Hello all, I am in a situation that I assume many of you have been in. I am in debt and am trying to comb through the debt settlement web to find the best company, ie. reputation, complaints, customer service and fees. I have two that I have been in contact with regularly, Freedom debt relief and Liberty debt management. One says the other may not be trustworthy because of the low fee being charged 9% the other says that the companies promise of helping with credit repair is not accurate. How can I find a company that is reputable and I will not lose out of the money that I initially invest. I am scared of being in a worse position then I am right now because I made the wrong company choice. Thanks all for your responses. Sandor

Welcome to the Community Sandor You are wise to be wary when considering debt consolidation companies. There are alot of good ones, and some that will get you in more trouble. Here is a link for a Ranking Chart on this site that goes state by state at http://www.debtconsolidationcare.com/american/ Click on your state and see what comapanies are there. You can also check out the companies with the BBB to see their record. Did you sign up on this site for the free consultation? If so, Someone from your area will get in touch with you to discuss possible options you may have, including consolidation. Feel free to ask questons, you aren't alone, and we are here to help..KAren

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Thanks for the info. I am very weary of this but my situation leaves me no alternative other then bankruptcy. I will review the information and go from there. Thanks Again and good luck, Sandor

To be frank, Freedom and Liberty are fine, but may not be a big help for you if you have difficult creditors like Citi, Discover, Amex. At our collection company, we found these creditors and others to be difficult in accepting settlements. I don't think things have changed much recently, so you may want to look into a company like forgetadebt.com or SDF to see what their impressions of your account are.

Good luck.