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Once you activate an Unsecured Corporate Credit Card and have access to the Funds, our Success Fee for the Approval is Fully-Earned and Non-Refundable. We are not responsible for subsequent Lenders actions after a Credit Facility is activated.
We take care to confirm that you are the purchaser and have qualified for the card. We vet you carefully. Our contacts, lenders and work on your behalf are valuable efforts, not unlike the services any bank offers and requires a fee to perform.
UNPAID SUCCESS FEE POLICY:
If you default on the Success fee obligations, as explained in the agreement, you hereby authorize us to send written demand to Lenders ordering them to immediately terminate and shut down any Credit Accounts obtained on your behalf for which you fail to pay the Success Fees Due or for which the Success Fees due cannot be determined due to your failure to provide Approval/Denial Letters.
1. You agree to pay us the Success Fee of 15% (Fifteen Percent) of the maximum credit limit or maximum gross loan amount of each credit facility approved with our assistance and understand that Success Fees are due within 3 business days after you receive access to funds. For Credit Card Approvals, we allow you to pay the Success Fee using the actual Credit Card(s) you receive in the mail. We may submit up to a Maximum of 15 Credit Applications for you and/or your Business to Lenders we select. Any additional Credit Applications will need your written authorization. We cannot guarantee that you will be approved for any particular amount of financing. Results vary from Client to Client. We will not honor any request to limit, restrict, and/or exclude any Lender(s) or Financial Product(s) from our internal list of potential Lenders we may submit your Credit Application to. By using our Service you are trusting our judgment in selecting all Lenders and Financial Products.
2. You must be actively involved in the application process and follow our instructions in a timely manner. We will always do as much as possible to save you time and facilitate the process for you, but there are certain things you will need to do yourself. You must be honest and tell us the truth about how much you are approved for with each lender, and you must be ready and willing to accept all the unsecured financing we obtain for you up to your requested maximum, and you must not intentionally sabotage any Approvals we obtain for you by failing to provide information, failing to do verification calls, and/or declining Approvals.
3. You must inform us of each lender’s approval or denial decision in a timely manner. You will do this by providing us with either an approval or denial letter from the lender within a maximum of 30 calendar days from each credit application’s submission date. Additionally, you understand, agree to, and accept that hard inquiries will be the result of the application process. Any applications that we submit on your behalf and with your approval will result in at least 1 hard inquiry being made to your credit report for each application that we submit on your behalf. Complimentary inquiry removal will not be made as a result of this, as you the consumer, or business authorized these applications to be made on your behalf.
Therefore, there are no refunds or cancellation of the success fee earned.
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