If you are looking for help in settling your debt, choosing the right company is vital to the process. We decided to compare Credit Associates vs Freedom Debt Relief in this review so you can make an informed decision.
Credit Associates Review: Debt Consolidation Company With A Near-Perfect Record And Fast Growing
Credit Associates may be able to assist you with your monthly payments if you are experiencing financial difficulty. The Credit Associates company is ranked as the number one debt relief company in America, and they have helped thousands of people get back on track financially. Consolidation can be an effective way to eliminate high-interest rates and simplify your monthly payments, and Credit Associates can assist you in making this happen quickly and easily.
Before you consolidate your debt with Credit Associates, you should know a few things. Aside from being a legitimate company, Credit Associates has successfully helped thousands of people to clear their debts.
As a member of the Better Business Bureau, and as an accredited member of the National Foundation for Debt Management, they have an A+ rating. In addition, Credit Associates is one of the few companies that offer a money-back satisfaction guarantee. You can get your money back if you are dissatisfied with their services.
The best solution, if you are looking for a Debt Consolidation company to get out of debt quickly and easily, is Credit Associates.
Pros of Credit Associates Debt Settlement Program:
Credit Associates can be trusted without a doubt. In business for 14 years, they have been awarded an A+ rating by the Better Business Bureau. The question is, what are some of the other benefits and disadvantages of using their debt consolidation services?
- Reduced Debt: Credit Associates’ debt settlement program can help you reduce the amount of debt you owe by negotiating with your creditors. This can lead to a significant reduction in your overall debt burden.
- Affordable Payments: With Credit Associates’ debt settlement program, you can make affordable monthly payments that fit your budget. This can help you avoid defaulting on your debt and potentially facing legal action.
- Faster Debt Repayment: Debt settlement can help you pay off your debt faster than other methods like minimum payments or consolidation loans. This can help you get out of debt sooner and save money on interest charges.
- Professional Negotiation: Credit Associates has experienced negotiators who will work with your creditors to try to settle your debt for less than what you owe. This can be a time-consuming and difficult process, but Credit Associates professionals are skilled at navigating it.
Cons of Credit Associates Debt Settlement Program:
- Negative Impact on Credit Score: Debt settlement can have a negative impact on your credit score, as creditors may report settled debts as “settled for less than the full amount owed.” This can remain on your credit report for up to seven years.
- Potential for Increased Debt: While debt settlement can reduce the amount you owe, it’s important to note that creditors may continue to add interest and fees to your account while you’re in the program. This can lead to an increase in your debt burden.
- Fees: Credit Associates charges fees for their debt settlement services, which can vary based on the size of your debt and other factors. These fees can add up and may be higher than what you would pay for other debt-relief options.
Credit Associates: What is It?
Credit Associates is an assistance program created to aid people who are having difficulty managing their financial obligations. It works by negotiating with creditors to lower the amount of debt owed and to arrange for a feasible payment plan. This can help people to handle their debt and eventually pay it off. It is worth noting that the process can take a bit of time, and there are costs associated with the program.
Credit Associates is a well-known company in debt consolidation and gives its customers a range of possibilities. In addition, the business provides a money-back guarantee if you are not happy with its services. For people who want to consolidate their debt and start down the road to financial freedom, Credit Associates is a fantastic alternative.
Who Is The Owner Of Credit Associates?
Many people ask us this question. The Credit Associates debt consolidation company has been in business for more than 14 years. Their ownership is comprised of a group of private investors.
It is a debt consolidation company that has a team of debt consolidation experts that are ready to help you get out of debt. If you are interested in finding out if debt consolidation is right for your situation, they offer a free consultation.
How Do Credit Associates Work?
Credit Associates’ debt settlement program is designed to help individuals who are struggling with unsecured debt such as credit card debt, medical bills, and personal loans. The program is straightforward and easy to use. First, you’ll need to book an appointment with a Credit Associates debt expert to decide if debt settlement is the best option for you.
