Federal Debt Relief Program - Has it been helpful to consumers?

And... Another point I'd like to make. FDRS claims that the CC companies are operating illegally by loaning you your own fictious money, via turning your agreement into a promisory note. Ok, this IS admittedly shady, but I might point out that technically, you are not legally required to pay income tax, and it is well known that the IRS has never been able to show any law that says you do.
However, try not paying income tax and see what happens... You lose!
The idea of "debt elimination" is an absurd fantasy, and, after all, you DID spend the money the CC card companies loaned you. You did get some good or service that had value, so essentially, eliminating the debt is the same as theft.
I think that FDRS is dead on when it comes to the issue of how the Federal Reserve works, etc. Obviously, our currency should be issued by the government, not loaned to the government with interest by a private corporation. This is the real problem to be dealt with.

And... Another point I'd like to make. FDRS claims that the CC companies are operating illegally by loaning you your own fictious money, via turning your agreement into a promisory note. Ok, this IS admittedly shady, but I might point out that technically, you are not legally required to pay income tax, and it is well known that the IRS has never been able to show any law that says you do.
However, try not paying income tax and see what happens... You lose!
The idea of "debt elimination" is an absurd fantasy, and, after all, you DID spend the money the CC card companies loaned you. You did get some good or service that had value, so essentially, eliminating the debt is the same as theft.
I think that FDRS is dead on when it comes to the issue of how the Federal Reserve works, etc. Obviously, our currency should be issued by the government, not loaned to the government with interest by a private corporation. This is the real problem to be dealt with.

This is an article I wrote to address these scammers and those who have fallen for their bait:

You are being scammed by FDRS. I know, because I was (or rather my wife got us dragged into it). The information they provide about how the banking system in the US is just plain wrong and false. Do some REAL research, take some classes in Economics and learn the truth!

Can the Federal Reserve create money? Yes. Do corporate banks create money? No. When the Federal Reserve determines to mint/print additional CASH money, the affect does, in fact get multiplied. It is a financial vehicle for stimulating the economy. But that is the ONLY time money gets "created out of thin air," so to speak. And that is a legitimate practice - you have to understand the whole process. Can banks issue promissory notes that cause the Federal Reserve to print/mint new CASH money that in turn gets multiplied? Absolutely not - no way, no how. It doesn't work that way, and there are no loopholes to allow such a scenario.

It is all lies, and it's a ruse to get uneducated people's money - they took over $1,200 from me, left my credit in shambles without doing a thing to fix it, and I STILL ended up having to work with the creditors to ultimately payoff the bad debt.

FDRS changed "home office" locations more than 5 times in less than a year and a half. They are not their own company. They are owned by a known scamming company Ozark Monetary Funds that tries to convince people to use THEIR minted silver currency for use in business and daily transactions. It's a similar ploy to what the FDRS claims regarding the Federal Reserve and "money creation".

What really clued me in? A Google ad from FDRS for a "Telemarketer" - and I quote "warm leads only!". FDRS is a telemarketing SCAM agency people. The contract you signed states only that you are paying them for "infomation services" and denies all liability and responsibility for actions taken on your accounts.

FDRS wants you to think that you are somehow being "ethical" by not paying the banks for the credit cards. Don't be a fool! I do NOT work for a bank - I'm an IT Manager for a manufacturing company. Don't get scammed people!

Want more proof? Read the documents regarding consumer rights that FDRS provides links to! It clearly states that as the consumer, if you have another entity act in your behalf (i.e. the power-of-attorney that you sign over to an FDRS agent) they MUST (I emphasize, MUST) provide YOU with copies of ANY AND ALL corespondance with your creditors. Now call up FDRS and ask them to fax or e-mail you a copy of the letters that they have sent to your creditors. They will adamently refuse, claiming that those letters are a "proprietary secret." THAT is ILLEGAL!!! and according to the VERY DOCUMENTS that they put in your hands! They don't expect you to catch that because of all the legal terminology. But don't miss it!

Further more, note that the Power Of Attorney that you signed over is granted to a specific PERSON and NOT to FDRS. In fact, it doesn't mention the FDRS on it. Why? So that if you sue them, they can deny it and make their poor little untrained telemarketing lacky (who's name is actually on that document) take the blame. That person is NOT an attorney, and they will even tell you that if you ask them.

