Credit Counseling

The main problem with Consumer Credit Counseling organizations is that they are secretly working for your creditors! This may seem unbelievable, but it is true - and it is why you end up paying about two to three times more money to pay off your debts in Credit Counseling than in Freedom Debt Relief's "Debt Reduction Program." Most Consumer Credit Counseling firm's claim non-profit status and pretend to be independent. But in fact, these non-profits are funded and supported by the very people you owe money to; - the credit card companies. That is why Consumer Credit Counseling companies do not negotiate your debts down. They merely try to come up with a plan to make sure you keep paying your credit card bills every single month. They want to force consumers to pay as much money as possible to your creditors. Sure, they may help lower your interest rate a few points, or eliminate a late payment or two, but the credit card companies are happy to do this when they know you are going to keep making payments that Freedom Debt Relief could have negotiated away for pennies on the dollar.

Additionally, since you are repaying 100% of your debt balance plus interest charges (even after they are reduced by Consumer Credit Counseling), you could be in a Consumer Credit Counseling program for 5 years! Compare that to 2-3 years in our program.

In Freedom's "Debt Reduction Program" you can be out of debt twice as fast and for about 30-50% of what you'd be paying into a Credit Counseling Debt Management Program. Why not become debt free as soon as possible, as opposed to being stuck in a consumer credit counseling program for several more years. Once you learn about the alternatives, the decision becomes easy for our clients to choose FDR's Debt Reduction Program.

Furthermore, most Consumer Credit Counseling companies require you to make all of your payments to them and then they pay off your creditors. Recently, state Attorney Generals have sued some of the largest Consumer Credit Counseling firms because they were not actually passing on all the money they get to the credit card companies, they were keeping it themselves! In fact, the IRS has recently stopped granting non-profit status to credit counseling firms.

At Freedom we receive no payments from your creditors, so our incentives are aligned with yours. We make money when you save money and the only money you send us is for our fees, if and only if we save you money.