If you decide to join the program, you’ll be assigned a personal account manager and have to sign a contract outlining the fees and costs. Afterward, you’ll be required to make monthly payments into a special account based on your financial status and the amount of debt you have.
After the negotiation is done, you will be able to approve the settlement and make a payment from your account to the creditor. Once all the settled debts are paid in full, you will have successfully resolved your debt with those creditors. This is an effective way to resolve your debt without having to deal with the creditors yourself.
Credit Associates Program
Credit Associates provides a debt settlement program to assist people dealing with non-secured debt, such as credit card debt and medical expenses. The program works by talking to creditors to lower the overall amount due. Instead of paying the minimum payment on each debt, you pay a monthly installment into a specified account. Credit Associates use this money to bargain with creditors, attempting to reduce the amount owed.
Once a settlement is reached, you pay the settled amount to the creditor, and the remaining balance is forgiven. Credit Associates’ debt settlement program is intended to help individuals become debt-free faster and more affordably than making minimum payments on their own. However, it’s important to understand the potential impact on your credit score and the fees associated with the program before enrolling.
How Much Does This Company Charge?
Credit Associates is aware of the significance of delivering top-notch service with no additional fee, which is why they promise that no charges will be imposed if they do not participate in the arrangement. Nevertheless, if their knowledge, assistance, and experience are utilized to reach the agreement, then the basic performance fee will be put into effect.
Of course, each circumstance is unique, so it’s crucial to speak with one of their debt consolidation consultants to determine which choice is ideal for you. You have nothing to lose by calling them because they provide a free consultation.
How Much Can You Save With Credit Associates?
Sticking to a debt repayment program can be a difficult but rewarding process. Over time, individuals can typically reduce their debt by up to 55%, depending on the length of time they keep up with the program. Even with fees included in the repayment plan, the savings can still be around 30%. While some debts may not be eligible for such a plan, those who are committed and stay the course can still gain considerable savings in the long run.
How Long Does It Take For The Credit Associates Program To Begin Resolving Your Debt?
The Credit Associates program usually lasts for 36 months, however, this time frame can be extended depending on the specifics of your financial situation. Once you have signed up and have made your payments, the Credit Associates team will begin negotiating with your creditors, which can be a laborious process. Depending on the level of difficulty of your case, the program may take longer than the standard 36 months, and the Credit Associates team will make sure they do all they can to get you the best result.
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It is essential to understand that Credit Associates’ debt repayment timeline will depend on your payment capabilities. Being patient, diligent, and willing to work with the program is crucial for a successful negotiation. The trust account, which requires consistent payments, is utilized to talk to your creditors. If contributions are not made or are overdue, it could negatively affect the resolution process.
The length of time it takes to settle your debt using the Credit Associates program may depend on your individual circumstances. It is vital to stay dedicated and collaborate closely with the program to ensure the most favorable outcome for your financial situation.
Which Companies Do Credit Associates Settle Debts With?
Credit Associates is a trustworthy debt negotiation agency that helps its customers take care of their financial obligations. Its knowledgeable team of professionals is experienced in dealing with a variety of creditors, from original lenders to debt collection agencies, to help their clients manage their debt. They provide debt relief solutions for all kinds of debt, including credit card debt, personal loans, medical bills, and collection accounts. The particular creditor Credit Associates works with may differ depending on the type of debt and creditors their customer has.
It is important to remember, however, that not all lenders can be negotiated with. With years of experience with different creditors, Credit Associates will do their best to secure a beneficial settlement. Ultimately, the outcome of the debt settlement is dependent on the individual’s specific circumstances and is not guaranteed. It is important to have realistic expectations and be aware that not all debt can be settled.
Who has this company recently settled debts with?
Many other companies and companies provide payment services, including Capital One, Visa, Mastercard, Chase, American Express, Citibank, Wells Fargo, Bank of America, Amazon, Macy’s, Costco, Lowe’s, Target, Kohl’s, Paypal, Walmart, Sam’s Club, T.J. Maxx, Bestbuy, Verizon, etc.
