| |
| |
FBL Associates PC
is a new professional corporation that incorporated in October 2009 and started operations in December 2009.
FBL Associates, PC has almost one hundred (100) non-attorney support staff.
In addition, we are currently creating independent contractor agreements with licensed attorneys in all fifty (50) states.
Our Operational Office is located in Fort Lauderdale, Florida, with our Corporate Office located in Philadelphia, Pennsylvania.
|
| |
| |
| |
OUR MISSION
It is our goal to create transparency in the system.
We expect each subscription customer to have communication with their independent contractor state attorneys.
In addition, we wish to provide as much information and support to help you, the customer, make an informed decision regarding your personal automated debt settlement system.
Our independent contract attorneys cannot make the decisions for you, but we can give you the benefit of our legal training as attorneys.
The only guarantee which we promise is that each independent contractor attorney in your state will be a licensed member of the Bar in good standing. FBL Associates cannot give legal advice. That is the role of the independent state attorney.
| |
WE WISH TO MAKE IT CLEAR
EOur role is to find independent contractor state attorneys who will be licensed in the consumer's state.
EIn addition, our role is to support you the consumer with any questions that you may have regarding your personal automated debt settlement software. In addition we provide any support as requested from the independent state contractor attorney.
W We do not make loans.
W We do not accept any fees to hold any of your money for the purposes of paying your bills.
W We are not the legal entity which will represent you in any court proceeding. We are working to establish a prepaid legal insurance which once established will have the responsibility to represent you in court if you have a prepaid subscription.
W We are not a debt management, debt counseling or debt settlement company
W We do not pay your bills directly to your creditors.
| | |
| |
Our services
VALUE FOR OUR SERVICES
We have been hired by Expert Settlement Professional in order to provide the optional law firm support for the subscribing customers. We hope to provide triple value in the form of protection for our services. There are two (2) separate and distinct attorney networks. The first attorney network is your independent state contractor attorney. In some cases FBL and Associates, PC will be covering pre-paid legal insurance for those who subscribe. This pre paid legal service (which each attorney has malpractice insurance) will be covered by FBL Associates, PC. FBL Associates, PC maintains a $5 million malpractice coverage. We will only accept independent contractor state attorneys who maintain malpractice insurance coverage.
Recently we have seen law firms across the country attempt to do debt settlement and are doing what many have classified as deceptive and fraudulent.
What Makes us Different
We want each step of this process to be under a microscope, especially now where the debt settlement industry has been accused of unprofessional and abusive practices. We appreciate that there is a general perspective of an ugly mindset that corporations are taking people's money and being irresponsible. This is why we believe it is important to post a disclosure going over the risk and benefits of debt settlement activities. It is our expectation that the use of local state independent contractor attorneys will provide you, the consumer, with an independent advocate whose role will be to protect your interest.
What are FBL and Associates views?
In these extraordinary times of economic hardship, there has been a significant change in the kind of person that needs financial help. For the first time in history the silent majority is having a hard time affording their monthly bills. People who are purchasing the personal automated settlement software are not irresponsible people collecting debt to buy luxury items, but are hard-working parents who, because of circumstances unforeseen, find themselves drowning in debt.
For argument's sake, let's assume that you have a secretary who has worked hard for many years and has a husband who works in a job with overtime. Two years ago, they renovated their bathroom and three years ago, they purchased an SUV for the family. Now, the husband no longer gets overtime and the hard-working secretary's hours have been cut back and/or raises have been restricted. They now find themselves falling short a couple hundred dollars each month. Every month they have been covering their shortfall with their credit cards. The credit card companies have noticed a decrease in value in their income and the increase in charges to their account so they unilaterally raised the interest rate from 7% to 21%. Now a bad problem has just become worse. You would think credit card companies would reduce the interest rates to help people through these hard economic times. However, the credit card companies want to maximize their fees and interest when the average American income has been minimized. Out of desperation, people do not want to claim bankruptcy, however, they cannot pay the full balance of their debt. In my personal view, I don't believe they should. Why should people have to pay 21% or 25% interest on their credit card debt. If you were to look at the average credit card debt, there is a real question about how much of the debt that the credit card companies are suing over is really fees and interest.
