Policy Overview & Summary
These Terms of Use govern your access to and use of AltFTool's Debt Settlement guide, comparison tools, and referral matching services. By using this website, you agree to comply with and be bound by these terms.
Key Protections & Commitments
Informational & Referral Only
AltFTool is not a direct debt settlement company, law firm, lender, or credit counselor.
Eligibility Requirement
Users must be at least 18 years of age and lawful residents of the United States.
No Guarantees
We do not guarantee that creditors will agree to settle or that any specific percentage reduction will be achieved.
Mandatory Arbitration
Disputes are resolved through binding individual arbitration with class action waiver.
1. Acceptance of Terms
By accessing, browsing, or utilizing the AltFTool SettleWise Debt Relief portal (the 'Site'), you acknowledge that you have read, understood, and agreed to be bound by these Terms of Use and our Privacy Policy.
You must be at least 18 years old and a resident of the United States to submit debt inquiry forms or utilize our provider matching tools.
2. Independent Information & Referral Service
AltFTool operates as an independent educational publisher and referral marketplace. We do not provide debt settlement services, legal advice, credit repair, or credit counseling directly.
Any debt relief programs, settlement negotiations, fee schedules, or client agreements are entered into solely between you and independent, third-party debt relief organizations.
The content provided on this Site is for general informational and educational purposes only and does not constitute formal legal, accounting, tax, or financial advice.
3. Debt Settlement Risks & Acknowledgment
Users acknowledge the inherent mechanics and potential risks associated with debt settlement programs:
• Credit Score Impact: Enrolling accounts in a settlement program and redirecting payments to a dedicated account will generally lower your credit score during the negotiation period.
• Collection Activity & Lawsuits: Creditors are not obligated to accept settlement offers and may continue collection calls, assess late fees/penalties, or pursue legal action.
• Tax Consequences: Canceled or forgiven debt of $600 or more may be reported to the IRS on Form 1099-C and treated as taxable income unless you qualify for the IRS insolvency exclusion.
4. Prohibited Uses & Conduct
When interacting with our platform, you agree NOT to:
• Provide false, fictitious, or misleading debt or contact information.
• Deploy automated scrapers, bots, or extraction scripts without express written consent.
• Interfere with network security or compromise server integrity.
• Reproduce, redistribute, or republish our proprietary text, checklists, or layouts for commercial purposes.
5. Disclaimer of Warranties
THE SITE, CONTENT, AND REFERRAL SERVICES ARE PROVIDED ON AN 'AS IS' AND 'AS AVAILABLE' BASIS WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. ALTFTOOL DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
WE MAKE NO GUARANTEE THAT ANY CREDITOR WILL AGREE TO SETTLE A DEBT, NOR DO WE GUARANTEE ANY SPECIFIC DOLLAR SAVINGS OR TIME FRAME.
6. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, ALTFTOOL, ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SITE OR YOUR INTERACTIONS WITH THIRD-PARTY DEBT RELIEF PROVIDERS.
7. Binding Arbitration & Class Action Waiver
Any dispute arising out of or relating to these Terms or your use of the Site shall be resolved through binding individual arbitration administered by the American Arbitration Association (AAA).
YOU AND ALTFTOOL AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.
8. Contact & Governing Law
These Terms are governed by the laws of the State of Delaware, without regard to conflict of law principles. For inquiries regarding these Terms, contact legal@altftool.com.