Released: November 09, 2017
CFPB suing Freedom Debt Relief for deceiving customers
Source: Ben Lane, Housingwire
Freedom Debt Relief, the nation’s largest debt settlement services provider, built its business on lying to its customers about the company’s ability to negotiate debt settlements, the Consumer Financial Protection Bureau claims.
According to the CFPB, Freedom collects fees from customers without settling their debts as promised, makes customers negotiate their own settlements, misleads them about the company’s fees and the scope of its services, and fails to inform them of their rights to money they deposited with the company.
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