Small claims courts, originally designed to protect the average person, have become cesspools for collection agencies. Collection companies across this nation are utilizing small claims courts to get easy judgments against clients. These judgments not only include the original debt, but usually tack on many other fees and court costs. When you look at the judgment, the question is, how much was the real money spent by the consumer and how much is interest, penalties and fees? Nobody should be surprised then that credit card companies can negotiate debts at 50 cents on the dollar and still make a profit? There is a desperate need for a personalized software system which is designed to give the subscription consumer control over the negotiation of their debts.
Ironically, we believe credit card companies should embrace debt settlement companies and personalized debt settlement software like the one being provided by Expert Settlement Professional. If you look at our website you will see over 1500 settlements in the past couple of months that may have all been bankruptcies. In those situations, the credit card companies would get literally pennies on the dollar. In the past through the use of debt settlement, as risky as it may be, the credit card companies have been able to collect money which eventually would have ended up forcing people into bankruptcy. How long can our secretary and her husband continue to fall short monthly with their interest rate unilaterally being raised as more and more debt accumulates? We are not talking about dead beats. We are talking about people that want to pay their debts. Without some kind of help this couple is destined for bankruptcy. If they do claim bankruptcy the credit card debt is worthless to the creditors. Therefore, debt settlement assists the consumer in making a reasonable settlement to honor their debts and helps creditors by avoiding bankruptcy. In principal, it is a win-win scenario when debt settlement can be done in an ethical and professional way.
Today so many debt settlement companies have abused their authority and have mistreated their customers. This personal automated software program is a good option. It keeps the power in the subscription consumer's hands. Only you, the consumer, has the ultimate decision to make a disbursement to a creditor. Only a subscription customer has the power to accept or deny a settlement. The choice regarding settlement is discussed with the local attorney and only through your direction, does that money get disbursed. To further assist the consumer, FBL Associates, PC has a non-attorney support staff which is available to answer an array of non attorney questions to help the consumer. The beauty of this product is that the automatic software system is the intermediary between the consumer and the creditor. FBL Associates, PC is the intermediary between the subscription customer and the automated software system. And, the subscription customer is supported by the independent contractor attorneys. Lastly, you, the consumer, controls the disbursement to the creditors.
The Product You Purchased
The Product YOU, the consumer, did purchase is a personal debt settlement software program for a fixed fee sold by Expert Settlement Professional. In order to give as much value as possible to the software system, Expert Settlement Professional hires FBL Associates, PC to provide an optional support of the software to assist the customer with making non-legal informed choices. As part of that process, FBL Associates, PC works with independent state contract attorneys whose function is to assist you, the consumer, with making legal choices. It is this combined team which gives you, the consumer, better service and better choices.
How it Works
Your money is placed into an escrow account through Noteworld in the subscription customer's name. However, the independent contractor attorney will have no rights to make any distributions of settlement funds without the express consent and direction of you, the consumer. The functions of the independent contractor state attorneys are to review any settlement documents and answer any software questions that may be expressed from the subscription customer.
Once a settlement has been reached, it will be up to the sole discretion of the subscription customer as to whether or not they wish to accept the settlement. If you the consumer decides to accept the settlement, then the subscription customer will direct the escrow account through Noteworld to pay off the settlement directly. Therefore you, the consumer, are the sole person in charge of distribution of any funds.
WHY WOULD CREDITORS WISH TO SETTLE?
In plain and ordinary language, you must have a legitimate financial hardship. If your financial hardship becomes too extreme, you may have to go into bankruptcy. Once an unsecured creditor has a customer going to bankruptcy, the value of their debt is significantly reduced. Creditors need a reason to negotiate and settle your debt. Creditors do not want you to claim bankruptcy especially if you can show a legitimate financial hardship. Previous attorney models have argued that they will find technical violations of various federal and state statutes in order to relieve you of your debt. This has been commonly referred to as the Kennedy/Hess model which has been routinely refuted as a fraudulent scam. We do not audit your files or look for technical violations of rules. What the automated debt settlement software program does is pool your legitimate financial hardship with thousands of other similarly situated people in order to negotiate with the creditor to make the debt affordable for the average person to hopefully avoid bankruptcy.
