Information Statement
RIGHTS OF CONSUMERS REGARDING CREDIT FILES
PURSUANT TO STATE AND FEDERAL LAW
You have the right to obtain a copy of your credit file from a consumer credit reporting agency. You may be charged a reasonable fee. There is no fee if, within the past 30 days, you have been turned down for credit, employment, insurance or a rental dwelling because of information in your credit report. The consumer credit reporting agency is obligated to 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 a reason to believe that there is inaccurate information in your credit report due to fraud.
You have a right to dispute inaccurate information by contacting the consumer credit reporting agency directly. However, neither you nor any credit service organization has the right to have accurate, current and verifiable information removed from your credit report. Generally, under the Fair Credit Reporting Act, the consumer credit reporting agency is obligated to remove accurate, negative information from your report only if it is more than 7 years old and bankruptcy information can be reported for 10 years. If you have notified a credit reporting agency that you dispute the accuracy of information in your credit file, the consumer credit reporting agency is obligated to make an investigation and modify or remove inaccurate information. The consumer credit reporting agency may not charge a fee for this service. Any relevant information and copies of all documents you have concerning the disputed information should be given to the consumer credit reporting agency. If the investigation does not resolve the dispute to your satisfaction, you may send a brief statement to the consumer credit reporting agency to keep in your file, explaining why you think the information in the credit file is inaccurate. The consumer credit reporting agency is obligated to include your statement or a summary of your statement about disputed information in 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.
OVERVIEW OF SERVICES
Credit Guard, Inc. will facilitate the process of challenging the accuracy of the items presented to us by the client(s) on their credit reports (see List of Adverse Information). This can include items from all three sections of the credit report (Personal Information, Payment History or Inquiries). This will be accomplished by one set of written correspondence between Credit Guard, Inc. and the three major credit bureaus: Experian, TransUnion, Equifax and in some instances directly to the creditors themselves. In addition, the client(s) will receive one ID Theft Recovery Kit™ per client agreement by mail. This is a comprehensive do-it-yourself kit that may aid the client(s) in identity theft recovery and prevention. No charges will be billed until all contracted services are fully performed, which takes approximately 3 business days beginning on the date of the signed Client Agreement. Your account will not be charged nor will you be invoiced any sooner than the 4th day from the date you sign the Client Agreement. Once Credit Guard has mailed the one set of challenges to the three major credit bureaus and the ID Theft Recovery Kit™ to you, the client(s), our services are considered fully performed, regardless of any future changes, if any, to the credit report or credit score of client(s).
RIGHTS OF CONSUMERS REGARDING CANCELLATION OF CONTRACT
You have a right to give written notice of your intent to cancel a contract with a credit service organization for any reason within 5 business days from the date you signed it. If for any reason you do cancel a contract during this time, you do not owe any money. 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.
RIGHTS OF CONSUMERS TO PROCEED AGAINST SECURITY DEPOSIT
You have the right to proceed against the surety bond of Credit Guard, Inc. on file with the Division of Mortgage Lending, Department of Business and Industry, State of Nevada under the rules and regulations established in Chapter 645A of the Nevada Revised Statues. The issuer of the Nevada surety bond for Credit Guard, Inc. is Hartford Fire Insurance Company, One Hartford Plaza, Hartford, CT 06155; Bond Number 45BSBFL4983.
California customers, you have the right to proceed against the surety bond of Credit Guard, Inc. on file with the California Secretary of State in accordance with the provisions set forth in the California civil code, section 1789. The issuer of the California surety bond for Credit Guard, Inc. is Hartford Fire Insurance Company, One Hartford Plaza, Hartford, CT 06115; Bond Number 45BSBFK0947.
RIGHTS OF CONSUMER TO NONPROFIT ASSOCIATION ASSISTANCE
You have the right to seek assistance from any nonprofit association which provides services similar to those offered by any credit service organization. Contact the National Foundation for Credit Counseling (NFCC) for a list of their Member Agencies in your area at toll free (800) 388-2227.
LIST OF RESIDENT AGENTS
The Resident Agent for Credit Guard, Inc. is InCorp Services, Inc.: In California, 5716 Corsa Avenue Suite 110, Westlake Village CA 91362. In Texas, 815 Brazos Street Suite 500, Austin TX 78701. In Illinois, 2501 Chatham Road Suite 110, Springfield IL 62704. In Arizona, 2338 West Royal Palm Road Suite J, Phoenix AZ 85021. In Washington, 102 Prefontaine Place South, Seattle WA 98104. In Nevada and all other States, 3155 East Patrick Lane Suite 1, Las Vegas NV 89120.
PROGRAM NOT AVAILABLE IN ALL STATES
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