Program Disclosures
The material facts, risks and costs you should understand before enrolling in any debt relief program.
Last updated: 2026-09-20
About this document
This page collects, in one place, the disclosures that matter most before enrolling in a debt relief program. It is written to be read rather than skimmed. Your written service agreement contains the full, binding terms for whichever program you choose.
What we are and are not
The Debt Lifts is a debt relief services provider. We are not:
- A lender — consolidation loans, personal loans and refinancing are provided by third-party lending partners who make their own credit decisions
- A law firm — we do not provide legal advice or file bankruptcy petitions
- A credit repair organization — we cannot remove accurate information from a credit report
- A tax adviser — we do not provide tax advice, though we will flag tax consequences you should ask a professional about
No guarantee of results
We do not guarantee that any particular debt will be reduced, settled or resolved, that any creditor will accept any offer, or that any specific outcome or timeframe will be achieved. Results vary based on your balances, your creditors, your state, your ability to make scheduled deposits and factors outside anyone's control.
Credit impact
Programs that involve ceasing payments to creditors will adversely affect your credit score, potentially substantially, and those effects may persist for years.
Debt management plans typically have a milder effect but may involve enrolled accounts being closed, which can affect your credit utilization ratio.
Consolidation and refinancing involve a hard credit enquiry once you proceed, and may improve or worsen your profile depending on how the new account is managed.
Creditor action during a program
Enrolling in a settlement program does not stop creditors from contacting you, reporting delinquency, adding interest and fees, or pursuing legal action including lawsuits and, where permitted, wage garnishment. Balances may grow during the program before they are settled.
Tax consequences
Forgiven debt in excess of $600 is generally reported by the creditor to the IRS on Form 1099-C and may be treated as taxable income. Exclusions exist, notably insolvency under IRC §108. Consult a qualified tax professional before accepting a final settlement. We will remind you to, but we cannot advise you on it.
Fees
Our fees vary by program and are disclosed in full, in writing, before you enroll:
- Settlement: a percentage of the enrolled balance. In states following the FTC's Telemarketing Sales Rule, fees are charged only after a settlement is reached and you have made a payment toward it
- Debt management plans: a modest monthly administration fee, capped by regulation in most states, plus a one-off setup fee
- Consolidation loans, personal loans and refinancing: costs are charged by the lender as origination or closing costs and appear in the APR disclosed to you
- Assessment and written comparison: free, with no obligation
Funds you deposit into a dedicated settlement account remain yours and are held in an account in your name. We do not take possession of them.
Your right to cancel
You may cancel a program at any time in accordance with your service agreement and applicable state law. Funds remaining in your dedicated account, less any fees already earned under the agreement, are returned to you. Cancelling a settlement program before settlements are reached generally leaves accounts delinquent without resolution.
Alternatives available to you
You are not required to use a debt relief service. Alternatives include:
- Negotiating with creditors yourself, at no cost
- Contacting a nonprofit credit counselling agency
- Repaying the balances as scheduled, if that is achievable
- Consulting a bankruptcy attorney about filing
We will tell you when one of these is a better option for you than anything we offer.
State availability
Not all programs are available in all states, and the terms of those that are may differ. Availability and applicable state rules are confirmed during your assessment before any agreement is signed.
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Questions about this document? Contact us at info@thedebtlifts.com and we will reply within one business day.
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