A reader brought the following page to my attention on the Debt Aid Processing website. They wanted to know if the FTC approved back end debt settlement companies. Huh?
And sure enough, the page they directed me to on the Debt Aid Processing website does say “FTC approved back end company.”
I’m going to have to give the company the benefit of the doubt on this and go with they didn’t know what the hell they were posting. The FTC does not approve of certify any companies.
They have this calculator on their site called the commission calculator. The calculators says that if enroll 20 clients with an average of $40,000 in debt your total commission earned will be $120,000. That’s 15 percent of enrolled debt?
That calculator sure makes it seem that all you have to do is enroll twenty people and just sit back and let the money roll in.
The contact us page says they are located at 18201 Von Karman Ave., Suite 680, Irvine, CA 92612. According to server records the following websites are hosted on this server:
The State of California says that Debt Aid Processing was incorporated on 12-22-2009 and is affiliated with Saeid Yarrandi. The domain name was originally registered by a Simon Yarandi.
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