Disclosure Statement

We are providing the following disclosure statement to ensure you have a clear understanding of the benefits and risks associated with debt resolution.

Debt resolution involves negotiating settlements for unsecured debts. It is not a loan, credit counseling, or credit repair program. We do not address or correct existing errors or inaccuracies on your credit report. We cannot guarantee that your creditors will agree to settle your debts, settle them for a specific amount, or settle them within a certain time frame.

Debt resolution is intended for individuals experiencing financial hardship who are unable to meet or continue making their minimum monthly payments without difficulty. Each individual’s situation and outcome are unique, and not all participants complete their debt resolution program.

Many creditors will only consider settlement offers when a debt is past due or charged off. You should avoid charging, drawing, or taking advances on your enrolled debts.

Using a debt resolution program will negatively impact your creditworthiness, as creditors will report the status of your enrolled debts to credit bureaus.

Creditors may initiate collections, lawsuits, impose fees, penalties, and increase interest rates if you fail to make payments on your enrolled debts. If you are sued by a creditor, we recommend consulting with an attorney.

Successful participation in the debt resolution program requires your active involvement and timely responses. Your success depends on your ability to make regular deposits into an FDIC-insured dedicated account managed by a payment processor. If you are unable to make these deposits, you should explore alternative solutions, such as bankruptcy, to address your financial difficulties.

You will own and control the dedicated account. Only you can authorize payments, transfers, or withdrawals from this account. Funds in this account will not be used for minimum, periodic, or other debt payments. They will only be used to pay settlements to creditors, fees to the payment processor, and fees for debt resolution services.

Fees are earned only after we successfully reach a settlement agreement with a creditor, you approve the agreement, and a payment is made toward the settlement.

You may withdraw from the debt resolution program at any time without penalty. Upon withdrawal, you are entitled to any remaining funds in the dedicated account, minus any unpaid fees due to us or the payment processor. Withdrawal from the program may negatively affect prior settlement agreements and unresolved debts, potentially leaving you responsible for the full balance, including accumulated interest, fees, and any unpaid earned fees for services rendered.

If your creditors report settlement savings of $600 or more, they may report this to the IRS. We do not provide tax advice, and you should consult a tax advisor to determine whether to report these savings as taxable income.

In summary, every case is different, and outcomes will vary based on your ability to save sufficient funds and your creditors’ willingness to settle for less than the full balance. For individuals facing significant financial hardship, a debt settlement program can be an effective way to address unsecured debt, but it is not a simple or guaranteed process. There are no guarantees regarding settlement amounts or timelines.