What many people look for when seeking out Freedom Debt Relief reviews is information on how the process actually works and how it’s going to affect their financial future. What You Need to KnowĪdvisoryHQ Review | How Does Freedom Debt Relief Work? In 2009, Freedom Debt Relief was a contributor and supporter of legislation that passed to strengthen consumer protections in the industry.ĭon’t Miss: Intelius Review (Warning) | The Truth about Intelius. The company has been active in promoting consumer protection legislation and regulation at the state and federal levels. In addition to running a Freedom Debt Relief program, they also provide FreedomPlus personal loans and offer mortgage education services. The company has been around for over 15 years. Let’s take a look at who is behind this San Mateo, California company that created the Freedom Debt Relief dashboard to help you get out of debt.įreedom Debt Relief, LLC is a wholly-owned subsidiary of Freedom Financial Network, LLC and is run by Co-CEOs, Andrew Housser and Brad Stroh. See Also: Talkspace Reviews | The Truth About Talkspace’s Online Therapy & Counselingįreedom Debt Relief Reviews | About the Company If you’re thinking of getting help from the Freedom Debt Relief program, this is a must-read before you do anything.

We’re going to dig into all of that in this Freedom Debt Relief review!ĪdvisoryHQ will help you find out what consumers say in their Freedom Debt Relief reviews, both good and bad, what those lawsuits are all about, and the honest truth about what you can expect from a debt reduction service. So, what’s the story? Can you trust the Freedom Debt Relief program to help you get out of debt or will you be left with bad credit and owing even more money? How Does Freedom Debt Relief Works? – Freedom Debt Relief Review However, there’s also a mention of a Freedom Debt Relief class-action lawsuit. If you do a search on “Freedom Debt Relief BBB” to look them up at the Better Business Bureau, you’ll see that they have an A- rating and 90% positive reviews. Freedom Debt Relief is one of the nation’s largest debt relief companies and has settled over $8 billion in debt since it’s been founded in 2002.īut many people wonder, “Is Freedom Debt Relief legit or is Freedom Debt Relief a scam?” because it sounds too good to be true. When you’ve got debt building up, finding a service to take care of it all for you sounds great.

National Association of Consumer Bankruptcy Attorneys: https:Does Freedom Debt Relief Work? Is it Safe? Here’s Everything You Need to Know NCLC general information on debt relief services: NCLC Issue Brief: Need Help with Debts? Don’t Get Burned by Scammers: Spanish version: Consumers should talk to their creditors directly and do their own debt settlement negotiations, or they should talk to a qualified consumer bankruptcy attorney.” It is especially important that the settlement included restitution for aggrieved consumers. Debt settlement and similar programs offered by companies like Freedom often do more harm than good and turn out to be a waste of money. “I applaud the Consumer Protection Financial Bureau for taking action against Freedom Debt Relief. The following is a statement by National Consumer Law Center attorney Andrew Pizor.

The original suit was filed in November 2017 and an amended complaint filed in June 2018. According to the CFPB, the company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty. – Today, the Consumer Financial Protection Bureau (CFPB) announced the settlement of a lawsuit it had brought against Freedom Debt Relief, the nation’s largest debt settlement company.

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