Hi I have signed with Freedom debt relief and I just had them settle with one of my creditors to keep them from suing me. Now I pay more to the Law firm and my Original amount owed was 4900.00 now with the settlement it is 6900.00 that is just one of my accounts, the rest haven't even been contacted that I am in this program. What a crazy rip-off does anyone know how to get out of the mess they have created for me, should I file bankruptcy or should I ride it out with them??
Ps I thought they could help me and when I started I was close to being behind in payments, but not yet, now it has ballooned into a huge mess.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.