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#40
Debt Free League company image

Debt Free League

Customer Service Needs Major Improvement, A Lot of Unknown Details About This Company

Our Score
2.4
User Score
--

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Our Score
2.4
User Score
--
Rank this Company

Ratings Breakdown

Price

% of debt total enrolled
25%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
10 Years

Min. Debt

Min. debt accepted
$2,500-$5,000

Guarantee

money back guarantee?
Unknown

Number of Reviews

User reviews here on BDC
0

This Review is maintained by

Review Last Updated: December 21, 2016

Debt Free League was founded by Victor Chevalier and offered consumers settlement services as an alternative to bankruptcy

Rank Chart
Price (% of debt)
Smallest Debt Accepted
Review

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#40
Debt Free League company image

25%
$2,500-$5,000

The Good

This company operates as any other settlement company does by negotiating creditor debts on the client’s behalf. They have not provided a clear outline of their pricing structure on their company website. They do state, however, clients may be able to realize a savings of 50 percent of the total amount of debt enrolled into their settlement program before company fees are assessed. After fees, the company claims clients will realize a 75 percent reduction overall. This leads us to believe their fees are based on a 25 percent model.

The claim to settle debts under a judgment is a bold one because these are court enforced documents. This creates an outlet for bank accounts to be dipped in or paychecks to be garnished. Once these actions take place, it will be more difficult for creditors to choose settling because they already have access to your bank account and check.

This company claims to settle client debts under a 12 to 48 months term structure, which is fairly reasonable and are term lengths offered by many of the leading industry competitors. However, keep in mind that a 48 month term will open new doors for litigation as well as a continuance of interest accrual on each creditor account.

We like the fact that this company has listed many of the nation’s top creditor information on their website. Creditors include Citibank, American Express, Nationwide Credit Corp., CitiFinancial, among hundreds of other financial institutions, credit unions, mortgage companies and department stores.

Highlights to this company include:

    • Free consultation
    • Low minimum enrollment
    • Hundreds of creditor contact information

The Bad

First off, we simply are not sure whether this company is still operating as we have not received any return calls or emails.

Additionally, this company completely lacks transparency as well as any accreditation with the AFCC and certification by the IAPDA. They provide few resources to consumers, although they provide a blog, which we found to be extremely outdated with the last post being in 2012.

The Bottom Line

The bottom line is this: we don’t know if the company is operating and highly recommend several other companies on our list as this company lacks almost anything a credible settlement company would have.

We would suggest looking at the top recommended companies on this site.

Price

Price will vary depending on each individual situation.

Up-Front Fees

No fees are charged upfront for settlement services.

Free Consultation

There is no cost for the initial consultation.  This may be done via an online form (accessible from the company’s website) or by telephone.  For those needing information outside of business hours, the online form is another option.  One of the fields on the form allows prospective clients to essentially schedule an appointment for a follow up call.  The date of the return call does not appear, so it is unclear if the window is automatically set for the next business day or may be for a day or two later.

Time in Business

8 years. Since January, 2006.

Debt Education

The Debt Free League has a variety of articles on their website about debt.  These articles range from educating about how debt affects families, debt as a trigger for depression, signals that your debt is nearing a “danger range” and how to get help for your debt problems.  Debt Free League also includes resources on avoiding debt relief scams.  The company also has a thorough FAQ page on their website that addresses many issues about debt settlement and credit scores in general.  Debt Free League has a  Facebook page that has a few informative videos about their services and debt in general.  This page (started in 2011) is not frequently updated.

Money-Back Guarantee / Cancellation Policy

Unknown.

Unsecured vs. Secured Loans

As with most debt settlement companies, Debt Free League works with unsecured debts.  These include credit cards, medical bills, back taxes, business debt and unsecured personal loans.  Mortgages, auto and student loans are not eligible for this program.

Mobile-Friendly Site

This company does not have a website that is optimized for mobile access, although  it can be navigated on a mobile device with little difficulty.  Debt Free League does not have a mobile app available.

Contact Information

Email Address:

[email protected]

Address: 

2667 Camino Del Rio South

Suite 105

San Diego, CA 92108

Business Hours: 

Open Mon-Fri 8:00 am-4:00 pm PST

Services Provided

Debt Free League offers debt settlement services to people with at least $5,000 of unsecured debt.  They offer a Debt-to-Freedom plan that allows consumers to settle their debt for a percentage of what they owe.

Minimum Debt Accepted

$5,000 of unsecured debt is the minimum of debt necessary for Debt Free League to help you settle your debt with their Debt-to-Freedom plan.

Online Dashboard

No, there is no dashboard available currently on their website.

Accreditations

No, this business is not accredited with the AFCC or IAPDA.

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Poll

  • When looking for a debt settlement company, which of these two aspects is most important to you?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Real Reviews (yes they’re real)

With so many debt relief companies out there, and a lack of sites willing to bring you the HONEST breakdowns of each company, what source can you turn to for the real information you can trust?

We are dedicated to bringing the truth out, and rank debt relief companies as they should be. Through our investigation, and experience with each company, we rank each company, and bring you our honest, unbiased opinion. We also include authentic user reviews by past customers of each company that are moderated and verified.

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Our Score
2.4
User Score
--
Rank this Company

Ratings Breakdown

Price

% of debt total enrolled
25%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
10 Years

Min. Debt

Min. debt accepted
$2,500-$5,000

Guarantee

money back guarantee?
Unknown

Number of Reviews

User reviews here on BDC
0
Our Score
9.1
User Score
8.9
Rank this Company

Ratings Breakdown

Price

% of total debt
15-25%

Accreditations

AFCC or IAPDA
AFCC & IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
15 Years

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
863