Debt Resolution is an aggressive approach to debt reduction.
The firm will not be making
payments to your creditors on your behalf. You must authorize each
and every settlement offer and the distribution of funds.
There is a risk that the company may not settle all of your debts. Individual settlement results may vary.
The company may only begin
negotiating settlements with creditors once you have saved sufficient
funds in a separate savings/depository account.
The company cannot stop calls from creditors/collectors. The company can suggest how to reduce or help slow calls.
Successful participation in the
program requires setting aside funds in a separate account and staying
in the program until all enrolled debts are resolved.
It is your decision as to whom to open a depository account with.
Late fees and penalties will accrue on unpaid accounts while on the program.
You may be sued by your
creditors or collectors during the course of the forensic mitigation
program, and you would be solely and exclusively responsible for all
fees, costs and expenses in connection with the suit.
You will incur tax consequences on the settlement of debts where more than $600 is forgiven.
Forensic mitigation will have a negative effect on your credit.
Participation in the program does not and cannot repair your credit rating.
Creditors are permitted to report accurate negative information for seven years.