In recent months, we’ve seen many 債務舒緩計劃 regulators and legal authorities in jurisdictions across the country signify official concern that an increasing number of companies which operate in the debt cures business today, are essentially debt relief scam operations that are out to cheat and dupe an overburdened debt-ridden population in a bad national economy. The most recent among those, is Attorney General Andrew Cuomo in New York, whose office had subpoenaed some 14 debt relief operations and one law firm in May 2009 from across the nation for investigations into their debt settlement operations.

Recent Major Debt Relief Scam Investigation by Online Review Organization

Quite coincidentally, that subject is, in fact, actually the subject matter of a recent full scale major independent investigation of the industry conducted by one reputable, independent online review organization that investigates online products and services or companies, especially in the debt cures business field, for their quality and authenticity. The results of that investigation is startling, showing that some 82.5% of the test sample group of website-based debt relief operations used (165 out of 200), were basically debt relief SCAMS. And that only 17.5 of them were of any legitimacy. There are some 12 companies nationally which the evaluations showed were of great quality, and one company that is of exceptional quality and rank exceptionally superior as the most trustworthy, and Number #1 debt relief company in America.

In its report of the findings of its investigations team just released in New York in mid May 2009, the Research division Director of the online research organization (see the link provided below at end of this article), stated that the review was prompted by the fact that,

“Consumers seem more and more today to be turning to debt relief operations for ways to pay off debts in response to the current American economic recession… most of those companies are competing to out do each other in their claims that they have the best debt relief programs. In constant advertisements on the Internet, radio and TV, they purport to provide excellence and the best services to customers on ways to pay off debts… Consequently, finding a truly good debt settlement company by a consumer under such circumstances, is not at all an easy task.”

The report adds, “With so many companies out there, they all soon start looking and sounding alike after a while, as are their TV, radio, and newspaper ads. So, how in the world can the average person tell what are good debt relief companies from the bad ones or the debt relief scams?”

The Major Findings of the Investigation

Basically, using the rigorous evaluation and ranking system devised by its review experts, called the “Key Debt Relief Evaluation Criteria” or KDREC, the review team scored and ranked 12 debt relief companies from across the country as ranking as the TOP DOZEN Online debt relief companies in the industry having the highest levels of professionalism, reliability and credibility in the critical criteria areas of evaluation for the industry — accreditation by the Bureau of Better Business and by recognized certification institution for the debt relief industry, professional reputation, charges and cost of service to consumer, results of company background checks on expertise, quality of personnel, personnel education and training, length of time in the industry, past record in the business and in delivery of the services, customer satisfaction, etc.

What are good debt relief companies? And are there many debt relief scam companies in the online settlement industry?

Well, some of the detailed findings made by the comprehensive investigation conducted by the expert team of researchers commissioned by the organization, were quite startling.

Among the major findings, are the following:

“SUMMARY:

==Over four-fifths (some 82.5%) of the test sample group of website-based debt relief operations used (165 out of 200), were basically what you’d call debt relief SCAMS or fraud operations — that is, they were merely worthless website operations that have no business at all on the Internet peddling any debt cures business to consumers, and at best bordering on fraud, with no value-added and absolutely the kind of sites that should be a complete no-no for any and all wise consumers to shop in.

==Just 17.50% of the 200 company websites reviewed in our test sample (35 of the 200) are legitimate debt relief operations that are seemingly responsible business operations and fairly reliable, although the detailed extent of the quality of their services was variable in degree from one company to another.

==Some 12 companies in the sample group emerged, using certain defined additional evaluation criteria (such as the service affordability for the average person, security of website, evidence of large amount of savings to clients or whether company has successfully reduced millions of dollars of consumer and small business debt, customer satisfaction response times, flexibility of the program based on what a customer may have available on a monthly basis, etc), to additionally assess them, as the best debt relief programs, the very TOP DOZEN online debt relief companies in the whole country,

==Across the entire country, there is one company, located in San Diego, California, that stands way out over and above the shoulders of any others in the nation’s industry as the Number #1 ranked debt relief company and program, the most reputable, competent and reliable one of its kind in the entire industry.

