Friday 12th of October 2018 09:41:00 AM
I really want to give them a lower rating than 2, but I am partially to blame for even deciding that this was the best move for me financially. I initially was a part of freedom debt relief and I had to pay a monthly amount was always on time and my credit cards were being resolved. The process however was quite slow and my credit was plummeting. In rolls this partner of freedom debt relief, consolidation plus saying they could settle everything faster which at the time seemed like a better idea. Let me be the first to tell you IT WAS A HORRIBLE IDEA! Now I am stuck with a 22.9% interest rate and paying way more than I would have if I would’ve just followed the Ramsey method. None of the interest rates on my credit cards were as high as what I am currently paying. This was probably the worst decision I could’ve made for myself financially. If they were really interested in helping people I am not saying there should be no interest, but obviously coming into a program like this you feel overwhelmed. I am still currently overwhelmed as over $500 a month is being pulled out of my account and the 17,000 I was loaned has barely gone down. Just deal with the credit cards, in the end you will pay the same anyway and you won’t have to worry about being stuck in a high interest consolidation loan, more stressed than you were before. Oh and they are not willing to negotiate lower interest even though you never miss a payment. They got me this time to make a decision in desperation but please if you are reading this truly do the math you will not end up saving as much as you think after all of the fees and the interest.