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Freedomdebt.com - Do consumers review them as a good company?

Debt Freedom Inc. (Freedomdebt.com) is a debt-relief company that offers settlement assistance to consumers. There are many consumers who have claimed that they benefited from the service of this debt settlement company. Many consumers who have participated in the DebtCC community have stated that Debt Freedom Inc. is a good company to deal with and they do deliver what they promise.

Does this company really help people with their debts?

Consumers have claimed that the company indeed helped them in settling the debts with their creditors conveniently. Some of the positive feedback shared by the consumers in the DebtCC forums are as follows:

  • They assist in repaying debts: A consumer says that Debt Freedom Inc. (Freedomdebt.com) is not a scam company. They have good reputation and they are regularly featured on TV news shows. According to him, a scam company would never have been featured on a news show. He adds that he got enrolled in a debt settlement program with the company and got positive results. The company successfully settled his $8k CapitalOne account for just $3k. They also settled another account for less than half of what he owed. The company was also able to stop harassing calls from creditors to a great extent. Find more.
  • They charge reasonable fees: Another consumer says Debt Freedom Inc. (Freedomdebt.com) does not charge outrageous fees from customers. He says that they roll the fees into payments that are convenient for consumers. He says that he had to pay Freedom almost half of what he was previously paying a credit counseling agency. So, it helped him save dollars. Check out more on this.

Most of the consumers have good experience of dealing with this settlement company. However, with so many scam companies out there in the market and the number of debt-relief frauds growing at an alarming rate, it is important to take precautions before choosing a settlement company.

Things to remember before signing up with a settlement company

Take a look at the points below to know what things to keep in mind before getting help from a debt settlement company:

  • Check company's credentials: The first thing you should do before signing up with any settlement company is to check their credentials. Check the company's records with the BBB and the State Attorney General's office. Find out consumer feedback about the company and the types of complaints against them.
  • Insist on written agreement: Always get the agreement in writing. Do not believe in any verbal agreement. These do not have any legal validity. When you have everything in writing, you have the opportunity to take legal action in case the company violates the agreement.
  • Make sure your money is safe: Make sure the trust account where you are going to make your monthly payments is insured by FDIC. This is to ensure that you do not lose your hard-earned money due to bank failure or any other reasons.
  • Beware of unrealistic promises: Use your common sense and do not fall prey to unrealistic promises. Many settlement companies promise a lot, but deliver none. Thus, think several times before choosing a company that makes too-good-to-be-true promises, because chances are that it could be a scam company.
  • Keep your account details safe: Do not provide your bank account details to the settlement company. If it is a scam company, it can rip you off your savings.
  • Check if you'll be refunded: Get it in writing from the company if they are going to refund you just in case you wish to discontinue with the settlement program.
  • Keep relevant documents ready: You should also keep the relevant financial documents and bills handy. This will help the settlement company to know your exact financial situation and work better on your behalf to settle the debts.

New Act to protect consumers from unfair debt settlement practices

A new legislation, known as the Debt Settlement Consumer Protection Act, has been introduced by Senators Charles E Schumer and Claire McCaskill on April 28, 2010. This new legislation is aimed at protecting consumers from unscrupulous settlement companies. It has the following key features:

  • It requires the settlement companies to provide meaningful written disclosures to consumers.
  • It limits the fees charged by these companies for their service.
  • It needs the companies to inform consumers about their right to claim refund if they decide to discontinue with the settlement program.

The legislation also empowers the Federal and State authorities with additional enforcement rights to crack down on settlement companies engaged in unfair business practices.

freedomdebt.com is the company any good or what?...
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freedomdebt.com is the company any good or what?




Straight and to the point, living up to your name. Have you checked freedomdebt.com reviews online? Have you inquired about good standing withthe BBB (although I do not place any weight onthe BBB, but it helps).
Checked this company out with the state banking division in oyur stae, are they licensed to provide debt adjustment in your state?
How much in fess have they quoted you?
These and more are question if you get answers to that will help you determining if freedomdebt.com is the right company for you.
Have you looked into settling your own debt and saving money? Just another option.

Sub: #1 posted on Fri, 08/01/2008 - 22:09

Unregistered


We recently signed up with Freedomdebt.com after seeing them on a national news show. They just settled one of my Capital One cards for 34%, so I am pretty impressed so far. I checked them out and they have a good reputation. Some of the other compaines we looked at did not. They only accepted me because I have a hardship, but my payment is less than half of what I was paying direct to the credit card companies

Sub: #2 posted on Thu, 09/04/2008 - 02:12

Unregistered


has anyone looked into the freedomdebt.com complaints?
I don't know what to suggest here. I've tasted the waters with 3 different companies already and did nothing but wasted time and money. The first company wanted a monthly maintainance fee of $49/ month - way too high. The second company said they could waive off 50% of my debts, and I sent them all my info. Read the paperwork and found they were just bluffing it all the way. Even their paperwork said they would charge me much more than what the rep told me over the phone. These companies think we're stupid.
I've been with DebtPointer since 5 months now. I still keep checking the blogs about them, and I've never found anything negative about them. My rep - Steve, was very helpful. Explained all the benefits and negatives of the program upfront, and the paperwork was exactly what he mentioned. Infact, he explained it so well that he even taught me how to calculate my payments. I would suggest call him before you enroll anywhere else (if you have to) His number - (800) 600-2003 ext 2015. They are with BBB, USOBA, TASC, IAPDA and have many more accreditations. Check em out.
Hope this helps.
Jerry H.