==From the research data from the field, when the option of debt settlement has been exercised for debtors through the hands of a debt settlement or debt consolidation company who is incompetent, or of staff that is inexperienced, consumers involved in those debts have often lost money, while some actually cause people to deteriorate further down to a worse financial condition and greater hardship which often force them to file bankruptcy, when, in fact, their purpose for going for the debt settlement option, in the first place, had been to avoid filing for bankruptcy. Thus, according to this report, this is the quintessential kind of customer who needs the most to avoid being a debt relief scam victim.

The Critical Finding and Lesson from this Review…

Reached in an interview, the research director of the organization stated that “Probably the single most significant, in deed, eye opening, piece of finding that emerged from this investigative work is this. That,… trying to settle your credit card debt through using a debt settlement or consolidation company could be a viable and fruitful option for you by which you may frequently be able to significantly reduce credit card debt, or even totally eliminate it. In fact, debt settlement is often a very good idea for individuals who are having difficulties with keeping up with outstanding overwhelming credit card debts that never do seem to go away, and who would prefer to make a negotiated arrangement with the creditor for easier and more manageable repayments, but do not wish to experience bankruptcy filing because they probably conceive it as something that would have a drastic negative impact on one’s future credit.”

He continued: “However, results of the HDRR research investigations confirmed one startling fact. That, in large measure, whether this positive effect that we should expect to come from employing a debt settlement company actually results, in reality, for a particular debtor in a particular case, completely depends! If, for example, you choose the wrong or fraudulent debt settlement company to handle your relief plan and action, you may, in stead, find yourself in worse shape than you were before. Making sure to sort out, right before hand, scammy debt relief companies, is not only the easiest and simplest way to avoid being a debt relief scam victim. But, even more important, the surest way for debtors to reap tremendous savings and easier and cheaper payments on outstanding debts by them. Hence, it is critically important that you choose the right company, the ones with the proven best debt relief programs. Like any other industry, there are good companies, and there are bad companies.”

The central point for the consumer, any consumer at all, to understand who is in need of making the vital decision about employing the services of one of the online debt settlement companies, is this. The most critical task and challenge for you, is being able to sort out and find the proper debt relief company that does, in deed, have the essential experience, the history and record, and the skilled debt settlement counselors and negotiators, as to make that company reputable, reliable and trustworthy. And, in order for you to be able to do so and fruitfully accomplish this, there is just one basic essential PRECONDITION you’ve got to meet — do a great deal of investigation and research on the companies which operate in the industry on the various criteria for evaluation mentioned above.

“Given the mandate of this investigative review and research,” says the online review organization’s research director, “the task for the serious consumer or debtor to follow, is really simple and uncomplicated. It says simply that if you want to secure terms for repaying your debts at levels which could be quite considerably lower and more favorable for you or even tremendous, at times, and you wish to do so using a debt settlement or consolidation company, and to do so while avoiding falling victim to a great number of debt relief relief companies which abound, you must FIRST and FOREMOST be certain that you proactively search for and pick a right and reliable one. In deed, most preferably, the very best debt relief agencies there is. And to accomplish this, all you have to do – you must do – is do the proper and thorough research.”

He concluded: “We’ve tried in this HDRR review endeavor to make the resulting work product as thorough a study as possible. And comprehensive too, so that it would apply to and be usable in virtually any location in the entire United States. And, I believe we largely succeeded in that basic objective. Now, it would be up to consumers themselves hopefully to help themselves. They need not be victims of debt relief scamming. Rather, armed with the right knowledge, they can be – and should be – the victors in getting better debt settlement deals and terms, and better overall debt cures.”

Benjamin Anosike, Ph.D., has been dubbed by experts and reviewers of his many books, manuals and body of work, which dwell largely on self-help law issues, as “the man who almost literally wrote the book on the use of self-help law methods” by America’s consumers in doing their own routine legal chores – in uncontested divorce, will-making, simple probate, settlement of a dead person’s estate, simple no-asset bankruptcy, etc.

A pioneer and intellectual and moral leader of the 1970s-based “you do your own law” movement and a lifelong vehement advocate and veteran of historical battles for the right of the American consumers to perform their own tasks in the area of routine legal matters, Anosike was one of the pioneers who fought and survived (along with many others of courage) the lawyers’ and organized bar’s stiff war of the 1970s and ’80s against American consumers and entrepreneurs who merely sought, then, to use, write, distribute or sell law-related self-help books and kits for non-lawyers to do their own law, upon the lawyers’ claim then of such being purportedly “unauthorized practice of law” or “practicing law without a license.” Anosike holds graduate degrees in labor economics and management and a Ph.D. in jurisprudence.

