6362 Hollywood BLVD FL4
Hollywood, CA 90028
Other Business Names: FDRS
Summary of Business: Debt Elimination and Debt Relief
Number of BBB Complaints as of 6/17/08: 38
Members of BBB: No
BBB Profile
Business Start Date: May 2005
Number of Employees: N/A
Trade Organization Memberships: None

Federal Debt Relief Systems is a company that claims to be able to eliminate their clients' unsecured debts for free (minus their up front fees of course). Much of their argument rests on the fact that the entire concept of banks lending moeny is a fraud, and due to this fact, they are able to cancel your debt. Since PayingPaul.com is neither an attorney nor a client of this company, we can only encourage consumers seeking debt termination to do thorough research on FDRS before choosing this option.

Based on the complaints online and research done of FDRS's website, it is unclear how they go about eliminating their client's debts. Even concerned clients who ask what is going on with their accounts seem to receive vague information and little explanation.

Some good websites to get a better idea of consumers' experiences with this company are debtconsolidationcare.com and ripoffreport.com. Although the BBB offers valuable insight on the complaints received against FDRS, they inaccurately describe their services as those of a debt settlement company.

Do you feel uncomfortable putting your finances in the hands of a particular company? Check out PayingPaul.com's section on scams, rip offs, and frauds

(Disclaimer: In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.)

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