This disclaimer (“Disclaimer”) sets forth the general guidelines, disclosures, and terms of your use of the JunkCredit.com website (“Website” or “Service”) and any of its related products and services (collectively, “Services”). This Disclaimer is a legally binding agreement between you (“User”, “you” or “your”) and JunkCredit.com (“JunkCredit.com”, “we”, “us” or “our”). If you are entering into this Policy on behalf of a business or other legal entity, you represent that you have the authority to bind such entity to this Policy, in which case the terms “User”, “you” or “your” shall refer to such entity. If you do not have such authority, or if you do not agree with the terms of this Policy, you must not accept this Policy and may not access and use the Website and Services. By accessing and using the Website and Services, you acknowledge that you have read, understood, and agree to be bound by the terms of this Disclaimer. You acknowledge that this Disclaimer is a contract between you and JunkCredit.com, even though it is electronic and is not physically signed by you, and it governs your use of the Website and Services.If you have outstanding debt, creditors can sue you and potentially win a court order to garnish your wages. This includes up to 15% of your Social Security benefits (though disability and SSI are often protected). This can drastically reduce your primary income source.
An income shock is a sudden, unexpected reduction or loss of income. This can result from job loss, reduced work hours, a pay cut, disability, illness, divorce, or the death of a primary income earner.
Debt consolidation involves taking out a new loan (often at a lower rate) to pay off multiple existing debts, simplifying payments. Debt settlement involves negotiating with creditors to pay a lump sum that is less than the full amount owed, which severely damages your credit.
The first session is a free financial review. A certified counselor will review your income, expenses, debts, and assets to provide a full assessment of your situation and discuss all available options, not just a DMP.
BNPL plans allow small, manageable payments but can encourage overspending. Multiple BNPL agreements can silently accumulate, creating a significant monthly burden that suddenly contributes to overextension.