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

DGK,
Being concerned about the credit rating is a bit of a diversion.
Your credit report only truly begins to improve after the majority/all accounts are reported as zero balance owed.

I suggest your concern is better focused on getting through a 36 month program without getting sued.
Risk of litigation when going the settlement route is quite real.
The risk increases exponentially after 12 months of nonpayment.

To guest reply in #65: Thank you so much for letting me know what to be aware of. -DGK

The risk of a suit is real, but very rare. Freedom explained that under 2% of accounts persue legal action and if they do, they almost always make arrangments with the account. They either focus on and settle that account first- though it might be 60% rather than 40% or set up a payment plan reslove it. I liked an analogy they used that if you are sick and take a medication, it could have a side affect, but it's unlikely. The only way for most people to pay debt off with no pain and no side affect is to win the lottery LOL. Thanks Obama for giving the banks a bail out and not us hard working Americans struggling- All we get is higher interest rates from the credit cards and more taxes! FreedomDebt.com is the way to go other than BK or consolidation. I wish I had the money to just pay off my debt but I was stupid and spent all of my savings and even withdrew my 401K to make min payments which was all interest. I wish I knew about this program long ago. I don't trust the BBB because they charge compaines for a better rating, but I checked their report and I was impressed they have only 1 complaint that they resloved. Some of their competitors have several hundered complaints so there are obvioulsy some good guys and some bad guys out there so watch out!

Just read your message. Now think about it. Anyone can have a TV show if they pay for it. Its a no brainer. Just because this company can afford to be on TV does not automatically make them creditable. Also they require a ton or personal info that is no necessary . I have no one calling me about my bills. But I am over my head in debt. I would never send anyone such sensitive information about my credit cards , Unless I first do my homework on the company in question. I have been scammed before from companies who are on TV and sell their books , then I get a phone call and they suddenly want a lot of money to do what they claimed the book said it could do for $29. There is No secret information that only those with money can obtain.

I checked out freedom after seeing them featured on a couple TV shows and their spokesperson was very informative. After resaerching, I found out they have been around since 2002 and virtually no complaints. I checked with some of their competitors that I have run commercials on TV and when I called, I got transfered to another company. I found out they are just marketing companies selling the calls to shoddy debt help companys. Most of these companys had only been in business a few months! I am going with freedom, their fees are lower than the competitors too because the other companies charged monthly fees and settlement fees in addition to 15% of the total debt. I guess that's one reason they have such a good track record.