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A message from the Founder and President of Federal Debt Reduction, Inc.: First and foremost, I’d like to personally welcome you to the Federal Debt Reduction web site! I’m very pleased that you’ve taken the time to visit us here on the “Information Highway” and to learn a little more about who we are, what we do and how we do it! My name is David Vogel and I’ve been in the Debt Consulting and Debt Arbitration Industry for over eight years now. During this period of time I’ve seen the good, the bad and the ugly! My career in this industry began in January of 2000 while working for a Consumer Credit Counseling organization as a Debt Counselor. I found my position as a Debt Counselor to be very rewarding! After all, I was helping consumers faced with overwhelming credit card debt and on the verge of declaring bankruptcy with a less drastic option! After performing many hours of research and over several years of experience in the Consumer Credit Counseling Industry, I learned that this industry was essentially created by the Banking and Credit Card Industry as a “safety net” for consumers to “fall into” instead of the alternative, which was to “fall out” and declare bankruptcy! A perfect plan! If consumers can’t pay their credit card bills for whatever reason, let’s herd the “cattle” (consumers) to Consumer Credit Counseling rather than having to meet them in court over bankruptcy! In doing so, the credit card companies still receive interest (another word for profit in the banking industry), although at a lesser percentage rate, and the consumer still pays 100% of what they owe over a minimum of 3-5 years! Sounds great, right? Maybe for the credit card companies but not for you, the consumer! Why you might ask? Well, in addition to paying 100% of your credit card debt back to the bank along with interest, you’re now paying a monthly fee to participate in this so-called “non-profit” Consumer Credit Counseling Program who is to not only pay YOUR bills for you and on time, but to educate you in how to manage your debt (which most of them do not do)! What’s more, your master credit file will now indicate that you’re in this glorious “CCCS” program! This new “status” will remain a part of your credit file for an ADDITIONAL 7 YEARS AFTER you’ve made your final payment in the program! So now you’ve completed the program and you’re “debt free” (which is a good thing, naturally), but just wait until you need to borrow money, obtain a mortgage, lease or finance a car OR when those new credit card offers begin arriving in your mail box – and they will! They already know that you participated in a Consumer Credit Counseling Program and they’ll be more than happy to offer you a “second chance” except this time at premium that comes in the way of very high interest rates! After all, they know that you previously fell into the credit card trap and were not successful in handling it yourself! To them, you are a delightful credit risk and this time around they’ll be sure to make a killing by treating you as a “sub-prime” consumer which will cost you much more money in the way of interest compared to the person next to you who may enjoy a good/average or perfect credit score! Now please keep in mind that I’m not trying to say that Consumer Credit Counseling is a “bad thing” because I firmly believe that ANY program that helps a consumer to become debt free without having to file for bankruptcy protection is a good program! And let’s face it, if someone is hopelessly in debt and at risk of loosing their home, bankruptcy may very well be their only solution! That being said, one day at lunch with a colleague of mine, he introduced me to his friend who was a Debt Negotiator. Naturally curious, I asked her to please explain what types of debt she “negotiated”. Her answer was “unsecured debt – such as credit card debt”! After several meetings with her and discussing how the debt negotiation process works, I found myself wanting to learn more. A position became available with the company she worked for so I interviewed for the position and was hired! Three months later I was promoted to “Senior Debt Negotiator”! Now, although I thoroughly enjoyed my new position, I came to notice that there were quite a few things that could have been done differently to better serve our clients so with this in mind and after several years of hard work, my goal was finally within reach! I respectfully resigned in December of 2006 and in January of 2007 I opened Federal Debt Reduction, Inc.! I recruited experienced colleagues of mine from both the Credit Counseling Company and the Debt Negotiation Company where I had previously worked. Aware of my desire to help people and my strict work ethics, they were excited to start the journey with me at Federal Debt Reduction, Inc.! We continually fine tune our policies and procedures to offer only the best to our Clients! We have a growing staff of Debt Consultants, Debt Negotiators, Accountants, Underwriters, Customer Service Representatives, Processors, Clerks and Computer Specialists all working together to provide our Clients with the level of service they expect and deserve! Now keep in mind, there are approximately 800-1000 companies throughout the United States who are actively engaged in the Debt Arbitration Industry however, no two companies are the same! What sets us apart from the majority of our competition and the reasons why we are superior to them is simply contributed to the following practices: 1) FDR stops the harassing phone calls from your creditors! Some companies allow you (the client) to handle the calls on your own which is bad practice! 2) With FDR funds accumulate in your new FDIC Insured Escrow Account beginning the very first month you’re in the program! Some companies charge a ridiculous amount of fee’s up front so that your funds do not begin to accumulate in your account until 6 to 9 months after you’ve enrolled into the program! 3) FDR begins the negotiation process immediately, after having received your enrollment documents! With some of the other companies your debt is not settled until one year from enrollment or until you have sufficient funds in your account to begin negotiating with your first creditor! They are more interested in obtaining as many customers as possible simply due to the monthly fee’s they charge! For example, if ABC Debt Settlement has 10,000 customers each paying $49.00 per month they’re quite happy to sit back and collect $490,000.00 per month in fee’s alone! Obviously, they’re in no hurry to settle your debt! We find this type of “prospecting and/or marketing” WRONG and completely UNETHICAL! At FDR our policy is “If our Client has the funds to settle the debt, we settle it immediately”! Plain and simple! 4) We hire ONLY the most qualified professionals in their field! Our extensive training and focus on excellence includes compassion and understanding for our Clients! Once again, thank you for taking the time to visit our web site! Please take your time to explore and educate yourself of the choices available to you as it pertains to unsecured debt! By the way, the Public Broadcasting Service (PBS) has given us permission to share a very informative documentary program produced by “FRONTLINE” called “Secret History of the Credit Card”! Please click on the video link below to watch this eye-opening look into the credit card industry! It’s nothing less than amazing! We look forward to hearing from you today and please remember that we may not be the largest company in this industry but we will continue to rise above our competition through the success of our Clients and our dedication to excellence! We’re here to listen, to understand your individual situation and to help you and/or your Family become Debt Free in as little as 20-30 months! For a FREE Confidential Debt Consultation and to enroll into the Federal Debt Reduction Program, please call our toll free number above or use the “Contact Us” link to the left to experience excellence in action today! Yours truly, David Vogel
Founder/President
Federal Debt Reduction, Inc.
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