Freedom Debt Relief – How good a company is it?

01/27/2022 2,521 Comments

Freedom Debt Relief – How good a company is it?

Freedom Debt Relief claims to help people who have a lot of debt in handling creditors and negotiating a settlement with them. However, not many consumers have spoken well about them and the way they work. Although most of the customers have not offered good reviews about them, there are also a few who think of them as a dependable company.

Mixed Consumer Reaction about Freedom Debt Relief

Extra resources

Freedom Debt Relief has had mixed reactions from people. On one hand there are customers who have been extremely unhappy with them and on the other hand there are again customers who have had good experience and find them reliable.

  • Some customers have felt that the company has been true to their words.
  • They immediately start contacting debtors/creditors in order to negotiate a settlement.
  • They have been honest and also helped clients get in touch with an attorney who could help them get out of debt.
  • They have helped customers settle debts for good.
  • They settle for far more an amount than what they commit to customers.
  • Even after receiving a ‘cease and desist’ letter they continued with their calls.
  • They tend to lose information provided by their customers.
  • Customers have been forced to file bankruptcy since working with them has cost them a lot of money.
  • They are known to spoil credit scores of individuals.

General information on Freedom Debt Relief

Freedom Debt Relief is a debt settlement company founded in 2002 aiming to help individuals improve their financial condition. They assist them in getting out of debt through their financial programs. They are said to negotiate with the creditors/lenders and settle accounts for as less as possible and also educate consumers on debt management.

I have been corresponding with them (freedomdebtrelief) and talking with a guy of Freedom Debt Relief by phone and have not yet entered into any agreement but today I decided to do some homework and found that their CA Corp. status is “suspended” and that is a HUGE red flag for me. I’m still waiting for more info on that but I also checked the BBB and there have been 67 complaints so far against Freedom Debt Relief scam that I can find. and that’s through a regional BBB site. Who knows if there are more reviews elsewhere. It all sounded very good, and on the “up and up” but what do I do now? I have about $20,000 in debt and they agreed to settle my debt for about $11,000 total out of pocket. They charge but I’m still better off with their numbers. Problem is, I’m very afraid of doing business with anyone in the debt settlement industry having such complaints. I need help very soon though! So far I’m not late on any of my bills but it’s not far off. Please suggest me on Freedom Debt Relief reviews. [samebox:0d75c39e1c=”Vikas”]Response from Freedom Debt Relief Managing Partner –

Debi – tell Freedom Debt Relief to take a walk. With that many complaint reviews against them (unresolved ones, at that!), they are not worth your time nor your money.

Let me clarify. My total debt is about $20k and their settlement program, INCLUDING their fees, is only about $11k. That means, in reality, since their fees are 15%, which is about $3k. I’m only paying back about $8k of my debt back. I’ve done alot of research and even spoke to the founder of their company and it all seems on the up and up. I’m just scared I guess. I’m so untrusting of anyone, including my creditors! I KNOW my creditors could really care less if I’m having trouble as long as they get paid the monthly minimum. If not Freedom Debt Relief company can someone recommend a good debt settlement company they have worked with.

Oh, and I addressed the BBB complaints with their founder and he said he wishes they had none but Freedom Debt Relief always resolve their complaints. I did look at the BBB and I believe they are all resolved. He invited me to contact the CA Attorney General’s office as he knows I will not find any negative information there. Their founders are Stanford graduates. blah blah blah. Help! I’m scared! It’s either this or bankruptcy!

I can tell you for sure that Freedom Debt Relief will not succeed in 40% settlement which is what they are telling you without messing up your credit score. Your accounts will have to be charged off before you get that kind of settlement even with one of these companies trying to negotiate. As your accounts get charged off the amount you owe escalates. The credit companies start tagging you with late fees, over limit fees, higher interest and other fees to balloon your balance. In 6 months that 20,000 could easily grow 35% to around 27,000. They may still be able to get a 40% settlement on the beginning balance but keep in mind that your credit will be a wreck afterward. As you settle your score will improve but the settled amounts leave gray marks on your report. Sometimes you can dispute these and the creditor will not verify those marks so they disappear. Also keep in mind that your creditors will 1099 you afterward too which means you have to pay your tax bracket on the difference between the ballooned amount and the amount you paid.

I have not personally worked with any debt settlement company so I can not recommend any but one thing I would do is try to not pay them a large amount up front without anything being settled. Maybe you could get the company to agree to take payment as the settle items for you. For example if the settle a 5,000 account for 2,000 then you would send them a check for 2000 made out to the creditor and another check for $750 made out to them which is their 15% fee. I do not think they could settle any of them though if you continue to make your minimum payments. I would also recommend that you try the counseling on this site prior to going with any settlement program.

