CREDIT REPAIR ORGANIZATIONS ACT DISCLOSURE
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 re-investigate 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
The materials on this web site are designed to enable you to learn more about the services that Personal Touch Credit
Counselors offers to its clients. These materials do not, and are not intended to, constitute legal advice, nor are they intended as a source of advertising or solicitation.
The result of any legal matter may vary depending upon specific facts and applicable law; no reader should act on the basis of any matter contained on this web site without seeking appropriate professional advice as to the particular facts and applicable law involved.
The materials contained in this web site do not create and are not intended to create an attorney-client relationship between you and Personal Touch Credit Counselors. Our company accepts clients only in accordance with certain internal procedures.
Please do not send us confidential information unless you have express authorization from one of our counselors. Always retain a copy for your records; we shred all unnecessary documents for our Client’s protection due to the sensitive nature of credit reports and personal identifying information.
You may cancel this contract without penalty or obligation at any time before midnight of the 3rd business day after the date on which you signed the contract.
Credit repair results vary from client to client.
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.
As a side note: Personal Touch Credit Counselors LLC makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site that is listed on our site. PTCC is providing hyperlinks to you only as a convenience. The inclusion of any hyperlink does not imply any investigation, endorsement, monitoring or verification by Personal Touch Credit Counselors, LLC of any information in any hyperlinked site shown in our site. In no event shall Personal Touch Credit Counselors, LLC be responsible for your use of a hyperlinked site included in our website.
The accuracy and completeness of information provided herein is not guaranteed or warranted to produce any particular results and the advice and/or strategies contained within may or may not be suitable for every individual. The author shall not be liable for any loss incurred as a consequence of the use and application, directly or indirectly, of any information presented in this website.
None of the information on these pages is legal advice, it is public information that we assembled to help save you time. Rules and regulations do change and we have made every effort to ensure the accuracy of the information listed on this page; however, it is ultimately your responsibility to make sure the information you use to make business or legal decisions are accurate. We highly recommend you do your own additional research and seek assistance from a competent legal professional for any decisions you make.