LIFETIME WARRANTY FOR TWO - NOVEMBER
Whereas, I (”the Client”) desires to retain the services of LSI Credit Inc. for the purpose of consulting the Client’s credit profile, helping Client to establish new credit, and help improve Client’s credit and possibly negotiate settlements on unpaid collections.
This agreement spells out the specific terms under which our company, LSI CREDIT INC., hereafter "LSI CREDIT INC." will work to remove or correct on Client’s credit reports negative items that are misleading, obsolete and/or inaccurate. By submitting this form Client agrees to adhere to all terms contained within this agreement.
LSI CREDIT INC. makes no express or implied promises or guarantees as to the result or outcome of its services except as outlined in this agreement.
A. Services To be Provided By LSI Credit Inc.:
1. Initial Consultation And Work Plan
LSI Credit Inc. agrees to evaluate the Client’s current credit profile and will advise Client on the necessary steps to legally dispute information that is not accurate, complete, or verifiable. The Client understands that the removal of information from the credit bureau’s file does not necessarily relieve the financial obligation to the creditor. After this initial consultation is complete, Client will pay LSI Credit Inc. $277.50.
2. Scope Of Credit Services Work (“SOW”)
After the initial consultation, LSI CREDIT INC. will use federal and state law in the attempt to correct errors and other misleading information found in Client’s credit reports by challenging the credit items that Client identifies to LSI CREDIT INC. as inaccurate, misleading, or unverifiable. When Client receives legible copies of Client’s credit reports, Client will send the documentation to LSI Credit Inc.
For a 90-day period, LSI Credit Inc. will perform work to include the following:
● Prepare and send disputes to the three major credit reporting agencies disputing all inaccurate negative items Client identifies
● Contact each creditor and request validation of every inaccurate negative item
● Verify unpaid collections by contacting collection agencies and requesting validation
LSI CREDIT INC. will prepare all necessary correspondence in disputes of inaccurate derogatory information on Client’s credit report.
After LSI Credit Inc. has completed this scope of work, Client shall pay LSI Credit Inc. $4717.50 which payment shall also entitle Client to the warranty described below.
3. LSI Credit Inc.’s Warranty
For a period of a lifetime after LSI Credit Inc. has completed its scope of work as described above, LSI Credit Inc. shall perform the following:
● Upon request by client, annual review of 3B SmartCredit reports provided by Client;
● Two rounds of challenges of any inaccuracies that are newly reported or re-reported after completion of the SOW with the 3 major Bureaus on all current and future negative items;
● If any new collections are reported any time after completion of the SOW, verification of debt is included;
● Review and approve all negotiated settlement agreements and forward to Client for payment to be made by Client directly to creditors;
● Facilitate payment arrangements on medical bills and student loans;
● Negotiations with Law Offices on any pending judgments and assist with payment arrangements;
● Consultations on rebuilding Personal Credit;
● Consultations on establishing and building Business Credit;
B. Client Agrees:
A. To promptly notify LSI Credit Inc. of negative items within Client’s credit reports that Client believes to be accurate or should remain as reported on Client’s credit reports.
B. Client further agrees to notify LSI CREDIT INC. if Client has not received answers from the credit bureaus within forty-five days of the date of this agreement. Client agrees to consult with LSI CREDIT INC. when applying for credit while LSI CREDIT INC. is assisting Client with our services.
C. To mail legible copies of Client’s credit reports (if not previously provided) to LSI Credit Inc. within 5 days of obtaining them during our service.
D. To, during the Contract Period, promptly forward to LSI Credit Inc. copies of all correspondence that Client receives from the credit bureaus, furnishers or others as the result of LSI Credit Inc.’s efforts on Client’s behalf, and promptly inform LSI Credit Inc of any change of address.
E. That Client authorizes LSI Credit Inc. to discuss Client’s case with Client’s spouse.
F. That this Agreement constitutes the entire agreement between Client and LSI Credit Inc. and may only be modified in writing.
G. That this Agreement shall be construed and interpreted under the laws of the State of Washington.
H. That, except as otherwise provided by law, LSI Credit Inc. and Client agree to resolve any dispute arising out of or relating to this Agreement by binding arbitration to be held in Seattle, Washington, by a single arbitrator to be selected jointly by the parties. The arbitrator will be empowered to determine reasonable rules relating to discovery and other procedural matters, and will be guided in such determinations by the rules of the American Arbitration Association. Judgment on the arbitration may be entered in any court with jurisdiction over the subject matter of the controversy or personal jurisdiction over the judgment debtor.
I. That, except as otherwise provided by law, if any dispute arises between parties with respect to the matters covered by this Agreement that leads to proceedings to resolve the dispute, the prevailing party in the proceeding will be entitled to recover its reasonable attorney’s fees, expert witness fees, and out-of-pocket costs incurred in connection with the proceeding, in addition to any other relief that may be awarded.
J. All notices pursuant to this Agreement shall be in writing, except as provided herein, and shall be hand delivered or mailed by first class mail, postage prepared to:
LSI Credit Inc.
733 7th Ave Suite 202 Kirkland, WA 98033
Client hereby agrees to indemnify, defend and hold harmless LSI Credit Inc. and, whose credit services are provided by therein, its shareholders, officers, directors, employees, agents, affiliates, successors and assigns, from and against any and all claims, demands, losses, liabilities, damages or expenses (including attorneys' fees and costs) of any nature whatsoever incurred or suffered by LSI Credit Inc. (collectively the "Losses"), in so far as such Losses (or actions in respect thereof) arise out of, are related to, or are based on (i) any act, omission, fault, or negligence of Client in connection with this Agreement; (ii) the breach of any representation or warranty made by Client herein; or (iii) or any claim related to LSI’s site.
D. Authorization for Special Power of Attorney
Client agrees to execute an authorization that grants LSI Credit Inc. the right to act on Client’s behalf to contact the credit bureaus, collection agencies, financial institutions, or banks for the purposes of investigating the information that appears on Client’s credit report. LSI Credit Inc. will thereby be authorized to sign all documents on Client’s behalf for the purposes of challenging and verifying account information to all creditors and credit bureaus, including, but not limited to, requesting credit reports, and to negotiate with Client’s creditors and collection agencies to settle any outstanding accounts Client owes.
E. Right of Cancellation
You, the Client, 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.
I have read this Service Agreement and Disclosures; I fully understand and agree to its terms and conditions. Failure of Client to abide by this agreement may result in cancellation at the option of LSI Credit Inc. Nothing has been promised to me that is not in this agreement.