Tag Archives: Debt Management

Freedom Debt Management Review

On occasions, I get an email here and there asking about a debt consolidation service, or another type of service that deals with debt.  While our website doesn’t deal with people in debt, we just offer advice, as well as secured credit cards to help people get back on their feet.

With these emails, this got me to thinking about writing reviews about companies that I have researched online.  Our first culprit on stage is Freedom Debt Management.  While I haven’t used the service personally, I gathered up a ton of information on the Internet to give you a good idea on what they are all about.

They are a non-profit

For starters, these are the companies that you want to work with, if any.  What you’re going to find is that the non-profits are really in it for you, rather than their pocketbook.  While this doesn’t meant that they are going to do a good job, you’re better off testing with these companies, rather than those that advertise at 2 in the morning on your local cable channel.

They have an A+ BBB rating

The number one thing that I advise people on checking when dealing with a company is to check the BBB rating.  If it is anything under a B, you’re probably going to want to check with another company.  I went ahead and looked into their BBB rating and they have the best rating you can get, which is an A+.  This alone, gave me the  confidence that they are a good company.

They are a debt consolidation care member

Debt consolidation care in my opinion is probably one of the most known, well respected debt consolidation sites on the Internet.  They give it to you straight and let you know who’s going to work with you, as well as who isn’t.  They also recognized the fact that they are an A+ BBB company, as well as have fantastic remarks online.

Overall, from reading what I have seen online, I have found that you have nothing to worry about.  When I recommend a place, I always check to see if they are non-profit, as well as if they are rated with the BBB.  As every company will have some sort of negative review, you’re going to find that you can feel rather comfortable with trying a company like this out.

Do You Really Need a Debt Management Plan or IVA?

Debts are a potential problem for everyone. No matter who you are, how wealthy you think you are, or even how on top of your finances you reckon you are, debts can appear quickly. Particularly if you are not able to pay off debts, and/ or default on them, the interest hikes associated with such actions are likely to build and build over a short period of time to a level where you don’t have the money the creditors are seeking.

It is at this point you are in serious trouble. Simply transferring you debts to other new accounts to take get a few more months low interest does not generally solve the problem. Getting the best impartial debt advice possible is your best bet. Spending more time avoiding the problem only makes things a lot worse. In the most awful of circumstances, you may end up loosing your business, having your house repossessed, or having to declare yourself bankrupt, in the process wiping any good credit scores clean off the face of this earth.

During hard times, such as exist at the moment with the global recession, spending should be curtailed, and placed only on the safest bet things. I Full post…