I know many of you WANT to believe this load of crap they have fed you. But suck up your pride and be willing to admit that you messed up and got suckered. That was a pretty hard thing for me and my wife to accept. I had to do a LOT of research to put all the pieces together.

Do a search on "Debt Termination scam", "Debt Cancellation scam" and learn more for yourselves! Don't give these creeps another DIME!!!

awesome jeremy,you should register here.
you have a lot of good insight. :D 8)

The idea that the government should be the only ones to issue money is a good one. Guess what. They ARE the only ones who can issue money - but they do it through the Federal Reserve. The Federal Reserve is the Government's bank, and the only one allowed to issue currency on behalf of the government. They can't just issue money on their own; they have strict guidelines and oversight that ensures that this does not happen. And banks CANNOT issue a promissory note and "create money" that way. That is an absolutely uneducated understanding of how the banking system works. Banks are allowed to only LOAN out a % of their on-hand (or reserve) CASH (currently around 90%). But those loans ARE backed by ACTUAL cash on hand - either IN the bank's vault or held at the Federal Reserve (the bank's bank). The banks have to report their total outstanding receivables along with their cash on hand every day. If they don't meet the minimum reserve, they have to borrow a short-term loan (usually 24 hours) from the FR and pay it back with interest.

The only time the multiplying factor comes in is when the government oversight committee of the Federal Reserve TELLS the Federal Reserve to mint/print more actual CASH money. At that point, the FR can LOAN 90% of that cash to banks and keep the other 10% on-hand. Now with that cash ON-HAND at the banks, they now have a much larger reserve. As this money gets loaned out and transfers from bank to bank, it has the effect of multiplying the spending power of that original printed/minted cash money. But without NEW CASH, the multiplier effect doesn't happen because existing money is just being transfered around. It's hard to get your head around the difference and visualize how this works, but there are some good resources that explain this very clearly. This is a legitimate way to stimulate the economy.

The word "RESERVE" is key: it means that a certain amount of actual, physical CASH must be reserved ON-HAND to make sure that it's available when consumers want/need it for withdrawals and transactions. It is NOT a safety net, it is a controlling regulation to make sure banks don't loan out too much cash to where they can't accomodate consumer demands and transactions.

The problem with the US government (usually) is this: They want to SPEND more than they COLLECT in TAXES. When this happens, the government has to BORROW money - they are running a budget deficit. But they DON'T borrow it from the Federal Reserve directly. The Federal Reserve issues Government BONDS that are purchased for cash by consumers (like you and me), corporations, and foreign agencies and governments. These are INVESTORS. When you buy a Savings Bond, you expect a return, right??? That's the interest that the US government owes YOU for lending them your money. Thus, the ever increasing National Debt. The problem is NOT with the FR. The problem is that our government spends $200 on a toilet seat and has to borrow money from every Tom, Dick, and Harry on Earth to do it because they can't operate a balanced budget.

Yes, the creation of money by the FR creates inflation. But the primary cause of inflation is the value of the dollar in the world market. As the value of the dollar goes down (based on people's trust in the US market, NOT boullion), inflation occurs. But it is a chain. If the government is operating a budget deficit, they want more people to invest in bonds. So they issue bonds. But they want Americans to invest in bonds AND make more money to earn more tax revenue. So they might have the Fed inject some cash into the economy. This causes some inflation. But also, the more the US government is seen borrowing, the less trust people in the world have that the US will be able to pay it's debts. So the value of the dollar goes down even more. Now the value of the dollar is less and the government needs to spend $210 per toilet seat instead of $200. So now they need to borrow even MORE money.... viscious cycle.

Jeremy,

How long were you in the program??

Jeremy,

How long were you in the program??

He couldn't of been in the program long if he only lost $1200. I paid that in 2 months.

Who knows- I asked the legal dept. to call me to answer my questions and they did, then I asked if I could contact them via phone because I felt much more comfortable and they said no problem and gave me the number. If you have any problem contacting them, just tell client care and they will take care of it for you, the first time they sent the legal dept a message to have them call me and they called first thing the next day.

-- About sounding to positive, I have to, I'm trying to be as positive about this experience as I can, Im hoping and praying it all works out like they say.

