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Protection

Escrow makes credit repair safe for everyone.

Navigating the world of credit repair can be tricky if you're not familiar with the many vague and confusing regulations surrounding the industry. We eliminate the risk by protecting both the buyer and seller in a transaction by placing money in the control of an independent and licensed third party . This ensures that both parties are provided with terms of service up-front, and no money is exchanged until the terms of the agreement are complete. 

Why use an escrow platform like Credzu?

The escrow services provided by Credzu have the potential to impact and protect the national economy as a whole. This platform is designed to prevent illegal activity, which means everyone who uses it is decreasing the amount of fraudulent, dishonest, or noncompliant behavior within the credit industry. Banks, consumers, third-parties, credit repair companies… Everyone involved from the bottom up stands to benefit from using Credzu’s Escrow Platform.

How does escrow protect consumers?

There is no risk of harm to the consumer because the credit repair company does not receive payment until the agreement is completed, and the title to the money remains in the consumer's hands until that time. The terms of service are provided up-front, so there is never a situation where the consumer is out of money and waiting, wishing, and hoping to see results. Money is only exchanged if and when the transaction is successful.

Furthermore, we have eliminated pesky phone calls between providers and consumers, adding another layer of protection, and safeguarding against obscure industry regulations, such as the Telemarketing Sales Rule (TSR).

How does escrow protect service providers?

Providers are protected because for one, an unfortunate segment of the population can’t afford services and will sign up without any intent to pay. We catch that from the beginning because the way we handle escrow, we can peer into their account and check for funds ahead of time. This helps credit repair companies avoid engaging with consumers who have no intent to pay. If consumers are honest about their intentions, the money goes into escrow which ensures the provider will get paid for their work.

The most important protection, though, is legal compliance. There are many obscure regulations that prohibit certain actions from being taken, and providers aren’t always aware of these limitations. The FTC declared credit repair as an unfair and abusive act because there was no way for a consumer to know whether the services they are trying to retain are fraudulent or not. With escrow that’s no longer a question, and with escrow the practice is no longer unfair.

How does escrow protect service providers?

Providers are protected because for one, an unfortunate segment of the population can’t afford services and will sign up without any intent to pay. We catch that from the beginning because the way we handle escrow, we can peer into their account and check for funds ahead of time. This helps credit repair companies avoid engaging with consumers who have no intent to pay. If consumers are honest about their intentions, the money goes into escrow which ensures the provider will get paid for their work.

The most important protection, though, is legal compliance. There are many obscure regulations that prohibit certain actions from being taken, and providers aren’t always aware of these limitations. The FTC declared credit repair as an unfair and abusive act because there was no way for a consumer to know whether the services they are trying to retain are fraudulent or not. With escrow that’s no longer a question, and with escrow the practice is no longer unfair.

How does escrow protect third-parties?

Under the Telemarketing Sales Rule (TSR) there is a provision for something called substantial assistance, which holds people liable if they substantially assist someone violating the TSR. This could apply to payment providers, software providers, credit report providers, etc… Everyone involved could face legal backlash if anyone involved in the transaction intentionally or accidentally breaks a provision of the TSR.

However, if the credit repair company is compliant by using escrow through Credzu, substantial assistance concerns are no longer valid. There is no such thing as substantially assisting compliance.

We offer peace of mind and protection.

The sooner you get started, the sooner you can be on your way to achieving your financial goals. 

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