Latest Posts
Home > Debt Articles > BestDebtSettlementProgram.net Makes Some Big Promises, But Are They True?

BestDebtSettlementProgram.net Makes Some Big Promises, But Are They True?

A tipster (send in your tips here) sent in a request for me to look at BestDebtSettlementProgram.net and look at the claims the site actually buys the debt of the consumer.

The site claims to:

  • We Buy Your Debts!
  • Much Faster Results Than Most Debt Settlement Programs
  • Pay Only 55 Cents for Every Dollar You Owe – Guaranteed!

The site also claims that:

  • Debts Settled For 55 Cents On The Dollar GUARANTEED! (With Our Fees Included!)
  • Your Debt Is Bought Out Upfront – You Will See Results In Months! NOT Years…
  • Free Attorney Hours – We Will Defend You In Court If You Are Summoned And/Or Do A Bankruptcy If You Choose To At No Extra Charge!
  • We Have Set Fees With No Upfront Fees!
  • No Power of Attorney, Which Means The Client Has 100% Control Over Their Money – Not Us

With our program, clients experience Immediate Relief from their debts. We buy out your debts upfront on the promise that you are going to pay us back. Once enrolled in our program, your credit report will show your balances cleared out, so that the credit repair process can begin! No more collection calls! You will have one affordable monthly payment to make and that’s it. – Source

They also say:

What customers really want is “immediate relief,” not a promise of relief in several years. Because we provide “immediate relief,” our affiliates lose fewer customers. The industry average shows debt settlement companies retaining two thirds (2/3) of the clients they sign up. In our program, we retain five sixths (5/6) of clients, which is a one sixth (1/6) retention rate gain. – Source

The site is actually owned by Paul Vrieling of HotLiveLeads (HotLiveLeads.com) and appears to be a lead generation site and not an actual service provider. The site does not list any street address on it and it was registered on September 8, 2010.

The claims by the site seem unreal. I am not aware of any source that is buying the bad debts of consumers for a future promise of repayment. Nor am I aware of any network of attorneys that is providing free legal assistance, including bankruptcy.

The claims of a guarantee for a consumer to pay only 55% of their debt seem totally unsupported as well.

I have added the email address of the site owner as a subscriber to the comments on this post in hopes they can shed some light on the basis of their claims.

If anyone has any insight or experience with this site, please post your feedback in the comments.

Site Archive

BestDebtSettlementProgram.net Makes Some Big Promises, But Are They True?
Get Out of Debt Guy – Twitter, G+, Facebook

BestDebtSettlementProgram.net Makes Some Big Promises, But Are They True? by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Damon Day

    Well, I hate to overstate the obvious, but it is fun, so I will. :-)

    Let me make sure I am clear. The site claims that they will buy out a consumers debts upfront and it will show as not outstanding on a credit report. The site also claims that they do this on the promise that the consumer will pay them back.

    Ok, lets say I buy into the incredible story that there is someone willing to front the money. Well here is where it goes off the rails, they offer free legal council if a consumer is sued. Um, sued by who? If this company somehow is able to buy out the debt, (which I would like to see) then the only person the consumer would owe money to is this settlement company right? So the only person that would possibly sue the client for non payment is this company. How and why then would this company provide legal assistance in the event of a lawsuit? Would they be able to prevail against themselves :-)

    When you are not completely truthful, the narrative can easily contradict itself. However, if I am wrong, I would like to see what these guys are doing. I talk to consumers every day that would love to have some person pay off all of their debts for them. So if this is legit, please open your doors and let me see it in action.

    http://getoutofdebt.org/Damon-

    ,

  • http://DamonDay.com Damon Day

    Well, I hate to overstate the obvious, but it is fun, so I will. :-)

    Let me make sure I am clear. The site claims that they will buy out a consumers debts upfront and it will show as not outstanding on a credit report. The site also claims that they do this on the promise that the consumer will pay them back.

    Ok, lets say I buy into the incredible story that there is someone willing to front the money. Well here is where it goes off the rails, they offer free legal council if a consumer is sued. Um, sued by who? If this company somehow is able to buy out the debt, (which I would like to see) then the only person the consumer would owe money to is this settlement company right? So the only person that would possibly sue the client for non payment is this company. How and why then would this company provide legal assistance in the event of a lawsuit? Would they be able to prevail against themselves :-)

    When you are not completely truthful, the narrative can easily contradict itself. However, if I am wrong, I would like to see what these guys are doing. I talk to consumers every day that would love to have some person pay off all of their debts for them. So if this is legit, please open your doors and let me see it in action.

    http://getoutofdebt.org/Damon-Day

    ,

  • Steve Rhode

    Thank you so much for coming back and updating the information.

  • Paul

    Hi Steve,

    It’s Paul here. HotLiveLeads was a company that myself and a partner tried to get going a couple years back, but failed completely. I think the website is still up, but no hot live leads are being delivered.

    Now, I make some websites in my spare time. Maybe 2 a month if that. It’s hard to compete with outsourcing.

    To get clients, I throw in a free domain and hosting on my resellers account. Basically, I can host many websites and give my clients log in to handle any changes they need to make later on.

    So as far as the claims made on the site, I’m not the one to ask. I just the web designer. None of those contact forms or phone numbers go to me.

    If you fill out the contact form on the site or call the 800 number, I’m sure they can answer your questions. Then, you can come back here and inform your readers.

    Regards,

    Paul

  • Paul

    Hi Steve,

    It’s Paul here. HotLiveLeads was a company that myself and a partner tried to get going a couple years back, but failed completely. I think the website is still up, but no hot live leads are being delivered.

    Now, I make some websites in my spare time. Maybe 2 a month if that. It’s hard to compete with outsourcing.

    To get clients, I throw in a free domain and hosting on my resellers account. Basically, I can host many websites and give my clients log in to handle any changes they need to make later on.

    So as far as the claims made on the site, I’m not the one to ask. I just the web designer. None of those contact forms or phone numbers go to me.

    If you fill out the contact form on the site or call the 800 number, I’m sure they can answer your questions. Then, you can come back here and inform your readers.

    Regards,

    Paul

    • http://GetOutOfDebt.org Steve Rhode

      Thank you so much for coming back and updating the information.

  • ComplianceSlave

    That cannot be possible- How can i sell my debt to someone without permission from the creditor. Nah Uh… No way. Anyone click it to see if you can get a pitch?

  • http://www.ftc.gov ComplianceSlave

    That cannot be possible- How can i sell my debt to someone without permission from the creditor. Nah Uh… No way. Anyone click it to see if you can get a pitch?

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.