A new report issued by Franklin Debt Relief CEO, Robert Zangrilli, to the FTC, titled “Common Sense,” shows conclusively that based on statistics from both the debt settlement and credit counseling industries that debt settlement produces more consumer welfare than credit counseling, and in fact, consumers who use credit counseling programs that eventually file bankruptcy lose more money in non-refundable payments to creditors than consumers who complete their plans save from interest rate reductions.
