Credit Repair Contract Texas

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					                                          CREDIT SERVICES AGREEMENT
Purpose of Agreement
The purpose of this Credit Services Contract Agreement (herein referred to as the “Agreement”) is to establish a relationship
between _______________________________________________________ (herein referred to as “Client”), and SCHLIKER
NICHOLS & RITZWOLLER (herein referred to as “SNR”) for the provision of credit services.

Terms of Agreement & Scope of Work
Client hereby hires SNR to provide credit services under Chapter 393 of the Texas Finance Code. Services may include, but
are not limited to, communication with creditors, third party debt collectors, sureties, credit reporting bureaus, investigating
and/or disputing the credit reports and/or alleged debts of Client, and/or attempting to correct and/or remove erroneous or
inaccurate information from Client’s credit report(s). Client warrants that Client has not and will not hire(d) any other person
or entity to perform credit services during the term of this Agreement. The only way for Client to accept the terms of this
Agreement is for Client to sign his/her name on the line provided below and return it to SNR.

Non-Attorney Disclosure & Waiver
Client understands SNR is not a law firm and no one at SNR is an attorney. Client agrees to consult an attorney should Client
have legal questions. Client agrees to construe nothing from SNR as legal advice. Client agrees to indemnify, hold harmless,
and waive all claims against SNR, its partners, both professionally and individually, whether in contract or tort, including
claims for negligence or gross negligence, that are not explicitly authorized by Chapter 393 of the Texas Finance Code. Client
acknowledges receipt of disclosures entitled Consumer Credit File Rights Under State and Federal Law and two copies of a
sample notice of cancellation pursuant to Section 393.202 of the Texas Finance Code.

Termination of this Agreement
This Agreement will automatically expire 180 days after its execution. However, any payment obligations owed by Client
under this Agreement shall remain in effect until satisfied along with all rights and remedies available to SNR as to the
enforcement of this Agreement. You, the buyer, may cancel this contract at any time before midnight of the third day
after the date of the transaction. See the attached notice of cancellation form for an explanation of this right.

Cooperation Amongst the Parties
The parties agree to cooperate with each other in good faith during the work described herein. Client agrees to provide SNR a
copy of all documentation Client receives from any creditor, debt collector, credit bureau, or other entity related to this
Agreement within five (5) days of Client’s receipt of said documentation.

Terms of Payment
Client agrees to remit a sum of $100.00, to be held in escrow, upon execution of this Agreement. SNR agrees not to use,
spend, or deposit the escrowed monies into its general account unless permitted herein. SNR will return the deposit to Client,
in full, if SNR fails to achieve at least one positive result for Client within 90 days from this Agreement and receipt of both
client’s escrow deposit and Client’s power of attorney. Otherwise, the deposit will become SNR’s in addition to monies owed
as follows. Client further agrees to pay $100.00 to SNR per item/account/trade-line which is removed from Client’s credit
report(s) or corrected in Client’s favor. All prices include costs and expenses, but exclude costs necessary to enforce this
Agreement. If Client fails to pay SNR as agreed SNR reserves the right to report the account to a third party debt collector
and/or one or more credit reporting bureau, and charge late fees of $25 per week. Further, if client fails to make payment as
agreed herein, then Client hereby grants a lien to SNR against Client’s real, personal, business personal, or other non-exempt
property. Client agrees to make payment within 7 days of receipt of each invoice and supporting documents from SNR.

Agreement Supremacy, Severance, Location of Performance, Governing Law, Principal Office, and Registered Agent
This Agreement is entire and supreme to any other agreement between Client and SNR, express or implied, and is amendable
only by written agreement of the parties. If any portion or clause of this Agreement is held void, unlawful, or invalid, all other
provisions remain in full force and effect. Client agrees to pay all costs associated with the enforcement of this Agreement.
All obligations of performance under this Agreement, including the presentation of payment by Client, shall be performed and
rendered exclusively in Bandera or Bexar County, Texas. SNR is a Texas credit services organization operating in Texas and
under Texas law. The parties agree that this is a Texas contract and that all rights and/or remedies shall be construed under
Texas law. Client represents that Client is entering/staying in Texas and doing business with a Texas entity, not visa versa.
Client represents that Client is a Texas resident or domiciliary and wants to be treated as such under this Agreement. SNR’s
principal office is at 1637 San Francisco Street, San Antonio, Texas 78201. The agent for service is Justin P. Nichols.

  IN WITNESS WHEREOF, this Agreement is executed on this ________ day of __________________________, 20____.



