IMPORTANT CREDIT DISCLOSURES FOR YOUR CREDIT CONNECT, LLC/DOTCOMLESSONS, LLC CREDIT PROGRAMS
You are applying for both the Dotcomlessons, LLC/Your Credit Connect, LLC Revolving Credit Account. Below are important disclosures about the interest rates, fees, and other terms of our credit programs.
You will receive an email for updated terms & conditions
Brief Summary of the DOTCOMLESSONS/YOUR CREDIT CONNECT Revolving Credit Account Terms:
0% Interest Rates - Currently, there are no interest charges on your overall balance.
Late Fee - Up to $25.00. (Ten days after your due date)
Returned Payment Fee - Up to $40.00
We actively report to two of the three major credit bureaus, TransUnion and Experian. We report the status of all loans at the beginning of each month for the previous month. Your first update from our reporting agency may take 30-90 days to show on your credit report. However, when it does report it will report from your very first payment. Items reported include: payment history, account balance, and account age.
During your Application Qualification Inquiry, we may conduct an eligibility inquiry (known as a “soft credit pull”) through the Credit Bureaus to determine whether you initially qualify for a personal Dotcom Lessons credit account. This inquiry does not affect your credit score. You certify that your Application Qualification Inquiry on the site is a transaction that you initiated with Dotcom Lessons. You further understand and acknowledge that by submitting your Application Qualification Inquiry on the Site during the Application Qualification Inquiry process, you are providing written instructions to Dotcom Lessons, LLC under the Fair Credit Reporting Act, which authorizes Dotcom Lessons, LLC to obtain information from your personal credit profile and/or other information from the Credit Bureaus. Upon your request, we will inform you of the name and address of any Credit Bureau from which we obtained your consumer report.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided below.
Summary Disclosures Only: This document contains important disclosures about the Dotcomlessons/Your Credit Account Revolving Credit Account ("Revolving Credit Account"), but it is not your complete Credit Account Agreement. Your Credit Account Agreement will be sent to you and is also available online. Please read these Disclosures and that Agreement carefully, and keep them for your records. The Credit Account Agreement will explain how the Agreement may be changed, and that DotComLessons, LLC. may sell, assign or transfer your account or any portion thereof.
CHANGE OF TERMS: Account and agreement terms are not guaranteed for any period of time. I understand and agree that you may amend, modify, add to, or delete from this Agreement and Disclosure Statement any of its terms and conditions, including financial terms such as the method of application and the amount of any INTEREST CHARGE, Transaction Fee, or other FINANCE CHARGE, ANNUAL PERCENTAGE RATE, monthly periodic rate, and/or fee in accordance with applicable laws. If required by applicable law, you will mail a notice of the change to me at my last known address. I also understand that in the event of a significant change, as defined under the Federal Truth in Lending Act, any such notice will be mailed at least forty-five (45) days prior to the effective date of the significant change as required by applicable law. If you are required by applicable law to provide me a right to reject significant changes to this Agreement and Disclosure Statement prior to the effective date of such changes, you will provide me with an explanation of how to reject the significant changes, unless I fail to make a required minimum payment within sixty (60) days after its due date. You may change the terms of this Agreement and Disclosure Statement based on information in my credit report, market conditions, business strategy or for any other reason. Notice of a change in terms is required, but may be sent as late as the effective date of the change where the change has been agreed to in writing, by me.
YOUR BILLING RIGHTS: This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.
WHAT TO DO IF YOU THINK YOU FIND A MISTAKE ON YOUR STATEMENT If you think there is an error on your statement, write us at: Dotcomlessons, PO Box 1079, Stroudsburg PA 18360.. In your letter, give us the following information
Account Information: Your name and DotComLesson Account Number
Dollar Amount: The dollar amount of the suspected error.
Description of Problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.
You must contact us within 60 days after the error appeared on your statement. You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.
WHAT WILL HAPPEN AFTER WE RECEIVE YOUR LETTER When we receive your letter, we must do two things:
Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error.
Within 90 days of receiving your letter, we must either correct the error or explain why we believe the statement was correct.
While we investigate whether or not there has been an error:
We cannot try to collect the amount in question, or report you as delinquent.
The charge in question may remain on your statement, and we may continue to charge you interest on that amount.
While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
We can apply any unpaid amount against your credit limit.
After we finish our investigation, one of two things will happen:
If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount.
If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees.
We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your bill is correct.
Protections Under the Military Lending Act: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent (a "Covered Borrower") may not exceed an annual percentage rate of 36 percent.
You are a Covered Borrower if at the time of establishing this account you are an active duty service member or an active Guard or Reserve duty member, or you are a qualifying dependent of that member.
If you are a Covered Borrower, the provisions of this DotComLessons, LLC./Your Connect Revolving Credit Account relating to arbitration do not apply to this DotComLessons, LLC./Your Connect Revolving Credit Account involving consumer credit.
