Hi, I almost signed up with Freedom Debt Relief bu

Hi, I almost signed up with Freedom Debt Relief but I've read the BBB gives them an "F".

So I have approx. $22,000 in unsecured debt from two accounts.

What would be the best/honest way to restructure or consolidate with the lowest hit to the credit rating?

3 Answers

You can enroll in a debt consolidation program where the debt consultants will negotiate with your creditors to reduce the interest rates on the debts. The consultants will analyze your financial situation and try to arrange an affordable repayment plan for you. Thereafter, you'll have to make a single monthly payment to the consolidation company till the debt is paid off.


The best way to repay your debts by hurting your credit score the least is through a credit counseling agency. You can repay your debts by following the advice of the expert counselors who would help you deal with your distressed finances. If they think that you can't repay your debts by simply managing your finances, they will sign up with a DMP and you can repay your debts in single affordable monthly payments that are within your budget.


Your credit is going to take the hit anyway you go....you are not paying as agreed.

 

Who do you owe???  Can you give us more information???

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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