Free Life Financial Corporation Review

Free Life Financial Corporation is a debt mediation company based in San Francisco, CA. Debt mediation is not a new method of eliminating debt. In fact consumers who are struggling with debt and looking for an option before filing for bankruptcy, probably recognize this process as it is more commonly called: debt settlement or debt negotiation. The end result and process is the same, getting out of debt as quickly as possible without going the extreme route of filing for bankruptcy.

Here are some quick facts about Free Life Financial Corporation (FLF):

Business Start Date:- October 2006

Number of Employees:- 25

BBB Rating:- D-

BBB Complaints:- 0 complaints in the last 36 month reporting period

Fee Information:- Unknown

Escrow Available?:- Unknown

Source of Funds:- Client payments

Fee Structure:- Unknown

Avg. % Settled:- Unknown

Refund Policy:- Unknown

Minimum Debt Required:-$10,000 unsecured debt

About the Company:

This company is approaching their third full year of business and currently has a D- rating on the Better Business Bureau. The BBB reports that they have received 0 complaints in the last 36 month reporting period. The D- rating is based on: the length of time this business has been operating and the industry in which it operates. FLF Corp is not an accredited BBB business and is classified under Debt negotiation/settlement companies, and Credit & Debit Counseling.

The Program:

FLF offers the basic debt “settlement” process which involves negotiating with creditors to reduce the amount of money you owe on your accounts. This program is geared for individuals who are facing a financial hardship and are either behind or about to fall behind on their payments, and have no other resources to fulfill their financial obligations. To find out if you qualify you simply have to fill out a Free, no obligation online form. A consultant will contact you and go over your personal financial situation to determine if their program is right for you. If you qualify the fee structure will be disclosed before moving forward with the program.

Website Experience :

After going over the information provided on this website I am left with a feeling of ambivalence. I feel there is a lot of information that is missing on this website that could be added to make things more clear for visitors. While I understand that most debt settlement companies do not quote their rates online, it would be nice to at least have an “idea” how their fee structure is set up. The website itself is pretty bare bones, however the information that is provided covers many of the important issues that visitors should be aware of if entertaining debt settlement as an option for eliminating debt. Since the website is short on specific information there is not a lot to go on to determine if they are a good option for potential clients.