16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00109

Submission Number:
Private Citizen Manuel Valecruz
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
To the Members of the FTC, My name is Manuel Valecruz, a recent benefactor of the debt settlement industry working with Debt Settlement America. I write the commission today to urgently request the comission reconsider any additional regulatory requirements for the debt settlement industry. As I understand it, the additional regulatory requirements would cause debt settlement companies to close their doors and their services taken away from consumers like myself. My business experience with Debt Settlement America started early 2005 and just recently made my last payment this past August. And peace of mind is a priceless commodity. My financial situation started with my divorce while attending a community college to become a registered nurse. My hardship insued from the fact that I was going to school full time, not working, paying for school with credit cards and going through a costly divorce at the time. I did consult with a bankruptcy lawyer and later determined that filing for bankrupty was not an option and would yield less favorable outcomes than working with a debt settlement company. My experience working the Debt Settlement America has been one that have had results that I've been very satisfied with. The staff at Debt Settlement America have been very supportive both emotionally and professionally in resolving my debt issues. So I plea with the FTC to not burden the debt settlement industry with additional regulatory requirements that might threaten their very existence in the future. I truely believe that Debt Settlement America and others like them, provide an invaluable service that many in these economic times can benefit from. If I can be of any further assistance in this matter, please feel free to contact me. Phone number : Respectfully, Manuel Valecruz