Professional Documents
Culture Documents
1st Rate Financial Services (1st Rate) will work to improve your credit by challenging the credit
items that you believe to be inaccurate, unverifiable, misleading or outdated. We will use federal
law to enforce your right to have all improper credit listings corrected or deleted from your credit
report. As long as you are enrolled, we will communicate with the three major credit bureaus in
order to communicate your disputes whenever we receive credit reports from you. We will follow
up with the credit bureaus to get your derogatory inaccurate, unverifiable, misleading or
obsolete items deleted from your credit report. When appropriate, we may contact your creditors
directly to encourage them to report your credit history accurately.
Deletion of your disputed credit items takes a minimum of three months and may take as long
as 12 months. In rare cases, it may take longer than 12 months. If we feel that your credit repair
process will take longer than 12 months, we will notify you in writing. Generally, however the
total charges will range between $247 and $808 for an individual, depending on the plan chosen
and the number of errors on the credit reports. You may cancel this agreement at anytime by
mailing us a completed and signed Notice of Cancellation, attached to this agreement. Since
you may cancel at anytime it is impossible for us to describe how long your agreement will last.
There is no guarantee that any item that we dispute on your behalf will be removed by the credit
bureau(s), but we will do our best to accomplish that goal. We cannot ensure that any accurate,
verifiable credit items will be permanently be removed from your credit report.
4. Obtain your credit reports from Trans Union, Experian and Equifax and forward them to
us via mail. (Mail us the originals; you will keep copies).
5. We will analyze your credit reports. You will let us know which items you wish to dispute and
on what grounds.
6. Mail us copies of all correspondence that you receive from the credit bureaus as you receive
them so that we may respond appropriately.
7. Notify us of any change of address, telephone numbers or e-mail addresses.
8. If referred by a lender (mortgage broker), you agree to have 1st Rate keep the lender who
referred you to us, up to date on the status of your case.
9. 1st Rate is located in and governed by the law of the State of Florida. Any action brought
concerning this agreement or the relationship it creates shall be brought only in Palm Beach
County, Florida. You and 1st Rate agree to submit to the personal and exclusive jurisdiction of
courts located within Palm Beach County, Florida.
10. You will notify us when you wish to cancel your agreement in writing.
Warranty
If, at any time, you are not satisfied with the results of our work, let us know. We will refund
100% of your money if we do not remove or correct more than 25% of the negative line items
that appear on each of the three major credit bureaus, that we work on, within six months from
the time you sign up.
In order for the warranty to apply, you must have at least four negatives on the credit report at
the time of sign-up, and may not have used a credit repair agency nor attempted to repair your
credit in the past two years. Unpaid collections and unpaid charge-offs do not qualify for the
warranty and are not included. In order for the warranty to remain in effect, you must send
updated reports from each of the three credit bureaus to us within 5 days of receipt. You should
receive updated reports every 15-45 days. It is your responsibility to make us aware when you
have not received updated reports within this period.
By signing below you acknowledge receipt of the Consumer Credit Rights form and two
Notices of Cancellation forms.
You, the buyer, may cancel this contract at any time prior to midnight of the fifth day after
the date of the transaction. See the attached notice of cancellation form for an
explanation of this right.
Date:____________________
Signature:_______________________
by ________________________ Date:______________________