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Home > Reader Questions > I Am Working With Freedom Debt Relief and Chase is Suing Me. – Margaret

I Am Working With Freedom Debt Relief and Chase is Suing Me. – Margaret

i am in freedom debt relief with chase and capital one
30,000.00 totol

i had to us the cards because of my daughters type 1 diebetic and helping with expensive medicene. i also took in her 3 children. this was the only way i could make it. i had excellent until this. i am 60 years old

i had to go with debt relief. i have been in the program since march

they are taking 492.00 a month out of my account–but after their fees i only have 2000. on my account. chase had called and said they are starting legal action . i do not know who to turn to and i cant any good answers from freedom debt. all i have left is my home for my family and with forclosures in my neighborhood my house is valued less than what i owe.

can any one any where give me some advise

Margaret

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I Am Working With Freedom Debt Relief and Chase is Suing Me.   Margaret
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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.
  • Dinah

    I definitely agree with you Damon.
    Charge you up front fee but nothing is even definite yet on how much per cent of how much they could actually settle.
    I lost respect with FDR or whatever company name they may be.
    Please be safe! That is not the light at the end of the dark tunnel. That’s a fox hole and “they” are going to squeeze the last breath of air out of you.

  • Dinah

    I definitely agree with you Damon.
    Charge you up front fee but nothing is even definite yet on how much per cent of how much they could actually settle.
    I lost respect with FDR or whatever company name they may be.
    Please be safe! That is not the light at the end of the dark tunnel. That’s a fox hole and “they” are going to squeeze the last breath of air out of you.

  • Damon Day

    Hello Margaret,

    Unfortunately you have discovered why debt settlement companies like to charge all of their fees upfront. The reality is that the letters that most of these guys send to your creditors actually make it more likely that you will be sued and all the while they are collecting fees.

    How much do you owe on the chase card?

    The way I see it is you have two options. Cancel the program and go after them for a refund and then decide how to best resolve your situation from this point moving forward.

    Option 2. Stay with the program and demand that they put you on their program where they can’t charge you any fees until they actually settle your debts. Freedom Debt Relief, recently put out a press release where they slobbered all over themselves talking about how charging consumers fees upfront before delivering services was a bad idea and because of that they developed a new program with no fees until after settlements. So, call them up and tell them that since they now think it is a bad idea, you would like them to put all of your money back into your escrow account and go do the job that you have paid them to do.

    Personally, I would take my money and run. Then I would seek an unbiased opinion about your situation from someone that isn’t focused on selling you something. Either way though, I would go after the 2500 or so in fees they have pocketed.

    Tell them you could have gotten yourself sued for free, why would you pay them to do it for you.

    http://getoutofdebt.org/Damon-

  • http://DamonDay.com Damon Day

    Hello Margaret,

    Unfortunately you have discovered why debt settlement companies like to charge all of their fees upfront. The reality is that the letters that most of these guys send to your creditors actually make it more likely that you will be sued and all the while they are collecting fees.

    How much do you owe on the chase card?

    The way I see it is you have two options. Cancel the program and go after them for a refund and then decide how to best resolve your situation from this point moving forward.

    Option 2. Stay with the program and demand that they put you on their program where they can’t charge you any fees until they actually settle your debts. Freedom Debt Relief, recently put out a press release where they slobbered all over themselves talking about how charging consumers fees upfront before delivering services was a bad idea and because of that they developed a new program with no fees until after settlements. So, call them up and tell them that since they now think it is a bad idea, you would like them to put all of your money back into your escrow account and go do the job that you have paid them to do.

    Personally, I would take my money and run. Then I would seek an unbiased opinion about your situation from someone that isn’t focused on selling you something. Either way though, I would go after the 2500 or so in fees they have pocketed.

    Tell them you could have gotten yourself sued for free, why would you pay them to do it for you.

    http://getoutofdebt.org/Damon-Day

  • Marga

    If I were you stop giving the Freedom Debt Relief your $492.00 a month and pay your creditors yourself instead. Debt settlements all of them are scams. I am living proof. I learn my lesson the hard way, luckily I caught it after four months and $3000.00 in a hole. Now I am trying to get my money back. These people will do anything to keep your money. You know what they did to your money? They use it to pay their employees that’s all nothing towards your creditors.
    As for my creditors, I am dealing with them now personally. I keep sending them letters asking them to agree to my offer of settlements in incremental payments. They stop calling my house. I am still waiting for their responses. Beware of credit settlements. Go to Better Business Bureau and check consumer complaints against this company, you’ll be surprise. Good Luck to you. Remember you are not alone.

  • Marga

    If I were you stop giving the Freedom Debt Relief your $492.00 a month and pay your creditors yourself instead. Debt settlements all of them are scams. I am living proof. I learn my lesson the hard way, luckily I caught it after four months and $3000.00 in a hole. Now I am trying to get my money back. These people will do anything to keep your money. You know what they did to your money? They use it to pay their employees that’s all nothing towards your creditors.
    As for my creditors, I am dealing with them now personally. I keep sending them letters asking them to agree to my offer of settlements in incremental payments. They stop calling my house. I am still waiting for their responses. Beware of credit settlements. Go to Better Business Bureau and check consumer complaints against this company, you’ll be surprise. Good Luck to you. Remember you are not alone.

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