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minersman · #1 07-31-2008, 11:22 PM

freedomdebt.com is the company any good or what?

#2 08-01-2008, 09:39 AM

Straight and to the point, living up to your name. Have you inquired about good standing withthe BBB (although I do not place any weight onthe BBB, but it helps).

Checked this company out with the state banking division in oyur stae, are they licensed to provide debt adjustment in your state?

How much in fess have they quoted you?

These and more are question if you get answers to that will help you determining if freedomdebt.com is the right company for you.

Have you looked into settling your own debt and saving money? Just another option.

#3 09-03-2008, 01:42 PM

We recently signed up with Freedomdebt.com after seeing them on a national news show. They just settled one of my Capital One cards for 34%, so I am pretty impressed so far. I checked them out and they have a good reputation. Some of the other compaines we looked at did not. They only accepted me because I have a hardship, but my payment is less than half of what I was paying direct to the credit card companies

#4 09-03-2008, 05:58 PM

has anyone looked into the complaints against them.
I don't know what to suggest here. I've tasted the waters with 3 different companies already and did nothing but wasted time and money. The first company wanted a monthly maintainance fee of $49/ month - way too high. The second company said they could waive off 50% of my debts, and I sent them all my info. Read the paperwork and found they were just bluffing it all the way. Even their paperwork said they would charge me much more than what the rep told me over the phone. These companies think we're stupid.

I've been with DebtPointer since 5 months now. I still keep checking the blogs about them, and I've never found anything negative about them. My rep - Steve, was very helpful. Explained all the benefits and negatives of the program upfront, and the paperwork was exactly what he mentioned. Infact, he explained it so well that he even taught me how to calculate my payments. I would suggest call him before you enroll anywhere else (if you have to) His number - (800) 600-2003 ext 2015. They are with BBB, USOBA, TASC, IAPDA and have many more accreditations. Check em out.

Hope this helps.

Jerry H.

#5 09-03-2008, 06:06 PM

I don't know what to suggest here. I've tasted the waters with 3 different companies already and did nothing but wasted time and money. The first company wanted a monthly maintainance fee of $49/ month - way too high. The second company said they could waive off 50% of my debts, and I sent them all my info. Read the paperwork and found they were just bluffing it all the way. Even their paperwork said they would charge me much more than what the rep told me over the phone. These companies think we're stupid.

I've been with DebtPointer since 5 months now. I still keep checking the blogs about them, and I've never found anything negative about them. My rep - Steve, was very helpful. Explained all the benefits and negatives of the program upfront, and the paperwork was exactly what he mentioned. Infact, he explained it so well that he even taught me how to calculate my payments. I would suggest call him before you enroll anywhere else (if you have to) His number - (800) 600-2003 ext 2015. They are with BBB, USOBA, TASC, IAPDA and have many more accreditations. Check em out.

Hope this helps.

Jerry H.

#6 09-23-2008, 10:51 AM

Freedomdebt.com is a scam. These idiots didn't even take the time change up the testimonials. The same ones are on EquiStarDebtSolutions.com. Just google and see. Freedomdebt.com has complaints on Rippoff.com. I would surely stay away from them. I can't believe these mopes are in here trying to steer people to their SCAM. Their ABOUT US statement is on DebtHelpMadeEasy.com and Freedom Debt Relief.com word for word. These companies are also apart of the TASC. These association are scams. All these fakes sites are for the most part members of these association. And I already exposed Debt Pointer.

Stay Away

#7 10-03-2008, 03:09 PM

I am a current client of freedomdebt.com. They are not a scam, if they were, they wouldnt be featured on all the news shows around the country that they are on. They have been around for a while and their reputation is very good. I heard of them on a national news show where they are frequent guests. I wanted to keep my credit report good, but just couldn't pay my debt off and this was the best option. They just settled a cap 1 account that was about 8000 for under 3000 dollars!. They also settled a small MNBA account I had for less than half of what I owed. I do still get some calls from creditors, but most have stopped. I think I will be completly out of debt in another 20 or so months, what a relief!

Certified Debt · #8 10-05-2008, 01:25 PM

If you would like to get out of debt sooner, you owe it to yourself to investigate Certified Debt, LLCâ€™s program of attorney negotiated debt settlements. Use our inquiry form for a free, no-obligation debt analysis that will quickly determine if a negotiated debt settlement will work for you.
Debt Settlement

girlndebt · #9 10-05-2008, 04:48 PM

Last year I asked myself the very same question-what do I do about this debt? I went online and somehow ended up here in this awesome community. What I have learned so far is that most of these companies are scams or make nothing but empty promises. I almost and I say almost signed up with a company but stopped after reading mixed reviews. I am sure glad I did because it turned out to be another SCAM!

