|Received:||9/28/2009 8:03:24 PM|
|Agency:||Federal Trade Commission|
|Rule:||16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments|
Comments:I had a great amount of debt from my marriage and from devorce process, and I was struggling to pay my loans after I was laid off from my work. I could not meet with my minimum payments with my new 2 part time works, and I was to the point where I had to considered bankruptcy as an option. However, that is when I found out about the company called "Debt Regrets". I was very suspecious about the whole settlement thing at first. I've heard some nagative things from my friends & news and all. However, that was my last choice. So I did some reaseach and I have decided to ask this company to do the settlement for me. I was very please once I spoke with their customer service, and I was even more please when they actually started to do the settlement for me. I was able to settle, pay, and close the accounts with my creditors in short time, which I could never do that on my own. Debt Regrets customer service representatives and company consultants had constanly remided me to save the money every months; this really supported me and helped me to focus paying off my debt, as it is the priority over anything. I am quite sure that there are many people who is suffering from debts, and with such bad economy, there must be many people who are considering a bankruptcy. I hope these people should have an alternative solution, such as to have settlement company to help them reduce their debts, before they decide to go for the bankrupcy, as it will hurt their credit history and creditors will not be able to collect any amount from them either. I believe that the bankrupcy is not the best solution for the either party. I request that the FTC not regulate debt settlement out of business, as Debt Regret has provided a valuable benefit to me in my time of need. Thank you."