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check legitimacy of debt resolution company
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10/18/2010 10:54 AM (PST)

Freedom Debt Group is a debt resolution agency that i am thinking of hiring to settle my business debts.
There parent company is Pacific Business management.
any information on the ligitimacy of these 2 companies would be appreciated as i am considering entrusting them with around $60,000. worth of debt.
There are so many scam debt resolution companies out their that it leaves one bewildered as to who to trust.
Any help would be greatly appreciated.
Thanks for your help in creating this forum.
Lawrence Davis
larrycd00@yahoo.com

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10/18/2010 1:22 PM (PST)

Hi Larry,

Do you have anymore information on the company? I found many listings for companies under the name Freedom Debt Group. An address or city/state, website and telephone number would be appreciated.

Also, check out the article on debt settlement posted in our "New Scams" section before you do anything, please. The article provides some in-depth info on this industry and you should be aware of the proposed rules on fees and disclosures that the FTC is considering for the debt settlement industry.

There are many reasons why the debt settlement industry is under scrutiny by the FBI, Secret Service, State Attorney Generals, and other financial crime regulators. This industry is rife with companies using predatory fee models and deceptive advertising. Don't fall for the ads that are all over television: they are produced by slick third party lead generators and oftentimes if you call the phone number you see on TV you will be speaking with the lead generator who will screen your call for distribution to any referral receiver who will pay. The FTC’s proposed rules will shut down the industry as it stands today - for good reason.

Have you tried a nonprofit credit counselor? Check out www.nfcc.org to be connected to a local accredited agency and also check out their "Debt Settlement Consumer Alert". Their national hotline is 800-388-2227.

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10/19/2010 8:24 PM (PST)

Hi Erin:
here is the phone number and address you requested for
Freedom Debt Group
Phone:
866-480-5213
Fax:
866-500-3200
E-mail:
info@freedomdebtgroup.com
Mailing Address:
3225 McLeod Dr., Ste 100
Las Vegas, NV 89121

let me know when you get a chance if you find out anything.
thanks again
larry

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