Apparently the lads over at Debt Free League, who I’ve written about before, have launched a new website with a big press release. The site is FreeBankruptcyTest.com and claims “The company’s site, FreeBankrutcytest.com helps the public to freely compare debt relief choices, including bankruptcy, debt negotiation, debt consolidation, tax settlement, and student loan consolidation.”
Just one problem, it does not appear to do that, at all.
I went and visited the site and what I found was a two page site. Basically it was a home page with a form to fill out and a thank you page for what appears to be, becoming a lead.
Debt Free League is very unhappy with credit counseling in their press release. They attack the performance of credit counseling but provide no numbers to back up the performance of their alternative solutions.
Most of them advertise as BBB certified non-profit debt relief saviors, claiming to save consumers from the jaws of bankruptcy with financial education and a Debt Management Plan (DMP) that works out reduced interest payments with their creditors. But, credit counselors are increasingly failing Americans as a bankruptcy alternative. FreeBankruptcyTest.com grades credit counseling with an “F” based on the nation’s steep bankruptcy filings. – Source
The solution suggested by Debt Free League is said to be, “In the race against bankruptcy, Santacruz suggests to people buried in mountainous debt, to quickly explore for a fast and affordable debt relief solution.” Great, but what is the solution?
The celebrity endorsement video from the homepage of the promoted FreeBankruptcyTest.com is below.
I’m still wondering, so where is the free bankruptcy test?