Debt Free Destiny

We like it when a debt settlement company reveals their fees on their website. To our way of thinking it shows that they are not afraid to be compared to others in this business and they are not ashamed of what they charge. They think they are worth it, and it may well be true. It beats all of the others as a reason to do business with them in our estimation.

Quick facts about Debt Free After All:

Founded in: February 2005

Years in Business: 4

Number of employees: Not disclosed.

BBB Rating: F

BBB complaints: Eight complaints in the last 36 months is not overly high, but there is one which is unresolved. These complaints fall into the categories of: billing and collections, contract issues, customer service, and refund or exchange issues.

Free Information: They supply a good amount of information on their website and via their toll-free number.

Escrow or Payment Plan Available: This is not clearly stated.

Source of Funds: Your monthly payments.

Fee Structure: Their 25% fee is based upon the settlement amount that they obtain from your creditors. If you have debt of $10,000 and they are able to get that down to $4,000 then their fee is 25% of the $6,000 savings which equals $1,500. The benefit of this fee structure is that they will work harder to get a lower settlement amount so that their fee goes up.

Avg Settlement: Not disclosed.

Refund Policy: None given.

About the Company

This debt settlement company is based in Manchester, Missouri, which is in the St. Louis area.

Beginning the Process

Call their toll-free number or fill out their web form on their website.

Types of Debt Serviced

Unsecured only.

Worth Noting

As previously mentioned, their disclosure of their fees is an inviting reason for which to consider doing business with them. They appear to be opened and indeed, inviting in their scrutiny of their business.

Program Caution and Your Responsibilities

You must be cautious with any debt settlement company and make sure that you read and adhere to any contracts and agreements on which you place your signature.

Will Debt Collectors Still Call?

They claim (correctly so) that no company can make the calls stop, but they send letters out stating that they are acting on your behalf in order to be able to make a settlement offer.

Other Information

The reason for the “F” rating on the Better Business Bureau website is because of the 8 complaints and the one unresolved issue that is outstanding. Does this mean that they are a bad choice with which to do business? Not necessarily. We believe that from the information that we have gleaned makes them a company that you should contact in order to see if there is a fit in performing debt settlement activities for you.