16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00028

Submission Number:
543670-00028
Commenter:
Anderson
State:
WA
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
My husband and I enrolled in Debt Shield's settlement program in May of 2007, we were at the end of our rope with $27,890.39 in debt. We needed help finding our way out. The monthly minimums were so high, due to interest rates ranging from 22.5% to 32.5%, that we were unable to make them all every month. With Debt Shield we only paid $700.00 a month and we built up capitol to pay of the cards. We graduated from the program last month and paid a total of $13,816.00 to the credit card companies, Debt Shield saved us $14,074.39! I can answer the phone again without worrying who is on the other end of the line, I can go to the mailbox without a feeling of dread coming over me, and an extremely heavy weight has been lifted from our shoulders. How did we get in this mess to begin with? I have stress induced seizures, am not allowed to drive and we live in a very small town. Finding a job within walking distance and an employer willing to take me in was a very difficult thing. It took 3 years for me to find a fit, which made it very tough with only my husband's construction worker income. You can see how things snowballed. Debt Shield was there when we needed help. Without them we would still be struggling to get on our feet again. So many people could benefit from their services, there are many, many people in similar situations right now. They need this sort of company to help them get relief. I have and will continue to recommend Debt Shield to friends and family members who I feel could benefit from their services. They need to be allowed to continue helping those who need it most, especially now with the country's current financial climate. I cannot, with simple words express how grateful I am to Debt Shield for getting us to the place we are now. Thank you seems to little, but I do pray that you take my story and others like it to heart.