Federal and state law require certain disclosures for credit services organizations. Please read the following carefully.
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 Organizations Act. This law prohibits deceptive practices by credit repair organizations.
Your Right to Cancel
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. Any contract for credit repair services must be in writing and must fully disclose your rights.
Not a Lender or Law Firm
Summit Stone Capital Partners is a credit services and consulting organization. We are not a lender, bank, or law firm, and we do not provide legal advice. Loan and funding approvals are made solely by third-party lenders based on their own underwriting criteria. We do not guarantee that you will qualify for any loan, funding, or credit product.
No Guarantee of Results
We do not guarantee any specific outcome. Results vary based on individual circumstances, the accuracy of credit information, and creditor and bureau responses. Any examples of results are not a promise or guarantee of your results.
Lending Disclosures
Home lending services, including remodeling loans, refinancing, and investment property loans, are offered through third-party lending partners. All loans are subject to lender approval, creditworthiness, property evaluation, and applicable terms. Rates and terms are set by lenders and are subject to change. Summit Stone Capital Partners does not make credit decisions or fund loans directly.
Questions
If you have questions about these disclosures or your rights, contact us at (469) 799-4800 or through our contact form. You may also contact the Federal Trade Commission or the Consumer Financial Protection Bureau for more information about your rights.