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Posted: Sat Nov 17, 2007 6:20 pm Subject: Federal Debt Relief System DONT BE FOOLED |
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I just wanted to write a post for anyone who has ever considered or is considering using the Federal debt relief System to get out of debt. DON'T USE THEM!!!! Everything they claim is a lie! I started the program in February 2007. They didn't deliver anything they promised. When I started making inquiries on my accounts and to their dealings with my creditors, they simply stopped returning my calls. I got a Warrant in Debt and have to appear in court and they assured me that this would NEVER happen. I recently discussed their program with a lawyer and he confirmed that their program is all lies and that they are committing fraud. They've taken $2400 of my hard earned money - I'm making attempts to get it back, but I'm not optimistic about it. Some advice I'll give to anyone dealing with debt collectors: Do some research and handle it yourself! Thats what I did 3 days ago. I got out of the program, stopped all payments to FDRS (Federal Debt Relief System). Sent them correspondences demanding my money back, told them they were in breach of contract and citing where and how. Then I called all the debt collectors that held my accounts and negotiated the balances down for settlements of about half of what I owed. And I got EVERYTHING in writing. I feel MUCH better and safer that I'm handling this myself, because I know that I won't do anything to intentionally hurt myself, but someone else will in a heartbeat!
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chereennb

Joined: 13 Nov 2007
Posts: 29
Debtcc Points: 1102
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Bossy4455
Moderator


Joined: 27 Feb 2006
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Posted: Sun Nov 18, 2007 12:41 pm Subject: |
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thanks karen. i'm going to post in that forum as well.
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chereennb

Joined: 13 Nov 2007
Posts: 29
Debtcc Points: 1102
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Posted: Sun Nov 18, 2007 7:49 pm Subject: |
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Best of luck Cher! Keep us updated!
_________________ Mommy to Matthew Patrick...born 3/6/08!
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lawn1016

Joined: 26 Jul 2007
Posts: 681
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Posted: Mon Apr 14, 2008 8:36 pm Subject: |
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"Everything they claim is a lie!' "told them they were in breach of contract and citing where and how."
I'm skeptical of FDRS's service, but it would've been more helpful to people if you gave some specifics; what lies did FDRS say, besides "everything"? In what ways- where and how- were they in breach of contract?
The info on the FDRS website about how the money/credit system works is correct.
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Guest

Debtcc Points: 100
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Posted: Tue Apr 15, 2008 6:42 am Subject: debt |
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I have a few friends who have had 'negative' results, with them, as well. According to them, it all sounds good, but, they din't get the services they were told they would get. ONE of them has more debt now, because of their 'promises'.
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sdchargers_63
Joined: 08 Aug 2007
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Posted: Sat Jun 07, 2008 8:02 am Subject: Debt Relief |
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Spam removed by Shazzers
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Cody
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Posted: Sat Jun 07, 2008 1:21 pm Subject: |
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Sorry, but FDRS is a scam. You can recognize this type of company very easily. They make the claim that because of how our monetary system works, you never really borrowed any money in the first place! Their system is based on the false belief that credit card banks are operating illegally by extending credit to you. Absolutely do not give your money to one of these outfits! The fees start at $2,500 and go up from there.
Folks, there is no free lunch. The only thing such "debt termination services" will do for you is take your money. Their legal theories are total nonsense, and the courts do not recognize their arguments. These are the same people who also claim you don't need to pay your income taxes either. As tempting as it might be to try one of these services, you'll only get yourself in deeper trouble with your creditors.
Its a joke. They advertise on these government conspiracy websites like The Genesis Communications Network.
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_________________ Scammed ? File complaints at these links
http://www.ic3.gov/crimeschemes.aspx#item-5
https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en
http://www.debtconsolidationcare.com/forums/about2865.html
www.us.bbb.org
www.ripoffreport.com
Losing doesn't make me want to quit. It makes me want to fight that much harder. - Paul "Bear" Bryant
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mobile0311


