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THI was enrolled with Freedom Debt Relief for almost 3 years—so trust me, I know from experience.
These companies promise to help you settle your debt, but here’s what actually happens when you enroll with a debt settlement (or “debt relief”) company:
❌️ They tell you to stop paying your debts entirely
❌️ You start sending monthly payments to them instead
❌️ They hold your money in a separate account and wait until there’s “enough” to try to negotiate
❌️ Meanwhile, your debts go late, get sent to collections, and your credit tanks
❌️ You’re still being charged fees—often up to 25% of your enrolled debt
❌️ And here’s the worst part: there’s no guarantee your creditors will settle
It sounds like help—but in reality, it can cost you your peace, your credit, and even more money.
Here’s what I recommend instead:
✅️ Call your creditors and negotiate directly. It’s scary, but it works—and you keep control.
✅️ Look into consolidating with a lower-interest personal loan to streamline payments.
✅️ Use the Avalanche or Snowball method to pay off your debt with a plan that fits your life, not someone else’s pocket.
You don’t need to hand over your financial future to a company that profits from your struggle.
You need a plan that builds your confidence, protects your credit, and actually helps you move forward.
I’ve been there. I know what it feels like to want a way out.
But real debt freedom doesn’t come from outsourcing your decisions. These companies just aren't worth it! 🤷🏻♀️
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@thebudgetmom
