Financial Freedom Of America offers 4 programs. Debt negotiation program, consolidation program, bankruptcy, and credit restoration. Financial Freedom of America's debt negotiation program is rip off and a scam. I do not know about the other programs but I know that where there is smoke there is fire and I would not trust the other programs of Financial Freedom of America.
When you sign up for Financial Freedom of America, you are told to sign a contract so they can negotiate your debt to around 45 cents on the dollar. If you agree to this, you are also giving your banking info and giving them the right to charge $360 a month to extract from your bank account, which will go towards paying off the negotiated debt.
But here is actually what happens. They take $360 a month directly from your account, and never negotiate your debt. Ever! If you are patient with them, it may take your months - years to figure out that Financial Freedom of America is a scam and you are being ripped off. And in order to cancel the contract it costs $300.
How do they continue? Because you are strong armed into signing the contract, thinking they will do what they say, and by the time you figure out they won't, you have lost thousands.
They did return emails, but never phone calls. They blamed it on bad communication, but in the end, no debt was negotiated and I only lost money. They also tried to get me to open up an extra escrow account, saying they need to have the additional money to better negotiate the debt. Luckily, I refused this and then began to question them. If you do open up an additional account, it is very doubtful you will see that money again. They will drag out the process for as long as possible.
Financial Freedom of America is a rip off, a scam, and although from time to time they actually do their job to keep up appearances, they are out to rip you off and take advantage of people trying to sort out credit problems.
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