  _____________________________________________                   SCHLIKER NICHOLS & RITZWOLLER
  Client: _____________________________________                   By: Justin P. Nichols, Managing Partner
               CREDIT SERVICES CONTRACT ADDENDUM

                 ***** READ THIS DOCUMENT IN FULL *****

This Contract Addendum is between Schliker Nichols & Ritzwoller (“we” or “us”) and
_______________________________________ (“your”, “you”), and is in addition to the Credit
Services Contract Agreement which you previously signed with us. This Addendum does not
change or replace our original agreement, but is a set of additional terms to which you agree.

During the credit repair process, it is necessary for you to do and/or not do certain things. First
and foremost, it is extremely important that you tell us the truth. If you’re not completely
forthcoming it will make it difficult to help you. The facts might not always be in your favor, but it’s
important that we know them so that we can do our best to serve you.

The purpose of this Addendum is to clearly outline exactly which you need to do, and need to
avoid doing while we are working on your credit. It is important that you understand and adhere
to the following terms while we’re working on your credit:

     1)   You must pay every bill you receive on time, even if you make the minimum
          payment. A new late payment can lower your credit score up to 100 points, and there is
          nothing we can do to fix it. Credit repair does not mean you stop paying your bills as
          normal, and if you pay bills late and your score(s) go down because of it, we’ll still
          invoice you for the accounts which we repair per our agreement.

     2)   Don’t open any new accounts or close any existing accounts without
          checking with us first. Depending on the type of account you open or close, it can have
          a negative impact on your credit score, and its important that we discuss this with you
          before you take action;

     3)   Send us a copy of everything you receive from a credit bureau or debt collector.
          It’s very likely that the credit bureaus or debt collectors will contact you directly through
          the mail. While you don’t need to send us regular invoices from creditors (i.e. electric
          bills, telephone bills, etc.), we need you to email, fax, or mail us a copy of all letters or
          other reports you receive from credit bureaus or debt collectors;

     4)   Pay the invoices you receive from us on time. Payment is due in full within 7
          days of each invoice. We don’t offer payment plans. Because of the nature of credit
          repair, it’s not possible to treat accounts as revolving lines of credit, and it’s important
          that you honor the “pay as you go” nature of our agreement. We may stop work once
          an invoice becomes past due. You agree not to close on any real estate transaction
          while you have an outstanding balance with us. This document may be sent to a
          title or mortgage company or filed with the county clerk to prevent closing until any
          outstanding balance is paid to SNR.

I certify that I have read the above Contract Addendum, its terms, and agree to abide by them.


__________________________________                    Dated: _________________
Signature of Client

___________________________________
Printed Name of Client
      IMPORTANT DISCLOSURES ABOUT YOUR RIGHTS AS REQUIRED BY LAW
Pursuant to 15 USC §1679c, you are provided with the following disclosures:

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 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 repair organization that violates the Credit Repair Organization Act. This law prohibits deceptive
practices by credit repair organizations. You have the 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 Federal Trade Commission regulates credit bureaus and credit repair organizations. For more
information contact: The Public Reference Branch, Federal Trade Commission, Washington, D.C. 20580.

NOTICE OF NON-PROFIT CONSUMER COUNSELING PURSUANT TO §392.105(9), TEXAS FINANCE CODE:
There are non-profit, credit counseling services available to you. Credit counseling services work with your creditors to
consolidate debts, reduce interest rates, reduce or remove fees, and accept monthly payments so you can pay off debts
faster than you normally might be able to if the accounts were still open under your original agreement with the creditor.
If you’re interested in credit counseling you may call (800) 270-6696 or visit www.aadmo.org.

Pursuant to Section 393.202 of the Texas Finance Code, below are two detachable copies of a cancelation notice.

                                                     FIRST COPY
                                               Notice of Right of Cancellation
You may cancel this contract, without any penalty or obligation, within three days after the date this contract is
signed. If you cancel, any payment made under this contract will be returned within 10 days after the date of
receipt by the seller of your cancelation notice. To cancel this contract mail or deliver a signed dated copy of
this cancelation or other notice to 1637 San Francisco Street, San Antonio, Texas 78201. This contact may be
cancelled not later than midnight on the third day following the date you sign this contract.

I hereby cancel this contract.

Name:_____________________________ Signature: ____________________________ Date: ________
                                                     (detach here if desired)
                                                  SECOND COPY
                                               Notice of Right of Cancellation
You may cancel this contract, without any penalty or obligation, within three days after the date this contract is
signed. If you cancel, any payment made under this contract will be returned within 10 days after the date of
receipt by the seller of your cancelation notice. To cancel this contract mail or deliver a signed dated copy of
this cancelation or other notice to 1637 San Francisco Street, San Antonio, Texas 78201. This contact may be
cancelled not later than midnight on the third day following the date you sign this contract.

I hereby cancel this contract.

Name:_____________________________ Signature: ____________________________ Date: ________

				
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Description: Credit Repair Contract Texas document sample