Approval Vault

INFORMATION STATEMENT


Pursuant to Section 1789.15 of TITLE 1.6E. CREDIT SERVICES , Approval Vault (the “Provider”) provides the Customer with an information statement, containing all of the information required under Section 1789.15.

CONSUMER CREDIT FILE RIGHTS UNDER STATE AND FEDERAL LAW

You have a right to obtain a free copy of your credit report from a credit reporting agency. You may obtain this free copy of your credit report one time per year by visiting www.AnnualCreditReport.com. You will be able to view your credit report, dispute alleged inaccuracies, and obtain additional information at no fee. If requested, the consumer credit reporting agency must provide someone to help you interpret the information in your credit file.

You have a right to dispute inaccurate information by contacting the consumer credit reporting agency directly. However, neither you nor any credit repair company or credit services organization has the right to have accurate, current, and verifiable information removed from your credit report. Under the Federal Fair Credit Reporting Act, the consumer credit reporting agency must remove accurate, negative information from your report only if it is over seven years old. Bankruptcy information can be reported for 10 years.

If you have notified a credit reporting agency in writing that you dispute the accuracy of information in your credit file, the consumer credit reporting agency must then reinvestigate and modify or remove inaccurate information. The consumer credit reporting agency may not charge a fee for this service. Any pertinent information and copies of all documents you have concerning an error should be given to the consumer credit reporting agency.

If the reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the consumer credit reporting agency to keep in your file, explaining why you think the record is inaccurate. The consumer credit reporting agency must include your statement about disputed information in any report it issues about you.

You have a right to cancel the contract with the credit services organization for any reason before midnight on the 5TH working day after you signed it. If for any reason you cancel the contract during this time, you do not owe any money.

You have a right to sue a credit services organization if it misleads you.

Approval Vault (hereinafter, collectively referred to as "Provider", “We”, “Us”, “Our”) requires all Clients (hereinafter referred to as "client", "clients", "customer," "customers," "you" or "your", "his" or "hers") to sign the "Description of Service" that states a complete and detailed description of the services that we will perform for you and the total cost of the services. By signing this form, you are agreeing to the terms and conditions of service set forth in this Agreement and to the terms and conditions of payment. It is Provider’s intention to service you for the entire term of this Agreement. However, should you cease payment under the terms of this Agreement, we will cease service immediately until payment can be rendered. Provider also reserves the right to collect any monies not yet paid under the terms of this Agreement that it may be entitled to, which might include (but is not limited to) rendering the service of a third-party collection agency and/or attorney. You agree that any remaining payments that Provider may be entitled to, including any late fees, collection fees, and/or additional administrative fees, as permitted by law, will be applied in accordance with this Agreement regardless of your default.

Provider strictly adheres to a zero-advanced pay policy where no payment is charged to the Customer until the described work in signed service agreement is completed and/or cancellation has been made after the cancellation grace period has passed. Customer understands and agrees to pay to Provider the total amount indicated for each service plan described in Agreement for services completed before a Notice of Cancellation was submitted by either party. No refund is available for payments completed for work performed. Provider will begin the performance of the services described within seven (7) working days from when Agreement is signed by Customer.

Description of Services are as followed:

  1. All service plans operate on a month-to-month basis and have a stated term of 6 months; however, you may cancel at any time without penalty or incurring further monthly service fees after cancellation. Each service plan is billed only after services for that month have been fully performed.
  2. Upon successful completion of the onboarding process, Customer will submit payment for an onboarding fee of $50. No deliverables associated with any additional service plan will begin until this onboarding service has been fully completed and the onboarding fee has been paid.
  3. If Customer subscribes to the New Beginnings Service Plan, $115 is charged to Customer after work is completed for that month. There may be a total payment of $690 to Provider and a total of $180 to credit monitoring company, My Free Score Now, over the course of 180 days for a total of $870.
  4. If Customer subscribes to the Accelerated Service Plan, $170 is charged to Customer after work is completed for that month. There may be a total payment of $1,020 to Provider and a total of $180 to credit monitoring company, My Free Score Now, over the course of 180 days for a total of $1,200.
  5. If Customer subscribes to the Hard Inquiry Service Plan, $90 is charged to Customer after work is completed for that month. There may be a total payment of $540 to Provider and a total of $180 to credit monitoring company, My Free Score Now, over the course of 180 days for a total of $720.

Each of the said services listed above, whether collectively OR individually, shall comprise of and define the term "Services Rendered" and thus, all service fees shall be deemed due and fully collectible and will be billed/charged accordingly, AFTER such service(s) have been rendered.

No credit services organization shall conduct business in this state unless the credit services organization has first obtained a surety bond in the principal amount of one hundred thousand dollars ($100,000) issued by an admitted surety and the bond complies with all of the following:

  1. The bond shall be in favor of the State of California for the benefit of any person who is damaged by any violation of this title. The bond shall also be in favor of any individual damaged by those practices.
  2. Any person claiming against the bond for a violation of this title may maintain an action at law against the credit services organization and against the surety. The surety shall be liable only for actual damages and not the punitive damages permitted under Section 1789.21. The aggregate liability of the surety to all persons damaged by a credit services organization’s violation of this title shall in no event exceed the amount of the bond.
  3. The bond shall be maintained for two years following the date on which the credit services organization ceases to conduct business in this state.