When it comes to getting out of debt, this is good news because it means Credit Associates has a good chance of being able to help. It is possible to get out of debt through debt consolidation, and Credit Associates has a lot of experience settling debts.
How Does It Affect Your Credit?
When signing up for Credit Associates, it is important to consider your credit score. Usually, if payments to lenders are not paid on time, it will have a negative effect on your credit score. This is particularly important when you are attempting to regain financial stability. Therefore, it is essential to take the necessary steps to maintain a good credit score, even in difficult financial periods.
In addition, during the debt settlement process, you usually won’t pay your creditors directly; you’ll pay Credit Associates, who will place the money in a trust account and use it to negotiate with your creditors. Still, you could have late or missed payments reported to your credit report, which could decrease your credit score.
Credit Associates Customer Service
If you would like to contact Credit Associates customer service, please dial their toll-free number at 866-936-9921
You can reach a customer service representative from 7:00 am to 11:00 pm CST, Monday through Friday
Customer service representatives are available from 8:00 am to 8:00 pm CST on Saturdays
5050 Quorum Dr., Suite 700 is the address of Credit Associates’ customer service call center in Dallas, Texas.
Having your account number or ID ready will help customer service assist you more effectively.
How To Use Credit Associates Website
To use the Credit Associates website, follow these steps:
- Open your preferred web browser and navigate to the Credit Associates website.
- Once on the homepage, you can explore the different services that Credit Associates offers. You can also scroll down to read customer reviews and learn more about the company.
- If you’re interested in learning more about Credit Associates’ debt settlement program, click on the “Debt Relief” tab in the top navigation menu. From there, you can read more about the program and fill out a form to request a free debt analysis.
- If you’re a current client of Credit Associates, you can log in to your account by clicking on the “Client Login” button in the top right corner of the homepage. From there, you can access your account information, view your progress, and make payments.
- If you need help or have questions, you can contact Credit Associates’ customer service team by clicking on the “Contact Us” link in the top navigation menu. You can fill out a form to send a message, or call the toll-free number provided.
Overall, the Credit Associates website is easy to navigate and provides a clear overview of the company’s services and offerings. Whether you’re a prospective client or a current client, you can find the information you need quickly and easily.
Credit Associates BBB Reviews
Credit Associates received an A+ rating from the Better Business Bureau. The company is one of the debt settlement companies you can trust and feel comfortable using. It is important to use a company like Credit Associates as there are many companies out there that do not hold the same high standards as Credit Associates.
BBB reviews are an important part of choosing a debt relief company. During this process, you will be able to gain an understanding of what other individuals have experienced with the business. Additionally, it is a good indicator of how responsive the company is in responding to customer complaints.
Here are some Credit Associates BBB Reviews:
Dennis S 01/12/2021
Johnny B 12/22/2020
Sheryl H 10/06/2020
Tone J 12/08/2019
How To Cancel Credit Associates
If you need to cancel your enrollment in Credit Associates’ debt settlement program, you can follow these steps:
- Contact Credit Associates to inform them of your intention to cancel enrollment in the debt settlement program
- Provide account information (name and account number)
- Follow cancellation procedures as provided by Credit Associates
- Stop making payments to your special account
- Check credit reports to ensure accounts are updated to reflect the current status and dispute any inaccuracies
It’s important to note that canceling your enrollment in Credit Associates’ debt settlement program may have consequences, such as the potential for your creditors to resume collection efforts. Be sure to discuss your options with Credit Associates before making any decisions about canceling your enrollment.
Credit Associates: Is It Legit?
Credit Associates is an established and reputable debt settlement company, providing services since 2016. It is located in Texas and has helped countless individuals with their debt issues. The company has earned an A+ rating from the Better Business Bureau, proving its trustworthiness. Additionally, Credit Associates is a member of the American Fair Credit Council, a trade organization that sets high standards for debt settlement companies to ensure quality services for customers. All in all, Credit Associates is a legitimate and reliable organization to trust with debt-related matters.
Is This Company The Best Debt Consolidation Company?
