As of Friday afternoon March 5th, the Better Business Bureau has switched the ratings of all companies listed as Debt Settlement/Negotiation to an "NR" status (No Rating) and has temporarily suspended accreditation for everyone in that category. Below is the explanation we received by our local BBB contact when we inquired about this action:
Thank you for your recent submission of the requested documents regarding BBB criteria for companies offering debt settlement. Our BBB has discontinued the evaluations of these criteria in lieu of new standards soon to be issued by the FTC. Any company in our database that has submitted the criteria and offers only debt settlement will be issued an NR (no rating) pending the release of the FTC standards. If you are an Accredited Business, your accreditation has been removed until the FTC release. You can be reconsidered for accreditation at that time.
On behalf of legitimate Debt Settlement companies around the country, we are extremely disappointed in the BBB's handling of this situation and have appealed that they reconsider their thoughtless actions. In the meantime, DNS continues to operate at the same level of quality and customer care that we have been for over a decade.
Robert Sriberg
Debt Negotiation Services
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