A COMPLETELY NEW APPROACH WHICH MAY AVERT THE ORIGIAL CREDITOR FROM SUING YOU
It is well understood that most honest people are sincerely worried about the possibility of being sued by their creditors. What is not commonly known is that there are institutional buyers who buy and sell debt every day. A program has been developed which can utilize this institutional buying system in order to maybe avoid the possibility of being sued by the original creditor. In effect, this program, through the third party funding or secondary markets process, may be able to achieve peace of mind for what is the most significant fear plagued by today's silent majority of debtors.
There is a marketing company known as "National Asset Exchange" (hereinafter known as "NAE") who are developing an exchange where debt can be purchased and resold at a wholesale value through institutional buyers and sellers. Participation in this program has no additional costs or fees beyond your original contract signed with your debt settlement company.
In plain and simple language, an institutional buyer is buying the debt at a much reduced rate from the original creditors, therefore, they can settle with you at significantly less money that what you owe and still make a profit.
For a complete explanation of this exciting new option click here.
If you wish to participate in this program you must download, sign and fax in this Opt-In-Agreement.
THE RISK
Even though FBL Associates, PC is here to support you in regards to the personal debt solution system, it is a RISKY PROCEDURE to attempt to do debt settlement. Debt settlement is similar to a surgical procedure. Surgeries can have complications and some people can die. In the debt settlement industry, this means that your credit score will be negatively impacted for many years. Creditors can sue you. Nobody can stop creditor's harassing phone calls. People have a right to try to collect their debts owed.
Our Role
I would first like to clearly and in plain language address what we don't do.
W We are not a money-service provider or money transmitter.
W FBL Associates, PC is only qualified to render legal services in the US Supreme Court, the US 2nd Circuit Court of Appeals, the US 3rd Circuit Court of Appeals, the US 9th Circuit Court of Appeals, and the Pennsylvania Supreme Court.
W ONLY Prepaid Legal Insurance. will represents YOU, the consumer, in any court proceedings if you subscribe.
W We are not intermediaries between the debtor and the creditors.
CONCLUSION
Debt settlement is a risky procedure and should only be done if you have a true financial hardship. FBL Associates, PC is here through its non-attorney support staff to answer any non-legal questions or concerns regarding the personalized automated debt settlement system. The attorney-client relationships will exist with each subscription customer with an attorney in their state. You, the consumer can ask legal questions regarding the automated debt settlement software directly to your independent contract attorney, who begins working for the consumer immediately upon purchase. We have placed, in writing, a Read Me Disclosure, which again goes through all of the negative consequences of debt settlement in a simple and easy-to-read format. We understand that people who are facing financial distress find themselves being preyed on by people who make false promises and implied statements. FBL Associates, PC wishes to make it clear that if any individual company or entity has made any statements different than what is in our website, we wish to be notified immediately so that we can make sure action is taken. Transparency, communication and value are our goals. FBL Associates, PC is here to support the subscription consumer in any way that is legally possible.
Our Support System
Our employees are here to assist you, the subscribing customer with non-legal questions. The personal automated debt settlement software will draft letters, send out requests and demand settlements on behalf of you the consumer. In order to help the consumer with your subscription to the personal debt settlement software process, we provide an attorney which is licensed in each state as an option for the consumer. Our relationship with this independent contractor attorney is simply that of a referral. We do not control the decision-making of this lawyer or limit their functions.
This independent contractor attorney will have an attorney-client relationship with the customer of the automated debt settlement software subscription. These independent state contractor attorneys are not specialized or expert in any particular field. Their role is to help the consumer with making informed choices through the use of their education as attorneys. They are not providers of debt settlement services and they are not debt settlement companies. None of these independent state contract attorneys have any specialized knowledge, training or education beyond that of a licensed practice attorney in good standing. We strive to find attorneys who have a very small portion of their practice dedicated towards debt adjustment. In such cases, it is for this reason, that these independent state contract attorneys will be providing legal advice which is incidental to the normal course and scope of their business and they are in no way employed by a debt settlement or debt management company.
|
|
|