-- You have been in the program for 15months? Have you had to go to court? What all has happened? Do you have any advice for me? I still have a ways to go. Please give me all the details so I am prepared. Thanks and good luck.

Mike, I'm not saying they don't recognize your voice. I think they know because of your phone number, caller ID. Try calling them from a different # that they don't have and see if thy recognize your voice. I called them and asked to talk to a rep to see if he had the same answers as the first guy. They were similar but he never called me back but the first guy did about an hour later saying if I had questions I could call him.

I also made an analogy that I get work done in the house then pay for their service. He said you cant compare that with legal stuff, you have to pay first. He called back a few days later and made an analogy of driving and how I don't do research about driving and how dangerous it is. I just go out there and drive. SO how can they tell me not to compare service with legal but they can compare it to driving?

They also told me not to believe everything I read on the internet. So should I believe their "million dollar" website? Even with misspellings on them? As much as I would like to get out of debt and cheaper I am also skeptical. Red flags pop up when they are so persistent in calling and not willing to give up credible information. They also tell me to hurry up and send in my contract so they can get me my "welcome package",they make it sound like its a 50inch plasma TV....... I also could not find a business license registered to them in California where they are located.

Mike, I hope this works out for you. If it does I will be kicking myself for not going with this route.

WHo Knows,

Your 15 months into the Program you should be about done with them according to their statements. Have you been sued? If so did it go well have they filed the Federal Suit yet? I am curious also because I am in the Program since Feb. And I have to say my Representative has been professional and polite, yes At first I was concerned because of the Information I was giving and sometimes when I call around 10AM for their business meeting they would horse around in the back.

Again though these people are not the attorneys and are there for support and simple questions etc, The attorneys are the key and I am not far enough yet to know what they are like.

When did they first contact you by email?

The reason I went with them was the fact they know whats going on, and the reference was from a trusted Site that checks their supported links. So really my faith is in the Patriot site I trust.

Let me know on some details as your the only person I know that is that FAR in the program.

I have no idea on some of the comments here about RUDE, etc on their staff, All I can say is that has NOT been my experience with my rep, he is professional and we are on the same page when it comes to patriot stuff.

and NO I do not work for them, otherwise I would have my answers already. I do understand be cautious but I am also wonder if SOME here may be Paid to Slander them or work for the very Banks or collectors themselves, the coin flips both ways.

Firefly - No one has sued me but I've had to deal with court stuff. I think I posted some of my experiences on this site. I don't post anywhere else. I will tell you that this is a LONG ride. You need to prepare yourself that while FDRS staff is friendly and responsive during your first few months -this will not always be the case. When you want answers, they won't necessarily have them and they won't make much effort to get them to you either. The people in Client "care" are nice and friendly but they don't really care much about your stress. There is also a high turnover of staff. Their lack of communication with you makes it very difficult to finish the program. I think this is the reason so many people quit. I survived by putting it on auto pilot for many months. On a more positive note - the legal department people are competent and responsive to your needs. They will help but not until you get a summons - for me - in my seventh or eigth month. A summons doesn't mean you'll go to court and if you do - not that big of a deal - REALLY. Also - FDRS is not a scam. I have lots of reasons why I believe that. But then again - I won't REALLY know for a few more months. I will post it. Hang in there but consider quitting now before you waste your $ if you won't stand for poor communication and client "care"

Well once the die is cast one should go all the way. Worst that can happen is a Lein or Garnished wages which would happen anyway down the road when one losses their job because of the recession or coming depression. This way its out of the way before the Debtors prison idea catches on. There was a law already signed this year that is "heading" in that direction. Not mention if the banks become federal owned and no longer private which some in congress want. sheesh, Who wants to cut wood for potlatch corp, because of unsecured alleged Debt. lol

Please keep us posted and my large 28K account has been transfered to the Tritium Card Services collection agency. So I got my first official Notice which means they must have got my Letter on Proof of the Debt and where the money came from, because its only been 2-3 months which is a little soon by most peoples reports that DONT send the letters like FDRS does.

How long before the Legal dept contacted you or did you have to contact them when you got your summons?

