Its a scam. Its the same type scam that Federal
debt relief Systems claims. There program is known as Debt Termination or Debt Invalidation. The scam is based on the bogus "no money lent" argument, where the claim is made that credit card banks cannot loan money legally. I know it sounds retarded but these scammers claim that credit card banks are actually operating illegally, and so you never really borrowed any money when you used your credit cards! Therefore, you don't really need to pay anything back. It sounds too good to be true because it is. Their
debt elimination techniques they are using simply do not work. The creditors hate this scam, and they come down hard on you for trying to defraud them by trying to use this bogus "no money lent" system.Their legal theories are total nonsense, and the courts do not recognize their ridiculous arguments.The only thing these debt termination companies will do for you is take your money and get you sued into oblivion.
P.S. Do some research on New Leaf Associates in Florida and Liberty Resources in Ohio. These companies were shut down their state attorney generals for this same scam.