Here's why: http://www.consumerhelpcentral.com/student-loan-lawsuit-good-news/
For that good work, they awarded themselves a fee of $5,479.87.
All that's in line with their contract. Freedom Debt Relief gets a fee of 21%--not 21% of what they save you--21% of the total debt. So if they reduce your $10,000 debt by one dollar, Freedom Debt Relief charges a fee of $2100.
All that is spelled out in their contract. That's a rip-off, but all they promise is to settle some of your debts for something "less than you owe." Knocking down a total debt of $50,000 to $49,999 means they've kept their promise--and earned $10,500 doing it.
Here's my promise. For most people, filing bankruptcy is a better deal than Freedom Debt Relief.
- Fabricius & Fabricius PLLCAttorney, 2011 - present
- United States Bankruptcy CourtLaw Clerk to the Honorable William L. Stocks, 2009 - 2011
- University of North Carolina at Chapel HillJ.D. with Honors, 2006 - 2009
- North Carolina State UniversityM.Econ., 2004 - 2006
- North Carolina State UniversityChemical Engineering & Economics, 1999 - 2004
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Being above median income in bankruptcy changes the rules, but bankruptcy debt relief can still be available.
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