An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program.
These debt reductions mailer are infuriating to me. I mean let’s at least try to tell people the information in a way that can make some sort of logical sense. And it would be nice to see mailers that were open about being a sales pitch and not providing confusing information.
The mailer I received below claims to be from an unidentified non-profit group. The envelope says it was mailed by a non-profit mailer.
But the letter inside is deceptive in my opinion. It appears to look like an official mailer with it’s top layout and disclaimers. It claims to be about a “Nationally Sanctioned Debt Reduction Initiative.”
That’s a very interesting description since we don’t know who the company is behind this we don’t know if they are providing services nationally and there is no government program called the Nationally Sanctioned Debt Reduction Initiative.
The mailer says it was mailed to a Colorado resident. Colorado has a list of debt management services who are registered to do business there. The list can be found here. Is the company on that list? Who knows since they fail to tell us who they are.
Then there is the line, “U.S. Lending Institutions are allowing a limited number of individuals to participate in this Non-Profit 501c-3 creditor sponsored program.” I’m going to have to go with pants on fire on that line.
And for a group that claims to be a non-profit you would think they would know the designation is 501(c)(3) and not 501c-3. How good can the claims be if they are confused about their tax status designation?
The mailer says, “We encourage you to act fast as program guidelines only allow for a limited number of participants.” Now that would be a really good issue for a regulator or court to look into. I think that by this point, not only are your pants on fire but your underwear is as well. “Liar, liar.”
“The program is backed by every major credit card provider in the country, it is not affiliated with Debt Settlement and is specifically designed to keep your Credit Score in excellent standing,” says the mailer. Awesome, but that seems to run afoul of the Credit Repair Organizations Act and we still don’t know specifically what the program is or who the company behind it is. Is this a credit counseling program? The mailer never says.
But while the mailer has been screaming this is a non-profit program, it’s not until the fine print where I actually laughed out loud. The mailer actually says, “Consumer may be referred to a Non-Profit or For-Profit Debt Relief Agency.” So the whole non-profit program thing is a lie? Or can the claim be the company sending you to a for-profit debt relief provider is a non-profit? See what I mean about it not making sense.
The fine print also says, “This offer is not associated with bankruptcy, debt consolidation loan, or debt settlement; it has been specifically designed to assist consumers with financial education, consumer benefits, reducing interest rates and payments or outstanding credit card debt, and reducing monthly obligations.”
So riddle me this, how can the mysterious program reduce the outstanding credit card debt but not be about debt settlement? And “consumer benefits” is a feature of this secretive program? LOL.
The sad part is someone will actually fall for this load of crap, call the number, and get sold the mystery program.
My advice to anyone who receives this mailer is to read the following free guides and then decide if you agree or disagree with my opinions. I’d love to hear your opinion on the mailer. Leave a comment below.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
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