Debtrex Solutions
Important Disclosures
Not a Law Firm
Debtrex Solutions LLC is not a law firm and does not provide legal advice, prepare legal documents, or represent consumers in any legal matter. No attorney-client relationship is formed by using our website or speaking with our consultants. If you require legal advice — including advice about bankruptcy, lawsuits from creditors, or your specific legal rights — please consult a licensed attorney in your state.
Not a Government Agency
Debtrex Solutions is a private company. We are not affiliated with, endorsed by, or sponsored by the United States government, the Federal Trade Commission, the Consumer Financial Protection Bureau, or any state or federal agency. We do not represent or offer any "government debt relief program," "government forgiveness," or "stimulus" program.
Not a Credit Repair Organization
Debtrex Solutions is not a credit repair organization as defined under the Credit Repair Organizations Act. We do not offer services to improve or repair your credit. Debt relief programs may negatively impact your credit score.
No Guarantees
We do not guarantee:
- That you will qualify for any specific program;
- Any particular settlement amount, percentage, or savings;
- That creditors will agree to settle, modify, or forgive any debt;
- Any particular timeline for completion of a program;
- Any specific credit score outcome.
Actual results vary based on individual financial circumstances, including the type of debt, the creditor involved, your ability to fund the program, and other factors.
Debt Settlement — Important Considerations
If you choose to enroll in a debt settlement program through one of our servicing partners, you should be aware of the following risks and considerations before signing any agreement:
- Credit impact: Debt settlement typically requires you to stop making payments to your creditors. This may have a significant negative impact on your credit score and credit report. Negative information may remain on your credit report for up to seven years.
- Creditor actions: Creditors are not required to negotiate. They may continue collection activity, including late fees, additional interest, calls, letters, and lawsuits. Some creditors may sue you for unpaid debts.
- Tax consequences: Forgiven debt of $600 or more is generally reported to the IRS and may be considered taxable income. Consult a qualified tax professional.
- Program duration: Programs typically take 24 to 48 months or longer to complete. Outcomes depend on consistent funding of the program.
- Fees: Servicing partners charge fees for their services. Under federal law (FTC Telemarketing Sales Rule), debt settlement companies that offer services over the phone may not collect fees until at least one debt has been successfully renegotiated, settled, or otherwise resolved, and you have made at least one payment under the new arrangement.
- Not for everyone: Debt settlement is not appropriate for all consumers. Other options — such as budgeting, credit counseling, consolidation, or bankruptcy — may be more appropriate depending on your situation.
State Availability
Debt relief programs offered by our servicing partners are not available in all states. Some states have specific licensing requirements or restrictions on debt settlement or debt relief services. Eligibility depends in part on your state of residence.
Marketing and Lead Generation
Debtrex Solutions operates as a marketing and lead generation platform. We may be compensated by servicing partners when we refer qualified consumers to them. This compensation does not affect the consultations we provide or the recommendations we make about whether a program is appropriate for you.
TCPA Consent
By submitting an assessment form and checking the consent box, you provide your express written consent to be contacted by Debtrex Solutions and its marketing and servicing partners using the phone number and email address you provided, including by means of automatic telephone dialing systems, pre-recorded or artificial voice messages, SMS/text messages, and email. Consent is not a condition of any purchase. You may opt out at any time. See our Privacy Policy for details.
Becoming or Remaining Current on Payments
The decision to stop or modify payments to your creditors is a personal financial decision. Doing so may have significant consequences, including damage to credit, collection activity, and lawsuits. This decision should be made carefully, with awareness of the risks, and ideally in consultation with a qualified professional.
FTC Telemarketing Sales Rule (TSR) Compliance
Debtrex Solutions and its servicing partners are required to comply with the FTC's Telemarketing Sales Rule (16 CFR Part 310), including the rule's specific provisions for debt relief services. Before you enroll in any debt relief program over the phone, the program provider must clearly disclose: (a) the amount of time required to obtain the represented results; (b) the amount of money you must save before the provider initiates a settlement; (c) that the program may negatively affect your credit; (d) that creditors may continue collection efforts; and (e) that the provider may not require fees until a debt has been successfully resolved.
Contact for Disclosure Questions
If you have questions about these disclosures, please contact:
Debtrex Solutions LLC
Email: compliance@debtrexsolutions.com