UpCredit Terms and Conditions
Effective Date: [Insert Launch Date]
Last Updated: [Insert Date]
1. Overview
These Terms and Conditions (“Terms”) govern your use of the services provided by UpCredit, LLC, a wholly owned subsidiary of LV Collective Management, LLC (“UpCredit,” “we,” “us,” or “our”).
By enrolling in or using our service, you agree to these Terms.
2. Description of Service
UpCredit enables participating tenants to report on-time rental payments to major Credit Bureaus to help establish or improve their credit history.
The service:
- Publishes positive payment data obtained from Entrata
- Does not report late payments or delinquencies
- Is available only to tenants of participating properties
3. Eligibility
You must:
- Be a current tenant of a property managed by an Entrata-integrated entity; and
- Be at least 18 years old and contractually responsible for rent payments.
4. Fees
Participation in UpCredit’s credit reporting program may include a monthly fee, billed through your property’s management system or directly via Entrata.
Fees are subject to change, and you will be notified of any updates before they take effect.
5. Opt-Out and Termination
You may opt out of the program at any time through our website or by contacting UpCredit.
Opting out:
- Terminates your participation in the program
- Stops future reporting of your payments
- Does not delete previously reported data from your credit file
6. Data Accuracy and Disputes
UpCredit follows procedures outlined in its FCRA Furnisher Policies & Procedures to ensure data accuracy.
If you believe data has been reported in error:
- Contact the Credit Bureau directly; or
- Send a written dispute to UpCredit at our listed address.
We will investigate and respond within 30–45 days, in accordance with the FCRA.
7. No Guarantee of Credit Improvement
While timely rent reporting may positively affect your credit score, UpCredit makes no guarantee of specific results. Each Credit Bureau uses its own scoring models and may weigh rental data differently.
8. Limitation of Liability
To the fullest extent permitted by law:
- UpCredit is not liable for any indirect, incidental, or consequential damages.
- Our total liability for any claim will not exceed the amount of fees paid in the three months preceding the event giving rise to the claim.
9. Data Security and Privacy
UpCredit adheres to strict data security protocols and leverages Entrata’s systems for most data storage and processing. Please review our Privacy Policy for details on how your information is handled.
10. Modifications to Terms
We may revise these Terms periodically. Continued use of the service after such changes constitutes acceptance of the new Terms.
11. Governing Law
These Terms shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of law principles.
12. Contact Information
UpCredit LLC
801 Congress Avenue, Suite 200
Austin, TX 78701
Email: support@upcredit.co
Phone: [TBD]