CONDITIONS OF THIS CONTRACT. FURTHER, I

ACKNOWLEDGE I HAVE READ THIS CONTRACT IN ITS ENTIRETY AND

FULLY UNDERSTAND THE CONTENTS OF THE CONTRACT PRIOR TO

SIGNING BELOW.

YOU, THE BUYER, MAY CANCEL THIS CONTRACT AT ANY TIME BEFORE

MIDNIGHT OF THE THIRD DAY AFTER THE DATE OF THE TRANSACTION.

SEE THE ATTACHED NOTICE OF CANCELLATION FORM FOR AN

EXPLANATION OF THIS RIGHT.

___________________________________ / _____________

Printed Name Date

___________________________________ / _____________

Signature Date

Spouse if applicable:

___________________________________ / _____________

Spouse’s Printed Name Date

___________________________________ / _____________

Spouse’s Signature Date

-SEND THIS COPY BACK-

The Federal Trade Commission and State Laws require Southern Credit Repair to keep this document with

your file for a minimum of two (2) years after the Contract is executed. Send this copy to Southern Credit

Repair at 901 So. 1

St. East, Haskell, TX 79521.

-Client Copy-