16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00124

Submission Number:
543670-00124
Commenter:
Neal Erin Neal
State:
OH
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
I recently completed the Debt Settlement program with Debt Settlement America--had it not been for their program, I would have had to file bankruptcy, which would have involved my husband's credit as well. Working with Debt Settlement America made the process easier--while going though the program, the employees at DSA were there everytime I had a question or concern. My husband went through a two-year period where our annual income was reduced by $25000; this created a huge hardship since we had purchased a house based on the on-going salary that we expected to keep receiving. Now that I have completed the program, we are able to concentrate on other obligations that we have (our house, car, utilities) without the worry of those bills not being able to be paid because my credit card payment kept going up each month. The other problem was that the credit card I had kept raising the limits I had, and when I kept using them, the monthly payment become to where it almost greater than my monthly income. I am personally requesting that the FTC not regulate debt settlement to where it would go out of business. Since they have the expertise on how to handle the the debt collector calls, how to get the collectors to stop calling your place of employment, and just being there to handle any questions and concerns that the customers have as they arise.