Legitimate Debt Relief

"I'd rather go to bed without supper than rise in debt." Ben Franklin

Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.

Legitimate Debt Relief and Negotiation for Consumers with Credit Card Debt
Call Today: (877) 274-1260

Start here to
avoid bankruptcy

Reduce your monthly payment by up to 50%
Be debt free in as little as 12-30 months
Lower your debts by up to 50%
Make one simple monthly payment
Avoid bankruptcy
Don’t risk your home or other personal property if you miss a payment
Don’t pay service fees unless we save you money
Reduce your stress and get a “New Deal”

Legitimate Debt Settlement for Credit Card Debt

As consumer debt levels continue to rise in the United States, more and more debt relief companies are falling under public scrutiny for their unethical business practices. While there is no arguing that a majority of these companies are not conducting business properly, consumers facing outstanding debt obligations need to know that there is a large proportion of legitimate debt relief companies available for professional representation. A major problem that consumers face when attempting to select the right company to handle their financial situation is figuring out which companies are in fact reputable and which companies are likely making empty promises. This article aims at informing consumers how to determine the legitimacy of a debt relief company without wasting time sifting through unreliable literature on the internet, financial magazines, and local newspapers.

1. Find the debt relief company on the Better Business Bureau. Consumers can find companies on their website (bbb.com or bbb.org) or give the bureau a call to research any particular company. The bureau can provide general information about a company as well as the number of complaints consumers have made that have been filed through them. This holds true for both companies who are members or not with the BBB. Consumers should shy away from debt relief companies who are not members of the Better Business Bureau.

2. If you are looking for a debt settlement company, find out if they are a member of the Trade Association of Settlement Companies (TASC). You can do this by checking out the association’s website (tascsite.org) and locating the company on the homepage. TASC sets standards for settlement companies in the industry, and to date there are very few companies who have qualified for their membership.

3. Have the debt relief company send you samples of the results they have reached with credit card companies. If it is a debt settlement company, make sure you take a look at sample settlement and negotiation letters that they have reached with your creditors. If the company sends you sample letters with creditors that you do not owe than that isn’t going to be very helpful information.

4. Be weary of debt relief companies who make flat out guarantees about the amount of money they can save you. If a debt settlement company is telling you that they can settle the debts, guaranteed, for 30-40% of the total balance that is completely unrealistic. The majority of creditors will rarely accept settlements for that low, particularly if you do not have a genuine hardship that put you in the situation you are in financially. Look for honest companies who are up front about the advantages and disadvantages of their debt relief program.

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