Choosing a Company

A Program That's Right For You

Choosing a Company

There are many things you need to be mindful of when you are choosing a debt settlement company. Many companies offering debt settlement services are small, unsophisticated and have only been around for a short period of time. The good ones will have a track record of success and will be able to provide you with an honest assessment of not only the potential benefits, but also the potential downsides of debt settlement for your situation. The fact is that debt settlement is not right for everyone. It is a program designed for consumers with serious debt problems, who are unable to maintain payment obligations and are considering bankruptcy or credit counseling.

The Federal Trade Commission (FTC) advises to stay away from any company that makes untrue claims:

  • Promises that unsecured debts can be paid off for pennies on the dollar. The truth is that there is no guarantee that any creditor will accept partial payment of a legitimate debt. Your best bet is to contact your creditor directly as soon as you are having problems making payments.

  • Requires substantial monthly service fees and demands payment upfront. The truth is that reputable companies will not charge fees upfront. Fees will only be due if and when a debt has been resolved.

  • Tells you to that it is OK to stop making payments altogether. The truth is that if you stop making payments on a credit card, expect late fees and interest to be added to the amount you owe each month. If you exceed your credit limit, expect additional fees and charges to be added. Your credit score will also be negatively impacted.

  • Claims that creditors do not sue people for not paying their unsecured debts. The truth is that creditors may have the right to sue to recover the money that is owed to them. In some cases, if a creditor wins a lawsuit, they may have the right to garnish your wages or put a lien on your home.

  • Claims that they can remove accurate, negative information from your credit report. The truth is that no company can remove negative information from your credit report that is accurate and timely. It’s illegal.



What Clients Say:
“I can't thank Freedom Debt Relief enough for all the help! Everyone was so helpful, professional and always quick to respond to my questions. ”
-Willa in Richmond, VA
“It's so nice to have that peace of mind from people that are willing to work with you and make you feel like somebody is on your side. ”
-Lee in Middletown, OH
“You all are very special to me and I will take with me the comfort in knowing that you all were there to help me through this terrible crisis.”
-Mary in Wheatfield, NY
“Thank you for all of your commitment, your time and your efforts with me — you guys are lifesavers! I wish I would have known about you sooner.”
-Pam in Addison, TX
“I know that I am in good hands and I appreciate that very much. This level of professionalism and courtesy began from the very first time I contacted Freedom Debt Relief.”
-Susan in Los Angeles, CA

*Clients who make all their monthly program payments pay approximately 50% of their enrolled balance before fees, or 68% to 75% including fees, over 24 to 48 months. Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest.  However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825