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
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.
Few of the positive feedback about Freedom Debt Relief
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.
Few of the common complaints against Freedom Debt Relief are:
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.
They are accused of not returning client's money in case they have not been able to settle with a creditor.
BBB has refrained Freedom from working in California.
The kind of settlement they make is no better than what any individual could have done himself.
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.
Anyone who feels the need to get in touch with them may use the information provided below:
Contact details: 1875 outh Grant Street Suite 400 San Mateo, CA 94402
The number to contact them is (800)544-7211
I have been corresponding with them (freedomdebtre...
I have been corresponding with them (freedomdebtrelief.com) 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 - http://www.debtconsolidationcare.com/forums/attachments//freedom_debt_relief_955.pdf[/samebox:0d75c39e1c]
By signing up a debt 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 payoff 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.