DEBT SETTLEMENT PROGRAM DISCLOSURES

1.The fees paid to A.R. Trust Services for their services, as well as when and how those fees are to be paid, will affect the progress of your debt settlement plan.

2.Debt Settlement plans are not suitable for all individuals and the individual may ask the provider about other ways, including bankruptcy, to deal with indebtedness;

3.Most creditors and collectors negotiate with A.R. Trust Services, but A.R. Trust Services cannot force the negotiations and cannot force creditors to accept a settlement. No specific results can be predicted or guaranteed. A.R. Trust Services will estimate the amount of time and money needed to resolve your debt, but an estimate is not a guarantee. The actual size of any debt reduction and the actual length of time that will be needed to negotiate a specific settlement or to complete your plan are unpredictable.

4.Communications with creditors are handled on a case by case basis. In some instances creditors will be notified immediately of your enrollment. In other instances it may be 90 days or more before they are contacted. Settlement negotiations may not begin for several months after you enroll in a Debt Settlement Plan. Your Settlement Plan is based on an effort that will continue for many months. The time needed to produce a settlement depends on several factors. These may include: (a) The fees associated with your Debt Settlement Plan, (b) the age and balance of the accounts that you owe your creditors, and (c) the funds you have available to pay for a settlement.

5.If you do not make required minimum payments to your creditor you may be breaking the terms of your agreement with them and your actions will probably be reported to consumer reporting agencies as late, delinquent, charged-off or past due balances. This is true anytime you fail to make your minimum payments in a timely manner. After settlement your creditor may comment that the account was "settled for less than the full amount" on your credit report. Depending on the condition of your credit report at the time of enrollment, a Debt Settlement Plan may have an adverse effect on your credit report and credit score.

6.If you do not make your minimum payments your creditor may raise the interest rate on your account. Your account balance will continue to grow as your creditor adds accrued interest, late fees, over-limit fees and penalties. Your balance will continue to grow until a settlement is reached with your creditor; and, if negotiations are unsuccessful, you could be called upon to pay the entire balance.

7.If your creditor settles your debt for more than $600 less than what you owed, the savings may be reported by your creditor to the IRS as Discharge of Indebtedness income. You understand that A.R. Trust Services assumes that you enrolled in its Debt Settlement Plan because you are insolvent, having financial difficulties with your unsecured debts, and have used a Debt Settlement Plan to avoid filing for bankruptcy. The IRS website www.ustreas.irs.gov says that you may be able to exclude Discharge of Indebtedness income if you are insolvent. For more information on tax ramifications to you personally please consult a tax preparer, CPA or Tax Attorney or refer to IRS Publication 908- “Bankruptcy Tax Guide” and IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness available on the IRS website.

8.A.R. Trust Services cannot force any creditor to stop working to collect money owed to them. Your creditors will continue collection efforts on delinquent accounts while you are enrolled in a Debt Settlement Plan. Such collection efforts can include phone calls and letters to you, charging off the account, sending accounts to collection agencies or attorneys, lawsuits and even garnishments of your wages if a judgment has been obtained. It is possible for this to occur even if A.R. Trust Services makes its best efforts to negotiate your debt within a minimum amount of unpleasantness.

9.A.R. Trust Services does not provide legal advice or representation. Consult an attorney for legal advice and representation, including for information about whether Bankruptcy is appropriate for your situation.  A.R. Trust Services does not offer to or assist in credit repair.

10. To Summarize: A Debt Settlement Plan may be an effective way to resolve your debt, but there may be negative consequences and individual results may vary.  As with any type of debt repayment plan, failure to complete a Debt Settlement Plan is likely to have negative consequences on your financial situation. 

Uniform Debt-Management Services Act ("UDMSA") Required Disclosure Box

IMPORTANT INFORMATION FOR YOU TO CONSIDER

(1) Our program is not right for all individuals, and you may ask us to provide information about bankruptcy and other ways to deal with your debts.

(2) Nonpayment of your debts under our program may

∙hurt your credit rating or credit scores;

∙lead your creditors to increase finance and other charges; and

∙lead your creditors to undertake activity, including lawsuits, to collect the debts.

(3) Reduction of debt under our program may result in taxable income to you, even though you will not actually receive any money.

A.R. Trust Services

19046 Bruce B Downs Blvd #205, Tampa Fl 33647