Understand the risks before deciding.

Settlement has meaningful risks.

Debt settlement may harm credit, create tax consequences, and result in fees, additional interest, collection activity, or lawsuits. Creditors are not required to participate or accept any settlement. Not all debts can be settled. Results and timing vary.

Compare alternatives.

Consider speaking directly with your creditors, consulting a nonprofit credit counselor, and seeking qualified legal or tax advice where appropriate. A different approach may fit your circumstances better.

Be careful with fees and promises.

The federal Telemarketing Sales Rule sets rules for some debt-relief services. These include limits on collecting fees in advance and information the provider must give you. Ask a provider to explain all fees and the conditions under which fees may be charged. Do not rely on unsupported guarantees.

Current website status.

Fresh Financial Solutions is preparing its service information. This website currently accepts no callback requests, payments, account deposits, or enrollment applications. It makes no claim of government affiliation, accreditation, professional licensing, guaranteed outcomes, or nationwide service availability.

Further reading: Federal Trade Commission debt-relief guidance and CFPB explanation of debt-relief risks.