Frequently Asked Questions

We've listed some of the questions we hear most often from prospective clients as they begin their journey to financial independence.

If you don't see your question listed below, don't worry!  Let us know and one of our professional debt specialists will be happy to help.

WHAT HAPPENS IF I FACE LEGAL ACTION FROM MY CREDITORS?

While it’s possible for any creditor to initiate legal action against you, it’s worth noting that lawsuits can be financially burdensome. As a result, creditors often opt to avoid this route. Certain creditors may employ litigation as a tactic for pressure or debt collection. While we are not authorized to provide legal counsel due to our non-legal status, we do have the ability to remove creditors from your program if they are unwilling to negotiate debt settlements. Should a creditor choose to pursue a lawsuit related to your debt, our services can offer assistance.

WILL MY FORGIVEN DEBT BE TAXABLE?​

You might have to pay taxes on the total of the debt that your creditors have forgiven, however it is doubtful. For any debt forgiven that is greater than $600, your creditors will send you a 1099-C form. Debt forgiveness is considered income. However, you might not be required to pay any taxes on the forgiven debt if you are insolvent at the time we reach a settlement with your creditors. to have a better understanding of your particular circumstance and any potential tax repercussions. You should discuss any debt that has been forgiven through a debt relief program with your tax advisor.

WHO MEETS THE PROGRAM'S REQUIREMENTS?​

Anyone in financial difficulty who is falling behind on or having trouble making the required minimum payments to creditors on their unsecured obligations is eligible for the program. You must owe each creditor $500 or more in unsecured debt in addition to having a minimum of $10,000 in total unsecured debt.

WILL I GET A CALL FROM DEBT COLLECTORS?​

Although phone calls are a normal part of the debt settlement process, you are still protected from collection harassment by federal and state regulations. Numerous clients of ours will occasionally get calls from collectors. We provide tools and advice on how to handle those contacts to stop these types of phone calls in order to aid understanding. To find out more about the federal statutes that govern the conduct of debt collectors, go here.

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160 West Canyon Crest Road, Suite 100, Alpine, UT 84004
Agent Q&A Line: 888-229-5884
Company Hours: Monday - Friday 9am - 6pm MST

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