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I Am Skeptical About Faxing My 16 Page Contract to Freedom Debt Relief Since We Originally Contacted Debtmerica

“Dear Steve,

WE ARE NO LONGER ABLE TO KEEP UP WITH OUR CREDIT CARD BILLS’ HUSBAND RECIEVED A 50% CUT IN SALARY. WE SEEKED OUT THE HELP OF DEBT RELIEF WITH A COMPANY CALLED DEBTMERICA,HOWEVER THE CONTRACT THAT I RECIEVED HAD THE LETTERHEAD 0F A COMPANY CALLED

FREEDOM DEBT RELIEF. VERY SKEPTICAL ABOUT FAXING THEM MY SIGNED 16 PAGE CONTRACT . WE REALLY NEED HELP!”

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The Answer

I’d be concerned as well.

It took me a few minutes of reading my way through the Debtmerica site, and I even knew what I was looking for. Here is what I found.

WE RESERVE THE RIGHT TO SELL, RENT OR TRANSFER YOUR PERSONAL INFORMATION TO our participating providers, as authorized by you, which include: lenders, agents, and debt management firms FOR ANY PURPOSE IN OUR SOLE DISCRETION.” – Source

So it looks like while you might have contacted Debtmerica for help they may have sold you on to Freedom Debt Relief as a lead for debt settlement services. At least that’s what it looks like in my opinion.

But even with the ambiguity of who you are actually contracting with, I am concerned that debt settlement isn’t a good fit for your current situation. You mentioned that you’ve had a substantial cut in income and that will leave you with very little money to be able to save to settle your debts.

I’m fairly certain either Debtmerica or Freedom Debt Relief gave you the impression you need to stop paying your creditors. When you do that your credit score will drop, you will wind up in collection, and because it will be very hard to save money to settle your debts and the chances of you getting sued over your delinquent debt will be high.

If you would like someone to look over the contract before you fax it in, I suggest you contact Damon Day and ask him to review the contract for you.

And while I’m at it, I have a real problem with the header graphic on the Debtmerica site.

I Am Skeptical About Faxing My 16 Page Contract to Freedom Debt Relief Since We Originally Contacted Debtmerica

The statement that their services are “a better alternative to credit counseling, bankruptcy, or debt consolidation”, in my opinion, is an untrue blanket statement to make when you look at the failure rates of debt settlement versus those other alternatives.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

I Am Skeptical About Faxing My 16 Page Contract to Freedom Debt Relief Since We Originally Contacted Debtmerica
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Larry and Carol Hutchinson

    Debtmerica deserves to be in this hot water. We were pressured to enroll in their
    program a year ago and were sued by creditors within three months. You
    can do debt settlement/debt reduction yourself and if necessary, hire
    an attorney. Debtmerica lied to us, took our money and left us with
    more worries after the fact. The rep that enrolled us was gone within
    weeks and of course, the management was of no help and avoided all of
    our phone calls. We live in Northern California or we would have
    driven down to their Orange County/Santa Ana office and confronted
    them. People told us to sue them for the mess they got us into and with
    their high fees and hidden costs, you do not end up saving that much.
    Please do yourself a favor and do your homework and go with a local
    company if you can. LATEST NEWS: Debtmerica is NOW sister-company to
    “Optima Tax Relief” for people with income tax debt. So what they are
    basically going to do is cause more people MORE serious problems: last
    time I heard the Federal Government is more aggressive than credit card
    companies and banks. Innocent people will be hurt and lose their homes
    and have their wages garnished because Optima Tax Relief will make
    promises to them and have them blind-sided !!! Buyer Beware…..do your
    homework.

  • Mallory

    I saw this comment below by “Craig” and cannot agree more. Debtmerica is a scam run by a bunch of boiler room commandos with college degrees! That is the only different between them and the other scam companies. Their Orange County, CA office pressures sales people for enrollments regardless if this solution is the correct remedy or not for someone in trouble with debt. People can do this on their own or with the help of a board-certified debt settlement attorney. Stay away from these ruthless people at Debtmerica. I am looking forward to hearing the day that the Attorney General’s Office eventually closes them down now that they have managed to creep into the IRS/Income Tax world.

  • Craig

    Freedom Debt Relief takes the enrollments from Debtmerica and after that, you are in trouble. Debtmerica does not do any negotiating or arranging settlements nor do they contact your creditors. They are nothing but high-pressure telemarketers being rulied by money-hungry wanna-be entrepreneurs. Don’t be part of a telemarketer’s quota. Steve Rhode is right when he says there is a problem with Debtmerica’s header graphic on the Debtmerica site. It is misleading. They are losers.

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