A tipster (send in your tips here) sent in the marketing mailers to be on the lookout for.
My advice is that you should stay as far away from these mailers as possible. Besides trying to look deceptively like government mailers, they use language on them that is now outlawed.
Good and legitimate companies will not want their names associated with these mailers. They will set off bells and warnings for any consumer that says they received on. Regulators will hate these.
I’ve bolded my least favorite parts.
Form 0080S Payment Reduction Notification – Debt Reduction 1-A08
This form pretends to be some type of official notification.
This form uses the following language on it:
If you are struggling with your consumer debt payments, you are not alone. Millions of consumers across the nation are experiencing financial hardships like never before. Job losses, pay cuts and the rising cost of living are just a few reasons why many people are struggling to make ends meet. Many families across America feel like they have no options for assistance; but you do.
It is with great honor, The Company Name presents to you a chance of a lifetime. The Compnay Name offers a simple savings program for consumers that are struggling with their unsecured debts that may reduce your overall debt significantly and provide you with a drastically reduced monthly payment. If you have the desire to get out of debt before the year 2030, we recommend you call us immediately.
Call Us Today For Your Free Consultation @ (866) 888-8888
Our services apply only to unsecured debts such as credit cards, unsecured loans and lines of credit or medical bills.
YOU MAY BE ELIGIBLE FOR DEBT REDUCTION UP TO <$DEBT>
This is a unique opportunity that is not offered to all consumers. You have been pre-selected for this program. Please call us today @ (866) 888-8888. You will be immediately connected with a professional consultant that will understand and identify your situation. We pride ourselves on providing excellent customer service and providing the highest level of professionalism. When you call The Company name, please reference your personal ID code on the top right hand side of this form.
Some may think to themselves this offer is too good to be true. What is the catch? There is no catch. There are no gimmicks. The Company Name applies tried and tested methods that thousands of consumers have already taken advantage of and benefited greatly.
Throughout the program, your creditors are contacted and a significant reduction of your debt is negotiated on your behalf saving you thousands of dollars!
The definition of insanity is continuing to do the same thing over and over and expecting change to come from it.
This offer is set to expire soon! Take the next step towards financial freedom, Call Today! (866) 888-8888
Issued Date: May 28th, 2009
This message is brought to you by The Company Name. When you contact The Company Name we will attempt to understand your situation as you explain it to us, and suggest possible options. By calling and providing your personal information, you agree that your personal information may be collected and you agree that you will perform your own due diligence in reviewing whether any option presented is sufficient and suitable for your personal situation, comfort and risk tolerance level. Individual results may vary based on ability to save sufficient funds, and complete all program terms. Program does not assume or pay any debts, promise a specific reduction in debt, or provide legal or tax advice. Program is not available in all states. Please request, read and understand all program terms prior to enrollment. Program marketing is based on qualification into a 36 month savings model. This product or service is not affiliated with, associated with or endorsed by any government agency and this offer is not being made by an agency of the government. By providing your contact information, you agree to receive return telephone calls, emails or other communications from Program and its affiliates and expressly waive any No Call preference or registration.
U.S. Economic Stimulus Initiative – Form 008-S Settlement of Outstanding Debt
This form even has an official sounding return address and a background of an government looking eagle to fool consumers.
The inside of the mailer claims:
Our records indicate that your household is qualified to participate in the National Debt Settlement Program.
This program is designed to reduce individual and household financial burdens due to economic hardship.
Important: You are under no obligation to participate in this program. However, our attempts to contact you
so far have been unsuccessful. Unfortunately, our efforts sometimes get confused with those of telemarketers.
Contact us toll-free at [VARIABLEPHONE] before the final expiration date of [VARIABLEDATE].
• Reduce balances up to 50%
• Cut monthly payments in half
• Debt-free in 12-36 months
• Stop late and over-limit fees
• Eliminate harassing phone calls
• Improve credit rating
• Avoid bankruptcy
For details of benefits and your eligibility call the number below. Please provide your case number.
First Notice Letter
Call me crazy but how is this a first notice letter when the ad copy says, “Our records indicate that you have not responded to previous attempts to notify you…”
The full ad copy of the letter says:
Case Number AJ-192436
Our records indicate that you have not responded to previous attempts to notify you of your eligibility to negotiate a reduction in your current debt. Unfortunately our attempts sometimes get confused with those of telemarketers.
Your creditors are willing to negotiate a reduction of principal and interest on your accounts. Contact us toll free at 1-800-888-8888 before the final expiration date of September 1, 2008.
HOW THIS BENEFITS YOU
You have been selected for a debt reduction reduction program. Your outstanding revolving debts can be reduced by 40%-60%. Your total principle, interest, and monthly payments would be reduced by this amount. All late fees and penalties can be forgiven. Any current or future collection calls halted.
For details of benefits and your eligibility call the number below and provide your reference number.
CALL TOLL-FREE 1-800-888-8888
CASE NUMBER AJ-192436
Proudly Brought to You by MarketTouch
These fake and deceptive mailers are being pitched to debt relief companies by MarketTouch at 1124 South Powerline Rd, Pompano Beach, FL 33069. The company can be found at mt-2.com.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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