Anyone who has every gone through debt or is going through debt at the moment likes knowing all the different possible options possible in terms of how to pay it off, or how to pay it off with less monthly installments, for that matter.
Freedom Debt Relief reviews are important in order to separate the hype from the real deal. According to the ad on TV, you can reduce your debt by up to half making just one payment per month. The company states that it can help you get rid of your debt in two to four years without declaring bankruptcy or getting credit counseling. Rather, the company claims to negotiate with your creditor in order to lessen your owed amount.
According to a few Freedom Debt Relief reviews, however, some of those who signed u declared bankruptcy while others even encountered debt increase. A few reviews indicated that the company did not even get in touch with the creditors to negotiate lower debts.
Many consumers found that the Freedom Debt Relief Company had sent every account to collection agencies. Thus, many clients never overcame their debts even with years of service and administration fees paid to the company. To top it off, it turns out that Freedom Debt Relief did not even operate with a business license in the state of California.
The Bottom Line
Freedom Debt Relief reviews indicate that one consumer after another feels duped and at the very least, disappointed at the way Freedom Debt Relief gave out false advertising, did not do what they claimed they were going to do and even practiced in the state of California with no business license. It has lost all credibility and continues to charge administration fees to people who are already deeply in debt as it is, and looking for a way out. What should consumers do?
Based on the Freedom Debt Relief reviews, the first thing consumers need to do is to cancel their patronage to Freedom Debt Relief and then talk to creditors themselves to try and see if reduced payments will be allowed. Negotiate a principal reduction with a company that helps in debt-reduction. The way to know whether or not a company will help in reducing debt is to read various reviews and check with the Better Business Bureau as to whether or not they are working effectively and have good reviews from consumer reports.