Freedom Debt Relief-Freedom Debt Relief Company
In this video I cover 3 distinct things you need to be aware of if you are looking for Freedom Debt Relief as an option to handle your credit and debt problems.
#1 Freedom Debt Relief specializes in Debt Settlements – attempting to see if the creditor will take less than what is owed
#2 Ruins your credit report nearly as severe as bankruptcy but without the clean start
#3 Charges you a large amount up front and monthly and at the end you will still receive a 1099 if the creditors do agree to take less than what is owed on the debt
Warning About Freedom Debt Relief- Warning Freedom Debt Relief
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Freedom's 20 percent becomes 65-70 percent after their fees. You could do better on your own, I would expect.
Thank you for info.
Thank you Terrence. I came on your channell to find out more about Freedom Debt Relief and thank your for the information. I signed with them a month ago and they are taking $340.00 monthly from me. Can I get back this money and how do I stop them?
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A huge thing your missing is that the settlements they get are exactly the same that any regular person could get by themselves… So why pay a fee?
People have to understand that debt relief companies are owned by Credit card companies they are there to stop you from going to a bankruptcy lawyer and discharging all your negative debt because they get zero $$$ from you and can't sell your debt to some else for $$$!
The best thing anybody can do in these days. Is claiming bankruptcy but only do it as a last resort and do it with lots of debt.
You will get credit cards and Loans again because this world runs on debt! They say when you the bank $1,000. You have a problem. The bank is owned $10,000 they have a problem!
Yes be beware! Do not go with Freedom Debt Relief! You will be in a worst situation after your debt is settle. Here is an example of one of my debt settlements: Amount of Debt $2103.97. Their Fee $526. Settlement amount $1200. After doing the math I actually paid 82% of this debt including their fee. Now get this, they report this to the IRS as income since they settle and saved me $903.97. Remember I paid 82%, now I have to turn around and pay taxes on the so-called savings. Additionally, you pay customer and transaction Fee’s. How does this help you? 2 ways this can help you. Do not get in DEBT!!! and Do not go with Freedom Debt Relief!!! You will save a ton of money doing this yourself or utilizing other options. When all said and done, I only saved $377
You are absolutely right in all you said. Debt relief is not a good choice for help. They will settle moths after you applied for it and it will incur more fees and penalties on top of what you really owe.
I recommend this Company for the Financial Solution http://www.mwrfinancial.com/TrippOverStacks/membership
I work for literally the highest rated debt consolidation company in the Nation (Accredited Debt Relief). A+ Rating on BBB. No up front charges, actually we don't get paid until we settle your debt. Email me at candrus@acrelief.com
Not to be long winded, my cousin used this place and now lives with me and is in the middle of filing bankruptcy mainly because he bought the sales pitch. The main takeaway here is they do not reach out to the creditors and proactively try to settle the accounts and the creditors are in no way obligated to work with them. your better off using a service that takes the lead with creditors or file BK and be done with it.
They don't charge upfront fees. They calculate their fees into your monthly payments, and if they can't settle your debt, you get all your money back and they make $0. It's literally illegal for debt settlement companies to charge up front, or keep any fees if they don't deliver. Debt settlement isn't for everyone, and they will explain why it may or may not be for you during your consultation, as well as what you can expect in terms of how it will negatively affect your score (temporarily) and 1099c (which I believe they have solutions for). Not only that, but they have you change your contact info with your creditors to theirs, so that they can bear some of the burden of harassment as you stop paying off creditors and default, as well as being able to be notified immediately of any changes. A lot of creditors have relationships with settlement companies and will negotiate lower with them than they will with you if you try to do it yourself. FDR also offers you to opt in for legal protection at an affordable rate that's factored into your monthly payments (and your payments are always at a fixed rate, they will merely adjust the number of months you pay in, with the option to voluntarily pay more whenever you want to reduce your debt faster). None of this is a secret, they tell you all of it up front. Too many people want an immediate solution, and going through a debt settlement company does take time, patience, diligence, discipline, and trust. But it's a much better outcome for many in the long run compared to bankruptcy (which stays on public record for 20 years and pretty much ruins your credit worthiness for a very long time).
Great information brother, I just need some one to loan me the money and I pay off my own Dept my credit score is a 650 just can't find a lender, I am looking for a Dept consolidation loan 15 to 20 k credit card debt
I.A. Financial Solutions so basically as I understood that freedom debt relief is almost or like going for bankruptcy?
So many people worry about their credit? Who really cares? The whole credit scoring system is a scam! In order to have an excellent credit score you have to have debt! How many times do you notice your credit report score go down everytime you close a credit card or pay off a credit card?! All the time! Notice when you open a credit card your score jacks up! Its a scam! They want to keep you in debt cause thats how the big companies make profit. The interest. There's a fact based study that shows most people with promotional rates don't pay off their balance in full by the time the special rate expires! Sad but true.
Hi there, you are imputing incorrect information buddy. BK is much worst that debt relief