While there are plenty of debt consolidation companies out there, Credit Associates stands out as one of the best. Many of their customers are satisfied with them, and their success rate is incredibly high. We promise you won’t be disappointed!
Freedom Debt Relief Review: Nation’s Largest Debt Settlement Company
Freedom Debt Relief is a company that offers debt settlement services to help individuals and families struggling with debt. The company claims to have helped over 750,000 clients settle over $10 billion in debt since its founding in 2002. Freedom Debt Relief is considered to be the largest debt settlement company in the United States.
The process of debt settlement involves negotiating with creditors to settle debts for less than the full amount owed. This can potentially save clients money and help them become debt-free faster than paying off their debts in full. However, debt settlement can also have negative impacts on clients’ credit scores and may result in tax implications.
While some clients report positive experiences with Freedom Debt Relief, others have complained about the company’s fees, customer service, and results. It is important for individuals considering debt settlement to carefully research their options and weigh the potential benefits and drawbacks before making a decision.
Pros and Cons
Choosing Freedom Debt Relief as a debt relief company has both its advantages and disadvantages.
- In a short period, you can pay off your debt
- The cost is usually lower than the bankruptcy
- There is a possibility that you can keep your property
- Services for repairing credit
- If you have forgiven a debt, you may be required to pay taxes
- Your credit score will be damaged as a result
- You may still owe some money
Getting out of debt can be a wonderful opportunity, though not necessarily the right choice for everyone. Take time to assess your alternatives before deciding what best meets your needs.
Freedom Debt Relief: What is It?
People who are struggling with credit card debt can find relief with the services offered by Freedom Debt Relief. This company specializes in creating plans for its clients that allow them to become debt-free within a reasonable time frame. Services may include consolidating existing debts, setting up good spending habits through counseling, and helping people explore alternatives to bankruptcy.
Competing for customers in the debt settlement space, National Debt Relief and Freedom Debt Relief have a history of clashing. While National Debt has remained unscathed from consumer regulatory issues, it has not been the same for its competitor. Recently, a $25 million lawsuit was settled with the CFPB and a further $3.6 million lawsuit with the New York Attorney General was brought against Freedom Debt Relief.
How Does Freedom Debt Relief Work?
FDR’s debt settlement program is designed to help individuals and families reduce their unsecured debt and become debt free in a shorter amount of time.
Under the debt settlement process, FDR negotiates with creditors to reduce the amount of debt owed. Creditors are willing to accept lower payments when they realize that bankruptcy may be the only other alternative. Once a settlement is agreed upon, the creditor will stop any collection efforts. FDR then distributes the payments to the creditors from the escrow account.
The amount of time needed to complete the debt settlement process varies based on the amount of debt, the number of creditors, the amount of debt owed, and the individual’s financial situation. Generally, it takes between 24-48 months to complete the process. During this time, the individual must make payments to FDR, which will be held in a trust account. These payments will be used to pay creditors when settlements have been reached.
For those burdened by unmanageable debt, Freedom Debt Relief is a viable option. Through the debt settlement process, individuals can become debt free in a shorter amount of time. FDR’s team of professionals can help individuals and families negotiate with creditors and reduce the amount of debt owed. If you’re struggling with debt and need help, Freedom Debt Relief can help you get back on track.
How Does It Affect Your Credit?
Although Freedom Debt Relief may appear to be a straightforward solution for reducing debt, it is not necessarily an uncomplicated decision. Indeed, this approach to tackling debt can have a detrimental effect on one’s credit score.
Company settlements will remain on your credit report for seven years and can have a damaging effect on your rating during that period. Furthermore, nonpayment of installments throughout this program will be seen on your credit history.
When considering the best way to handle your debts, you might find Freedom Debt Relief appealing. To make sure this is the right choice for you, take some time to evaluate both its advantages and disadvantages.
How Much Does Freedom Debt Relief Charge?
When it comes to Freedom Debt Relief, you likely have questions about what fees might be associated. Generally speaking, their program charges range from 15-25% of your enrolled debt – with an average fee being 20%.