FireFly,

As soon as you get a summons - fax it to FDRS - keep good files (by creditor - in chronological order - you will need it later). I would also call FDRS as well as tell them about it - nothing wrong with being proactive - like my good friend Piz. The legal department contacts you right away - e-mail.Just do what they tell you and don't delay. I have learned this lesson well.
happy tax day.

So the Legal dept, only steps in when a Summons us given? I keep all files I have and what they are to. I always call also to make sure they got it. I find my Rep is the best way as he double checks for me.

Any problem have you had that I could avoid? lol

As soon as you get a summons FDRS contacts the legal team and they take over that portion of your account. They are great though- honestly nothing to worry about ( at least so far) I have had to file several different papers to the local court system, but will not have to actulaly appear in court. The legal team told me that very rarely happens. So far so good on my side. Good luck.-

As soon as you get a summons FDRS contacts the legal team and they take over that portion of your account. They are great though- honestly nothing to worry about ( at least so far) I have had to file several different papers to the local court system, but will not have to actulaly appear in court. The legal team told me that very rarely happens. So far so good on my side. Good luck.-

Thanks for the Info, that is what I figured as the Program is laywer based. The rest of the stuff is for records and keeping the client busy so they dont explode with stress. lol

All of this is helpful since I will have to go through it myself. I did notice most of the complaints were people that either didnt like the political view of the program or only did the program 2 months.

As for the BBB I dont hold ANY WEIGHT WITH THEM anymore. I have reported many Fraud cases of Major company corps. And they said they got thousands of complaints but there is nothing they can do. Basically talking about Cell phone Companies HUGE ones charging 9 hours of calls right when the client cancels service!

So the BBB is bought and paid for, and if the Banks are doing what we ALL KNOW they are doing, you notice chase, BofA etc all have GREAT BBB records and yet I know of many that Complained over questionable behavior on their part and no additions.

Sounds like a Rigged show with the Banks controlling everything, Heck they Make the money, its like playing monopoly and you can just keep printing money, there is NO WAY you will lose the game.

You people that are pumping up this company, no doubt are on the payroll. If they were truely honest and up front, they would reimburse those who have "Donated" their hard earned money! "FRAUD" & "SCAM" are the best way to describe these leaches!!!

I am not on the payroll and I still think there is great information here...I agree that almost everyone who says it's a scam has only been in the program for a couple of months and then freaked out...It's easy to freak, but it takes more courage to see it through! It could turn out to be a scam, but I would be no worse off then any other choices I had in front of me. Besides, nothing good for you is ever easy!

Once again if you have anything positive to say you must work for the company. What a joke, If that was a case we probably wouldn't be asking each other questions, but its ok you can think what ever you want. We have had the courage to stick with our decision and trust the program. Hopefully it pays off for us, if it doesn't well be on here saying SCAM SCAM RUN FOR YOUR LIFE, IF YOU LIKE THE COMPANY YOU MUST WORK FOR THEM, Just as you are saying. But until then I will be sticking out the next 6 months and will let you know what happens then. Until then Im trusting the system and praying at the same time that it all works out. Every single person that is claiming that were being scammed was only in the program for a couple months....... This doesn't scare me or bother me at all, but if you can find someone that completed the program that is claiming this company is a scam, please let me know. Good luck everyone that is sticking through with this program, hopefully we can help each other along the way.

Mike .............GOOD JOB!

The FDRS Web site is chock full of references to Ron Paul and links to his Web site, as well (and plenty of links to other moonbat "international globalist conspiracy" Web sites, too). The FDRS telephone respresentatives also make a lot of references to Ron Paul--and quite proudly, too, I should add.

That's really all I needed to see to convince me that FDRS isn't on the level, but as an additional precaution, I looked up FDRS' ratings with the Better Business Bureau, and not surprisingly, FDRS received the absolute lowest rating the BBB gives.

Stay away from FDRS. They're nothing but a bunch of swindling moonbats. For the money these people would bilk you out of, you'd be better off hiring a reputable attorney and filing for Chapter Seven bankruptcy!

Well put, JFM63....

They've taken $650 in the past two months, without my authorization, and now when I call them nobody answers!! I'm very upset because I was so terribly deceived by their seemingly legitimate claim. I can't believe I was this stupid and now I don't know what to do...

Has this happened to anybody else? Has anyone else tried calling?

