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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!”

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.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

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.

See also  Should We Use Freedom Debt Relief or an Attorney to Help Us With Debt Settlement? - Debbie

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

Debtmerica Relief Header Graphic

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

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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.
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