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

Is freedomdebt.com expensive?

go to freedomdebt.com- they are nationwide. You can also see them on the national tv show every wed called the Daily Buzz (streamed from the website at dailybuzz.tv 6AM-9PM). I joined the program after seeing them on TV for several months. Most other compaines just run commercials- and with the other ones, you never see anyone from the company and never know if they are just a scam. Freedomdebt.com only has 1 resloved complaint- that is VERY VERY good for a company of their size.

There really isnt a cost because they are all rolled into the payments and settlements. The fees they are charging me are 15% of the total debt, but if they settle for 40 cents on the dollar- then I only pay 55% vs 100% plus fees AND interest with credit counseling. I was in credit counseling- it RUINED my credit and plus my payment is half with freedom d. Sure beats BK which i tried to file but couldnt qualify for a chapter 7

hey tom 123, what are you talking about, i didnt find anything negative about freedomdebt.com on the web except for your bs

Then you obviously didn't look. It's all on the BBB about this company. Complaints of complaint board. The question is who is the parent company of freedomdebt.com? I know the answer but why don't you do some more investigating to find out. Every company that is a scam will not have negative info on them until they scam a lot of people. I guess freedom has reached their quota and now people are upset. And learn to read my so called BS as you put it. Did you try the cut and paste thing. It might be too late to try that. They read this you know so they might have made it hard to do that now. Better yet learn to read their site.

Put the pieces together and let me know what you come up with.

Gosh, I am so sorry for the late reply (only a month later, lol). I did not get an email that this subject was still being replied to. I happened to look it up! Guess I am gonna have to go though all my threads now.

To answer the question no.1nailgirl, I am not accepting any settlements. Not because they aren't good offers but due to the current economic conditions...we are basically just trying to survive. Between my husband and I, we have 22 creditors and not little ones either. If we had enough money left over after the basics, heck yeah I would settle! The problem is-we don't- and with the way things are right now, I really don't anticipate having a couple extra thousand bucks to settle with my creditors. Again, I owe over 100k so it is a little harder. I know a lot of people owe a lot less and can do it. We just can't. That is why we have chosen to file BK.

did you qualify for a chapter 7?

We went with freedomdebt.com because our attorney could not gurantee we would qualify for a chapter 7 (eliminates debt) and wanted to put us in a chapter 13 repayment plan for 3 to 5 years because our income is ok. THe payments are a little more than half of what we were paying, still tough, but we can manage with some better budgeting. They have settled 3 of our accounts. I have about a year left on the program.

Yes, it is sad to say we passed the means test with no problem so we qualified for Chapter 7. Some people would be happy with that but to us it was a wake up call. We need to make more money and never be in this position ever again.

I will be honest though, every time I get a settlement letter in the mail, I wish I had the money to settle. That was always my first choice. I know settlement can work for most people. I get the letters, I see the offers and so does my husband who at first thought debt settlement was not possible. I also see how creditors will give 1 person a great offer and the other a not so good one because it happens in my own home. My husband and I have a lot of the same creditors but get totally different offers sent to us.

Whatever route anyone chooses, I wish them the best. If freedomdebt works for some people-great. If some people choose to do it on their own-great. I just think if it can be done on your own-why pay someone else to do it?

Lynn, congrats on your progress so far.
Good luck to anyone in their debt settlement journey.

I agree, my husband is a mechanic so when our car breaks he can fix it while most people have to take their car to a shop.

We know very little about dealing with credit card companies which is why we enrolled in FreedomDebt.coms program. They are already getting us settlement offers, but we just joined and have to accumulate more funds to pay off the creditors, but i think we will be done with the program in 2 and a half years... Our rep disclosed all the facts about debt settlement, and the good far outweighed any negatives.

Freedomdebt IS Freedom debt relief and they are going down FAST. Just check the BBB for any info on them. That one time good rating is now a F. As I keep saying, just because the BBB gives them a good rating does not mean that the company is legit. You need to look for COMPLAINTS. If they have a lot then you know your answer of the legitimacy of the company.

I was looking around and there are a lot of freedomdebt companies. Freedom Debt Management, Freedom Debt Solutions, etc etc. I ran into several compaines after looking up freedomdebt.com and freedomdebt.com is NOT related to any one of those compaines, including Freedom Debt Relief. It is easy to get confused as so many compaines are now in this business with the bad economy.

I went with freedomdebt.com because they have been in business since 2002 and have no unresloved complaints whatsoever.

Some of the other compaines out there have terrible reputations- i found an article discribing how the same mortgage people that screwed us a few years ago are now getting into this business.. Go with a reputable company and not one of these shady new companies you see on the internet or running tv commericials

I only found one resloved complaint with freedomdebt.com, and i know they are a big company so I am VERY impressed, but what people don't consider with the BBB is that you have to PAY the BBB to be a member. I owned a small business and I didn't have it in my budget to pay their high fees. The BBB itself is a business!!!

Also the amount of complaints might not matter, its if they resloved them or not. A big company is going to get a LOT of complaints even if they do everything right... there is always that 1% of customers that are never happy no matter what. Doesn't matter what you sell or service you provide

Don't be fooled by complaints, if they are resloved that means either the client is happy with the results or the very least the company made good effort to reslove it.

I would question a business that didnt have any complaints whatsoever (are they even really in business?)

I am an employee at freedomdebt.com. It is true that freedomdebt.com is not related to other "freedom debt XXXX " compaines. We have had some clients think a totally different company was us and got screwed. It's easy, if you are looking for freedomdebt.com, type in freedomdebt.com in your browser! Most of the people who went with another company and thought it was us was because they typed it in under say "google search" or another search where a 100 other compaines advertise on our keyword because so many people are searching for us. This is how a lot of shady compaines advertise.

Also important to note, most of the compaines you see on TV are not real companies, when you call them they just sell your info for a fee to the highest bidder or even to several compaines. It's legal, but its a legal scam.

using a debt settlement company can be a very useful tool. I know i used one personally. But one must do thier homework thoroughly. dont just look at your first google search and be satisfied. look in many different phrases, (stay away from x company or should i use x settlemnt compnay, or I used x company, x company worked for me or x company is a scam. take a few days to make calls spend time in forums.

check out the bbb, and tasc, and see what for info is on thier site. it took time to get into debt. do yourself a favor andtake atleast a week to research the company you are considering. the debts not going away anytime soon. and if you choose a bad company you are going to make your situation even worse

Their main office is in San Antonio

i think the main thing to look for is that the issues are resolved. Forget the rating because im hearing its not accurate but it can still be used to consider a settlement company by looking at resolved issues. Dont be too conserned about complaints just mainly if they were resolved or not. Settlement is a crappy business that has people sign up every day im sure not knowing exactly what they are getting in to and then are angry when it dont work the way they think it should. If all complaints are resolved that means the company did as promised which is what is important.