Debt Resolution Partners has had their membership in the Better Business Bureau revoked. This is a serious thing to have happen because it means that they have failed to live up to standards set by the BBB. When this happens it is usually a result of a more serious issue and in this case, the issue is that the state of California has filed a “desist and refrain” order for operating in the business as a “bill payer, or prorater” without a license. But their website is still up and running and they still list “top settlements” on their website as recently as March 2009. However, there is no web form to sign up for more information and their toll-free number is relegated to the “contact us” web page.

Quick facts about Debt Resolution Partners:

Founded in: March 2003

Years in Business: 6

Number of employees: Not disclosed.

BBB Rating: None

BBB complaints: None listed.

Free Information: There is information about their services on their website and by calling their toll-free number.

Escrow or Payment Plan Available: You make payments in a special account that you set up and own.

Source of Funds: Your monthly payments.

Fee Structure: 15% of the debt that you enroll into their program. Their fees are separated into a retainer fee which is paid over the first three or four months, and then the rest of the fees are paid monthly over the next 15 months or so. They require a Power of Attorney from you in order to give them credibility in handling your accounts with your creditors.

Avg Settlement: Not disclosed, but examples are given and are listed as “top settlements.”

Refund Policy: none given.

About the Company

Debt Resolution Partners has been in business for six years, and operates out of Tempe, Arizona. As of July 2008 they had zero complaints as members of the BBB.

Beginning the Process

By calling their toll-free number listed on the “contact us” page on their website.

Types of Debt Serviced

Unsecured only.

Worth Noting

One reviewer submitted information that state that each account that you enroll into the program must have a minimum of $500 in debt.

Program Caution and Your Responsibilities

Check out this program and ask all of the right questions, like “why did you get a ‘desist and refrain’ order from the state of California and has it been resolved?” Be sure that you review and read all contracts and information before you sign up.

Will Debt Collectors Still Call?

Yes, but they try to get them to cease.

Other Information

This debt settlement company is probably better left alone. With the legal action by the state of California, they could be put out of business (at least in that state). And, there are other states that will honor any rulings that have been made against them. You are better off going with a more reputable company.