Freedom Debt Relief to Return $3.5 Million to Consumers in Settlement

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 …

Read more

WSJ Article Slays Debt Settlement Companies Using Personal Loan Offers to Bait and Switch

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 …

Read more

Freedom Debt Relief Finally Puts an End to CFPB Lawsuit With a Settlement

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 …

Read more

Freedom Debt Relief – Consumer Complaint – May 9, 2019

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 …

Read more

Freedom Debt Relief – Consumer Complaint – January 22, 2019

Consumer Complaint Submission

Consumer Statement: I signed on with freedom debt relief in October of 2014. About a year and 8 months and after paying off two creditors completely, I encountered financial trouble and I didn’t have money to pay for drafts (this was during a period where no creditor was actively being paid by debt consolidation company; …

Read more