In recent times, the messages coming out of the constant advertising bombardment by businesses, professionals and institutions engaged in the business of debt collections, would probably lead the ordinary consumer to think that a debtor seeking some debt relief, is limited basically to only two or three options – namely, some kind of debt settlement with your creditors, a debt consolidation arrangement, or declaring bankruptcy. Concerning using the bankruptcy option, providers of debt relief and debt settlement and loan consolidation services, as well as banks and credit companies, constantly warn consumers on radio, TV and Internet advertisements, not to file bankruptcy, often generally portraying it as a negative step, thus largely discouraging many Americans who are anxiously looking for a practical way out of debt, perhaps even a cost free way of doing so, from filing for bankruptcy and causing them to see it in negative terms. At the same time, though, these consumers are offered the other traditional programs of debt relief not only as the better alternative to bankruptcy, but as the ONLY programs that are available for debt relief by consumers. In point of fact, however, there are other options. Most particularly, there is one unique, little-used debt relief program that is actually better than those commonly promoted. This article explores those other options.

BANKRUPTCY, DEBT CONSOLIDATION AND SETTLEMENT, ARE NOT THE ONLY SOURCES FOR RELIEF THAT ARE AVAILABLE TO A DEBTOR

In point of fact, however, there are other options that are hardly ever mentioned by debt relief businesses, but which are by far better options for consumers. In deed, one recent major extensive online investigation undertaken by an independent, New-York-based online review organization (see the link provided at the end of this article), reveals that there is actually one major option that is perhaps the best debt relief program for getting out of debt by consumers which they can use; an option that is left completely unmentioned and out of any recognition whatsoever in any discussions of that subject, namely, a method we shall call the Unique Debt Elimination or Reduction Technique. This debt relief method is a technique by which a debtor could get out of debt free without fee, and without filing bankruptcy, without settlement, and without consolidation.

The technique, the subject of a recent full-scale and thorough formal investigation and review duly undertaken by a debt relief review organization, earned the review organization’s highest rating as the absolute best of its kind in the field of debt relief tools – a 10!

According to the reviewers’ extensive evaluation, the technique, when applied by users, is found to be widely effective with many a consumer who uses the program for debt reduction and negotiations, only providing, though, that the users actually stick with the program and follow the laid down prescriptions of the program, from the beginning to its end. It found that it works with most debtors, but most particularly in negotiating credit card debts, and, just as importantly, IF you do stick with the complete program that’s laid down for you and don’t just look for quickie fixes. Three out of the four persons in the review team who had personally applied the program’s recommendations in managing their debt, reported astronomical positive reduction in their credit card debt with their credit card companies, and one of them experienced that same thing with their auto loan lender, as well. (The 4th one reported he had actually failed to follow through in many of the important procedures set forth for the program).

From interviews with, and reviews of testimonials of, several randomly selected persons who had bought and used this program, the organization’s reviewers noted overwhelming positive feedback from such persons, and general customer satisfaction. They report that the program actually yields positive results on a regular basis with creditors in negotiating more favorable repayment terms and substantially reducing or even totally eliminating debts. On the website of the program creator, several testimonials displayed there are confirmed to be credible and authentic. Several include photos, full names and location information, clearly lending additional credence to those testimonials. Savings in forgiven or reduced debts reported by users from using the system, range from nearly $22,000 to $50,000.In deed, of the thousands of persons who have previously used this program, the reviewers are yet to find even one prior user to date who has something negative to say about the debt cure program! Nor, to contend that the program does not actually work!

