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National Debt Assistance
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What's New

A Review of Franklin Debt Relief in Chicago, Illinois
BBB members: It appears that Franklin Debt Relief was accredited by the BBB until the BBB instituted its policy of no longer allowing debt settlement companies to be members. This policy was created largely in response to the volume of complaints being lodged against certain companies in the debt settlement industry, not due to the actions of Franklin Debt Relief it appears since they have not had a complaint in over a year despite servicing more than a thousand consumers according to a recent press release. From PayingPaul.com’s research, Franklin Debt Relief seems to satisfy a very high rate of its clients.
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National Debt Assistance

17767 N. Perimeter Dr.
Scottsdale, AZ 85255
Other Business Names: American Platinum Financial Services
Summary of Business: Debt Settlement
Number of BBB Complaints as of 6/17/08: 0
Members of BBB: No
BBB Profile
Business Start Date: October 2007
Number of Employees: 13
Trade Organization Memberships: TASC (Trade Association of Settlement Companies)

Fees


What is the total fee for the program?


15% of the total debt enrolled in the program. Fees are included in monthly payments.

Over how many months is the fee paid?


18-19 months

Do you have a set up fee?


No

Do you have a money back guarantee?


Yes. In the words of the website, Well fully settle your debts and save you at least 3 times the amount of our service fee. If we don't save you at least 3 times our service fee during the entire duration of the debt settlement program exclusively created for you, well refund you the difference!

Do you charge a fee based on how much I save?


No

Eligibility


What type of debt do you work with?


Unsecured debt, primarily credit cards, but also business debts, medical bills, both federal and non-federal credit union accounts, military accounts such as OmniFinancial, unsecured personal loans. It should be noted that credit cards with recent cash advances are not eligible for inclusion in National Debt Assistance's program until sufficient payments have been made.

What is the minimum total unsecured debt one must have in order to qualify?


$10,000.

Does a client need to include all of their unsecured debt in the plan?


Yes, not doing so may affect the success of the negotiations.

Services


Do you do the negotiations yourselves?


No, NDA does the sales and marketing of the settlement program.

If back end, who is the company you use for negotiations?


Declined to Answer

Creditor Calls


Do you send a Power of Attorney to notify the creditors that a client is enrolled in your program right away?


Yes

Do you send a Cease & Desist letter to my creditors?


Yes

Can I change my phone number & address to your company�s phone number and address?


Depends on the client

Do you have a consumer advocacy group help me with calls?


Yes.Among other things, National Debt Assistance also advises clients to redirect any creditor calls to their company.

(Disclaimer: The following information is based on an informal conversation that PayingPaul.Com had with a representative from this company. 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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