Debt Relief Industry In The News

Debt Free League Launches FreeBankruptcyTest.com With Attack on Credit Counseling

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.

[quicktime]https://getoutofdebt.org/wp-content/uploads/FreeBankruptcyTest.comCelebVid.mov[/quicktime]

I’m still wondering, so where is the free bankruptcy test?

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


P.S. From one of their previous videos.

Release

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About the author

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.

2 Comments

  • They’re “The Pioneer of The National Debt Relief Stimulus Plan”? Red Flag, Red Flag…. lol. This is certainly a lead generation website for a Debt Settlement company; and if they sell their program anywhere out of their home state, one facing a lot of FTC fines.
    Wouldn’t it be interesting to contact them and see how they want to “help” people…

    Sean Ryan

  • They’re “The Pioneer of The National Debt Relief Stimulus Plan”? Red Flag, Red Flag…. lol. This is certainly a lead generation website for a Debt Settlement company; and if they sell their program anywhere out of their home state, one facing a lot of FTC fines.
    Wouldn’t it be interesting to contact them and see how they want to “help” people…

    Sean Ryan

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