Website Disclosure Statement
This online disclosure informs you about our debt elimination “debt
settlement program” (“Program”). Program or any information
on this website DOES NOT provide any form of legal or accounting advice.
The purpose of the online form that you complete on this website is
to request information about our Debt Settlement program. By completing
the online form, you are requesting that we contact you to provide you
with a complimentary, confidential financial consultation. We shall
contact you by email or phone regardless of your status on the national
Do Not Call List (DNC). Completion of online form does not mean you
are pre-qualified or approved by program. As an online applicant, you
may only be approved by program after you receive a complete financial
consultation, meet all program underwriting guidelines, and submit an
enrollment application. Program is based on the “debt settlement”
procedure also known debt negotiation, debt resolution, debt arbitration,
debt liquidation, debt mediation, debt reduction, debt termination,
and debt eradication. This procedure is not Chapter 7, Chapter 11, or
Chapter 13 bankruptcy or Consumer Credit Counseling (CCCS), a debt consolidation
loan, debt consolidation program, Debt Management Plan (DMP), or home
equity loan. Program negotiates mutually agreeable settlements with
creditors on behalf of consumer and small business clients to satisfy
the payoff of their unsecured debt. Depending on your individual financial
circumstance, creditors may not be contacted for a number of months.
All creditor communication will vary. You should only consider program
if you lost considerable household income due to a legitimate financial
hardship, such as job loss, divorce, or medical problem, which caused
your creditor accounts to become delinquent and/or are unable or struggling
to meet minimum payment obligations to creditors. Being a bankruptcy
alternative, program does not advocate that you file for bankruptcy
or stop making minimum payments to creditors. Program cannot legally
guarantee or predict any savings outcome. Your decision to join program
is strictly voluntary. Unlike debt consolidation, program does not make
regular monthly payments to creditors. Instead, creditors are paid based
on a lump sum settlement. You are responsible for personally saving
the recommended lump sums to pay off each creditor once program negotiates
a settlement. You are solely responsible for the management, care, custody,
and control of your settlement funds. The estimated time to complete
program is dependent on various factors, including the degree of your
financial hardship and savings ability, age and balance of creditor
accounts, and creditor’s acceptance of negotiation offers. In
order to complete program more expediently, you are highly recommended
to save as much funds as possible each month, and if your financial
circumstances improve, increase your monthly savings. All settlements
must be mutually agreeable by you and your creditor. Actual settlement
results may vary. Failure to complete program or any program requirements,
including your refusal to accept recommended settlement offers, may
have a negative consequence on your financial situation. All program
fees are fully earned and are refundable as described in your program
enrollment agreement. Depending on the delinquency of your accounts,
program may have an adverse effect on your credit standing. By not making
the required minimum payment to a creditor, you are in breach of your
credit agreement and your account may be reported to credit reporting
agencies as a “late”, “charge-off”, or “past
due” account. Your account may accrue increased interest rates,
late fees and over-the-limit fees, which will increase your account
balance until your debt is settled. Creditors may continue collection
efforts while you are enrolled in program. Collection efforts may include
phone calls and collection letters, referral of your account to a third-party
collection agency or attorney, and potential liens and garnishments.
All settled accounts might be reported to credit reporting agencies
as “settled for less than the full amount” or "settled
in full." Program settles unsecured debt. In the event of a lawsuit,
program shall do everything in its power to help you avoid or settle
a judgment. Deb Settlement Program is available to consumers and businesses
in Canada, Mexico, and most U.S. states, Districts, and Territories.
WITH DEBT FREE LEAGUE, YOU CAN:
