What is your opinion on freedom debt solution?

im deciding on trying it...should I?

These firms have you deliberately default on your credit cards to settle for less. When you use such a firm, the monthly payment you make is going towards their settlement fees and to build a settlement account. Their fees are taken out first. Your credit cards will not be paid and will go into complete default during this process, which ruins your credit rating. This is deliberate so that they can attempt settlements for 50%.

People signing up with debt settlement firms often have the mistaken impression that their creditors will gladly work with such companies..or that they are obligated to accept settlements. You can never predict how your creditors will respond..they might settle at 50%...or they might serve you a summons, take you to court...and if they win, you could be looking at wage garnishment. If the process fails you can end up in a much worse financial situation.

If you're struggling with credit card debt and you've exhausted all self help options, then there are really only 2 options: Entering a debt management plan through a non profit credit counseling firm like CCCS. They can negotiate reduced payments and interest but NOT settlements. Referral at: http://www.nfcc.org - If this does not work out, the other option is Chapter 7 bankruptcy.

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Well it depend s on the amount of money you owe, they will certainly will put you back on the right track

It's a debt settlement company. In the process of debt settlement, you ignore your bills while the company contacts your creditors to convince them to be a part of the plan. The point is that your creditors will agree to be a part of the plan when they realize that you aren't (supposedly can't) pay your bills.

This will ruin your credit. And your reports will have a notation that you went through settlement.

Try a free credit counseling service. They should be able to help you find a way to pay your bills. If that doesn't work, try a debt management company, which is a different type of company. With debt management, you continue to pay your bills while the company contacts your creditors, you pay all of your debt, and your credit reports aren't notated with this.

I myself had some credit card problems a few years ago and I found CareOne Credit. But you can find one that you prefer to work with. The most important things to remember are that your creditors don't have to agree to participate in the plan, you have to be disciplined with payments, due dates, and other details, and the reputable companies don't promise that they can fix your credit. Your credit gets fixed overtime from you paying your bills.

In both of the latter solutions, you will have pay a fee.

Good luck.

Would you jump off a diving board 20 ft up into a pool with no water?