Debt Relief Industry Marketing

Did You Know “Debt Restructure” is Better Than “Debt Settlement?”

What am I to think when a site says:

“Debt Restructure” is better than “Debt Settlement” and is FTC complaint.

What am I to think?

Here is the full image of the site with the claim on it.

What makes the statement even more ironic is that the company making the statement is called Next Generation Debt Settlement. So would Next Generation Debt Restructure be a better and more complaint company?

I suppose next we’ll have companies calling debt settlement something even stranger like “Debt Sex Fest” and use that to try and confuse consumers. It’s not the name companies need to worry about, it’s simply complying with the laws covering debt relief services. Debt restructure or debt settlement, it’s still the same damn thing.

Next Generation Debt SettlementArchive

Sincerly,
Steve

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About the author

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.

14 Comments

  • How about debt rearrangement services, debt reorientation services, or debt reconstruction services? Do those have to comply with the new FTC rule?

  • How about debt rearrangement services, debt reorientation services, or debt reconstruction services? Do those have to comply with the new FTC rule?

  • Been seeing a lot of “self save” legal models that imply that settlement may occur but are contracting to fight validity or FDCPA TILA violations. My opinion is that even if compliant with TSR????, they probably will not be 1) actually consumer friendly 2) helping anyone 3) Bar compliant (fee splits, marketing, etc). This will be a problem for the lawyers. And I doubt the FTC is going to let this fly, so I will guess it will be a problem for the provider, marketers, lead gen co’s too. Time will tell.

  • Been seeing a lot of “self save” legal models that imply that settlement may occur but are contracting to fight validity or FDCPA TILA violations. My opinion is that even if compliant with TSR????, they probably will not be 1) actually consumer friendly 2) helping anyone 3) Bar compliant (fee splits, marketing, etc). This will be a problem for the lawyers. And I doubt the FTC is going to let this fly, so I will guess it will be a problem for the provider, marketers, lead gen co’s too. Time will tell.

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