| Freedom Debt Relief Review |
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That is bad enough, but there is also the fact that they have almost 200 complaints against them with the BBB. And, there apparently is government action against them as well. Whenever the government has to step in, it is a sign that they are a company to stay away from because even if the charges are not true, the government can force the business to shut its doors which leaves all customers without any help from them whatsoever. Proceed on your own with this company. Quick facts about Freedom Debt Relief: Founded in: December 2002 Years in Business: 7 Number of employees: 133 BBB Rating: F BBB complaints: 191 in the last 36 months. There are many complaints in multiple categories that include: advertising issues, billing or collection, contract issues, customer service, delivery issues, guarantee or warranty, product issues, refund or exchanges, sales practices and service issues. To their credit, 181 of these were resolved and 10 were administratively closed. It is clear that they are not completely ignoring them. Free Information: You can get information about their program at their website www.freedomdebtrelief.com. Escrow or Payment Plan Available: Monthly fee goes into an account that you own and manage, but their fees are withdrawn from this account on a monthly basis, too. Source of Funds: Your monthly payments. Fee Structure: They charge 15% of your total indebtedness that you enroll in the program. There is also a monthly retainer fee which is paid to them over the first 3 or 4 months, and then a service fee that is paid over the following 15 months. Then your regular contribution to your account is used to accumulate in order to make a settlement to your creditors. Avg Settlement: Not disclosed. Refund Policy: Not given. About the Company 
This company has several states that have lawsuits against them for violating certain laws concerning the regulation of debt settlement companies. California, Delaware, Colorado and Rhode Island are the states that have litigation pending against them. Beginning the Process Call their toll-free number or fill out the form on their website. Types of Debt Serviced Unsecured only. Worth Noting They do not require you to pay their fee up front in this process. It is clearly stated that the fees are part of your monthly payments. Program Caution and Your Responsibilities Read any agreement thoroughly before you sign up for this or any other debt settlement company. Will Debt Collectors Still Call? Yes, but they try to get them to stop. Other Information They state in passing that they work with your creditors via a limited Power of Attorney that they require in order to make debt settlement offers on your behalf. This seems a little extreme and is something to be concerned about as well. Related Articles: |
This company
has several names under which they operate: Freedom Financial Network, Debt
America, Debt Resolution Partners, Freedom Debt Relief USA and Century
Negotiation. It is generally considered a bad omen if a debt settlement company
has more than one name or has changed their name. This can signify that they
have had problems with the Better Business Bureau over complaints and are
attempting to operate under a different name in order to hide this fact.| < Prev | Next > |
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