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Misleading Debt Negotiation Network Commercial

By on May 23, 2011
Misleading Debt Negotiation Network Commercial

A reader and tipster (send in your tips here) sent in the following sassy debt settlement commercial that aired recently.

The advertisement suggests debts may be able to negotiate debts down to a small percentage of what is owed, credit calls will be stopped and assets will be protected. These statements appear to be not complaint with the telemarketing sales rules covering debt relief services.

The commercial instructs viewers to call 800-925-2017 and says consumers will be calling the Debt Negotiation Network. It isn’t till we get to the fine print that we see this is specifically a debt settlement commercial and that callers will be referred to an attorney. So this is most likely an advanced fee attorney model advertisement and the company running it is a lead generator.

You can view the advertisement here but you will need to turn the volume all the way up to hear the audio.

http://youtu.be/LdcdsDNwD5g

It appears that while debt settlement commercials have significantly subsided they have not vanished all together.

A big thanks to the reader that sent this one it. Awesome!


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About 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.

4 Comments

  1. Damon Day

    May 24, 2011 at 8:54 am

    I love how the fine print isn’t large enough to be read by a human, and is only up there for about 5 seconds.  When I watch these commercials, I always think to myself, does the tv personality/pitchman know how many consumers are going to get scammed by the commercial they are putting out, or are they just reading a script and collecting the money.

    The ads that Hulk Hogan did spring to mind.  It was a shame because I like him.  I bet he had no idea how many thousands of consumers got screwed because the Hulkster said to call that BS settlement company for help.

  2. Damon Day

    May 24, 2011 at 12:54 pm

    I love how the fine print isn’t large enough to be read by a human, and is only up there for about 5 seconds.  When I watch these commercials, I always think to myself, does the tv personality/pitchman know how many consumers are going to get scammed by the commercial they are putting out, or are they just reading a script and collecting the money.

    The ads that Hulk Hogan did spring to mind.  It was a shame because I like him.  I bet he had no idea how many thousands of consumers got screwed because the Hulkster said to call that BS settlement company for help.

  3. allison

    May 23, 2011 at 3:02 pm

    How does a debt settlement program protect your assets and stop creditor calls??

  4. allison

    May 23, 2011 at 7:02 pm

    How does a debt settlement program protect your assets and stop creditor calls??

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