U.S.O.B.A. Required Standard Disclosures

As a member of the United States Organizations for Bankruptcy Alternatives (USOBA), Fast Debt Solutions [hereinafter “We”] regularly receive and have access to support and information regarding best practices in the debt settlement services industry. This includes information about state and federal laws, best marketing practices, consumer protection and more. As a USOBA member company, we are committed to provide the best possible customer care experience. If you, as a customer of a USOBA member company, would like to contact USOBA regarding your experience with us, please feel free to do so by calling 281-820-0666 or emailing us at info@usoba.org

Following a debt resolution plan requires a long-term commitment from both you and us. It is important that you realize that there are potential benefits and potential obstacles to successfully completing any program.

Please take a moment to review the following disclosure document because it is important that you understand each item listed. Please request further explanation if you need clarification regarding any disclosure included in this document.

By initialing each item below, you are attesting that We fully explained each disclosure listed, you were provided time to review each disclosure, and you understand each disclosure.

(1) PROGRAM SELECTION AND ALERTNATIVES. We determine your eligibility for a debt settlement program, but we do NOT evaluate your unique credit and debt situation to determine the best debt relief option for you. It is your responsibility and choice to evaluate and determine which option is best for you. It is important to be aware of other debt relief options which may include credit counseling , bankruptcy or working directly with your creditors.

(2) CREDIT RATING IMPACT. While participating in a debt settlement program, your credit score may be negatively impacted. Your credit report may reflect the fact that you have ceased paying your creditors.

Furthermore, upon completion of a debt settlement program a debt settled for less than the full amount of the amount owed may result in a negative notation on your credit report. Please visit www.myfico.com for further information about credit ratings.

(3) TAX LIABILITY. If you settle a debt with a creditor for less than the full amount of that debt, you may have to pay income taxes on the amount the debt was reduced for settlement. We are neither able to provide assistance with the completion of your tax return, nor advise how you should or should not treat income tax payable on debt that has been forgiven through a debt settlement program. We do recommend, however, that you consult with a tax advisor to guide you through this process and determine if you qualify for exemption.

More information and links to the Bankruptcy Tax Guide, IRS Form 982 and Reduction of Tax Attributed to Discharge of Indebtedness is available at www.irs.gov.

(4) CREDITOR COLLECTION ACTIVITY. While you are enrolled in a debt settlement program, late fees, penalties, and interest will likely continue to accrue on your debt until your creditor accepts a settlement offer and the settlement is completely satisfied as agreed. If you do not or cannot remit your monthly minimum payment, you will be in default of your agreement with your creditor(s) resulting in an increased interest rate. If you do not or cannot pay your monthly minimums for one credit card, that may cause a default in your other credit cards subjecting you to a higher default interest on those credit cards (Universal Default).

Your creditors may reflect late fees and additional interest on your monthly statements while you participate in a debt settlement program until a settlement is finalized with your creditors. If negotiations are unsuccessful, you may be responsible for payment of the entire new balance.

Participation in a debt settlement program, like any failure to pay creditors on time, will likely increase collection activity, including increased phone calls and correspondence from the creditor or debt collector.

By failing to pay creditors in accordance with the terms of the contractual agreements with those creditors, you may be in violation of the agreements with those creditors, which may result in litigation. If a judgment has been obtained, a creditor may garnish your wages or seize any available assets or property. State laws regarding judgments vary. Please consult an attorney licensed to practice in your state regarding possible judgment consequences.

(5) NO SPECIFIC REDUCTION GUARANTEED. We cannot guarantee that your debt will settle for any particular percentage within any particular time period, or that we will be able to settle any of your accounts at less than full value.

Any individual creditor may use a number of different criteria in determining that creditor’s willingness to settle a debt or the amount acceptable in settlement, including, but not limited to the amount of the debt, the current status of the debt, the reasons you are seeking debt settlement, the debt settlement program, the type of debt, and the amount of your disposable income.

(6) LEGAL ADVICE. Under no circumstances have or will we provide you legal advice.

(7) FEE LIABILITY. You may terminate the program at any time, but you may be liable for some or all of our fees under the terms of your agreement with us.

(8) FUNDING RESPONSIBILITY. You understand that we cannot and will not settle any debt without your authorization and it is your obligation to fund any settlements negotiated by us. We cannot and will not make any payments of any debts on your behalf.

(9) POSSESION OF FUNDS. You understand that we will not take possession or control of any of your funds, other than receiving fees owed to us under the terms of our agreement with you. You or your designee is responsible for depositing and transferring any funds that are required for any settlements and for payment of our fees under the terms of your agreement with us.

(10) THIRD PARTY OBLIGATIONS. If you are using a third party designee to transfer, deposit, withdraw or disburse funds, you may be subject to paying additional fees to the third party designee, if any, for handling your transactions. We may provide you information and forms from companies and/or banks that can act as your designee, but your use of a designee and your agreement with such a designee is separate from your agreement with us.