No-debt3.com claims to wipe out unsecured debt due to a loop hole in the industry. Does anyone know this to be true and what is the loophole?
by 
gypsys0ul
ANSWERS: 3
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It's a bald-faced lie. There is no magic "loophole" that wipes out unsecured debt. The only way to do it is to pay it off, to get the creditor to accept a lower amount in settlement (which is reflected on your credit report as "paid in settlement" which is a hit on your FICO score), or to go to court and challenge the veracity of the debt (if you win, then the debt should die there).
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For what they want you to pay for, you can do it yourself. All that you have to do is get copies of your credit report and challenge the debts on them. You can usually get a few taken off when you do that
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I would never trust a website with the "3" in the URL like that.
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