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Is American freedom financial a good choice?

Date: Mon, 12/15/2008 - 15:16

Submitted by anonymous
on Mon, 12/15/2008 - 15:16

Posts: 202330 Credits: [Donate]

Total Replies: 5


We don't wish to go the dept settlement route and ran across this company who promises to reduce our unsecured credit card debt payment to roughly $500/mth from about $1,300 and pay it all off in 21 months. Sounds too good to be true. Does anyone have an opinion on this company?

Thanks in advance for any advice.


I dont know much about this company.There are lot of reputed firms working in this field. I can say from my experience that Freedom Financial Network works better in debt reduction with a goal of lowering debt levels. Their debt settlement program helped me to lower my monthly payment and also reduced my total debt.


lrhall41

Submitted by on Wed, 12/17/2008 - 08:53

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BBB Reliability Report for
American Freedom Financial


BBB Rating is F
F
Rating Explanation

Company Rating F
Our opinion of what this rating means:
We strongly question the company???s reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law???s licensing or registration requirements, their complaints contain especially serious allegations, or the company???s industry is known for its fraudulent business practices.
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Company Profile
American Freedom Financial
Address:
2401 East Katella Avenue, Suite 200
Anaheim, CA 92806
Tel: (714) 941-5600
Fax: (877) 513-7872

?? See more photos on TrustLink
Web Site:
Contact: Aaron Mcathy - President
Business Start Date: 12/10/2008
Company ID: 100076188
Nature of Business:

This company's business is providing financial education and referal services.

BBB Comments & Analysis

Bureau's Comments and Analysis of Company's Business:

Our experience with debt negotiating companies is that they attract customers with large credit card debt by claiming to be able to settle those debts for a fraction of their face value. They often claim that their services are more effective than those provided by credit counseling services and that they are a superior alternative to bankruptcy.

These companies usually instruct their clients to stop paying their creditors. Some companie... ??More
Licensing

Agency: :lol:


lrhall41

Submitted by on Mon, 06/15/2009 - 15:58

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they are CCS consumer credit counseling and will find a credit card that you have a high amount to charge up to put their fee's on.. they will put you on hold then come back and say.. congrat's b of a has let us put $1500 on your cc card, but don't worry we will negotiate that.. they are backed by banks which have low pre-negotiated rates in their system.. I used to work for them.. they are a total scam outfit.. read your BBB
buyer beware..


lrhall41

Submitted by on Fri, 03/12/2010 - 15:36

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