Joined: 05 May 2008
Posts: 1040
Debtcc Points: 5559
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Posted: Mon Jun 16, 2008 8:28 am Subject: |
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I just wanted to let everyone know, I had a concern last week and I called FDRS client care and my problem was handled immediately. I am very thankful for there quick response in helping my needs. I am also still very happy with FDRS legal team. They are great and I have yet to have any problems at all. Every time I have a concern I call FDRS or their legal team and they take care of everything in a quick manner. All I hear are complaints about FDRS and I don't get it, I have had nothing but good luck with them, those of you that want to get rid of your credit card debt I would highly reccomend them. You MUST follow their directions in order for the program to work properly, but if you do you will have no problems. If your willing to be proactive about your debt this program will work, but if your not then your out of luck. Im less than 6 months away from completed the program and am confident that I will be the first person on this forum that will be a satisfied client of FDRS..... Only time will tell, but I will keep you all posted. Those of you in the program- good luck and let FDRS and their legal team do the work for you. Do as they tell you and you will be as happy as I am. Talk to you later.
Mike in KC
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Guest Mike
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Posted: Mon Jun 16, 2008 8:46 am Subject: |
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I believe the Federal debt relief System is the perfect scam because when the credit card companies, collection agencies and banks start suing you (like they are me!!) The Federal Debt Relief System or FDRS.org is not responsible. And since they are dealing with people with money problems there is little risk for them getting sued. Fortunately my brother in-law is an attorney so he is taking my case. Unfortunately, the company is set up in a way that it’s hard to go after them so I'm suing this lady Veronica who “enrolled me”, but something is better than nothing.
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Aaron Fisher
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Posted: Mon Jun 16, 2008 12:13 pm Subject: |
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Here is a recent article about Debt the Termination / debt elimination scams.
| Quote: | Debt Elimination Scams
June 2, 2008
Debt Elimination is a dream shared by the millions of consumers who find owing money to credit cards, banks, or lenders. To be blunt and painful; debt elimination is nothing but a dream and a scam.
This scam is growing fast as the financial crisis continues to worsen. The people behind the idea of debt elimination have no qualms about taking advantage of someone’s weaken emotional and economical state for their own benefit. The promise of debt elimination is just that the elimination of any debt which is why it is so appealing to consumers who face foreclosure or bankruptcy. This type of solution just does not exist. For those that fall for the scam they will be out several thousands of dollars of which they really didn’t have to spend in the first place.
There are many tactics used by debt elimination companies but it all centers around the core idea that credit lines are illegal. Sure, this sounds ridiculous but everyday countless consumers fall for the scam giving away large sums of money for nothing. The debt elimination companies will tell their victims that that credit card or line of credit from the bank is illegal so you don’t have to pay the debt. In fact, with the scammers legal expertise they will be able to take the credit card companies and banks to court who will quickly retract the debt not wanting word of their illegal activities to leak out to the general public.
The debt elimination company will give you promise after promise and make grandiose claim after grandiose claim. Using bits and pieces of the actual law to pepper their sales pitch with a hint of legitimacy the company will then ask for a large sum of money upfront for a paper or a waiver that will make that debt disappear. The quotes that are used to make the claim seem honest are taken out of context and used inappropriately and to the ill informed sound like an answer to a prayer. If you fall for this scam and take that waiver to your lender or bank they will probably not laugh at you but they will confiscate the waiver and contact the FBI. Not only will you be facing intense questioning but you will be out thousands of dollars and will still be responsible for your debt.
There are several variations of this scam all centering on the claim that the credit loan is illegal. Consumers with credit card debts are not the only one being inundated with offers of debt elimination. Those with mortgages and facing foreclosure are tempted to take the offer in a desperate attempt to save their home. No matter what debt they claim to eliminate it is all a scam. What the credit card companies and banks do are legal, if it were illegal the government would’ve stepped in long ago. There is no secret magic pill offered exclusively to you no matter how desperately you need it.
Now, there are several legitimate ways to reduce your debt. The problem many have with these legal methods is that it takes time, hard work, and constraint. Remember, if it is too good to be true then it often times is.
Difficult financial times are never an easy event to navigate through. If you are serious about rebuilding your credit and getting out of debt you will have to work hard. The legitimate debt recovery programs will provide you with the tools and knowledge to help you pay off those debts. If you borrow money you will have to pay it back. As soon as you find yourself facing more debt then you can manage seek help from a reputable and legal debt consolidation and management organization and avoid anything that promises magic beans. |
These debt elimination companys like FDRS don't work. Just Google search these words " Debt Termination scam " or "Debt Elimination scams " or " No money lent scam ". You will find tons of articles about this type of scam.
_________________ Scammed ? File complaints at these links
http://www.ic3.gov/crimeschemes.aspx#item-5
https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en
http://www.debtconsolidationcare.com/forums/about2865.html
www.us.bbb.org
www.ripoffreport.com
Losing doesn't make me want to quit. It makes me want to fight that much harder. - Paul "Bear" Bryant
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mobile0311


