Common use of CREDIT REPAIR Clause in Contracts

CREDIT REPAIR. 7.1 A supplementary credit repair Agreement is attached (Appendix E). 7.2 All subscribers to the GTA who have elected to also apply the supplementary credit repair agreement are required to also abide by the dispute resolution mechanism as described in paragraph 2.7 of the GTA in relation to disputes between individual subscribers to the supplementary credit repair agreement that, in the opinion of either party, raise issues of principle or interpretation of operation or wording of the supplementary credit repair agreement (unless the two subscribers at issue have agreed alternative bilateral arrangements for the resolution of their disputes). The principles in paragraph 2.8 will also apply to any equivalent changes to the supplementary credit repair agreement. Enclosures Enclosure 1 GTA subscription administration arrangements 1. Subscribers will be required to pay any subscriptions set by the GTA Technical Committee. Failure to pay any subscription within three weeks of a reminder sent four or more weeks after the invoice date will be deemed to mean that the subscriber no longer wishes to subscribe to the protocol and their company name will be removed from the subscriber list. 1. A If a CHO applies to be re-instated within three months of its being removed from the subscriber list in accordance with paragraph 1 above it will need to under go a half day audit at a fee of £1,000 plus VAT1 in addition to paying the subscription fee and they will not benefit from a set-off of this additional audit fee against their subscriptions described in paragraph 5 below.

CREDIT REPAIR. 7.1 A supplementary credit repair Agreement is attached (Appendix E). 7.2 All subscribers to the GTA who have elected to also apply the supplementary credit repair agreement are required to also abide by the dispute resolution mechanism as described in paragraph 2.7 of the GTA in relation to disputes between individual subscribers to the supplementary credit repair agreement that, in the opinion of either party, raise issues of principle or interpretation of operation or wording of the supplementary credit repair agreement (unless the two subscribers at issue have agreed alternative bilateral arrangements for the resolution of their disputes). The principles in paragraph 2.8 will also apply to any equivalent changes to the supplementary credit repair agreement. Enclosures Enclosure 1 GTA subscription administration arrangements 1. Subscribers will be required to pay any subscriptions set by the GTA Technical Committee. Failure to pay any subscription within three weeks of a reminder sent four or more weeks after the invoice date will be deemed to mean that the subscriber no longer wishes to subscribe to the protocol and their company name will be removed from the subscriber list. 1. A If a CHO applies to be re-instated within three months of its being removed from the subscriber list in accordance with paragraph 1 above it will need to under go undergo a half day audit Applicant Audit at a fee of £1,000 plus VAT1 in addition to paying the subscription fee and they will not benefit from a set-off of this additional audit fee against their subscriptions described in paragraph 5 below.