FDRS cannot take money from you without your authorization. How exactly did they do that?????

call the 1-800 number and ask for client care..... Its that easy, someone will answer if for some reason they don't leve a message with your name and number- tell them its important and they will call you back. Dont know what else to tell you, other than they can't take your money unless you signed up for auto withdrawl with your bank account. Good luck!

Friday I found FDRS's Website...at 3:00 Monday I got a call from them...at 3:30 I found this website and read the whole thing for 2 hours. I've determined that Piz is definitely on the payroll, along with a few others. But just a few thoughts and observations of my own on the subject...

Here's an interesting fact that I ran into on the phone with a rep named Kevin Fradiue. He says "we've had 1000 clients in the passed 6 years that we've been in business and have had 100% success rate" thats a warm fuzzy huh?

1000 people...nice round number, definitely not a statistic. 100% success rate??? haven't read about 1 single person that was successful. furthermore...I asked him if there has been any legal actions taken against FDRS or what the major customer complaints have been if any. and check out this response...

he said something to the effect...many people have not been proactive in the program or have gotten scared. Those who have been unsuccessful haven't put the effort into it that they should have.

ok, makes sense, you only get out of it what you put into it...but ummm...what happened to the nice statistic...100% success rate?? so I asked him...he stuttered around and said something about we don't recognize those individuals as clients or something. Um, you took their money, they were clients, they weren't successful, that doesn't add up to 100% to me. It's like 60% of the time it works every time. BULLLSHITTTT!

A lot of paranoid conspiracy theorists, their website it chalked full of that nonsense. mispellings everywhere, unprofessional reps, F rating on the BBB. come on people, please don't get suckered like I almost did. It's a very attractive thing to think that you can just get rid of your cc debt, but you can't. be a moral upstanding person, even if the banks are defrauding you, rise above it and be better than that. you spent the money on clothes and vacations and fancy dinners out with drinks and the works to impress your girlfriend, you made mistakes, take pride in the fact that you're getting out of it ethically and be happy you learned from it.

Read Jeremy Henry's Post on 4/4 very well put and very insightful.

I dont know about the others here, but I KNOW I dont work for them. And to be honest not everyone is convienced their isnt a conspiracy by very powerful people wanting the whole pie.

All I know is I dont work for them and I dont even know if the program will work, so if that helps someone I hope it does.

I think that the post above that says they have very anti-American views has little education on the secret societies out there, like, Skull and Bones and The Masons, and others, they are all Globalist and there is an agenda. Figure it out dude, why do you think Obama and Hillary are so into Global Warming and signing the Kyoto It is all about big government and legislation to control the lives of Americans. However, I am on this post to find out more about FDRS. They talk a good game and I am hoping to find relief for my daughters credit card debt. I will keep searching tp

They have tons off negative reports with the BBB and rip off report. Stay away from them

BBB doesnt hold much for me anymore, otherwise Verizon and others like sprint not to mention some of the banks would have a BAD Rating and yet they dont. Plus I noticed they mentioned that forgiven debt is taxable, why even mention that unless the program does work with some people?

What ever "guest".What about the complaints with ripoffreport.com. Just google their name and tons of negative stuff comes up. Its obvious you work for them and thats why you aren`t regestered here. I have worked in the debt reduction industry for years and the only legit programs that actually work are debt settlement and credit counseling. Thats it. Get over yourself and stop trying to pitch a rip off company.

Thats great

This company has taken me for over 2 thousand dollars! Unless, you want to be sucked into to their lies....loose their name..website...etc....This you can Trust, "SCAM"

I have actually been through the program and I can say that it works. I was originally with one debt assistant, and about half way through the program, was transferred to another one. They were always there to answer any questions I had (and believe me, I had a lot). If my assistant wasn't available, I could call one of the managers as well, and they were always happy to help me with any of my concerns. The only way I could see that this program wouldn't work for someone is if they got nervous and dropped out of it. My credit actually did get worse during the program, and there was a period in the middle when I was getting phone calls from my creditors. But when the program was finished, my debt was completely off of my record just like they said it would be. I don't particularly agree with some of their conspiracy ideas on their website, but the bottom line is that there is no conspiracy to take your money. They do their job and that's all I care about. I recommend going to their website at fdrs.org and calling the phone number there. Ask for Kevin B. at extension 144 and make an informed decision of your own.