In reality 20k in debt is actually pretty low. I certainly would not file bankruptcy over it. I would try to cut corners, sell stuff and take extra work to pay it down which is what I did for my own debt. Do not let the creditors make you think it is an urgent matter either. Take care of your necessities first. If you end up delinquent on your accounts so be it.

关于 “Freedom Debt Relief – How good a company is it?” 的 2 个意见

  2. 628000 332028The subsequent time I read a weblog, I hope that it doesnt disappoint me as a good deal as this 1. I mean, I know it was my option to read, but I truly thought youd have something attention-grabbing to say. All I hear can be a bunch of whining about something which you possibly can repair should you werent too busy on the lookout for attention. 809734

  3. 52481 522666I feel you did an awesome job explaining it. Sure beats having to research it on my own. Thanks 975446

  4. 978125 451684Locating the correct Immigration Solicitor […]below youll uncover the link to some web sites that we think you should visit[…] 775736

  5. 202078 223026Hello! I just now would choose to supply a enormous thumbs up with the fantastic data you can have here within this post. I will be coming back to your blog site for additional soon. 629297

  6. 894148 264071appreciate the effort you put into obtaining us this information. Was looking on google and located your post randomly. 235143

  8. 152634 654425While youre any of the lucky enough choices, it comes evidently, while capture the fancy of the certain coveted by ly folks other beneficial you you meet might possibly properly have hard times this certain dilemma. pre owned awnings 464340

  21. Definitive journal of drugs and therapeutics. Drugs information sheet.
    ivermectin rx
    Comprehensive side effect and adverse reaction information. Get information now.

  22. Everything about medicine. Everything what you want to know about pills.
    ivermectin buy australia
    drug information and news for professionals and consumers. Generic Name.

  23. Prescription Drug Information, Interactions & Side. What side effects can this medication cause?
    buy liquid ivermectin
    Drug information. Medicament prescribing information.

  25. drug information and news for professionals and consumers. п»їMedicament prescribing information.
    https://stromectolst.com/# ivermectin cost canada
    Read information now. Generic Name.

  26. drug information and news for professionals and consumers. All trends of medicament.
    stromectol drug
    Prescription Drug Information, Interactions & Side. Prescription Drug Information, Interactions & Side.

  28. п»їMedicament prescribing information. Some are medicines that help people when doctors prescribe.
    https://stromectolst.com/# ivermectin 8000
    earch our drug database. Generic Name.

  32. Learn about the side effects, dosages, and interactions. Some are medicines that help people when doctors prescribe.
    https://stromectolst.com/# purchase oral ivermectin
    safe and effective drugs are available. Read information now.

  36. Learn about the side effects, dosages, and interactions. Commonly Used Drugs Charts.
    https://stromectolst.com/# stromectol nz
    Drugs information sheet. Comprehensive side effect and adverse reaction information.

  38. Prescription Drug Information, Interactions & Side. earch our drug database.
    ivermectin drug
    Get warning information here. Definitive journal of drugs and therapeutics.

  39. Read information now. Read information now.
    https://nexium.top/# get nexium without dr prescription
    Get warning information here. drug information and news for professionals and consumers.

  41. Medscape Drugs & Diseases. drug information and news for professionals and consumers.
    https://levaquin.science/# where to get levaquin pill
    Read information now. Commonly Used Drugs Charts.

  43. Definitive journal of drugs and therapeutics. Actual trends of drug.
    cost mobic for sale
    earch our drug database. Medscape Drugs & Diseases.

  44. Comprehensive side effect and adverse reaction information. Learn about the side effects, dosages, and interactions.
    https://mobic.store/# get cheap mobic without dr prescription
    Drugs information sheet. Drugs information sheet.

  46. Read information now. Read information now.
    zestril 20 mg cost
    drug information and news for professionals and consumers. earch our drug database.

  47. Comprehensive side effect and adverse reaction information. Read information now.
    on line order lisinopril 20mg
    Learn about the side effects, dosages, and interactions. Prescription Drug Information, Interactions & Side.

  53. Cautions. earch our drug database. amoxil pharmacy
    Some are medicines that help people when doctors prescribe. Definitive journal of drugs and therapeutics.

  56. Everything what you want to know about pills. Everything information about medication. https://amoxicillins.online/ over the counter amoxicillin canada
    Everything information about medication. drug information and news for professionals and consumers.

  59. What side effects can this medication cause? Get warning information here. https://amoxicillins.online/ rexall pharmacy amoxicillin 500mg
    safe and effective drugs are available. Everything what you want to know about pills.

  60. Cautions. Everything about medicine.
    https://finasteridest.com/ can i get cheap propecia pill
    safe and effective drugs are available. Some are medicines that help people when doctors prescribe.

  63. Learn about the side effects, dosages, and interactions. Cautions.
    https://finasteridest.com/ cost of propecia without a prescription
    What side effects can this medication cause? Read here.

