Definition: Consultant is an authorized agent of Credit Repair Specialists Credit Repair Specialists is abbreviated as CRS. Client authorizes CRS to analyze Client's personal credit reports. Client authorizes CRS to prepare correspondence on behalf of Client to be sent to all three major credit bureaus which are CSC/Equifax, TransUnion, and Experian. Credit bureaus are required to follow reasonable procedures to ensure that the information reported on consumer credit files is accurate. However, mistakes may occur. Negative or adverse effects on a consumer can result from the existence of any inaccurate, misleading, outdated, or obsolete/non-verifiable information on a consumer's credit file/report. Client is now seeking assistance from CRS to prepare correspondence to be sent on Client's behalf to the three major credit bureaus. This correspondence will dispute specific items identified by the Client which is believed by the Client to meet one of the following criteria: inaccurate, misleading, outdated, obsolete/non-verifiable.

Client authorizes CRS to prepare all the necessary correspondence for clarification of certain derogatory information which may be contained in Client's credit file/report. Client agrees to indicate to CRS which items to dispute and how to specifically dispute each item to the three credit bureaus. Client agrees to write their initials beside each item Client has a legitimate cause to dispute on their comprehensive credit report received by Client. Legitimate causes are the account is inaccurate, misleading, outdated or obsolete. Client understands their initials beside an account indicates that the Client has a dispute against this account and that this account is authorized to be included on correspondence prepared by CRS on behalf of Client.

The following are "3 Clarifications" of the significance of a Client placing their initials beside an account on their personal credit report:

1st Clarification: Client's initials beside an account indicate this item has been chosen by Client to be included in correspondence prepared by CRS to be disputed at the credit bureau associated with said item.

2nd Clarification: Client's initials beside an account and with no further remarks made by the client indicates the Client believes this particular account does not belong to the client thus the Client disputes ownership of this particular account. If Client writes remarks beside an account, in addition to their initials, then CRS agrees to represent this item according to Clients remarks.

3rd Clarification: Client has specifically instructed Consultant and CRS how to represent the dispute of each item on correspondence to be prepared on Client's behalf. After Client has initialized the items on his/her credit report, Client agrees to sign the Credit Repair Instructions form which indicates the Client understands the nature of his/her dispute and has adequately instructed CRS on how to represent each item initialed by Client. If Client fails to instruct CRS on how to represent initialed items, CRS will produce no correspondence on Client's behalf and credit repair progress will be suspended until Client has initialized each item to be disputed and has specified the specific nature of the dispute.

Client signs all letters of correspondence to be sent to the three national credit bureaus. CRS, at its discretion, may keep for their records all correspondence and materials used and produced by CRS. However, the Client has the right to review their own records at no charge to the client. Client will provide CRS 24 hours notice during normal business hours of their desire to review records.

Consultant further agrees to assist Client in the initial procurement of credit reports. Client has the right to obtain a copy of their credit report from a credit bureau. Client may be charged a reasonable fee. There is no fee, however, if client has been turned down for credit, employment, insurance, or a rental dwelling resulting from information contained in Client’s credit report within the preceding 60 days.

Consumer information becomes obsolete after seven years. Bankruptcy information becomes obsolete after ten years. After said time frame, the Fair Credit Reporting Act states that information is obsolete and should not be reported. However, obsolete information is often not removed in a timely manner by the three nationwide credit bureaus: EXPERIAN, CSC/EQUIFAX, and TRANS UNION. CRS will assist Client in removing obsolete information in addition to information that is misleading, inaccurate, or cannot be verified. Nonprofit credit counseling services are available for consumers who are currently behind in bill payments or need help in budgeting financial affairs.

Services to be performed: CRS Performance Guarantee "CRS guarantees to improve clients’ credit before charging payment for credit repair." CRS guarantees to improve client credit profile by utilizing methods found in the Fair Credit Reporting Act. Improvement is defined as the removal of at least one negative item on Client’s credit report from one of the three nationwide credit bureaus also known as consumer reporting agencies. An estimate of the date of completion for performance of services and guarantee is 45 days from start date of contract. It is the Client’s right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by that consumer reporting agency. Missouri Credit Services Organization, Chapter 407, requires the statement that accurate information cannot be permanently removed from the files of a consumer reporting agency.
Client must forward all correspondence-credit reports received in the mail within 10 days of receipt.
It is extremely important to send credit reports immediately to CRS.

Client is responsible for notifying CRS by certified mail when credit reports are not received by client at their home address on the date indicated by CRS correspondence given to client at the initial consultation. Client must notify CRS before date due of first payment if Client has no improvement or no credit reports. Otherwise, CRS will assume improvement and deposit funds scheduled for pre-authorized automatic debit. Credit Repair Specialists maintains a surety bond as required by the Laws of the State of Missouri for Credit Services Organization Chapter 407, subdivision (1) of section 407.638. Client may proceed against surety bond if this Credit Service Organization is in violation of MO State Law section 407.638 Prohibited activities. This surety bond is maintained by AMCO Insurance Company, with its principal office in the City of Des Moines, Iowa. Surety Bond # is BDA 652673.

There is a $20 Processing Fee for Returned Checks “NSF.” Returned Checks must be replaced with cash or money order within one business day (24 hours).