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

Straight and to the point, living up to your name. Have you checked freedomdebt.com reviews online? 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.

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

has anyone looked into the freedomdebt.com complaints?
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.

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.

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. There are several Freedomdebt.com 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

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!

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

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 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 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?

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.

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

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.

So True Guest, so true.

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.

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

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

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.

Don't fall for it. It's Freedom Debt Relief. The BBB says so. They go by multiple names. Do more investigating to see for yourself.

So you think switching the name around will fool everyone?....LOL.

sadly it probably does fool people because they dont research enough and end up here complaining how they got scammed.

I called the BBB and they said they are NOT the same as the relief company in CA- also different owners and different corporate names, different management, different website. Freedomdebt.com is a Texas S corporation and relief is a LLC in CA. That got to the bottom of it they are different compaines!

Has anyone ever heard of this company out of Hallendale Bch,
Florida? They are listed with the BBB.

Has anyone ever heard of this company out of Hallendale Bch,
Florida? They are listed with the BBB.

Again Freedomdebt.com IS freedom Debt relief. The BBB still says so. Go to the BBB and look up Freedomdebt.com. Notice Freedomdebt.com also has a AKA as Debt Freedom Inc. Then look up Freedom Debt Relief. Notice Freedom Debt Relief has a AKA as Debt Freedom Inc. too. Click on Debt Freedom Inc. and read away...............TaDaaaa!!!!!!!!!.

A little research can get you so far. But here you go. From the BBB:

Business Contact and Profile
Name: Debt Freedom Inc
Phone: (210) 520-2100 ext. 204
Fax: (210) 520-2196
Address: 6709 Bandera Rd
San Antonio, TX 78238-1438
Website: w w w.freedomdebt.com
Original Business Start Date: December 2002
Local Start Date: January 2004
Principal: Mr Jeremiah Martin, Co-Ceo
Customer Contact: Ms. Sheri Ramirez, Customer Service Contact - (888) 710-3328
TOB Classification: Debt Negotiation Companies, Credit & Debt Counseling, Credit-Debt Consolidation Services, Debt Adjusters
BBB Accreditation: This company is not a BBB Accredited business.
Additional DBA Names: Freedom Debt Relief,
FreedomDebt.com

I called the BBB again and they said they share a similar DBA but .com doesn't use that DBA anymore. She explained you may have gone to a town and seen a Resturant then gone to another town and seen a resturant with the same name, but they are not related. The BBB confirmed again they are seperate compaines. Any consumer can easily see this.

Oh Linda please stop it. Nothing is easily seen. That's the problem.

Go to the BBB. Any consumer can EASILY see I'm right. Spare us Linda.

Understand what DBA means:

Doing Business As (DBA) a Fictitious Business Name

A fictitious business name, assumed name, or DBA (short for "doing business as"), referred to as "trading as" in the UK, allows you to legally do business as a particular name at minimal cost, and without having to create an entirely new business entity. You can accept payments, advertise, and otherwise present yourself under that name. In fact, if you present your business under a name other than your proper legal name without proper notification, it may be considered fraud. Fortunately, filing for an assumed name is so easy and inexpensive, there's really not much excuse for not filing one.
Why would you want to file an assumed name? What does it let you do?
It allows you as a sole proprietor to use a business name rather than your personal name. In some places you can use either your full name or part of your name plus a description of your product or service without filing an assumed name, e.g., Elena Garza Interior Design or J. Washington Investigations. The exact rules vary from country to country and from state to state within the U.S., so check with your local business regulatory authority regarding your area. But if there's any implication that there are more people involved (Shawad & Sons, The Anderson Group, etc.), or if you just use the first name (Joe's Garage, Sam's Boat, etc.), you have to file an assumed name.
It also lets you use a typical business name without creating a formal legal entity (corporation, partnership, LLC, etc.). You can even open a business checking account and get a business phone listing for the name. For sole proprietors, this is the least expensive way to legally do business under a business name.
It allows a single legal entity (corporation, LLC, etc.) to operate multiple businesses without creating a new legal entity for each business. For example, if you are planning to operate a series of web sites, or a chain of bars, you might set up a corporation with a generic name, such as LVH Web Enterprises, Inc., or Neighborhood Bars, LLC, and then file an assumed name for each website or bar. Since there is significant expense in filing and maintaining a corporation, this helps control costs while still allowing you to expand your business.
How do you go about getting an assumed name?
In some U.S. states you register your assumed name with the Secretary of State or other state agency, but in most states, registration is handled at the county level, and each county may have different forms and fees for registering a name. Generally speaking, the process is fairly simple: you perform a search through their database to make sure the name is not already in use, then submit a simple form, along with the correct filing fee (anywhere from $10 to $50). Some states also require that you publish a notice in your local newspaper and submit an affidavit to show that you have fulfilled the publication requirement. Call your county clerk's office to find out the local fees and procedures in your area.
Laws vary significantly from country to country. For example, in the UK, there is no governmental filing process for the use of assumed names, but they are heavily regulated by the Business Names Act of 1985, which specifies where and how you must disclose business ownership. A private-sector initiative, The National Business Register, keeps track of current business names and help prevent duplication of names. Again, you'll have to check with your local authorities, as it would be impossible to cover every country here.
In addition to your own interests in filing an assumed name, keep in mind that the disclosure of actual business ownership is for consumer protection. Imagine doing business with a company, having a problem, going to file suit, and you can't find out who the actual owner is. You'd have to hire a private investigator.
Proper use of a fictitious business name can be a powerful branding tool at minimal cost. Take advantage of it: pick a great business name and then use it at every opportunity -- even every check you give and receive.

