This agreement between My Credit Ability, LLC (MCA), and you (the client), is a legally binding agreement.  Our goal and mission is to provide credit and debt consulting services, along with providing credit education materials to help you get back on track to having excellent credit, save money and get out of debt!

 By federal law, you must know that YOU CAN DO THE CREDIT RESTORATION PROCESS YOURSELF.  YOU ALSO HAVE 3 DAYS TO CANCEL THIS AGREEMENT, which must be done in writing and will discontinue the consulting process.  You can read and review The Fair Credit Reporting Act and the Credit Repair Organizations Act atwww.ftc.gov or by writing the FTC.

Please note that the agreed upon fee is for one or more of the following services:  Initial Consultation and file preparation; Credit Analysis; Researching Laws and documents; Expertise and Knowledge; Reviewing Credit Reports; Data Processing; Consulting and Education; Preparing documents; Credit/Debt Educational Materials and our time.  

Educational/informational materials and consultation will be given to you in one or more areas:  Credit – why it is important; Benefits of having good credit; How to achieve higher credit scores; Prioritizing your debt in tough times; What debts you should always pay; In Debt – we give you ALL of your choices and options; Stop harassing collection calls – NOW; Credit repair – is it legal and how can it help me; Establishing good credit or more credit; Statute of Limitations of how long someone can sue you for; Repo info – what to do if you can’t afford your vehicle; Credit Identity Theft info and forms; Secret phone numbers – stop the junk mail & irritating collection calls; Great Books & Websites for further credit education; How to save time and money buying your next vehicle; Templates and Forms to help you; Commonly asked questions and answers; and more.

FEES:  For the Credit Restoration Program and Consulting Services, you (the client) agree to pay the amount of $150 for Credit Report Audit and $100 each month thereafter until completion of the program or termination.

Consultation, credit education, preparation of documents to dispute items on credit reports that are inaccurate, obsolete, duplicate, misleading or unverifiable will be done within four days.  We must follow all State and Federal Laws and will not deviate from them.  If an item is not considered inaccurate, misleading, obsolete, duplicate or unverifiable, then we will not dispute the item on your credit report.  For any efforts to be effective, you (the client) must be truthful and diligent in giving the correct information to MCA reserves the right to cancel the agreement with any client it believes to be providing false or fraudulent information to us, its creditors or the credit bureaus.  If necessary, you can cancel our services at any time in writing.  

Guarantee – By federal law we cannot guarantee a particular score or result on your credit file.  Because we have years of experience helping our clients utilize and exercise their rights under federal law, the Fair Credit Reporting Act, we can assist you in getting information corrected or deleted with an overall positive outcome in the majority of our client’s cases.  Also we cannot guarantee that your credit score will increase, or decrease.  There are many factors that determine your credit scores.  This is a service based business, not a product based business where you can take the product back if it is defective.  You are paying for the above mentioned services and our expertise, not a particular result.  For an example, if you gave a retainer fee to an attorney to represent you, they would not be able to guarantee to win your case.

Negotiating debt – We can provide debt settlement services for you if you have existing or old debts to pay.  This is a legal and viable option instead of filing bankruptcy.  In most cases our clients will save approximately 70% of their overall debt.  

Client(s) Responsibilities

MCA is here to help you to make the credit restoration process as easy as possible.  It is imperative that in order for you to achieve the best results from your credit restoration process, you agree to follow the steps outlined below and you confirm that:

• You have received a copy of the Consumer Credit File Rights, Notice of Cancellation, and Credit Consulting Agreement.


• You will respond to our request for additional information or identification documents within a timely manner (within 10 days).


• You will check and open all incoming postal mail during the credit restoration process.  In approximately 5-6 weeks you will receive  your updated credit reports with results from all three credit bureaus. They come in business sized envelopes & look like ‘junk mail’.  


• You will forward all updated credit reports and results you receive from all three credit bureaus (Experian, Trans Union and Equifax) to MCA OR... you will need to get your credit reports for $1 from a credit monitoring service.  The link will be provided when onboarding to our client site.          


• You understand that your credit scores may lower if any of the following occurs:  new negative accounts appear on your credit reports; you apply for new credit; you obtain a new credit card or loan; a corrected or deleted account reappears; or your balances increase on an existing account(s) or you close too many accounts or other various factors beyond our control.                                 


• You agree to not apply for new credit while in the credit restoration process unless instructed to do so by MCA in which would only be to establish new credit to raise your credit scores because you have very little credit or no credit.  If advised by MCA to establish new credit, you agree to implement the necessary steps within 15 days of your first consultation.  


• You understand that if you are obtaining a loan, there are several factors in getting approved for a loan, they can be: down payment, debt to income ratio, time on the job, proof of income, and of course credit issues or low credit scores or other various factors beyond our control.         


• You agree to notify us within 60 days if you have not received your updated credit report results from the three credit bureaus.  If you notify us after 60 days from beginning the restoration process, there will be a charge of $50 per person for processing the delayed paperwork.   We need your updated credit reports in order to review the results we have obtained for you to see if we need to continue the credit restoration process.


• You understand that once you begin the Credit Repair process, in about 40 days, we will either need you to provide us all 3 credit reports the credit monitoring service  or you can send us all three (3) updated credit reports that you received in the mail from each of the three credit bureaus - Experian, Trans Union and Equifax so we can process your results.  


• You will have patience during the credit restoration process.  Sometimes this process takes time and is not a quick fix.  Although we have had great results within 30+ days, the process may take longer depending on various circumstances and the number of accounts that we are disputing.  

Please know that your failure to follow these procedures could result in a delay in achieving your credit restoration goals.  MCA will not refund fees if the credit restoration process is delayed or fails because of your failure to cooperate.  You may also be required to pay additional fees if additional consultation or preparation of documents is necessary.  

Disclaimer

My Credit Ability makes every effort to give you the most up to date information that abides by State and Federal Laws.  This information is the best of our understanding and knowledge.  We do not pretend to be attorneys, so please seek the advice of one if you feel you need to.  Also, MCA does not pretend to be a mortgage company, credit card issuer, credit counseling service or a debt consolidator. Although we have years of experience in the credit and debt consulting industry, if you feel that you need further help or assistance, then we suggest you seek outside help. The information that we provide to you, follows State and Federal Laws.  These laws do vary and can be obtained from the federal website: www.ftc.gov.

Our goal is to provide a wealth of solutions to improve every client's financial well-being. Solutions that help you get back to financial basics, have excellent credit, get out of debt, save more and spend less. Solutions that help you live life to the fullest today, while saving and investing wisely for tomorrow. 

By signing this agreement, you (the client), agree to its conditions, and agree that no promises have been made outside this agreement. You acknowledge that the information that we provide you, will only be used by you and that you agree to not copy or duplicate the copyrighted material that is provided to and for you.  By passing, distributing, selling or marketing for monetary benefit of such copyrighted material will be in violation of the copyright laws and can be prosecuted for copyright infringement.     

Thank you for choosing My Credit Ability to help you with your credit restoration process.  We look forward to helping you achieve optimal credit. 

You have the 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 seven years old. Bankruptcy information may be reported for ten 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 sixty 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 sixty days, if you are a recipient of welfare assistance, or if you have reason to believe there is inaccurate information in your credit report due to fraud.

You have the 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 three business days from the day 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 bureaus may not charge any fee for this service. Any pertinent information and copies of all documents you have concerning the 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: