Freedom Debt Relief, one of America's largest debt settlement businesses, is a top choice. The Consumer Financial Protection Bureau filed a lawsuit against the company. The agency claims that Freedom Debt has engaged in deceptive and unethical practices that have harmed consumers. CFPB seeks monetary relief and civil penalties against the company.
According to the CFPB, Freedom Debt Relief didn't inform consumers that they had the right to cancel their participation and get a refund. It claims that customers were misled about the savings they would receive from their debts. It claims that the company failed to notify customers that their money was being held in an account that was theirs.
Freedom Debt Relief was charged with violating several consumer protection laws. This includes the Telemarketing Sales Rule. The company is also accused of engaging in high-pressure selling tactics and fraudulent activities. The CFPB is seeking monetary relief and injunctive relief.
Freedom Debt Relief is also being sued by the New York State Attorney General's Office. They claim that Freedom Debt Relief failed to give clients adequate notice about their rights to withdraw from its program, and that this led to consumer harm. Freedom was also accused by making false statements about the company’s ability to negotiate terms with creditors.
Freedom failed to provide transparency about billing and payment processes, according the complaint. Freedom did not have access or control over the consumer's accounts. Customers who are enrolled in the program negotiate with their creditors to reduce the amount of debt. Freedom will collect the full fee if the creditor refuses negotiations. And this does not always happen.
Freedom Debt Relief has been accused of charging upfront fees even though the debt is not yet settled. The company claimed it could not charge the client until the debt was settled. As a result many clients who were enrolled in that program lost money they had already saved. If the company had told clients that they could have withdrawn from the program and received a refund, this may have prevented some of the fraud.
Freedom Debt Relief also has a problem with their ownership structure. Andrew Housser, the company's co-founder and co-CEO, continues to oversee the company's operations, which includes approving its policies. He was also reported to have known that Freedom's creditors weren't willing negotiate with him. He may also have known that Freedom took payments from consumers, but not with the creditor.
Consumers should be aware that Freedom uses deceptive, unethical practices regardless of the reason they are suing Freedom. Those who have experienced similar problems with the company should consult a lawyer to learn more about their rights and options. A lawyer will be able to help you devise a strategy, gather evidence and help you win your case.
FAQ
What is the easiest way to make passive income?
There are many ways to make money online. However, most of these require more effort and time than you might think. How do you make extra cash easy?
The solution is to find what you enjoy, blogging, writing or selling. You can then monetize your passion.
For example, let's say you enjoy creating blog posts. You can start a blog that shares useful information about topics in your niche. Then, when readers click on links within those articles, sign them up for emails or follow you on social media sites.
This is known as affiliate marketing and you can find many resources to help get started. Here are some examples of 101 affiliate marketing tools, tips & resources.
A blog could be another way to make passive income. Again, you will need to find a topic which you love teaching. After you've created your website, you can start offering ebooks and courses to make money.
There are many ways to make money online, but the best ones are usually the simplest. If you really want to make money online, focus on building websites or blogs that provide useful information.
Once your website is built, you can promote it via social media sites such as Facebook, Twitter, LinkedIn and Pinterest. This is called content marketing, and it's a great method to drive traffic to your website.
What side hustles make the most profit?
Side hustle is an industry term that refers to any additional income streams that supplement your main source.
Side hustles are important as they can provide additional income for bills or fun activities.
Side hustles not only help you save money for retirement but also give you flexibility and can increase your earning potential.
There are two types. Online side hustles can be passive or active. These include ecommerce shops, blogging and freelancing. Active side hustles include jobs such as dog walking, tutoring, and selling items on eBay.
Side hustles that are right for you fit in your daily life. Consider starting a business in fitness if your passion is working out. If you enjoy spending time outdoors, consider becoming a freelance landscaper.
Side hustles can be found everywhere. Look for opportunities where you already spend time -- whether it's volunteering or taking classes.
You might open your own design studio if you are skilled in graphic design. Or perhaps you have skills in writing, so why not become a ghostwriter?
Whatever side hustle you choose, be sure to do thorough research and planning ahead of time. This way, when the opportunity arises, you'll be ready to jump right in and take advantage of it.
Side hustles aren’t about making more money. They're about building wealth and creating freedom.
There are so many opportunities to make money that you don't have to give up, so why not get one?
What side hustles are most lucrative in 2022?
To create value for another person is the best way to make today's money. If you do this well, the money will follow.
Although you may not be aware of it, you have been creating value from day one. When you were little, you took your mommy's breastmilk and it gave you life. The best place to live was the one you created when you learned to walk.
If you keep giving value to others, you will continue making more. In fact, the more value you give, then the more you will get.
Value creation is a powerful force that everyone uses every day without even knowing it. You're creating value all day long, whether you're making dinner for your family or taking your children to school.
In actuality, Earth is home to nearly 7 billion people right now. That's almost 7 billion people on Earth right now. This means that each person creates a remarkable amount of value every single day. Even if you created $1 worth of value an hour, that's $7 million a year.
You could add $100 per week to someone's daily life if you found ten more. That would make you an additional $700,000 annually. You would earn far more than you are currently earning working full-time.
