Why is there a charge for verifying my accounts?

 

Verification of your accounts is a labor-intensive process that includes multiple actions such as verification of the service provider as a legitimate business entity, verification of any provided account documentation, and at least one - and often multiple calls - to each service provider. Faxing information or a conference call between you, the verifier, and the service provider is not uncommon. All verifications are performed by FCRA-certified verification specialists who are specifically trained to verify credit accounts and understand all aspects of the Federal Laws, Fair Credit Reporting Act (FCRA), Fair and Accurate Credit Transaction Act (FACTA), Equal Credit Opportunity Act (ECOA), as well as Federal and State Laws regarding privacy and security of information. The work they perform ensures the accuracy and authenticity of your account information and payment history.