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FDRS - Federal Debt Relief SCAM

Tuesday, January 29, 2008

You got scammed by Federal Debt Relief - FDRS?  Get your money back!

I just got another email from an FDRS client bitterly complaining about being scammed out of about $2,500.

You want your money back?

I’ll try and it’ll cost you nothing upfront, but you pay me 30% of your refund.  Or you can pay me for a few hours and keep everything you get.  Lots of readers got full refunds from Lexington after reading at Fight Back:

Lexington and Bradley Ross credit repair scam

Notably, Lexington now provides all disputes as they are REQUIRED to provide a copy of the file to their clients because they are attorneys.  Of course the same goes for FDRS.

I’ll start with ONE FDRS client and we’ll see how it goes.

You need to provide me with a power of attorney, the FDRS contract and your credit reports and then I’ll contact FDRS to find out what’s going on.  Personally, I really find their claims of wiping out the debts and deletion from the credit reports to be way out there.

But it could also be that the FDRS clients who complain just don’t understand what they’re supposed to be doing and that they’re not able to talk to anyone at FDRS because they’re calling the wrong number.  Well, that’s unlikely, but you never know.

If you’re interested, please contact me.

My previous FDRS posts.

UPDATE:

I just tried to post at the FDRS forum:

I’ve been posting at my blog about FDRS and I since received complaints from readers claiming that they were scammed.

See http://creditsuit.org/credit.php/blog/C158/

Please provide me with the FDRS CONTRACT as well as CASES that have been litigated to establish that credit card debts are in fact not legit and therefore don’t have to be paid.

Also, it is very suspicious that I don’t even see your address at http://fdrs.org/contact_us.html.  Where are you?

No address at the TERMS at http://fdrs.org/terms_of_use.html either.  Instead, I see more reason for concern:

“… FDRS does not represent or guarantee that any content on the Web site is accurate, nor that such content is a complete statement or summary of the marketplace, or banking system. ...”

Sounds like you know that you’re lying and deceiving your readers.

I’d sure like to believe that you are legit and then earn COMMISSIONS by referring my readers to FDRS.

But after having received the complaints, I’m obviously concerned and I decided to research the legitimacy of FDRS.  If FDRS is in fact legit and not a scam, I’m sure you won’t mind providing the documentation.

Thank you,

Christine Baker

After I posted, I got the notice that posts are subject to approval:

Thank you for posting! Your post will not be visible until a moderator has approved it for posting. You will now be taken back to the forum. If you opted to post a poll, you will now be allowed to do so.

Soooo, that’s why there are no complaints at their forum.  First mystery solved.

I doubt that I’ll hear from them, but they can’t say I didn’t try to contact them directly.

Wednesday, January 23, 2008

Update: Federal Debt Relief System call - reviews - free credit analysis

I got a call from Veronica at 877-943-8600 in response to my form application at their website at http://fdrs.org/

Was on the phone for 20 minutes and I got a pretty good sales pitch explaining how you don’t really owe the banks and how their lawyers eliminate the debts AND remove the accounts from your credit - all within 18 months.  That’s explained at their website. 

Also got some new info:

1) They won’t touch business debts.

Not even business credit cards, secured by nothing but the person’s signature.

2) The cost: just under 30% of the eliminated debt.

For $60,000:  the first 2 payments are $1,825 for February and March, then $925 a month for the next 16 months for a total of $18,450.

3) How do they get the creditors to remove the accounts from the credit?

According to Veronica, they take advantage of consumer protection laws and their attorneys will sue any creditor who reports. 

4) What do I need to do?

Mostly send the payments to them and all statements, and then there are frequent communications with the attorney. 

One little problem:

When I asked her for specific suits, she admitted that none of her clients ever had to be sued.  Other employees told her that the attorneys successfully sued.

A bigger problem:

Just recently I posted about FDRS at The Federal Debt Relief System - FDRS? and I got only one response, from a person who was very unhappy with the service.

I wasn’t born yesterday and while you might find it hard to believe, I’ve been lied to before.

Veronica was at boiler room and not only could I hear other people talking, but at times I heard people screaming (clowning around) and it didn’t sound very professional.

So, I’ll greatly appreciate some feedback from people who actually signed up for the program.  Supposedly they’ve been in business for 9 years and have 100% client satisfaction.

And if anyone wants to try this, I’ll give you a free credit analysis every few months in exchange for getting all their documentation, would like to see how it works.

But don’t blame me if it doesn’t work, I have serious doubts.

Sunday, January 13, 2008

The Federal Debt Relief System - FDRS?

http://www.fdrs.org/debt_termination.html

With debt termination/debt reconciliation, you’re out of credit card debt and unsecured loans quickly and easily, once and for all! Here, you will learn the the violations that occur in the issuance of credit cards and loans, plus a touch of the legalalities employed in terminating your debts. After qualifying and receiving a telelephone presentation, you’ll concur that this is the safest, fastest, most legal, lawful, honest and ethical way of getting out of debt there ever was.

I didn’t even notice until I ran the spell checker, “legalalities” and “telelephone” —hmmm, I hope their legal letters look better.

About Extortion:

Throughout the process of receiving monthly payment demands, you may have been threatened with late fees, increased interest rates, derogatory information being applied to your credit reports, telephone harassment and the threat of being “wrongfully” sued.

Extortion is a criminal offense which occurs when a person obtains money, behavior, or other goods and/or services from another by wrongfully threatening or inflicting harm to this person, their reputation, or property. Refraining from doing harm to someone in exchange for cooperation or compensation is extortion, sometimes euphemistically referred to as “protection”. This is a common practice of organized crime groups.

Blackmail is one kind of extortion - specifically, extortion by threatening to impugn another’s reputation (in this case) by publishing derogatory information about them, true or false, on credit reports. Even if it is not criminal to disseminate the information, demanding money or other consideration under threat of injury constitutes blackmail.

That’s of course the PERFECT description of the Focus conduct.

I have NO clue what FDRS is doing.  I think I’ve also been getting their snail mail junk mail, but just heard their radio commercial and thought I’d have a look.

It all sounds very ridiculous.  But, since a lot of people don’t believe me either because my experiences are so bizarre, I thought I’d check them out.

The site has Ron Paul links and a lot of the “conspiracy” stuff, it looks a little different than other debt negotiation sites and supposedly they have lawyers in every state, etc. 

Please post or contact me if you have used the Federal Debt Relief System or otherwise have KNOWLEDGE about what they actually do.