Have you used Freedom Debt Relief?
Question:
Answer:
Are you looking to pay every penny back and get a break on interest rates or more of a consolidation?
If looking for a reduction of interest, make sure they are registered with the NFCC (National Foundation of Credit Counseling), BBB, and licensed to provide debt management in your state. This agency should set you up on a plan so you can continue to make your basic living expenses and have payments sent to your creditors to have you paid off - max of 5 years.
If you are looking for debt settlement, these type of companies are scams. I am a certified financial counselor and provide counseling and education to those who file BK. They used these type of companies in an attempt to work it out, but made it worse. If your desire is to settle on a debt, call the creditor directly to settle. Big drawback on debt settlement is the amount that is forgiven is most likely considered taxable income.
Unfortunately companies that seem too good to be true say they will take over your bills, you cannot call your creditors, and they wait until you "bank" up enough money in your account to pay one person off and then you have 4 other creditors not getting a penny who then start to proceed legal action against you.
I wish you the best!
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