Let's imagine you wanted to make that number double. Let's say you found 20 ways to add $200 to someone's life per month. Not only would you earn another $14.4 million dollars annually, you'd also become incredibly wealthy.
Every day offers millions of opportunities to add value. This includes selling products, ideas, services, and information.
Although our focus is often on income streams and careers, these are not the only things that matter. The real goal is to help other people achieve their goals.
You can get ahead if you focus on creating value. You can start by using my free guide: How To Create Value And Get Paid For It.
Why is personal finance so important?
Anyone who is serious about financial success must be able to manage their finances. We live in a world where money is tight, and we often have to make difficult decisions about how to spend our hard-earned cash.
So why do we put off saving money? Is there something better to invest our time and effort on?
Both yes and no. Yes because most people feel guilty about saving money. You can't, as the more money that you earn, you have more investment opportunities.
Focusing on the big picture will help you justify spending your money.
You must learn to control your emotions in order to be financially successful. When you focus on the negative aspects of your situation, you won't have any positive thoughts to support you.
Unrealistic expectations may also be a factor in how much you will end up with. This is because you aren't able to manage your finances effectively.
Once you have mastered these skills you will be ready for the next step, learning how budgeting works.
Budgeting refers to the practice of setting aside a portion each month for future expenses. Planning will help you avoid unnecessary purchases and make sure you have enough money to pay your bills.
Now that you are able to effectively allocate your resources, you can look forward to a brighter future.
How to make passive income?
To generate consistent earnings from one source, you have to understand why people buy what they buy.
It is important to understand people's needs and wants. You must learn how to connect with people and sell to them.
You must then figure out how you can convert leads into customers. The final step is to master customer service in order to keep happy clients.
Although you might not know it, every product and service has a customer. And if you know who that buyer is, you can design your entire business around serving him/her.
A lot of work is required to become a millionaire. It takes even more work to become a billionaire. Why? Because to become a millionaire, you first have to become a thousandaire.
Then, you will need to become millionaire. Finally, you must become a billionaire. The same goes for becoming a billionaire.
How do you become a billionaire. It starts by being a millionaire. All you have do is earn money to get there.
But before you can begin earning money, you have to get started. Let's discuss how to get started.
What is the difference between passive and active income?
Passive income refers to making money while not working. Active income requires effort and hard work.
You create value for another person and earn active income. It is when someone buys a product or service you have created. Examples include creating a website, selling products online and writing an ebook.
Passive income is great as it allows you more time to do important things while still making money. But most people aren't interested in working for themselves. Instead, they decide to focus their energy and time on passive income.
Problem is, passive income won't last forever. If you are not quick enough to start generating passive income you could run out.
If you spend too long trying to make passive income, you run the risk that your efforts will burn out. You should start immediately. You will miss opportunities to maximize your earnings potential if you put off building passive income.
There are three types or passive income streams.
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Businesses - these include owning a franchise, starting a blog, becoming a freelancer, and renting out the property such as real estate
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Investments - these include stocks and bonds, mutual funds, and ETFs
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Real Estate: This covers buying land, renting out properties, flipping houses and investing into commercial real estate.
Statistics
- Etsy boasted about 96 million active buyers and grossed over $13.5 billion in merchandise sales in 2021, according to data from Statista. (nerdwallet.com)
- As mortgage rates dip below 7%, ‘millennials should jump at a 6% mortgage like bears grabbing for honey' New homeowners and renters bear the brunt of October inflation — they're cutting back on eating out, entertainment and vacations to beat rising costs (marketwatch.com)
- 4 in 5 Americans (80%) say they put off financial decisions, and 35% of those delaying those decisions say it's because they feel overwhelmed at the thought of them. (nerdwallet.com)
- Mortgage rates hit 7.08%, Freddie Mac says Most Popular (marketwatch.com)
- These websites say they will pay you up to 92% of the card's value. (nerdwallet.com)
External Links
How To
You can increase cash flow by using passive income ideas
There are ways to make money online without having to do any hard work. Instead, you can make passive income at home.
There may be an existing business that could use automation. If you are thinking of starting a business, you might find that automating parts of your workflow can help you save time and increase productivity.
Your business will become more efficient the more it is automated. This means you will be able to spend more time working on growing your business rather than running it.
Outsourcing tasks is an excellent way to automate them. Outsourcing allows your business to be more focused on what is important. When you outsource a task, it is effectively delegating the responsibility to another person.
You can now focus on what is important to your business while someone else takes care of the details. Outsourcing can make it easier to grow your company because you won’t have to worry too much about the small things.
Another option is to turn your hobby into a side hustle. You can also use your talents to create an online product or service. This will help you generate additional cash flow.
For example, if you enjoy writing, why not write articles? There are plenty of sites where you can publish your articles. These websites allow you to make additional monthly cash by paying per article.
Also, you can create videos. Many platforms enable you to upload videos directly onto YouTube or Vimeo. When you upload these videos, you'll get traffic to both your website and social networks.
One last way to make money is to invest in stocks and shares. Investing is similar as investing in real property. You are instead paid rent. Instead, you receive dividends.
These shares are part of your dividend when you purchase shares. The size of the dividend you receive will depend on how many stocks you purchase.
If you sell your shares later, you can reinvest the profits back into buying more shares. This way you'll continue to be paid dividends.