Its obvious this "guest" is an employee with fdrs and most likely Kevin B. at extension 144. Do not listen to anybody just listed as a guest. This place is a scam and if you would take the time to do some research you will see I am correct.

MOBILE0311 you have a problem you accuse everyone of working for them. Personally you do MORE to convince me they are ok, than others in the program.

I get the feeling you work for some other credit company and if so I am sorry but wouldnt be considered NON-bias.

Do some of us a favor and quit posting that everyone who says anything about this program that is positive works for them. Its getting old....

Firefly101 is am sorry you feel that way. And your hypothesis about me working with another company is correct. I have worked in the Credit industry for years. That includes working for major credit card company's, debt settlement, as well as consumer credit counseling. These types of company's that offer debt invalidation are not legit. It is not even recognized as a legit form of debt reduction by the Federal Trade Commission. When I worked with the credit card company's when these places try to invalidate the debt all that did was trigger a law suite. There is a reason there is such negative info on this company. You can Google the name Federal debt relief System and finds tons of negative stuff. Or you can always look them up with the BBB. They have a horrible track record with them . But hey the BBB has only been around for like 96 years so its not like they don`t know what they are doing.Heck , go to ripoffreport.com you will find tons of stuff negative there. I just can`t say anything positive about this company. And yes I am a little bias towards programs that don`t work and even if debt invalidation did work " which it doesn`t " the bad track record with Federal Debt Relief System is why i don't like them. I would have the same opinion if it was a settlement or CCCS company with a bad track record with the BBB. I don`t want another person to get scammed from one of these companys that prey on desperate people and I will post my opinions to provide them with the knowledge to make an educated decision. If that person still chooses to do business with FDRS after reading all the facts I presented than thats on them but at least they had the information in front of them to make an informed decision.

There are several organizations claiming they can help you invalidate, "zero-out", eliminate, or erase your credit card and other unsecured debts because banks are not legally permitted to extend credit. Although it is true that banks are not permitted by law to extend credit, they are legally permitted to monetize credit card and other unsecured loan applications through the Federal Reserve.

Contrary to what conspiracy theorists and these organizations claim, it is extremely rare for a bank or other original creditor to invalidate, or "zero-out", a debt when an account holder questions its validity.

sorry,but with mobile here.i have blasted this scam outfit for awhile now.some guests come on here and yammer away.YOU GUESTS prove to me you don't work this big pile of hooey.i know someone personally that was taken by these lowlifes now,got a problem with that?

Amen brother

All of you are going on about the BBB report- have you drilled down and read the complaints and see that most of them were responded to and handled by FDRS?

Excellent idea Willyammer .

Ask and you shall recieve

2 Making a full refund, as the consumer requested
0 Making a partial refund
5 Agreeing to perform according to their contract
1 Refusing to make an adjustment
11 Refuse to adjust, relying on terms of agreement
14 Unanswered
0 Unassigned
33Total

14 complaints were not even answered!!! That is not what I would call " responded to and handled ". But hey thats not all. Lets see what else the BBB says about them.

Complainants allege unfulfilled contracts, misappropriation of funds, and misrepresentation of services. Customers complain they send monthly amounts to the company believing their bills were being paid, when in fact; no bills were paid on their behalf. Other complainants report they are advised not to deal with their creditors, but soon find themselves being sued for the amount of the debt. Most complainants request refunds.

The company responds to most complaints by disputing complaint allegations, and accusing the customer of failing to comply with the terms and conditions of their agreement. The company reminds clients that the contract makes no guarantees to the success of the program.

Hmm. I checked the local (SoCal) BBB and there were only the one's that I mentioned. Which BBB did you check? I'd like to look at them as well. Thanks!

I checked the BBB site again and I saw what you're talking about - a table. Why do they only show 5 complaints/responses and not show what these other 28 issues are about? You can't tell from a table what the actual issues were. Perhaps the 14 unanswered were nuisance complaints?

Another thing of import on the BBB site:
"We know of no government action taken against this company."
That says a lot, no?

