Setup Fee: 15%
Monthly Fee: None
Settlement Fee: None
TASC Members: Yes
BBB Complaints: 1
In Business Since: March 2005
Franklin Debt Relief is a Chicago, IL based debt settlement company. They has been in business since March of 2005. Franklin Debt Relief has a satisfactory rating with the BBB. They have only received one Better Business Bureau complaint in the past 36 months. Franklin Debt Relief is a member of TASC.
Franklin Debt Relief charges a standard 15% of your total debt amount spread out over the first 18 months of your program. They do not charge a setup or settlement fee. FDR uses Note World to store your money while on the program. They manage around $25 million in debt.
Do salespeople earn commission: No
Money back guarantee: No fees will be refunded
Stop creditor calls: No
Make monthly payment to creditors: No
Can I get sued while on program: Didn’t get an answer
Tax Consequences: Possibly, contact accountant
Where do they hold money: Note World