Many things are covered by the program fees, including account setup and maintenance, communication with your creditors, and negotiating interest rates and monthly payments on your behalf. You also have access to certified credit counselors. You’re investing in yourself and your financial future when you pay your program fees each month. In addition to lower interest rates, you’ll make smaller monthly payments, and most importantly, you’ll be debt-free.
Freedom Debt Relief Customer Service
You may contact customer service by calling 800-653-1948. You may also contact them by visiting their website at freedomdebtrelief.com and clicking on the “Contact Us” link. To ensure that you receive assistance as quickly as possible, please have your account information handy when contacting customer service.
How To Use The Freedom Debt Relief Website
Here are the steps on how to use the Freedom Debt Relief website:
- Go to the Freedom Debt Relief website.
- Browse through the website to learn more about the company and its services.
- If you’re interested in working with Freedom Debt Relief, click on the “Get Started” button located at the top right corner of the page.
- You will be prompted to answer a few questions about your debt and financial situation.
- After providing the necessary information, Freedom Debt Relief will assess your situation and provide you with a debt relief program that’s tailored to your needs.
- If you decide to enroll in the program, you will be assigned a personal account representative who will work with you throughout the process.
- You can log in to your account on the Freedom Debt Relief website to check on your progress, view your savings, and communicate with your account representative.
- You will also receive regular updates from Freedom Debt Relief regarding your account and progress toward becoming debt-free.
It’s important to note that working with a debt relief company like Freedom Debt Relief is a big decision that should be carefully considered. Be sure to research the company thoroughly and weigh the potential benefits and drawbacks before enrolling in their program.
Which Companies Does Freedom Debt Relief Settle Debts With?
Among the companies with which Freedom Debt Relief settles debts are:
- American Express
- Bank of America
- Capital One
- Discover Card
- GE Money Bank (formerly MetLife)
There are some of the largest issuers of credit cards in the United States are listed below. The Freedom Debt Relief company may be able to assist you in settling your debt if you have a debt with one of these companies.
Freedom Debt Relief: Is It Legit?
Answering this question is a straightforward yes. Founded over 15 years ago, it has been helping people get out of debt ever since. There are, however, some things you should be aware of before deciding to use their services.
First and foremost, this service is not a magic solution to your debt problems. To pay off your debts, they will work with you to create a debt settlement program. However, this process may require time and effort. To see results, you should be committed to following the program.
In addition, Freedom Debt Relief charges a fee for its services. Depending on how much debt you have and how much assistance you require, these fees may be high.
Furthermore, Freedom Debt Relief will only work with unsecured debts, such as credit card debts. If you have other types of debt, such as student loans or medical bills, you will need to find a different solution.
Fourth, Freedom Debt Relief is not available in every state. You will need to find another debt relief option if you live in a state where these programs are not available.
As a final note, it is important to remember that debt relief is not a quick fix. Making the necessary changes to get out of debt will take time and effort. You should, however, discuss potential tax consequences and other questions you may have.
Freedom Debt Relief Reviews
The BBB reviews of Freedom Debt Relief provide an insight into what customers have to say about this debt relief company.
The majority of reviews are positive, with many individuals stating that Freedom Debt Relief assisted them in getting out of debt. A few complaints have been made.
How To Cancel Freedom Debt Relief
Canceling your account can be accomplished in a few different ways. You may contact their customer service department by calling the toll-free number on your billing statement, by e-mail, or by writing a letter. Whatever method you choose, please ensure that you include your name and account number so that your file can be easily located.
By phone: Contact the customer service line and tell them that you would like to cancel your account. Your cancellation request will be processed after they receive some additional information, such as your reason for canceling.
Email cancellations: Please send an email to [email protected] with the subject line “Cancellation Request.” Also, include your name and account number in the body of your email for us to locate your account.
By mail: You may also cancel by sending a letter to Freedom Debt Relief, LLC at PO Box 25101, Santa Ana, CA 09265-5101. Ensure that your account number and name are included so that they can locate your file easily.
