The company website states:
What makes us unique? Global DS Group is a leader in the debt relief industry. We offer FTC-compliant, performance based, debt relief.
What does FTC-compliant, performance based debt relief mean? Prior to October of 2010, most debt settlement companies charged their fees before they actually settled any of your debts. The majority of the funds designated for creditors were taken out as company fees making it hard to settle debts quickly. As a result of consumer complaints, the FTC made a change to the Telemarketing Sales Rule (TSR) to make it illegal to charge the consumer a fee until the company settled a debt. This change went into effect at the end of October 2010. At Global DS Group, we have always had our customers best interest at heart. We are not afraid to base our fees on performance and look forward to working with you to achieve the best result possible.
Global DS Group presents 4 Options:
DEBT SETTLEMENT: Debt Settlement is the process of negotiating with your creditors to reduce the balances and/or interest that your creditors say you owe.
DEBT CONSOLIDATION: With debt consolidation you would take out a large loan to pay off all of your smaller loans. You would only have one bill each month as opposed to many. However often times this new loan is secured (typically against your home or other personal property).
DEBT MANAGEMENT: Often called credit counseling, debt management companies set you up on a plan directly with your creditors to pay them off in full, typically at reduced interest rates.
BANKRUPTCY: This is typically regarded as the last resort. It is an effective way for eliminating all sorts of debts, however it often comes with long-lasting consequences for your financial future.
A cause for concern is that Global DS Group does not list an address or provide information about management.
The company has also been connected to United Tax Group, New Beginnings Debt Settlement and MM Marketing Group.