Is total debt freedom legit?
Total Debt Freedom is an Accredited Business with the Better Business Bureau, and carries an A+ rating. Before you do business with another company that offers credit card debt relief.
Can freedom debt relief be trusted?
Freedom Debt Relief is accredited by the American Fair Credit Council and the International Association of Professional Debt Arbitrators.
Is freedom debt being sued?
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today settled its lawsuit against Freedom Debt Relief, LLC, the nation’s largest debt-settlement services provider. The company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty.
Is national debt support Canada legit?
We have been receiving reports about a fake organization/call center calling Canadians and claiming to be from National Debt Relief. They have been asking for upfront fees and even requesting for the client’s credit card information. This is a scam. Please do not give them your credit card information.
How does total debt freedom work?
We negotiate with your creditors to reduce and eliminate your debt with a lump sum payment. The amount you owe is actually reduced before the payment is made. If you currently owe $25,000 and we arrange a 40% settlement you pay $10,000 directly to your creditors. You cannot borrow your way out of debt in most cases.
How do you calculate total debt?
Add the company’s short and long-term debt together to get the total debt. To find the net debt, add the amount of cash available in bank accounts and any cash equivalents that can be liquidated for cash. Then subtract the cash portion from the total debts.
What happens if you quit Freedom Debt Relief?
What Happens If I Stop Paying My Debt Management Plan? If you stop making monthly payments to your debt management plan, you will be removed from the program and your rates will shoot back up to their previous levels.
What percentage does Freedom Debt Relief charge?
After settling your debt, Freedom Debt Relief collects a fee based on your enrolled debt amount, state of residence, and other factors. Fees range from 15%-25%, averaging at 21.5%. We clearly explain our fees to clients before they enter our program, and our fees never go up once our clients begin their program.
What makes up total debt?
What is total debt? Total debt is calculated by adding up a company’s liabilities, or debts, which are categorized as short and long-term debt. They calculate the debt ratio by taking the total debt and dividing it by the total assets.
Who is the CEO of total debt freedom?
An error occurred while retrieving sharing information. Please try again later. Our Founder and CEO Richard Cooper has over 22 years of debt management experience, is a former collection industry insider and has contributed to several articles relating to consumer debt in Canada, blogger and a best selling personal finance author.
When did total debt freedom start in Canada?
Total Debt Freedom was founded in 2004 and is fully licensed and bonded. We are a next-generation debt relief company, with the goal of being recognized in Canada as a top provider of consumer credit card debt relief.
Do you need legal advice for total debt freedom?
Total Debt Freedom Inc. does not assume or pay any debt, nor does it provide legal advice or offer credit repair. If you need legal advice, you must consult with a licensed attorney. Individual results are highly dependant on successful completion of program and your ability to save funds.
Who is the CEO of debt management Canada?
Our Founder and CEO Richard Cooper has over 22 years of debt management experience, is a former collection industry insider and has contributed to several articles relating to consumer debt in Canada, blogger and a best selling personal finance author. Richard has also been featured by the following media outlets:
https://www.youtube.com/c/TotaldebtfreedomCa