- Commercial Name: Simply Debt Free
- Record Date: 11-8-2010
- Network/Channel: Retro TV
- Description: This is the first television commercial I have seen that appears geared for debt settlement companies that are complying with the new FTC telemarketing sales rules and not charge an up-front fee. It is a good example of how debt settlement companies that comply will market themselves against companies that attempt to find loopholes around the law and continue to charge up-front fees. 1-800-948-5159.
That being said there are some issues about some of the messages. For example, it says, “Are you considering bankruptcy but worry about the damaging effects it may have on your credit?” The commercial does not provide a similarly weighted message that the debt settlement program it is promoting may have a similar or worse impact on your credit.
The commercial claims to be able to reduce your debt by nearly half, probably a marginally compliant statement. It says it is risk free, but that’s not accurate either. There is a risk to entering a debt settlement program and falling behind on your payments to creditors. You could be sued, have your wages garnished and hurt your credit for seven years. The commercial says you can avoid bankruptcy and save your credit, that’s just terribly misleading.
The debt relief commercial above is presented only as an example and archive of debt relief marketing and NOT AS AN ENDORSEMENT by this site. The commercial is archived for research purposes only.