Can The Debt Termination Program by the
Federal Debt Relief System Help Me Get Out of Debt?

Can I Trust The Debt Termination Program by Federal Debt Relief System?
Like countless other Americans you somehow stumbled upon a debt termination program advertised by a company called the Federal Debt Relief System. You are here because you are attempting to find out if this debt termination program is legit or illegitimate. If you are savvy, then you want to know who’s behind the Federal Debt Relief System and do they deliver as they claim. How many people that signed up for their debt termination program actually had their debts wiped out? You also want if they have any complaints filed against them. We’re going to answer those questions and more…

Who’s Behind the (FDRS) Federal Debt Relief System Debt Termination Program?
Our information about the owner of (FDRS) comes for three reliable sources, the BBB, the State of California Recorder’s Office, in Los Angeles, California and the California Commissioner of Corporations. The owner is Mark Cella and here is the other pertinent information…

Federal Debt Relief System
6362 Hollywood Blvd. 4th Floor
Hollywood, CA 90028
Phone: (877) 943-8600
Fax: (877) 943-9700
http://www.FDRS.org

Contact: Mark Cella - Owner
Business Start Date: 5/20/2005
Company ID: 100054546

Nature of Business: This company's business is offering debt relief education membership.

Per the Recorder’s Office, Mark filed a fictitious business name statement, (DBA) Doing Business As, on May 29th, 2007 in Los Angeles, County. This is a standard filing but what’s missing is what makes the proposition of doing business with the Federal Debt Relief System real scary.

California law requires bill paying services, and pro-raters accepting money from clients to be disbursed to creditors on behalf of the debtor, to be licensed by the California Commissioner of Corporations. General Proraters, which is what the debt termination company, the Federal Debt Relief System is classified as, must maintain a minimum of $10,000 net worth and a surety bond of $25,000. In addition, because they have affiliates/agents, the requirements are considerably higher.

If you check with the California Dept. of Corporations by calling 866-275-2677 or 866 ASK CORP, you will find that there is no record of the company: Federal Debt Relief System as of October 2008. Talk about things that make you go, hmmmm! You can also check online at: http://www.corp.ca.gov.

How Does The Better Business Bureau Rate the Federal Debt Relief System?
The BBB gives this debt termination company an “F” rating. What is an “F” rating? Here is the definition, in their own words:

We strongly question the company’s reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law’s licensing or registration requirements, their complaints contain especially serious allegations, or the company’s industry is known for its fraudulent business practices.

To read actual consumer complaints against the debt termination company, the Federal Debt Relief System, you can go to http://www.bbb.org/online/, and click on the consumer link. Once you arrive at the search page, scroll down and look for this line:

Better Business Bureaus have reports about many more companies than are found here. If you cannot find information about a particular company here, please click here. Click on that link and then enter these three pieces of information:

1). The business name, “Federal Debt Relief System”

2). The state: California

3) The zip code: 90028

On that page, you can scroll down and click on the, “View Complaints” link. I have to warn you, if you have already disbursed money to this debt termination company, you will not be a happy camper!

Can The Debt Termination Company, the “Federal Debt Relief System” be Trusted?
You’ve examined the evidence; you’re the 13th juror, what is your assessment? They apparently are not properly licensed in the state of California. They have complaints lodged with the BBB and on Rip Off Report and a host of other consumer websites. Would you turn over up front fees to such a company?

William Phillips brings a degree in economics and an unwavering passion to help fellow Americans come from under the clutches of debt. He believes that with the right debt advice or debt counseling, anyone can recover from the stresses of being overwhelmed with credit card bills and other debts.

For more information on this topic or any other issue related to getting out of debt, living debt free, debt management, debt relief, the Fair Debt Collection Practices Act and stopping debt collectors in their tracks, please visit www.DebtErasure.com

Source: http://www.DebtErasure.com

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Can The Debt Termination Program by the Federal Debt Relief System Help Me Get Out of Debt?

Can The Debt Termination Program by the
Federal Debt Relief System Help Me Get Out of Debt?