I hope this helps explain to everyone why they use facticious names. But it's obvious people in this industry use it to confuse you. Using legal tactics to do illegal things.

Ladies and Gentlemen go any debt settlement site that we know of and just read away. Most of these sites have the same EXACT writing word for word on them. It may take alot of time to do since they stopped the google cut and paste thing I use to do but the info is still the SAME. A lot of these company websites use the SAME marketing info on their sites. Don't use companies that do that.

Freedom Debt Relief's information is on a ton of other debt settlement sites. Different names SAME stuff word for word.

Testimonials also. They are shared on many different sites. Just look for yourself. Freedom Debt Relief's website info is shared among many different sites. Testimonials and all.

Debt settlement is a completely legal, logical, and ethical way to get out of debt as old as the concept of debt itself. The incentive for your creditors to settle a debt becomes clear once there is a possibility that they may collect nothing on the debt if you were left with no choice but to file for bankruptcy protection. Your incentive to settle is to avoid bankruptcy and to ethically discharge your debts. Once you are on the ???debt treadmill??? it becomes more and more difficult to step off. Eventually your minimum monthly payments will likely be going almost entirely towards interest. At this rate, you would finally pay the account off in about 30 years having spent ten times or more what you initially borrowed. We understand your predicament and the credit card companies have been counting on and profiting from it for years. Debt settlement can end the 30 year cycle and cut it down to 3 years or less.

Solicitation Deleted - Please refer to the TOS - ND

I wondered the same thing and found it actually states on freedomdebt.com's website they are not affilated with any other freedom company. I called and they told me the same thing. I think the BBB is a scam itself, but I checked the report and it states they do not use "relief," but that was apparently a dba they used in the past. I wonder if they got into a trademark issue, regardless they look like a solid company. Their BBB shows only 1 resloved complaint, that is far better than the other compaines i looked at.

I do not want to file BK and probably won't qualify for a chapter 7, I can't afford my payments, I don't want to deal with my creditors on my own, so I think this is the best option unless someone has another suggestion. I checked with credit counseling already and they quoted me a payment higher than what I am paying now!

I am a current client of FreedomDebt.com and yeah I was scared when I saw all of these other "Freedom" compaines online but I realized they are not the same. FreedomDebt.com uses lisenced attornies to settle my accounts. I enrolled Sept 2008 and they have settled my Bank of America account at 32% and on a Citi account at 48%. I really wish I didnt get into the debt mess and have to do this program, but this was the best and really the only option for me. At least it will be over soon.

My job deals with clients personal information and my boss fired the last person who filed BK. Of course he said it was for other reasons. There is no way I was going to lose my job if my employeer found out I was in a chapter 13 because the attorney said the trustee would actually "garnish" my wages to pay the 13 and I make too much to qualify for a 7.

Micheal

Any company that tries THIS HARD to lie to you is obviously a fraud. AND THEY KNOW THEY ARE, that's the key phrase. Lets see how many lies and bogus comments can they spread on this thread. Also, everywhere their is Freedom Debt Relief on a thread they are there putting up bogus testimonials and straight lies. Looks like another Hess Kennedy folks? Lie, lie, lie, lie and lie until they are forced to close down? Lets see.

TASC and USOBA have industry meetings every few months that discuss industry regulations and other topics concerning the debt settlement industry. Tom- why don't you go to one of those conferences? They are open to the public. With as much passion that you have against the industry, it would only make sense that you get information from the inside.

Well USOBA member why (WHY) would I want to go to any of those meetings? Don't know much about the USOBA but I SURE know that the TASC is completely BIAS and useless. And the leaders are COMPLETELY suspect. It's OBVIOUS those meetings on inductry regulations are worthless. If it was effective NONE of these companies would be sued. Cuomo would not be after them.

The net is all I need for full acurate info.

Hi webmaster! pih