  67. Some are medicines that help people when doctors prescribe. Comprehensive side effect and adverse reaction information.
    https://finasteridest.online buy cheap propecia
    safe and effective drugs are available. safe and effective drugs are available.

  68. Long-Term Effects. Learn about the side effects, dosages, and interactions.
    buy zithromax online cheap
    Medscape Drugs & Diseases. Definitive journal of drugs and therapeutics.

  69. п»їMedicament prescribing information. Best and news about drug.
    best pill for ed
    п»їMedicament prescribing information. Comprehensive side effect and adverse reaction information.

  73. Long-Term Effects. Definitive journal of drugs and therapeutics.
    buy ed pills
    drug information and news for professionals and consumers. Learn about the side effects, dosages, and interactions.

  75. Some are medicines that help people when doctors prescribe. earch our drug database.
    cheapest ed pills
    Everything information about medication. Read here.

  77. Get warning information here. Read information now.
    https://edonlinefast.com pills for erection
    drug information and news for professionals and consumers. Some trends of drugs.

  78. Prescription Drug Information, Interactions & Side. earch our drug database.
    ed treatment drugs
    Everything what you want to know about pills. Some trends of drugs.

  79. Read information now. Everything information about medication.
    https://canadianfast.com/# pain meds without written prescription
    Commonly Used Drugs Charts. Drug information.

  80. Commonly Used Drugs Charts. Definitive journal of drugs and therapeutics.
    https://canadianfast.com/# anti fungal pills without prescription
    Drugs information sheet. Learn about the side effects, dosages, and interactions.

  81. Commonly Used Drugs Charts. safe and effective drugs are available.
    canadian pharmacy cheap
    What side effects can this medication cause? What side effects can this medication cause?

  86. Generic Name. Comprehensive side effect and adverse reaction information.
    canadapharmacyonline com
    Top 100 Searched Drugs. drug information and news for professionals and consumers.

  87. Read information now. Learn about the side effects, dosages, and interactions.
    https://canadianfast.com/# canadian drug
    Top 100 Searched Drugs. What side effects can this medication cause?

  89. Cautions. What side effects can this medication cause?
    https://canadianfast.com/# pain medications without a prescription
    Definitive journal of drugs and therapeutics. What side effects can this medication cause?

  97. Some are medicines that help people when doctors prescribe. Read information now.
    can i take viagra every day
    earch our drug database. Prescription Drug Information, Interactions & Side.

  100. Get information now. Some are medicines that help people when doctors prescribe.
    cialis canadian
    earch our drug database. п»їMedicament prescribing information.

  104. Long-Term Effects. Everything information about medication.
    pharmacy 365 cialis
    Learn about the side effects, dosages, and interactions. Read now.

  105. earch our drug database. Some trends of drugs.
    cialis sales canadian
    Drug information. Comprehensive side effect and adverse reaction information.

  107. Drugs information sheet. Top 100 Searched Drugs.
    discount cialis 20mg
    Comprehensive side effect and adverse reaction information. Comprehensive side effect and adverse reaction information.

  110. Learn about the side effects, dosages, and interactions. Everything what you want to know about pills.
    tadalafil 100mg best price
    п»їMedicament prescribing information. п»їMedicament prescribing information.

  111. earch our drug database. Everything what you want to know about pills.
    buy 10 mg cialis
    drug information and news for professionals and consumers. п»їMedicament prescribing information.

  112. Prescription Drug Information, Interactions & Side. Medscape Drugs & Diseases.
    5mg tadalafil generic
    Everything what you want to know about pills. Prescription Drug Information, Interactions & Side.

  115. drug information and news for professionals and consumers. Everything information about medication.

    non prescription prednisone 20mg
    Comprehensive side effect and adverse reaction information. Everything information about medication.

  887. us based online pharmacy: canadian online rx – canadian rx pharmacy online
    canada prescription online – interpharm.pro Their international collaborations benefit patients immensely.

  897. buy canadian drugs online: best canadian online pharmacy – canadian pharmacies that ship to the us
    canadian mail order pharmacy – internationalpharmacy.icu Their global medical liaisons ensure top-quality care.

  915. Pharmacie en ligne livraison 24h – Acheter mГ©dicaments sans ordonnance sur internet

  919. Pharmacie en ligne fiable – Pharmacie en ligne pas cher

  920. acheter sildenafil 100mg sans ordonnance

  961. order mobic without dr prescription: buy mobic – can you get cheap mobic without prescription

  1072. acquistare farmaci senza ricetta: kamagra – farmacia online più conveniente

  1251. п»їerectile dysfunction medication ed drugs erection pills online edpills.tech

  1350. comprare farmaci online all’estero: kamagra – acquisto farmaci con ricetta

发表评论

您的电子邮箱地址不会被公开。