Debt Relief / Lawyer / Anchor Law Firm

Anchor Law Firm Reviews: 3 Things to Know

Written by Ascend Team
Updated Jan 30th, 2024
1/29/2024 Update: Anchor Law Firm was mentioned in the CFPB lawsuit against SFS for deceptive debt relief practices.

As such, I shot this video. Please considering watching the video and then calling or texting me at 408-543-8617 if you have any questions about your options next.

Did you recently enroll in a program with Anchor Law Firm?  Did you originally receive a mailer to pitch a debt consolidation loan to you via mailer and then told you that you didn't qualify? 

Is Anchor Law settling your debt, but are you paying fees before settlements have been paid (as it's law firm)?

Has Your Credit Been Negatively Affected? What Are Good Debt Consolidation Alternatives?

You joined a debt consolidation program, and now you may have been sued for unpaid debt and your credit score may have plummeted. So, what are alternatives to debt consolidation? 

We built a free debt consolidation alternatives calculator below that compares cost, duration, and pros and cons of key debt consolidation alternatives.

Let’s go through the reviews.

Also, if you have been involved with Anchor Law Firm, please consider calling me at 833-272-3631 as I am constantly adding more information to this article that can help other users.

Anchor Law Firm Reviews

In my opinion, two of the most unbiased, holistic review sites are BBB reviews and complaints and Google reviews. It may tend to be a bit more negative, but it seems to be a source of information.

What I found surprising was that there was a current BBB alert for Anchor Law Firm showing a pattern of complaints. 

BBB updated that there have been many complaints, so they put a warning

So, what are the other reviews?


On BBB, Anchor Law Firm currently has a 1/5 rating based on 12 reviews, and an F rating. When I see these types of reviews, I wonder whether someone else is signing people up for Anchor Law Firm, and that Anchor Law Firm is not doing direct marketing.

Anchor Law Firm has an F rating on BBB

One of the reviews, such as this one, speaks about how they believe Anchor Law wants to fool the people they are working with. They mentioned being encouraged to input more money into the program to speed up the process. When they asked how much time it would take off, they could not get a straightforward answer. 

One BBB complaint stating they felt betrayed

Another BBB review stating they ended up paying more than their original debt amount


On Google, Anchor Law Firm has a 2.9 rating based on 123 reviews.

Anchor Law Firm Google reviews and rating

One of the biggest things I took from the Google reviews is that a common consensus was that Anchor Law would make promises they couldn’t meet. They weren’t actually using the money you paid to work with your creditors. A lot of reviews mentioned that their creditors sued them (which is a potential in any debt settlement program) but Anchor Law didn’t help represent them in any way, which resulted in them having to close their accounts. Other reviews mentioned that they tried to add on more fees as the time passed, which would result in them paying more than the original debt. 

A Google review saying they wish they could give the company 0 stars

Another Google review stating they wish they didn't sign up with Anchor Law

So, What is Anchor Law Firm?

Anchor Law Firm appears to be a law firm that is pitching debt settlement. I wouldn’t be surprised if Anchor Law Firm was tied to a much bigger organization as it appears that there are more of these firms that have similarities. 

When I look at these companies, I like to understand how old the website is and see any information I can about the company.

What I found interesting is that Anchor Law Firm website per Wayback machine has been around for quite a few years, so it appears that the company has been around for a while. 

Anchor Law Firm on August 11 2016 per Wayback machine

Your Options

You may be wondering where you can go from here? If you have any personal experiences to add to this article, please consider contacting me at 833-272-3631. I’d love to hear about your experience.

If you would like to stay with Anchor Law Firm, you may want to read the Client Services Agreement in its entirety. If they are taking out fees before settlement, why are they doing that? What are they actually doing for you and what’s the percentage fee they charge?

If you’d like to cancel, you may be able to contact them directly, but you may also have to get assistance from your bank if they do not allow you to cancel the program easily.