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.