Sub: #3 posted on Thu, 09/04/2008 - 06:28

Unregistered


I don't know what to suggest here. I've tasted the waters with 3 different companies already and did nothing but wasted time and money. The first company wanted a monthly maintainance fee of $49/ month - way too high. The second company said they could waive off 50% of my debts, and I sent them all my info. Read the paperwork and found they were just bluffing it all the way. Even their paperwork said they would charge me much more than what the rep told me over the phone. These companies think we're stupid.

I've been with DebtPointer since 5 months now. I still keep checking the blogs about them, and I've never found anything negative about them. My rep - Steve, was very helpful. Explained all the benefits and negatives of the program upfront, and the paperwork was exactly what he mentioned. Infact, he explained it so well that he even taught me how to calculate my payments. I would suggest call him before you enroll anywhere else (if you have to) His number - (800) 600-2003 ext 2015. They are with BBB, USOBA, TASC, IAPDA and have many more accreditations. Check em out.

Hope this helps.

Jerry H.

Sub: #4 posted on Thu, 09/04/2008 - 06:36

Unregistered


Freedomdebt.com is a scam. These idiots didn't even take the time change up the testimonials. The same ones are on EquiStarDebtSolutions.com. Just google and see. There are several Freedomdebt.com complaints on Rippoff.com. I would surely stay away from them. I can't believe these mopes are in here trying to steer people to their SCAM. Their ABOUT US statement is on DebtHelpMadeEasy.com and Freedom Debt Relief.com word for word. These companies are also apart of the TASC. These association are scams. All these fakes sites are for the most part members of these association. And I already exposed Debt Pointer.
Stay Away

Sub: #5 posted on Tue, 09/23/2008 - 23:21

Unregistered


I am a current client of freedomdebt.com. They are not a scam, if they were, they wouldnt be featured on all the news shows around the country that they are on. They have been around for a while and their reputation is very good. I heard of them on a national news show where they are frequent guests. I wanted to keep my credit report good, but just couldn't pay my debt off and this was the best option. They just settled a cap 1 account that was about 8000 for under 3000 dollars!. They also settled a small MNBA account I had for less than half of what I owed. I do still get some calls from creditors, but most have stopped. I think I will be completly out of debt in another 20 or so months, what a relief!

Sub: #6 posted on Sat, 10/04/2008 - 03:39

Unregistered


If you would like to get out of debt sooner, you owe it to yourself to investigate Certified Debt, LLC's program of attorney negotiated debt settlement. Use our inquiry form for a free, no-obligation debt analysis that will quickly determine if a negotiated settlement will work for you.

Sub: #7 posted on Mon, 10/06/2008 - 01:55

Certified Debt Certified Debt

(Posts: 3 | Credits: 0.77)

Last year I asked myself the very same question-what do I do about this debt? I went online and somehow ended up here in this awesome community. What I have learned so far is that most of these companies are scams or make nothing but empty promises. I almost and I say almost signed up with a company but stopped after reading mixed reviews. I am sure glad I did because it turned out to be another SCAM!

I stopped paying all my credit cards last December and from then until now, I have been offered settlements from almost every single one of my creditors. I knew NOTHING about credit or settlement but learned about it by spending countless hours reading about it online.

Now I am not saying that EVERYONE will have the same luck as me-there is ALWAYS the chance of getting sued or not getting settlements but it is no different than going with a settlement company.

I will not down all companies here because there may be some good ones out there but why pay them if you can do it yourself?

Sub: #8 posted on Mon, 10/06/2008 - 05:18

girlndebt girlndebt

(Posts: 151 | Credits: 57.73)

Why even address the surrogates for companies in here. Freedomdebt.com equals scam. Just look for yourself and google away.
girlndebt you can not be MORE right. What kind of law degree do you need to settle your own accounts?......NONE. Why would need a lawyer unless you are going to court for something? Learn how to do it yourself. They do exactly what you would do anyway but charge you a fee for it.

Sub: #9 posted on Mon, 10/06/2008 - 20:24

Unregistered


I am also a client of FreedomDebt.com and their program is working just as they claimed. They settled 3 of my accounts already and I have been with them one year. I looked on google and there is nothing negative directed at them- in fact i found a lot of news clips featuring their cofounders and their celebrity spokesperson- who was previoulsy a talk show host, actor, comedian Tim Wilkens.
I checked their BBB report and it's the best one I have seen when looking at other debt settlement companies. NOT A SCAM,or they would have lots of complaints. They are a very big company. If you can't pay off your credit card debt, do like i did and do yourself a favor talk to freedomdebt.com!
I am glad i did! I thought about doing this myself, but A. the creditors would want a lump sum payment which i don't have (i can make the much lower monthly payments the freedom set up for me. And B. even with their fees, they can save me alot more money.
Martha Martinez

Sub: #10 posted on Sat, 10/11/2008 - 05:57

Unregistered


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