TECHNIQUE EARNS WIDE PRAISE AND HIGH MARKS AMONG THE ELITE OF AMERICAN’S FINANCIAL MAINSTREAM MEDIA, THOUGH IT’S IGNORED BY THE DEBT RELIEF INDUSTRY

Aside from the fact that this unique debt reduction and debt elimination technique has been thoroughly examined and shown by reputable, independent evaluators to be a highly effective method, and that many credible debtors, as well, who’ve used it, have so attested universally, many trusted national financial media review organs, as well, have universally praised and been impressed by the technique as highly effective. In deed, included in this group, have included an impressive array of the elite of the American financial media who’ve reviewed them, ranging from the Wall Street Journal, the UsaToday, and the Kiplinger, to the Money magazine, the Bottom Line, and the Dollars & Sense, among many others. It is a system of becoming debt free without fee, debt relief without bankruptcy, without debt settlement or consolidation.

“Finally help has arrived for the person looking to get themselves out of debt,” wrote The Wall Street Journal, probably America’s Number #1 elite and most trusted financial publication, of this tool. “Timely information that is easy to understand, and more importantly, easy to put into practice.”

“A must have information for anyone who wants to get rid of their debt once and for all,” said the Readers Digest of it.

The Bottom Line magazine, picked the how to get rid of debt embodied in this guide as the “recommended” top of the list of the 12 best books it reviewed on the subject, adding that, “After reading and putting to the test over 12 of the top books on the subject of getting out of debt, our recommendation is the Ultimate Guide.”

Investigators from the New-York-based online review organization, concluded that, “deriving directly from the massive amount of objective facts and evidence we saw and reviewed in the field, the Unique Debt Reduction and Elimination Program of debt relief, is the proven, credible, unique, NUMBER #1 debt cure program of its kind,” adding that “this product and technique are a legitimate, reliable debt relief option that YOU can trust and rely on as an online buyer or shopper [and] THAT, USING THIS UNIQUE TECHNIQUE OF DEBT RELIEF, YOU’D BE ABLE TO:Get out of your debt, quite alright, if you just follow the prescribed rules and procedures outlined in it, through. But you’ll be able to accomplish that WITHOUT bankruptcy (or the possible, long-term negative effects of bankruptcy), and WITHOUT signing up for any long term debt repayment plan like debt settlement or debt consolidation, and WITHOUT paying any fees to a bankruptcy lawyer or to any operators of debt settlement or debt consolidation company, as well as WITHOUT having to pay much to your creditors on the debt you owe.” Thus, it’s a program of getting debt free without fee!

WHY IS THIS NEWER, NON-TRADITIONAL TOOL FOR DEBT RELIEF NEVER MENTIONED?

In short, what we have here is a method of debt elimination and debt solution that most debtors can just as effectively use today to get rid of debt. And, above all, aside from the effectiveness of this tool, it is the tool that is best for the debtor and personally most beneficial to him: it involves no bankruptcy or the exorbitant legal costs which it carries, no debt settlement and no debt consolidation, or the considerable costs associated with them. And, for the debtor using this method of getting out of debt, it is system of getting debt relief free with virtually ZERO direct out-of-pocket extra expense that they’ll have to pay to use this tool, and no payment whatsoever that they’d have to make to their creditors using this method.

The curious question is, why then?

Why? Here is this 7th option or the unique technique of debt relief, which by all accounts is as effective as, and apparently superior to, almost all the other existing techniques for getting out of debt in the debt relief marketplace today, never mentioned or heard of? A method that is far less expensive for the debtor to use, but which bestows all these special financial and other benefits to the debtor using to try getting out of debt, including being debt free without bankruptcy, without debt settlement or consolidation or the associated costs, and without having to enter into agreements for long-term payments to creditors, etc. And, here is an option or method that is almost universally endorsed and confirmed by various independent and trusted reviewers as being effective and workable in getting one out of debt.

The acclaimed author and creator of this novel 7th option method of debt relief has a ready answer for that. “Because every lawyer, debt consolidation company, debt counselor and financial consultant has a vested interest in what action you [the consumer] ultimately decide to take,” he states. “They only make money if they can convince you to “hire” them! To make matters worse, they will pretty much say… do… or promise anything to make you one of their clients. Even if it means outright lying to your face!”

He argues that the people in the debt relief industry can’t afford to have, for example, a system that entails debt relief without bankruptcy, or a system for a debtor to get out of debt free, simply because that will mean that they don’t get paid. He adds: “It’s really a no-win situation for the little guy — and for you to succeed — you MUST realize that the deck is stacked in THEIR favor, NOT YOURS, because YOU are the one with the debt problem… NOT THEM!”