After canceling your account, you will no longer be responsible for making payments to Freedom Debt Relief. You must, however, pay off any outstanding balance on your account following the terms of your original contract. Feel free to contact Freedom Debt Relief’s customer service department with any questions you may have about canceling your account.
Be sure to read the fine print before signing up for any debt relief program. It is possible that Freedom Debt Relief would be a good option for some people, but it might not be the right solution for you. Ensure that you have done your homework and compared different programs before making a final decision.
Freedom Debt Relief Lawsuits
Freedom Debt Relief Settles Lawsuit With Consumer Financial Protection Bureau For $25 Million
The Consumer Financial Protection Bureau (Bureau) announced that they have settled their lawsuit against Freedom Debt Relief LLC, the nation’s largest debt-settlement company.
Consequently, the company has agreed to pay $20 million in restitution to consumers and a $5 million civil money penalty for improper business practices toward consumers, including misleading marketing tactics including robocalls and texts without consent; Inflating savings figures on settlement agreements when there is no chance at all that one can find relief by utilizing this method alone is a high-pressure sales tactic that makes offers appear more lucrative than they are.
Freedom Debt Relief was accused of violating the Telemarketing Sales Rule by charging advance fees and failing to inform consumers of their rights, among other violations. Furthermore, the suit alleges that the company misled customers regarding how much money they would be able to save on interest rates by negotiating settlements directly with all creditors instead of just one or two at a time-even going so far as requiring payment upfront.
Freedom Debt Relief Settles Lawsuit With New York State Attorney General For $3.6 Million
Thousands of consumers who were misled about the savings they could achieve through Freedom Debt Relief will receive nearly $3.6 million as a result of a win by the New York Attorney General, and it occurred just weeks after our office sued the same organization for making false promises in violation of an earlier agreement with them (in 2011) when they operated under different ownership.).
As part of the AG’s case, Freedom Debt Relief was accused of perpetrating “extensive fraud” during its operation – misleading people into thinking that progress was being made towards eliminating their credit card debts but offering little or no information regarding what happened once clients enrolled.
In case you’re not familiar with the Freedom Debt Relief lawsuit, here’s what you need to know:
What Is The Freedom Debt Relief Lawsuit?
As a result of the lawsuit filed in May 2019, the company was accused of false advertising and deceptive practices. Rather than helping consumers reduce their debt by negotiating with creditors, the company used high-pressure sales tactics and failed to deliver on its promises after enrolling them in its program.
Who Is Suing Freedom Debt Relief?
In this case, the Federal Trade Commission (FTC) has filed a lawsuit on behalf of consumers to protect them against unfair or deceptive practices.
What is the amount of the lawsuit against Freedom Debt Relief?
Freedom Debt Relief is being sued by the FTC for millions of dollars in losses. There has been no disclosure of the exact amount, but it is believed to be in the tens of millions.
For Consumers, What Does This Mean?
It may be a good idea to think twice about using Freedom Debt Relief to help you get out of debt. Take a look at White Mountain Partners. Currently, the company is facing a lawsuit that could require it to repay millions of dollars to customers who claim they were misled by the company. Also, you may wish to consider other options for getting out of debt, such as credit counseling or debt consolidation.
Freedom Debt Relief is one of several companies that provide similar services, so do your research before making a decision. Also, you should never pay upfront for debt relief services – legitimate organizations should provide these services for free.
Freedom Debt Relief: Is It A Good Company?
Freedom Debt Relief has received mixed reviews. Is said that they are great at helping you get out of debt, while others say that they are a scam. Which is the truth?
It depends on your specific circumstances. Some people may find Freedom Debt Relief to be a good company, while others may find it to be a bad company. There is no right or wrong answer; it all depends on your particular financial situation.
I would recommend that you do your research before choosing Freedom Debt Relief to help you get out of debt, and speak with a few different creditors before making your decision. As a result, you can be sure that Freedom Debt Relief is going to be the right choice for you.