Disclaimer

Last Updated: January 2025

Nature of Our Service

Debt Relief Experts is an independent referral service. We connect consumers seeking debt relief information with third-party companies that offer debt relief services.

We are NOT:

  • A lender or loan provider
  • A debt settlement company
  • A debt consolidation company
  • A credit counseling agency
  • A credit repair organization
  • A law firm or provider of legal services
  • A tax advisor or CPA firm
  • A government agency or affiliated with any government program

We do not provide debt relief services directly. We do not negotiate with creditors. We do not manage your accounts. We do not make lending or credit decisions.

No Guarantees

We cannot and do not guarantee:

  • That you will qualify for any debt relief program
  • That your debt will be reduced by any amount
  • That creditors will agree to negotiate or settle
  • Specific timeframes for debt resolution
  • That your financial situation will improve
  • Any specific outcome from using our service or working with any provider

Results vary significantly based on your specific debt amounts, types of debt, creditors, financial situation, the program you choose, and your compliance with program requirements.

Potential Risks

Debt relief programs may have significant risks. Before enrolling in any program, consider:

  • Credit Score Impact: Debt relief programs, especially debt settlement, typically require you to stop paying creditors, which will damage your credit score. Settled accounts may be reported negatively.
  • Tax Consequences: Forgiven debt over $600 may be considered taxable income by the IRS. You may receive a 1099-C and owe taxes on forgiven amounts.
  • Creditor Actions: While in a program, creditors may continue collection calls, add fees and interest, sue you, garnish wages, or seek judgments. Debt settlement does not provide legal protection from creditor actions.
  • Fees: Debt relief providers charge fees, typically 15-25% of enrolled debt or 25-35% of savings. These fees are significant and should be clearly understood before enrolling.
  • Program Length: Programs often take 2-4 years. Your financial situation must support continued participation.
  • Account Status: Accounts may become further delinquent during the program. Collection activity may increase.

Third-Party Providers

When you submit your information through our Website, it is shared with third-party debt relief providers who may contact you. You should know:

  • We receive compensation from providers when we refer consumers to them
  • We do not endorse, recommend, or guarantee any provider
  • We are not responsible for any provider's actions, services, or representations
  • Your relationship with any provider is governed by their terms
  • Research any provider thoroughly before enrolling in their services

Not Professional Advice

Nothing on this Website constitutes:

  • Legal advice
  • Financial advice
  • Tax advice
  • Credit counseling
  • A recommendation to take or not take any specific action

We strongly recommend consulting with qualified professionals—including attorneys, CPAs, certified financial planners, and nonprofit credit counselors—before making decisions about debt relief.

Alternatives to Debt Settlement

Consider these alternatives before choosing debt settlement:

  • Nonprofit Credit Counseling: Free or low-cost services from certified agencies (NFCC.org)
  • Debt Management Plans: May reduce interest rates while keeping accounts current
  • Debt Consolidation Loans: Combine debts into one loan (requires qualifying for new credit)
  • Negotiating Directly: Contact creditors yourself about hardship programs
  • Bankruptcy: May be appropriate in some situations; consult a bankruptcy attorney
  • Budgeting and Self-Payment: Strategies like debt snowball or avalanche methods

Accuracy of Information

While we strive to provide accurate information, we make no warranties about the accuracy, completeness, or reliability of any content on this Website. Information may be outdated or incorrect. Reliance on any information is at your own risk.

Your Responsibility

You are solely responsible for:

  • Providing accurate information
  • Researching and evaluating any debt relief option or provider
  • Making informed decisions about your financial situation
  • Understanding and accepting risks associated with debt relief
  • Seeking professional advice when appropriate

Contact

Questions about this Disclaimer:
support@debtreliefexperts.us