16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00061

Submission Number:
Matt Haley
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
We, Matt and Deanna Haley would like to request that the FTC NOT regulate debt settlement companies out of business. Our specific experience is with "Debt Regret". When the credit crisis hit last year, the credit card companies raised our interest rates to max percentage even though we never missed or were late with our payments. At the same time, due to the dive in the economy, my (Matt's) income was drastically reduced. We thought we would have to declare bankruptcy. That's when I did some research on MY OWN and found Debt Regret. Their staff described the process in a clear and understandable way. We decided to enlist their help and could not be happier. Everything has happened just as they said. We have already completed a good portion of the process and have only 2 settlements left to go out of 8. Their staff is always available to answer questions and calls at least once a month to see if we have any questions or concerns. They have truly provided an invaluable service and we would recommend them to anyone in need. Please do not put "Debt Regret" out of business. Hard-working Americans need someone to turn to in these tough economic times. Sincerely, Matt and Deanna Haley