16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00062

Submission Number:
Jon Boyer
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
To Whom it may concern, Over the past year I fell into what many people in this country are struggling with. Credit debt. And the worst of it was because of no fault of my own. An injury led to medical bills, which led to losing my job, then leading to eating away at my savings. And to top it all off the economy in this country went into the toilet. This didn't help matters at all. After swimming in debt I was lost and on the verge of declaring bankruptcy. This was something I absolutely did not want to do, but as the credit companies and banks in this country so clearly illustrate, they simply do not care about people one bit. Not one to take care of my responsibilities I was mortified and depressed about the thought of bankruptcy. It just wasn't my style. Then I found a company called Debt Regret. In a short period of time I went from possibly walking away from my debt in a bankruptcy situation, to negotiating a fair settlement option with my creditors. All thanks to debt regret. I couldn't even begin to describe how happy this made me not to simply dump my debt onto the system and at least pay something to my debt. Debt regret was more than just some business transaction to me. They really cared. They called me every month to see if I needed any help, as well made themselves available anytime an at length to answer any questions or concerns I might have. I urge you, the FTC, to strongly reconsider your position of working to shut down the debt relief companies like Debt Regret. I honestly can't begin to understand why you would even consider trying to stop a business that truly wants to help people. Without Debt Regret I would either still be swimming in debt or even worse in a state of bankruptcy. Which of course would only add to the already financial burden on this country's struggling economy. I really do urge you to take a deeper look into what companies like Debt Regret achieve for people in financial trouble. Sincerely Jon Boyer