Disclosure

Debt Relief Disclosure

Last updated: July 9, 2026

What QuoteAmerica is not

QuoteAmerica is not a debt settlement company, a debt consolidation company, a credit counseling agency, a credit repair organization, a collection agency, a lender, or a law firm. We do not negotiate with creditors on your behalf, we do not hold or administer consumer funds, we do not provide legal, bankruptcy, credit, tax or financial advice, and we do not represent you in any capacity. We charge consumers nothing.

We operate an advertising and consumer referral service. Programs and services are offered exclusively by independent third parties to whom we may transmit your request.

Material risks you should understand before enrolling

Read this before you enroll in any debt settlement program.

Your credit will likely be damaged. Most debt settlement programs instruct you to stop making payments to your creditors. Each missed payment is reported to the credit bureaus, accounts eventually charge off, and the negative information can remain on your credit report for up to seven years. A settled account is reported as settled for less than the full balance.
Creditors can and do sue. Stopping payment does not stop a creditor's right to sue you for the balance. A judgment may permit wage garnishment or a bank levy, depending on your state. Debt settlement companies are not law firms and generally will not defend you.
Your balance can grow. Interest, late fees and penalties continue to accrue on unpaid accounts throughout the program, so the amount you owe may increase substantially before any settlement is reached.
Collection activity will likely continue or increase. Expect calls and letters from creditors and collection agencies.
Forgiven debt may be taxable. The IRS generally treats cancelled debt above $600 as taxable income, and a creditor may issue a Form 1099-C. Exceptions such as insolvency may apply. Consult a tax professional before enrolling.
Not everyone completes a program. Results vary and are not guaranteed. Savings claims are based on prior client results, which do not predict yours. No settlement company can guarantee that any creditor will agree to settle, or on what terms.

Fees

Under the Federal Trade Commission's Telemarketing Sales Rule, a debt relief company that sells its services over the telephone may not charge any fee before it has settled or otherwise resolved at least one of your enrolled debts. Fees are typically calculated as a percentage of enrolled debt or of the amount saved. Ask any provider for the total projected dollar cost in writing before you sign anything.

Availability and eligibility

Debt relief programs are not available in all states, and some states impose additional requirements or prohibitions. Not all debts are eligible: programs generally address unsecured debt such as credit cards, medical bills, personal loans and collection accounts. Secured debts including mortgages and auto loans are not eligible. Federal student loans have separate federal relief programs and should not be enrolled in a private settlement program.

Consider all your alternatives

Debt settlement is one option among several. Alternatives include negotiating directly with your creditors at no cost, a nonprofit credit counseling agency's debt management plan, a debt consolidation loan, or bankruptcy. Bankruptcy may discharge qualifying debts more quickly and halts collection activity through the automatic stay, though it carries its own significant and lasting consequences. Nonprofit credit counseling is available at low or no cost. You are entitled to a free credit report from each nationwide bureau at AnnualCreditReport.com.