FREQUENTLY ASKED QUESTIONS

DO I HAVE TO PAY FOR YOUR SERVICE UPFRONT?

Absolutely not. In our Pay on Performance (POP) program, our clients pay zero fees until we have resolved their debts. Once we have successfully settled one debt, only the fee associated with that debt is collected. All fees associated with our program are included in your low monthly payment.

DO I HAVE ACCESS TO THE MONEY I PUT TOWARDS THE POP PROGRAM?

You have 100% control of your money. The bank account is set up in your name and all the money in the account is yours. Level Thirty Three fees are deducted from this account after your debts are settled, but the accumulated funds in the account are owned by you.

WILL I OWE TAXES ON ANY FORGIVEN DEBT?

We’re not an accounting firm so, for advice, please talk to a professional accountant on this matter. In some instances, the creditor will deduct the loss as an expense, in which case you must record it as income. If the creditor is expensing the lost debt, you may get a Form 1099 from the creditor and you must file this with your income tax return. That said, most of our clients are technically insolvent. If this is the case for you, you can file a Form 982 with your tax return and exclude the discharged debt from your income.

HOW WILL THIS PROGRAM AFFECT MY CREDIT?

Depending on the condition of your credit report at the time of enrollment and the length of your program, a Debt Settlement Program may have an adverse effect on your credit. The goal is to get you out of debt as quickly as possible and avoid bankruptcy.

CAN I NEGOTIATE THIS DEBT ON MY OWN?

Yes, you can attempt to do so. You can also repair your own car and file your own taxes. It’s best to leave these types of negotiations to professionals. Creditors and Collection Agencies have the ability to instill fear into consumers. They lose that power when dealing with Level Thirty Three.

CAN YOU STOP THE HARASSING CALLS FROM MY CREDITORS?

If you’re behind in paying your bills, a debt collector may be calling you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA). This prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. Level Thirty Three’s goal is to get your creditors to call us for a workable solution – instead of you.

CAN YOU BEGIN NEGOTIATIONS IMMEDIATELY?

We’ll typically contact your creditors within 1 week of your joining the program. Our initial contact is to make the creditor aware that we have authorization to negotiate on your behalf. We also will request that all statements and phone calls go directly to us. Except when dealing with certain creditors, our actual negotiations will take place once we have approximately 25% of one of your debt amounts.

CAN I BE SUED?

Creditors do have the right to send debts to law firms in order to collect on a debt that is owed. If this occurs, we will continue to negotiate on that debt and will make it our #1 priority account. If the account does reach lawsuit status, we will attempt to put you on a long-term payment plan at a low interest rate and move onto other accounts. Please remember, we’re not a law firm and cannot provide legal representation or legal advice.

DO YOU GUARANTEE A CERTAIN SETTLEMENT PERCENTAGE?

No. Every negotiation is different, as is every creditor. It’s extremely important that we work as a team to obtain the best settlement out there. And with our Pay on Performance (POP) program, it’s in our best interest to get you the lowest settlement possible.

How do I get started? Simply call 877-799-5283 to see if Level Thirty Three is right for you.