See my research, posts, and articles on Freedom Debt Relief, including how their program works, consumer reviews, and potential risks. Click the link to learn more!
(Spoiler: Freedom Debt Relief might hurt before it helps—but here’s what you really need to know.) Imagine this: You’re drowning in credit card bills. The phone won’t stop ringing. Your minimum payments don’t budge the balance. And then—bam!—an ad pops up promising to slash your debt by half through a program like Freedom Debt Relief. …
An email went out recently that said it should be shared with a friend, and that’s what a friend did. In January of 2021, the debt settlement industry started a new trade group, Consumer Debt Relief Initiative (CDRI). – Source But then another debt settlement industry trade group swept the legs out from under the …
Question: Dear Steve, My husband suffered an injury that resulted in us going without income for a year and me having to cut back significantly on work hours to take care of him. Now all is well, he is recovered, and we are backing working again. During this time, I placed 2 credit cards with …
New York Attorney General Letitia James today secured a win that will return nearly $3.6 million to thousands of New York consumers who were misled about savings they could achieve through one of the nation’s largest debt settlement companies. A proposed settlement filed in court today with Freedom Debt Relief will require the company to …
Consumer Statement: I enrolled in Freedom Debt Relief program hoping that they will be able to help me with my credit card debt. They were able to help settle the small debts for the first 2 years.. Then they messed up, they had a structural settlement in one of my creditors and they missed 1 …
The Wall Street Journal recently published an article “That Offer to Make You Debt-Free? It Can Make You Worse Off.” I’ve long been critical that some personal loan offers being mailed to consumers are potentially a bait-and-switch tool to tell people they don’t qualify for a loan and instead are switched to an expensive debt …
In 2017 Freedom Debt Relief and Andrew Houser were sued by the Consumer Financial Protection Bureau. It’s over. The CFPB has reached a settlement with Freedom Debt Relief. The mutually agreed settlement states: “The Company Defendant must Clearly and Prominently disclose to consumers before Enrollment: a. that in some instances, the Company Defendant may request …
Question: Dear Steve, Signed on with a debt relief program in early 2016 called Freedom Debt Relief. I was +30k in debt but had to pull the plug from the program because as the months and years dragged on so did my debt, the harassment from creditors and eventually found myself being sued. Why would …
Consumer Statement: I joined FDR in 4/2017. I paid thousands to find only a couple of bills were paid. There were hidden fees I never saw. Then I saw they pocketed my money more than than the actual debt itself. Then they wanted to consolidate. Of course they did I paid religiously, I didn’t understand …
Consumer Statement: I have been with freedom debt thinking this was the best solution for me. However, I have far realized in the since Aug all this has made me do was put me further in to debt. I tried to cancel with them on 3/21. One account had an agreed settlement. My account has …