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