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#40
Debt Free League company image

Debt Free League Reviews

Reviews of Debt Free League from real customers
(0 verified)

Our Score
2.4
User Score
--

See Top Rated

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

Overall Score

Based on ranking criteria
2.4 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10

This Review is maintained by

Review Last Updated: November 15, 2018

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 in 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 to settle 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 of this company include:

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

Best Debt Settlement Companies

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.

Compare to Top-Ranked Companies

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.

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  • 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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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

Overall Score

Based on ranking criteria
2.4 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10
Our Score
9.1
User Score
9.0
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
992

Overall Score

Based on ranking criteria
2.4 /10