A copy of the bond shall be filed with the Secretary of State. You have the right to proceed against the bond under the circumstances and in the manner set forth in Section 1789.18.

Provider has registered and obtained the proper security bond to operate as a Credit Services Organization (CSO) pursuant to Credit Services Act act of 1984. The surety bond in the amount of $100,000 was issued 3/22/2022 by:

Suretec Insurance Company
2103 Citywest Boulevard
Suite 1300
Houston, TX 77042
BOND #: 5315804

If you have a complaint about the services provided by this credit services organization or the fees charged by this credit services organization, you may submit that complaint to the Attorney General’s office, California Department of Justice, Attn: __________________, P.O. Box 944255, Sacramento, CA 94244-2550.

IMPORTANT NOTICE: YOU HAVE NO OBLIGATION TO PAY ANY FEES OR CHARGES UNTIL ALL SERVICES HAVE BEEN PERFORMED COMPLETELY FOR YOU, UNLESS YOU ENTER INTO A SUBSCRIPTION AGREEMENT REQUIRING PERIODIC PAYMENTS IN CONSIDERATION FOR ONGOING SERVICES.

IF YOU, THE BUYER, HAVE BEEN DENIED CREDIT WITHIN THE LAST 60 DAYS, YOU MAY OBTAIN A FREE COPY OF THE CONSUMER CREDIT REPORT FROM THE CONSUMER REPORTING AGENCY. YOU ALSO HAVE THE RIGHT TO DISPUTE INACCURATE INFORMATION IN A REPORT. YOU MAY CANCEL THIS CONTRACT AT ANY TIME BEFORE MIDNIGHT OF THE 5TH WORKING DAY AFTER THE DATE YOU SIGNED IT. SEE THE ATTACHED NOTICE OF CANCELLATION FORM FOR AN EXPLANATION OF THIS RIGHT.

It is agreed that this Description of Service has been fully read, acknowledged, and understood prior to the execution of any Contractual Agreement or Duties between the parties hereto.

Approval Vault makes no other warranties aside from the warranties expressly written within this disclosure. No oral agreement or other agreement shall override this Agreement unless received in writing from an authorized representative of Provider.

I, the CONSUMER, fully understand my responsibility to this program and agree to the above terms, as well as acknowledging that all of my questions have been answered. I further acknowledge and agree to the total costs of these credit counseling services.

There are non-profit credit counseling services available and credit counseling service agencies may be available to you in your area.

NOTICE TO CUSTOMER: DO NOT SIGN THIS INFORMATION STATEMENT BEFORE YOU READ IT. YOU ARE ENTITLED TO A COPY OF THIS STATEMENT.

Acknowledgement of receipt of this statement,


CUSTOMER

Authorized Signature Date

 

Print Name

California Civil Code § 1789.14 requires the Provider to maintain this statement on file for a period of four years following the completion or termination of the credit services organization agreement with the consumer an exact copy of the statement.

 




NOTICE OF CANCELLATION

You may cancel this contract, without any penalty or obligation, within five (5) working days from the date the contract is signed.

If you cancel, any advanced payment made by you under this contract must be returned within fifteen (15) working days following receipt by the seller of your cancellation notice.

To cancel this contract, mail or deliver a signed and dated copy of this cancellation notice, or any other written notice, to

Approval Vault
33 S. Real Road Ste 16
Bakersfield, CA 93309

or by submitting a request through the Provider's dispute portal no later than midnight, June 23, 2026.


I hereby cancel this transaction.

 

CUSTOMER

Authorized Signature|Date

 

Print Name

 




NOTICE OF CANCELLATION

You may cancel this contract, without any penalty or obligation, within five (5) working days from the date the contract is signed.

If you cancel, any advanced payment made by you under this contract must be returned within fifteen (15) working days following receipt by the seller of your cancellation notice.

To cancel this contract, mail or deliver a signed and dated copy of this cancellation notice, or any other written notice, to

Approval Vault
33 S. Real Road Ste 16
Bakersfield, CA 93309

or by submitting a request through the Provider's dispute portal no later than midnight, June 23, 2026.


I hereby cancel this transaction.

 

CUSTOMER

Authorized Signature|Date

 

Print Name

 

NOTICE: Above are copies of the Notice of Cancellations for you to print out and mail to us if you intend to cancel this service in the future. You may proceed below and sign if you agree to the terms of this Service Agreement.

CUSTOMER

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Signature Certificate
Document name: INFORMATION STATEMENT
lock iconUnique Document ID: b6d03cedc8aeffea4a77df449e630e7eb235e5cc
Timestamp Audit
June 17, 2026 7:26 pm PDTINFORMATION STATEMENT Uploaded by Rey Taylor, Provider - info@approvalvault.com IP 45.26.146.26
June 17, 2026 7:28 pm PDTCM Support - help@creditmanager.io added by Rey Taylor, Provider - info@approvalvault.com as a CC'd Recipient Ip: 45.26.146.26
June 17, 2026 7:28 pm PDTDisclosure Notification - disclosure@creditmanager.io added by Rey Taylor, Provider - info@approvalvault.com as a CC'd Recipient Ip: 45.26.146.26
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