Financial Disclaimer
Last updated: April 2026
Not Financial Advice
OwedLess is an informational and educational tool designed to help you organize, plan, and visualize your debt payoff. OwedLess does not provide financial advice, investment advice, tax advice, legal advice, or any other form of professional advisory service.
Estimates, Not Guarantees
All calculations, projections, payoff dates, interest estimates, and strategy comparisons generated by OwedLess are estimates only. They are based on the data you enter and on mathematical models that make simplifying assumptions, including:
- Interest rates remain constant unless you specify a promotional rate with an expiration date
- Minimum payments remain consistent (actual minimums may change as balances decrease)
- Payments are made on schedule without interruption
- No new charges or fees are added to your accounts
- Interest compounds monthly
Actual results will vary. Your real payoff date, total interest paid, and monthly obligations may differ from what OwedLess projects.
Your Responsibility
You are solely responsible for:
- The accuracy of the data you enter into OwedLess
- Making your own financial decisions
- Making payments to your creditors on time
- Verifying that OwedLess's calculations align with your actual account statements
- Understanding the terms and conditions of your own debt agreements
Consult a Professional
Before making significant financial decisions — including choosing a debt payoff strategy, consolidating debts, transferring balances, refinancing, or making large lump-sum payments — we strongly recommend consulting with a qualified financial advisor, certified financial planner, or credit counselor who can evaluate your complete financial situation.
No Creditor Relationship
OwedLess has no relationship with your creditors, lenders, banks, or financial institutions. We do not:
- Contact your creditors on your behalf
- Negotiate interest rates or settlements
- Make payments to your creditors
- Access your bank or credit card accounts
- Report to credit bureaus
- Guarantee any change to your credit score
Strategy Information
The debt payoff strategies described in OwedLess are based on well-known approaches to debt repayment. The Snowball and Avalanche methods have been publicly discussed by financial educators for decades. Additional game plans offered by OwedLess (such as Free Up Cash and Custom) are variations that apply the same underlying principles in different priority orders. All strategy descriptions are for informational purposes only. The best approach for your situation depends on factors that OwedLess cannot fully account for, including your income stability, emergency savings, tax situation, and personal financial goals.
No Warranty
OwedLess is provided "as is" without warranty of any kind. We do not warrant that the calculations are error-free, that the service will be uninterrupted, or that the information provided will be suitable for your particular financial situation.
Limitation of Liability
OwedLess and its creators shall not be liable for any financial losses, damages, or negative outcomes resulting from your use of the service or your reliance on its calculations and projections. This includes but is not limited to missed payments, accumulated interest, credit score changes, late fees, or penalties.
Educational Content
Articles, tips, and educational content within OwedLess are for general informational purposes only. They do not constitute professional financial advice and should not be relied upon as such.
Contact
If you have questions about this disclaimer, contact us at:
Email: legal@owedless.com