Question: Dear Steve, I am currently a client of FDR and have been highly suspicious of some of their actions, firstly, my largest account with them they did not come to a settlement of reduced debt, therefore when I applied for a loan to start my new business I found that BOA/Messerli & Kramer had …
Question: Dear Steve, I’m 19k in debt and also have 3 accounts in Freedom Debt Relief program Plus I filed bankruptcy 7yrs ago. I just got a summons for a 10k debt from 5yrs ago Now I will get behind in my bills if I get sued for 10k. I’m scared. Can’t file Bankruptcy until …
It cannot be fun times at Freedom Debt Relief right now given the number of actions that have placed them in the crosshairs. It looks like the bad times are continuing. While I was checking on any updates regarding the suit by the Consumer Financial Protection Bureau against Freedom Debt Relief (more here and here) …
The Federal Deposit Insurance Corporation (FDIC) recently took action against Cross River Bank and “its institution-affiliated party, Freedom Financial Asset Management, LLC (FFAM), San Mateo, California, for unfair and deceptive practices.” The FDIC says, “Cross River Bank originates C+ Loans, an unsecured debt consolidation loan product, through FFAM. C+ Loans are offered exclusively to consumers …
Backstory – the Consumer Financial Protection Bureau (CFPB) sued Freedom Debt Relief, click here. Recently I wrote about an interesting twist when the law firm Freedom Debt Relief had been sending clients to had two attorneys file suit against the companies. Well thanks to an eagle eyed reader it appears another attorney is running for …
Thanks to an awesome reader it was pointed out that there have been some interesting developments discovered as a result of the court action by the Consumer Financial Protection Bureau against Freedom Debt Relief. The reader directed me to a public court document from July of 2017 where Andrew Houser, an afable smart guy in …
I’ve had the opportunity to talk to a number of people in the debt relief space since the Consumer Financial Protection Bureau filed suit against Freedom Debt Relief and Andrew Houser. Those in the debt relief industry know Houser to be a smart and friendly guy who has created the largest debt settlement company. The …
SAN MATEO, Calif., Nov. 9, 2017 /PRNewswire/ — In response to a formal complaint filed against Freedom Debt Relief by the Consumer Financial Protection Bureau on November 8, the company today issued the following statement to its family of clients, employees, and communities it serves: Freedom Family – Yesterday the Consumer Financial Protection Bureau (CFPB) …
Details from the suit filed today by the CFPB present an interesting set of facts. Some of these issues almost every debt settlement company in the United States must deal with on a daily basis. The CFPB complaint makes these interesting statements. “Freedom instructed its customers who had been making payments to their creditors to …
The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit against Freedom Debt Relief, the nation’s largest debt-settlement services provider, and its co-CEO Andrew Housser for deceiving consumers. The CFPB alleges that Freedom charges consumers without settling their debts as promised, makes customers negotiate their own settlements, misleads them about its fees and the reach …