I stopped paying all my credit cards last December and from then until now, I have been offered settlements from almost every single one of my creditors. I knew NOTHING about credit or debt settlement but learned about it by spending countless hours reading about it online.

Now I am not saying that EVERYONE will have the same luck as me-there is ALWAYS the chance of getting sued or not getting settlements but it is no different than going with a debt settlement company.

I will not down all companies here because there may be some good ones out there but why pay them if you can do it yourself?

#10 10-06-2008, 07:54 AM

Why even address the surrogates for companies in here. Freedomdebt.com equals scam. Just look for yourself and google away.

girlndebt you can not be MORE right. What kind of law degree do you need to settle your own accounts?......NONE. Why would need a lawyer unless you are going to court for something? Learn how to do it yourself. They do exactly what you would do anyway but charge you a fee for it.

#11 10-10-2008, 05:27 PM

I am also a client of FreedomDebt.com and their program is working just as they claimed. They settled 3 of my accounts already and I have been with them one year. I looked on google and there is nothing negative directed at them- in fact i found a lot of news clips featuring their cofounders and their celebrity spokesperson- who was previoulsy a talk show host, actor, comedian Tim Wilkens.

I checked their BBB report and it's the best one I have seen when looking at other debt settlement companies. NOT A SCAM,or they would have lots of complaints. They are a very big company. If you can't pay off your credit card debt, do like i did and do yourself a favor talk to freedomdebt.com!

I am glad i did! I thought about doing this myself, but A. the creditors would want a lump sum payment which i don't have (i can make the much lower monthly payments the freedom set up for me. And B. even with their fees, they can save me alot more money.

Martha Martinez

#12 10-10-2008, 06:18 PM

I worked in the credit industry for over a decade in the collections department. All settlement companies are a total waste of money. All a settlement company does is send out mass cease and desist letters to your creditors over and over again. They collect the funds you pay them every month and let your accounts get far enough past due that the companies are willing to settle them. Consumer debt will charge off the last business day of the month that it goes 210 days past due. Most credit card companies systems will start auto generating settlement offer letters once you go past 120 days delinquent. Days delinquent being the number of days since your last bill printed in which you were current, not days since the due date that you missed. I have seen tons of accounts settle for 30%, 20%, maybe less once they start nearing 150 days past due+. All you need to do is set that dollar amount in an account every month. Once you get far enough past due - everyone offers settlements.

Not to mention if your cards are not with collections agencies - if they are still being collected by employees of the actual bank, ie citibank, discover... they don't have to honor cease and desist requests - so you will still get a ton of phone calls every day.

There is NO reason EVER to pay someone to negotiate a settlement for you. Those companies have no more power or leverage to negotiate than you do - and many companies will actually refuse to negotiate a settlement with anyone but the cardholder.

I know they spend thousands of dollars airing commercials with statements like "there are secrets the credit card industry doesn't want you to know" but there really aren't secrets. Let your account get far enough past due and they will negotiate nearly anything to avoid it charging off. It's not that complex. That is all those companies are doing. Do it yourself for free.

#13 10-14-2008, 01:19 PM

So True Guest, so true.

#14 10-16-2008, 03:44 PM

Just about all creditors will settle. The advantage with a (REPUTABLE) debt settlement compay is that they do the work for you and can often get better settlements. The big ones may negotiate in bulk (example negotiate multiple cap 1 acounts amounting to several hundered thousands) and so even with their fees you may save alot of money since it saves the collector a lot of hassle.

If you are a plumber or able to do the work- then you might save money fixing own broken pipes- but if not, hire a professional.

Let me spell it out- if you a creditor was willing to settle a debt directly with you at 60%, but a debt settlement company was able to settle it at 30%, even with a fee of 15%, your 15% ahead!!

Something else this "collector" above isn't saying is when a creditor settles, they want the full lump some NOW. Not in long term payments. A debt settlement company will help you set up a relatively short term payment plan with payments you can affort.

If you can manage your own debt, do it, but if you are in trouble and need to get out of debt as quickly and as comfortably as possible, call a professional

As far as freedomdebt.com, I am not in debt and I haven't used them, but after looking them up and seeing them all reputable news and other media, I would look into that company. I'm sure there are other good companies though, but be careful, there are a lot of bad ones.

One last thing creditors will always tell you to stay away from debt settlement compaines- even though they settle with most of them, they cut into the credit card companies profits.

no.1nailgirl · #15 10-16-2008, 07:07 PM

So girlndebt, are you accepting the settlements or are you continuing toward BK? Are they letting you make payments IF you are accepting...

yona1970 · #16 10-17-2008, 04:01 PM

Guys

What's the address of the FreedomDebt company on this site? When I pull the BBB site, I find that there are a dozen or so Freedomdebt's, and no BBB score. Would someone kindly tell me the address of the one that's reputable? Unless, they are all the same, even though they have different addresses?

Thank you much, guys