Oral Disclosure: If you are a Covered Borrower, you may obtain information about the account, including information about the payment obligation, by calling us at 570-580-4121
Terms that apply to both the DotComLessons, LLC./Your Connect Revolving Credit Account
Important Information About Procedures For Opening A New Account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you obtain a DotComLessons, LLC./Your Revolving Credit Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for a copy of your driver's license or other identifying information.
Arbitration: Your credit agreement will contain a binding arbitration provision. In the event of any dispute relating to your agreement, the dispute will be resolved by binding arbitration pursuant to the rules of the American Arbitration Association. Both you and we agree to waive the right to go to court or to have the dispute heard by a jury. You and we will be waiving any right to a jury trial and you will not have the right to participate as part of a class of claimants relating to any dispute with us. Other rights available to you in court may also be unavailable in arbitration. When you receive your agreement, you should read the arbitration provision in the agreement carefully.
Updated Financial and other Information: Upon request, you agree to promptly give us accurate financial and other information about yourself.
Credit Bureau Dispute: If you believe we inaccurately reported credit history information about you or your credit agreement to a credit reporting agency, write to us at: DotComLessons LLC, PO Box 1079, Stroudsburg, PA. 18360. Please provide the account or loan number along with a copy of your credit bureau report reflecting the information that you believe is inaccurate.
Consent for Use of Telephone Numbers: You authorize DotComLessons, LLC and their affiliates, agents, and others calling at their request or on their behalf to contact you at any number (i) you have provided to us (ii) from which you have called us, or (iii) which we obtain and believe we can reach you at. We may contact you in any way, such as calling, texting, using an automated dialer or using pre-recorded messages. We may contact you on a mobile, wireless, or similar device, even if you are charged for it by your provider.
All Accounts, including California and Utah Residents: As required by applicable law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations.
All Accounts, including New York/Rhode Island/Vermont Residents: You agree to give DotComLessons, LLC. (as well as its agents, successors, and assigns) permission to access your credit report in connection with any transaction, or extension of credit, and on an ongoing basis, for the purpose of reviewing your Account, adjusting the credit limit on your Account, taking collection action on your Account, or for any other legitimate purposes associated with your Account. Alimony, child support or separate maintenance payments need not be revealed if you do not want us to consider it in determining your creditworthiness. Upon your request, you will be informed of whether or not a consumer credit report was ordered, and if it was, you will be given the name and address of the consumer reporting agency that furnished the report.
For Credit Card Tips from the Consumer Financial Protection Bureau
Connecticut Residents: Damages may be imposed if a check is dishonored. Connecticut General Statutes §52-565a authorizes our collection of damages for dishonored checks; criminal penalties may also apply.
Maryland Residents: Maryland law requires that if you send us a written request about the status of your Account and we do not answer that request within 60 days after we receive it, you are not required to pay a finance charge for that 60 day period or until we answer.
Missouri Residents: If you prepay your Account in full, you may be entitled to a refund of certain interest under Mo. Rev. Stat. §408.170.
New Hampshire Residents: Reasonable attorney's fees will be awarded to you if you prevail in (a) any action, suit or proceeding brought by us, or (b) any action brought by you. If you successfully assert a partial defense or set-off, recoupment or counterclaim to an action brought by us, the court may withhold from us the entire amount or such portion of the attorney fees as the court considers equitable.
New York Residents: New York residents may contact the New York state department of financial services by telephone or visit its website for free information on comparative credit card rates, fees and grace periods. The New York state department of financial services' telephone number is 1-800-342-3736, and its website is http://www.dfs.ny.gov.
Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Married Wisconsin Residents: No provision of any marital property agreement, any unilateral statement, or court decree under Wisconsin's Marital Property Act adversely affects the interest of a creditor unless, prior to the time credit is granted, the creditor is furnished a copy of that agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred. We may require that you pay the entire amount that you have outstanding if you do not pay amounts that come due 2 times within 12 month period. You will also have to pay your entire amount outstanding if you fail to do anything required in this agreement and that failure makes it likely that you will not be able to pay your bills from us as they become due.
Texas Residents: To contact us about your Account email email@example.com This contract is subject in whole or in part to Texas law which is enforced by the Consumer Credit Commissioner, 2601 North Lamar Boulevard, Austin, Texas 78705-4207. Phone (800) 538-1579; www.occc.texas.gov. Contact the Commissioner relative to any inquiries or complaints.
CONSUMER REPORTS FOR YOUR OWN USE
Pursuant to the Fair Credit Reporting Act and the Fair and Accurate Credit Transactions Act, you are allowed to receive a free credit report from each of the three U.S. national credit reporting agencies (Experian, Equifax, and TransUnion) during any twelve-month period. You may also be able to receive free credit reports as permitted by state law; contact your state or local consumer protection agency or state attorney general to learn more about your rights under state law.
For information on obtaining a free credit report from Experian, Equifax or TransUnion you may contact them directly at: