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 from each of the three nationwide credit bureaus once every 12 months at AnnualCreditReport.com.

You have a right to sue a credit repair organization that violates the Credit Repair Organizations Act. This law prohibits deceptive practices by credit repair organizations.

You have a 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 reinvestigate 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 following information must be removed from your report after the stated period of time:

• Bankruptcies after 10 years.
• Information about criminal convictions may be reported without any time limit.
• Information about a civil lawsuit or a civil judgment can be reported for 7 years.
• Paid tax liens and accounts in collection generally must be removed after 7 years.
• Most other negative information must be removed after 7 years.

There is no time limit on reporting information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you've applied for more than $150,000 worth of credit or life insurance.

You have the right to seek damages from a credit repair organization, a credit bureau, or a creditor that violates your rights under the Credit Repair Organizations Act or the Fair Credit Reporting Act.

For more information, including information about additional rights, contact:

By signing a service agreement with Limitless Credit Repair, you acknowledge that you have received and read a copy of this "Consumer Credit File Rights Under State and Federal Law" disclosure, in compliance with the federal Credit Repair Organizations Act.