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What is your experience with Freedom Financial Management?
We have a large amount of credit card debt and are considering debt negotiation through Freedom Financial. They say that we can pay off our debt in three years time and that while our credit rating will initially be affected, by the time the debt is paid, the negative rating will be mitigated. Has anyone used this service (or a similar one)?
2 Answers
- InspectorBudgetLv 71 decade agoFavorite Answer
I myself have not used it, but have a (distant ) friend who has.
They are thoroughly disillusioned with the service. They have said they bitterly regret having done this.
I have no information other than that, they did not want to talk about it ( and thus reveal the extent of their problems, I guess. )
I suggest you do more research beyond this forum.
- 7 years ago
Going with this program was one of the worst decisions of my life. After 2-1/2 of the 3 years they promised me, they have only settled 5 of the 11 of my accounts. I still owe $20,000 and owe them 4200 in more fees. Please don't go through this program. I have ended up paying them over 12,000 in fees and still have ended up with an account going to an attorney and my accounts have 3 additional years of interest. Can you possibly bleed any more? DON'T DO THIS!!!!!!
