All rights reserved.
Credit
Restoration
INFORMING YOU
OF YOUR RIGHTS
               

              INFORMING YOU OF YOUR RIGHTS
              PURSUANT TO STATE OF ILLINOIS

  I.         INFORMING YOU OF YOUR RIGHTS PURSUANT TO CREDIT REPAIR   
             LAWS FOR THE STATE OF ILLINOIS.
             605/5. Prohibited acts

§ 5. No credit services organization, its salespersons, agents or       
representatives, or any independent contractor who sells or attempts to sell the
services of a credit services organization shall:
(1) Charge or receive any money or other valuable consideration prior to full   
and complete performance of the services the credit services organization has
agreed to perform for or on behalf of the buyer, unless the credit services
organization has, in conformity with Section 10 of this Act, obtained a surety
bond issued by a surety company licensed to do business in this State. If a
credit services organization is in compliance with this subsection the
salespersons, agents, and representatives who sell the services of such
organization shall not be required to obtain the surety bond provided for by this
Act.
(2) Charge or receive any money or other valuable consideration solely for the   
referral of a buyer to a retail seller who will or may extend credit to the buyer if
such extension of credit is in substantially the same terms as those available to  
the general public.
(3) Make, or advise any buyer to make, any statement that is untrue or   
misleading, or that should be known by the exercise of reasonable care to be    
untrue or misleading, with respect to a buyer's credit reporting agency or to any
person who has extended credit to a buyer or to whom a buyer has made   
application for an extension of credit.
(4) Make or use any untrue or misleading representations in the offer or sale of
the services of a credit services organization or engage, directly or indirectly,
in any act, practice or course of business intended to defraud or deceive a
buyer in connection with the office or sale of such services; including but not
limited to: the amount or type of credit a consumer can expect to receive as a
result of the performance of the services offered; the qualifications, training or  
experience of its personnel; or the amount of credit improvement the consumer
can expect to receive as a result of the services.

II.         SURETY BOND 605/10
           605/10. Surety bond

§ 10. If a credit services organization is required to obtain a surety bond
pursuant to paragraph (1) of Section 5 of this Act, the following procedures shall
be applicable:

(a) If a bond is obtained, a copy of it shall be filed with the Office of the
Secretary of State.

(b) The required bond shall be in favor of the State of Illinois for the benefit of
any person who is damaged by any violation of this Act. The bond shall also be
in favor of any person damaged by such practices. Any person claiming against
the bond for a violation of this Act may maintain an action at law against the
credit services organization and against the surety. The surety shall be liable
only for actual damages and not the punitive damages permitted under Section
11(b) of this Act. The aggregate liability of the surety to all persons damaged by
a credit services organization's violation of this Act shall in no event exceed the
amount of the bond.

(c) The bond shall be in the amount of $100,000 and shall be maintained for a
period of 2 years after the date that the credit services organization ceases
operations.


III.        INFORMING YOU OF YOUR RIGHTS
           It Is Required That We Inform You Of Your Rights

You have a right to dispute inaccurate information on your credit report by
contacting the credit bureau directly. However, neither you nor any "credit
repair" company or credit restoration N.F.P. 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
the 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 on 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 Restoration N.F.P., that violates the Credit Repair
Organization Act. This law prohibits deceptive practices by Credit Restoration
N.F.P.  You have the right to cancel your contract with any credit restoration
N.F.P., 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 restoration N.F.P.  For more information contact:


The Public Reference Branch
Federal Trade Commission
Washington, D.C. 20580



IV.         FINAL NOTE      [BE AWARE]

ANY PERSON(S) OR ENTITY THAT DOES YOUR REPAIR, AND CHARGE YOU UP  
FRONT (THEY USUALLY ADVERTISE CREDIT REPAIR FOR $100.00 - $200.00)
IS IN VIOLATION OF THE LAW, AND MAY BE PERFORMING FRAUD UPON YOU,  
UNLESS THEY HAVE A SURETY BOND REGISTERED AND ON FILE WITH THE
SECRETARY OF STATE SHOWING IN FAVOR OF THE STATE OF ILLINOIS.
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