Just because a company hasn`t had government action against them doesn`t mean they are not crooked. Credit Solutions of America is a perfect example. They are a settlement company that also has had no government action against its company and yet it has the worst reputation in the industry. They have tons of complaints like fdrs from clients that were ripped off. Just because they haven`t had gov action against them doesn`t mean that it won`t happen either. I check the Federal Trade Commission's web site daily and I see several articales a month where companys were sued and shut down. It takes time for the government to step in and take action some times. The services they offer is borderline legal but as I stated debt invalidation doesn`t work. They have well written contracts that protect their predatory company from being sued and from violating laws. Bottom line is they have a bad track record from reports the BBB, ripoffreport.com, people whom have chimed in here and tons of stuff you can find using any search engine. This is a pattern of complaints. If it looks like a dog, barks like a dog, and smells like a dog than its probably a dog.

Come on now. I just checked ripoffreport.com. There are a grand total of 3 complaints! 2 of the 3 are posted here!

Did you read them? Mark in Seattle, Washington is a guy who says that FDRS worked for him for 3 months. And then he wants his money refunded? Would you refund someone if you worked for them for 3 months?

Sweet treat, in anytown, Ohio, claims that they wouldn't put him in touch with their legal department. I think we all know by reading this forum and others that fdrs hires independent law firms in each state. What they need to do is train their sales people better or give them better information. He also claims that they wouldn't show him any registered letters sent out to his creditors, claiming that was proprietary information. If I had started a business and had a certain way of doing my business, I certainly wouldn't give my trade secrets out to others. Would you? Plus, I believe the same letter from him/her is posted here on this forum.

Complaint from Voice of the people, Cave creek, Arizona, is definitely posted on this forum. This person, like you, has NOT used FDRS. It sounds like he got a flamed out sales person. He might be, like you, an employee of a credit card company or debt collection agency.

What other info are you barking about? I'd like to check it out.

Its obvious that you and I will never see this eye to eye. You think that they are are honest company " despite the horrible track record " . I say that they are a scam. You have made your point and I have made mine. We will let the other memebers and visitors who visit this forum make their own opinions based on the facts I have presented as well as all the other horror stories poeple have posted here who have been burned . I have said what needs to be said .

Eye-to-eye? Perhaps not but I appreciate the education I have received here and on other BBs, education cloaked in eye-opening attacks on the company. These attacks made me research Federal debt relief System MUCH more than I ever would have.

The company, as far as I can tell, is maybe 2 years old. Any company is going to have growing pains. Unfortunately, the type of business that they are put those growing pains on public view as they have attacked a major problem facing families and individuals with a fervor. Hopefully that fervor has now been caught up to with internal support and an informed, mature work force.

Some of what I've learned in my research:
1: people who panic and don't follow instructions, drop out before giving the program the time (18 months) to work its way through the system. These drop outs then become shrill haters.
2: people who have not used the fdrs system are fast to denounce it.
3: fdrs uses a different way of attacking the personal debt problem. And an attack it is, using the law to fight back at the up-to-their-neck-in-lawyers credit card companies
4. fdrs has to provide better communication to its clients, especially as they are clients because they are in a bad point in their financial lives
5. fdrs suffered (past tense?) from poorly trained employees who panicked under questioning instead of getting an answer from someone who knew better.

Yes, you have posted the other "horror stories", but you did so without looking into the stories themselves. The ripoffreport.com, which I posted answers to above, is a fine example of you taking something at face value, which is unfair to the readers of this BB. Of the supposed 33 BBB complaints, only 5 (4 of which were answered) were of enough import for Better Business Bureau to explain at any depth.

And before you put too much weight in what the BBB has to say, use their system to research a credit card company, any credit card company. I just looked up a few and found only 1 complaint (unanswered) for Diners. One! And Bank of America Credit Card Services? None! What does that tell you?

If you want to let people "who visit this forum make their own opinions based on the facts", then give them facts indeed, not repetition of what others have said, most of which is unsubstantiated.

[quote=Willyammer]If you want to let people "who visit this forum make their own opinions based on the facts", then give them facts indeed, not repetition of what others have said, most of which is unsubstantiated[/quote]

Funny you should put it quite that way... Seems like you're the fellow with the unsubstantiated claims here. I also have to wonder why you're so passionate in defense of FDRS? I have my suspicions, but I think I'll sit on them for the nonce.