| Debt Options Review |
 This is another company that gives you the option (hence the name – Debt Options) to choose between debt settlement and debt consolidation. This is becoming more and more attractive as it clearly shows that the business is interested in helping you with your debt by offering multiple ways in which it can be handled. This company also has a DBA as The Credit Counseling Foundation with a website of www.godebtfree.com. Quick facts about Debt Options: Founded in: August 2001 Years in Business: 8 Number of employees: Not disclosed. BBB Rating: B+ BBB complaints: Nine complaints in the last 36 months. These complaints were in the category of: agreeing to perform according to their contract, and one was unassigned. The BBB also states that the company did give proper consideration to the complaints. Free Information: On their website you will find good information on both debt settlement and debt consolidation. Escrow or Payment Plan Available: Monthly payments. Source of Funds: Your payments. Fee Structure: Not disclosed, but they state that the fee is based upon the total amount of debt brought into the program AND there is a fee for the number of creditors that are brought into the program, too. Avg Settlement: Not disclosed. Refund Policy: None given. About the Company 
This company is based in Fort Lauderdale, Florida and has a sister company called The Credit Counseling Foundation which offers that service as well. Beginning the Process Fill out the web form located on their website or call the toll-free number. Types of Debt Serviced Unsecured only. Worth Noting They offer both methods of debt reduction: debt settlement and debt consolidation which gives you more options. Program Caution and Your Responsibilities Be sure to ask about the fee structure and how it is figured. Know what you are required to do in order to stay current with them and work on paying off your creditors. Will Debt Collectors Still Call? They state that the calls should begin to “dissipate” once they begin to handle your accounts with creditors. Other Information The Credit Counseling Foundation is strictly a debt counseling company and therefore has different goals for those in debt. This means that the same underlying company has the ability to offer you three methods for debt reduction: debt settlement, debt consolidation, and credit counseling. This makes one wonder why they did not combine all three into one company like we have seen in the past. This makes it so much less confusing for the customers in knowing what their options are and to keep from being handed off from company to company. Related Articles: |
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