Joined: 05 May 2008
Posts: 1040
Debtcc Points: 5559
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Posted: Thu Jun 19, 2008 11:46 am Subject: |
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Mobile0311 - Is there an FDRS forum you are not on? I am tired of your same posts and would like to go to a forum where people are in the program, and can give examples of their personal experiences instead of just conjecture!
We understand you don't like them and think they are a scam, but do me a favor...GO AWAY! People like you just cause forums to argue unnecessarily and get shut down.
If you see a forum where people are "IN" the FDRS program and discussing their experiences, please don't post there...it just makes us mad and steers the subject off topic. Thanks!
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Keeping the Faith
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Debtcc Points: 100
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Posted: Thu Jun 19, 2008 12:09 pm Subject: |
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Keeping the Faith , thanks for your wonderful input.
Mobile0311 - Is there an FDRS forum you are not on? The answer is probably not. I will post at every chance I get to educate people about these scammers. You don`t like my posts. Oh well, thats just too bad .Should I call you a whaaaambulance? I will do everything in my power to prevent these scammers from getting another person's hard earned money.
People like you just cause forums to argue unnecessarily and get shut down. People like me prevent people from getting conned out of their hard earned money.FYI , I post on tons of other subjects here to try and assist people with there financial hardships. I am not here to start arguments. Just trying to provide people with information regarding their situation to help them make an educated decision. I have worked in the credit , counseling , and settlement industry for years and have spoken with tons of people ripped off by these con artists at FDRS. You may not like it but I will post as much info on them as I can to call these people out on their scam
So if you don`t like my posts and want me to ...GO AWAY! Sorry but I'm disinclined to acquist to your request.... which means NO! If you have an issue get a tissue.
PS. Everyone who has been ripped off by FDRS ,below as my signature are links to all the places you need to file a complaint with. Hope this helps
_________________ Scammed ? File complaints at these links
http://www.ic3.gov/crimeschemes.aspx#item-5
https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en
http://www.debtconsolidationcare.com/forums/about2865.html
www.us.bbb.org
www.ripoffreport.com
Losing doesn't make me want to quit. It makes me want to fight that much harder. - Paul "Bear" Bryant
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mobile0311


Joined: 05 May 2008
Posts: 1040
Debtcc Points: 5559
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Posted: Thu Jun 19, 2008 1:07 pm Subject: reply |
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keeping,i don't mind whoever wants to post,but mobile is a registered respected member here.do not give orders until you register understand?oh and even then it will be scrutinized.i trust my positon is clear.
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paulmergel
Debt Samaritan


Joined: 24 Jun 2007
Posts: 2355
Debtcc Points: 8373
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Posted: Thu Jun 19, 2008 8:12 pm Subject: |
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I agree with keeping the faith, I fully think everyone has the right to speak their own opinion, but it also does get old seeing the same people talk trash on the company that we are giving our hard earned money to. I hope you understand why we are defensive in this manner. We truely disagree with all of the negative comments and honestly want to believe that this company will stick to their words and complete what has been promised to us. The issue I have is I have still yet to find a single person that has actually done as told and followed the steps of the program, that has not been happy with their results. Yes I know how do I know they actually completed the program?? I don't Im just taking their word, everyone that has negative comments that has been with FDRS has either been to scared to continue, or they didn't do as they were instructed to do, thats why the program didn't work for them. Until I finish the program which is only 6 short months away I am sticking to my gut feeling and sticking with FDRS and thier legal team which whom Im very pleased with to date. I hope to be the first one on this forum to tell you I successfully completed the program on time and as planned until then complain all you want- This is America you have that right, (unless Obama gets elected...... lol Just kidding) Just please remember there are people out their that truely do believe in this company and what they stand for, and until I see some kind of proof that this company is in deed a scam I will continue to give them my hard earned money until my program is completed in full. If in the end I get screwed over- I promise I will let every last one of you know about it, but I don't think I have anything to worry about. Good luck to all of you in the program- let me know if you have any questions.
Have a great weekend,
Mike in KC
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Guest Mike
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