Internet's first get-out-of-debt community - 199,000 members

11-07-2007, 07:32 PM

i need to hear from someone who has been through or going through there system. you can call me at 816 xxxx. please hurry as they are about to take a 2nd payment out of my account. thanks. phone number removed for your safety..Bossy4455

cajunbulldog · 11-08-2007, 07:33 AM

:shock: :shock: :shock: :shock: I would not touch them with someone else's money.That web site and forum screams conspiracy theories!!!!

allvarsity · 11-08-2007, 05:27 PM

Here is a link to the BBB report on this company. http://www.labbb.org/BBBWeb/Forms/Bu...=100054546&sm=

For Anony Mouse;
I am curious if you have seen any of your debts eliminated yet? Please respond.

11-08-2007, 07:07 PM

Thanks for giving us that link to the BBB, allvarsity.
Roshana

chereennb · 11-18-2007, 11:43 AM

I've used them. This is what I posted in another forum: 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!

11-19-2007, 04:45 PM

Ok, very simple equation...hollywood blvd and conspiracy theory. If anyone is familiar with the hollywood blvd area what is it famous for? Yes, the stars in the sidewalk the overpriced souvenirs, the hookers, crackheads, junkies and brand new Kodak theatre which I must say is quite an impressive plaza. Hollywood Blvd is know for the freaks and weirdos like the hookers and junkies and homeless that need to be seriously institutionalized. None of that really bothers me about the area as I have lived in the LA area but what really scares me is the one little utopia located on L. Ron Hubbard Blvd. Yes, scientology. They occupy a small little 4-6 block radius right on hollywood Blvd and have a street named after L. Ron Hubbard. These people scare me. They have their own buses, their own schools, they are a strict utopia of nothing but whack jobs!!!! Look at the BBB report, you will notice this company is located in hollywood on hollywood BL enter their address and put the word scientology in with address. Do not sign up with this company and do not think that just because To Cruise and whats her name and John Travolta are scientologists that its cool or anything because its not. Religious groups like this are into incest and all kinds of weird crap. Not people I would want handling my bills.

Hope I provided a bit of insight and comic relief.

12-04-2007, 05:38 PM

I have been in the program for 3 months now. I am becoming afraid as they will not return calls or emails.

12-04-2007, 10:13 PM

Afraid? FIle complaints with the AG in Cali write a letter to the terminator after you figure out what you would do with your accounts. Sifxpert offered free help to someone else who was taken by this company so I would contact him.

12-04-2007, 10:14 PM

i wish someone would help me for me for free. You think if i enroll with federal debt relief for a few months, sifxpert would handle my accounts for free? Just kidding.

12-19-2007, 01:37 PM

I just got off the phone with FDRS, and while I'm still doing research (hence finding this site), I feel like they're onto something. Essentially, they've realized that the vast majority of loans and credit obligations are fraudulently created (see their page on debt_termination for more details.) Their attorneys file challenges to this illegitimate contract and the debt gets written off in 12-18 months. They then help ensure that your credit score isn't negatively impacted. The phone rep told me that she enrolled her housemate in the program. If that's true, I imagine she fully believes in the FDRS "system". Still making my decision, but I just wanted to point out that it's a MUCH different approach than other "debt consolidation" services, and worth investigating. You WILL learn a lot about the secretive banking forces that aren't always aligned with our best interests. Good luck!

