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Anchor Law Firm Reviews: 3 Things to Know

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Ben
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 this video to learn more.
 
 

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?

BBB

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

 

Google

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

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.

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Reviews

★★★★★

5.0 stars from 280+ reviews

Synthia DuBose

 08/21/2023

My family was grappling with the burden of credit card debt. We had explored various avenues, including debt relief companies and consolidation loans, but everything seemed dubious and left us feeling uncertain. That all changed when I came across Ascend and had the opportunity to connect with Justin. He reached out to me on the very same day, and from that point forward, things took a turn for the better.

I provided Justin with an overview of our financial situation, our objectives, and the timeline we hoped to achieve our goals within. He promptly outlined the possible courses of action and presented a thorough breakdown of our various options. What truly stood out was Justin’s approach—he never pressured me into making a quick decision. Instead, he offered me the information and allowed me to ask questions at my own pace.

Upon selecting the path we wanted to pursue, Justin facilitated our connection with a non-profit organization. Much to our delight, they exhibited the same level of courtesy, expertise, and patience that Justin had demonstrated. In retrospect, the entire experience instilled a sense of confidence within us. We now believe we have a solid foundation and are well on our way to achieving financial success!

Dahveed Krisna

 07/26/2022

Ben and his assistant Jeffrey from Ascend Finance did an awesome job helping me to find an attorney who could talk with me openly and honestly about Chapter 13 as an option for my financial situation. Before finding out about Ascend’s bankruptcy calculators, I was stuck on a wheel of countless offers for consolidation loans, but always steered towards debt settlement or debt management plans over and over again due to my credit score and high utilization percentage. Based on data I entered into Ascend’s calculator, Ben and Jeffrey reviewed my situation and quickly connected me with a skillful, experienced bankruptcy attorney. I finally feel like I’m on the best path to being debt free; one that will save me a lot more money than any of the debt settlement or debt management programs that other companies and agencies have offered me… THANKS Ben, Jeffrey and Ascend!!

JorJor Binks

 02/09/2024

These guys are truly a beacon for those of us with too much debt. From the start where I found Ben on the YouTube channel Ascend I have been treated as a real person by real people. Even getting a personal call helping me figure things out. I went through one of the lawyers recommended by Ascend and as of January 2nd I am debt discharged, and already have a great credit card from Mission Lane for $2000. Things are getting back into place and my life feels so much less stressful due to the weight of debt being off my shoulders.

PLEASE give these guys a call if you are even considering any sort of debt relief be it bankruptcy, consolidation, or whatever other types of debt relief are out there. I can’t thank the Ascend team enough. (I was not paid to post this, or told to do this. I am genuinely so thankful to have the help when I needed it most♥️)

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