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Home > Debt Relief Industry > Do They Comply? Consumers Debt Services Says Debt Settlement Let’s You Stop Making Payments Right Now – Legally!

Do They Comply? Consumers Debt Services Says Debt Settlement Let’s You Stop Making Payments Right Now – Legally!

A wonderful site tipster (send in your tips here) brought the site for Consumer Debt Services to my attention. The heading appeared that by enrolling in their CDS Debt Reduction Program that consumers would be able to “Stop making Payments Right Now – legally!”

Do They Comply? Consumers Debt Services Says Debt Settlement Lets You Stop Making Payments Right Now   Legally!

After taking a quick look around the site, this jumped out at me on the second page I looked at.

Do They Comply? Consumers Debt Services Says Debt Settlement Lets You Stop Making Payments Right Now   Legally!

The site also says:

Do They Comply? Consumers Debt Services Says Debt Settlement Lets You Stop Making Payments Right Now   Legally!

On the same page the site says:

WARNING: Whatever you do, DO NOT let your creditors bully you into Chapter 13. And believe me; they will try to tell you Chapter 13 is your only option. As you are about to discover, this is simply NOT TRUE.

All of This Makes Me Scratch My Head

You would imagine that an “attorney assisted” debt relief company would have a better handle of the facts.

  • Debt settlement does not give you a legal right to stop paying your debts.
  • Bankruptcy is not a huge mistake. Anyone want to ask a bankruptcy attorney about that?
  • It is not “nearly impossible to qualify for a Chapter 7.” How can it be nearly impossible when 70% of filings are a Chapter 7 bankruptcy?
  • I am uncertain how an attorney assisted program can guarantee to stop collection calls.
  • When was the last time you heard of a creditor trying to bully a consumer into a Chapter 13 bankruptcy? That decision does not involved the creditor at all. That’s between the consumer, their bankruptcy attorney and the court.

Client Testimonial – Is It a Real Consumer?

And then there is this issue of this alleged client testimonial on the site. Anyone believe this is spontaneous and a real consumer?

[quicktime]http://getoutofdebt.org/wp-content/uploads/Asset-Protector-Group.mov[/quicktime]

Does Anyone Believe This Marketing is FTC Compliant? Post your comments below.

Do They Comply? Consumers Debt Services Says Debt Settlement Lets You Stop Making Payments Right Now   Legally!
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Do They Comply? Consumers Debt Services Says Debt Settlement Let's You Stop Making Payments Right Now - Legally! by

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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.
  • Joe_debt_jr

    I vote for both. They don’t care n also very ignorant.

  • Joe_debt_jr

    I vote, they do not care and very ignorant.

  • Debt Whistleblower

    I’m just wondering how these companies can be so clueless as to the new laws that were passed about this stuff. Do they not care? Or are they really that ignorant?

  • http://www.EliminateCreditDebt.com Debt Whistleblower

    I’m just wondering how these companies can be so clueless as to the new laws that were passed about this stuff. Do they not care? Or are they really that ignorant?

    • Anonymous

      I vote, they do not care and very ignorant.

  • Steve Rhode

    That’s too funny.

  • Andy Faria

    Steve, I’m calling bs on this week’s “do they comply?” I look forward to this post, and usually you offer up a good sample of marketing that somewhat straddles the line, sparking a great debate.

    This is too easy.

  • http://northeast-properties.com Andy Faria

    Steve, I’m calling bs on this week’s “do they comply?” I look forward to this post, and usually you offer up a good sample of marketing that somewhat straddles the line, sparking a great debate.

    This is too easy.

    • http://GetOutOfDebt.org Steve Rhode

      That’s too funny.

  • Observer

    Ummmm…. the lady in that testimony is totally my pre calc teacher from 10th grade!
    Just kidding… She does come off as paid talent as opposed to a true customer in my opinion.

    Steve points out some real solid stuff in the reporting. I would like to add that claims of typical 10 cent on the dollar settlements will run afoul of title 5 of the FTC Act and most state UDAP statutes when found to be deceptive.

    Just an observation.

  • Observer

    Ummmm…. the lady in that testimony is totally my pre calc teacher from 10th grade!
    Just kidding… She does come off as paid talent as opposed to a true customer in my opinion.

    Steve points out some real solid stuff in the reporting. I would like to add that claims of typical 10 cent on the dollar settlements will run afoul of title 5 of the FTC Act and most state UDAP statutes when found to be deceptive.

    Just an observation.

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