Approved Financial Solutions Cardholders
Approved Financial Solutions has access to one or more undisclosed private individuals (“Cardholder”) who have been evaluated and received a FICO score based on the credit history of those private individuals. Each such Cardholder possesses a positive FICO credit score and has agreed to maintain a continually positive credit history on the accounts leased by Broker.
By signing this document, you give Approved Financial Solutions, LLC permission to act on your behalf with signature authority for the purpose of adding the Tradeline to your credit account.
Each Cardholder possesses one or more credit card accounts that have the capability to add “authorized user positions” to those accounts. Approved Financial Solutions has contracted with a wholesaler as a broker. The wholesaler has contracts with each of these Cardholders to allow the access add Lessee as an authorized user to one or more of Cardholder’s credit card accounts, if Lessee meets all qualifying criteria and complies with all terms and conditions in this Agreement
Assumption of Risk. Lessee understands and assumes the inherent security risks involved with the provision, delivery or transfer of Lessee’s confidential information to Approved Financial Solutions, regardless of the form of transmission. Although we will attempt in good faith to safeguard and protect Lessee’s confidential and personally identifiable information, Broker cannot guarantee that this confidential information will not be stolen or accessed by an unauthorized third party (i.e. Hackers). Accordingly, Lessee assumes all risk for any breach of confidentiality or security that may occur with respect to the sharing of Lessee’s confidential information with Broker. Lessee acknowledges and agrees that any actual damage it suffers as a result of Broker’s intentional or grossly negligent failure to safeguard and protect Lessee’s confidential information shall be subject to the Limitation of Liability provision.
AUTHORIZATION Client hereby grants to FCFM full authority to use his/her information for the sole purpose of adding him/her to the selected tradeline, as well as for any other purpose necessary to accomplish the goals of this agreement. In furtherance thereof, Client authorizes FCFM to perform any and all acts necessary to accomplish the goals of this agreement.
USE OF FALSE OR UNAUTHORIZED INFORMATION, Client agrees that he/she shall not use, provide, or submit to Approved Financial Solutions, any alternate Social Security Number (SSN), or other similar information that is false, fraudulent, illegal or unauthorized. Upon the discovery of such false, fraudulent, illegal or unauthorized information, Approved Financial Solutions shall have the absolute right to terminate this agreement, discontinue its services, and reverse any services previously performed (ie, remove the Client from any tradelines to which he/she has been added by Approved Financial Solutions). Client agrees that in that event, any and all fees, costs and other money and funds of any kind paid to Approved Financial Solutions shall not be refunded to Client, but shall be retained and considered to be liquidated damages for Client’s breach of this agreement
ABSENCE OF GUARANTEE/SERVICES PROVIDED
Client understands and agrees that COMPANY cannot, and does not, make any predictions, promises, guarantees, warranties or assurances of any kind with regard to the result or effect of its services on Client’s credit score or other component of credit worthiness. COMPANY does not make any claims as to the improvement of the Client’s credit rating or the removal or correction of any items appearing on the Client’s credit report(s).
LIMITATION OF LIABILITY
Client agrees that any liability on the part of COMPANY for any damage of any kind that may result from any alleged breach of any part of this agreement or any other act or omission alleged on the part of COMPANY, whether in contract, tort or otherwise, shall be limited to the amount of any fees actually paid by Client to COMPANY under this agreement. Client further agrees that COMPANY shall not be liable for the acts or omissions of any third party, including but not limited to our credit partners, without regard to whether that third party claims to be, or is in fact, acting on behalf of, at the direction of, or pursuant to any instructions or information provided by COMPANY.
LIMITATION OF ACTIONS
Client agrees that no action, proceeding or litigation arising out of, with respect to, or in any way related to this agreement may be brought against COMPANY more than six (6) months after the first date upon which the basis of that action could have reasonably been discovered through the exercise of due diligence.
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