12-29-2007, 03:09 AM

"Much different" doesnt even come close to just how different these idiots are. First of all, Banks are heavily heavily regulated and under a constant microscope. I would think by now, they have figured exactly to a science just what is involved and what is compliant, enforceable and indeed legal in order to issue a loan. Dont get me wrong, I know not all banks are fully compliant and I do completely support the validation process which is what NFDRS claims "their attorneys" argue on your behalf. First of all, there is a thing called "unauthorized practice of law" which is a very serious offense for attorneys who represent clients beyond their jurisdiction or where they are not licensed. So, giving the benefit of the doubt, lets say they have counsel in Ca. They can only represent Ca. clients. Do you live in Ca? Probably not. So, everyone else who signs up with FDRS is being sold on the fact that their "attorneys" are challenging the validity of the debt. A little inside information for the naive...this is a process that is not new by any means. Any debtor represented by an attorney will request from the plaintiff attorney proof of the alleged debt. This is called "validation of debt". An attorney will a) confirm that there is a debt but will use this tool in order to find a loop hole or non-compliance to get out of a debt. Therefore, NDRS is offering a program that enables people to commit fraud by way of a 3rd party but advocates not paying your bills which to me is the same as stealing no?

If a debt is not valid, by all means dispute it til its gone but if it is owed it is your responsibility to fulfill your obligation according to the contract you signed or by renegotiating a contract by means of debt settlement or reduction to interest or principal based on your extenuating circumstance.

There are a few (very few) innovative styles some uses to settle debt. FDRS advocates thievery, dishonesty and fraud. If you enroll with them, rest assured you will not benefit. Although "debt validation" is your legal tool as a debtor, there are many creditors who see this type of dispute as a refusal to pay resulting in an immediate lawsuit ending your bankruptcy alternative program.

Knowing this, reading how they are responsive still to sales calls, and not at all responsive to active clients inquiries tells me they are only out to take your money and accomplish nothing for you.

Good luck if you choose that route.

01-05-2008, 10:48 AM

I have been enrolled in fdrs for 3 months. I feel confident with the program. I am looking for someone who has finished the program and can give me some feedback on the results. My counselor has recently left the company ( this past fri.) and was gathering me info. (testimonials)about the program.

01-11-2008, 03:34 PM

I worked for the company a short time too like Maxx1969. Lots of things are secretive because the owner - a short, paranoid egomaniac thinks everybody is out to get him. I got calls from many people who were involved in the program, got sued, had their bank accounts seized & had wages garnished. When they tried to get help from the FDRS people, people never got return calls. So basically they got the duck & dodge. They ended up talking to me because they would just hit any numbers hoping to talk to a real live person. The company got their money and that's all they cared about. The company doesn't give a f*@k about what happens to the clients. After I saw that, I got out of there quick! All I can say is STAY AWAY...Far, far away!

I worked for the company a short time too like Maxx1969. Lots of things are secretive because the owner - a short, paranoid egomaniac thinks everybody is out to get him. I got calls from many people who were involved in the program, got sued, had their bank accounts seized & had wages garnished. When they tried to get help from the FDRS people, people never got return calls. So basically they got the duck & dodge. They ended up talking to me because they would just hit any numbers hoping to talk to a real live person. The company got their money and that's all they cared about. The company doesn't give a f*@k about what happens to the clients. After I saw that, I got out of there quick! All I can say is STAY AWAY...Far, far away!

Anony Mouse: If no one asked you for your mothers maiden name, then your not in that program. Because they DO ask for ALL your personal information, including your ssn, dob, drivers license number, mothers maiden name.

01-14-2008, 08:46 AM

JayZ--My councelor left the company and I received 2 phone calls from the client care dept the next day helping me with my questions. Thay have been responsive to my case. There are many different cases and cicumstances for different people. How long did you work there??

01-25-2008, 02:42 PM

great company i've completed the program six months ago and recieved a cash settlement as well.

01-27-2008, 05:53 PM

I have been with the program for 13 months. Jury's still out. True, they are not good about answering calls or emails. They do not keep you informed about what is going on. Calls from creditors have practically stopped. Even when we did get calls,the collectors were not out of line. We did have to go to court and their attorneys were helpful but not there. We did as a result see some correspondence FDRS has had with our creditors. Good stuff. I still believe in what they stand for and I can see why they are secretive and careful. They have to be. Will keep posting as we get closer to our "magical" eighteenth month.