Disclosures
Required disclosures under the Credit Repair Organizations Act (CROA, 15 U.S.C. §§ 1679–1679j) and a summary of consumer rights under the Fair Credit Reporting Act (FCRA, 15 U.S.C. § 1681).
A. Credit Repair Organizations Act
MagnusCreditRepair is a credit repair organization within the meaning of CROA. The four obligations below apply to every paid engagement.
Written contract before services begin
Every paying consumer signs a written contract before any service is performed. The contract enumerates the services, total cost, timeline, the consumer's right to cancel, and the credit repair organization's address.
Three-day right of cancellation
Consumers may cancel the contract within three business days of signing, without penalty and without obligation to pay.
No upfront fees
Payment may not be collected until the services have been fully performed. Disputes engaged for must be filed before any related charge.
First-setup disclosure
Before signing the contract, consumers receive the federally mandated notice titled "Consumer Credit File Rights Under State and Federal Law" (15 U.S.C. § 1679c).
B. Consumer Credit File Rights Under State and Federal Law
The federal first-setup disclosure required by 15 U.S.C. § 1679c is a fixed text. Counsel pastes the verbatim statutory language into this section before any paid service is offered.
TODO[legal]: Paste the verbatim "Consumer Credit File Rights Under State and Federal Law" notice from 15 U.S.C. § 1679c into this block before launch. Reference: docs/compliance-creditrepair.md §1d.
Plain-language summary of the rights the federal notice communicates, kept here as developer scaffolding only:
- You have the right to dispute inaccurate information in your credit file directly with the credit bureau at no cost.
- Non-profit credit counseling services may be available to you in your area.
- You can do for yourself, for free, anything a credit repair organization can do for you for a fee.
- Accurate, current information cannot be permanently removed from your credit report.
- You have a right to sue a credit repair organization that violates CROA.
- You have the right to cancel your contract with a credit repair organization within three business days of signing.
Counsel must replace this summary with the verbatim federal text before any paid service is offered.
C. Fair Credit Reporting Act — your rights
FCRA § 611 governs the bureaus' duty to investigate disputes you submit. Letters drafted by MagnusCreditRepair frame the request as a § 611 reinvestigation and include the elements listed below.
- Consumer identification (name, current and prior addresses, date of birth, last four of SSN)
- Bureau-specific addressing (Equifax, Experian, TransUnion)
- Tradeline identification (creditor name, account number mask, disputed item)
- Dispute reason mapped to a clear sentence
- Statutory citation to FCRA § 611, framed as a reinvestigation request
- Demand to verify or remove within the statutory window
- Method-of-verification request for follow-up letters under FCRA § 611(a)(7)
- Signature line (digital signature integration via magnussign)
TODO[legal]: The CFPB publishes a model "Summary of Your Rights Under the Fair Credit Reporting Act" form. Counsel pastes the model-form text into this block before launch.
D. PII handling
We never store the full Social Security number. Only the last four digits are retained, and only for bureau identity-match purposes. Date of birth is stored as a calendar date with no time component. Addresses are retained to support bureau verification and dispute letter auto-fill. Free-text inputs that may contain sensitive identifiers are redacted before they reach our AI gateway.
E. AI output disclaimer
Every letter, summary, and coaching recommendation produced with AI assistance carries the disclaimer below. Unreviewed AI output is never sent on your behalf.
AI draft — review and edit before submitting. Never send unreviewed AI output.
This page is a developer scaffold for the consumer-facing disclosures. Sections A and E render production-bound copy. Sections B and C carry TODO[legal] markers; counsel must paste the verbatim federal text before launch. See terms and privacy policy for related documents.