Five Lakes Law Group Reviews

I had no problem with 5 Lakes the first two years until an aggressive credit card company refused to settle and take me to court. I had to pay extra every paycheck because they couldn’t do what they said they could do. I signed up for debt relief and the lawyer I talked to in the beginning said they work with these credit card companies all the time and never had an issue. 5 Lakes had to “dip” into my escrow to pay the aggressive credit card company off with no negotiation and I had to pay extra to keep up my escrow balance for the two I’m currently paying off. There is another credit card I have that’s being aggressive and 5 lakes contacted me to pay yet, extra again, because they can’t get it negotiated. I refused because I can’t afford it. They declined offer and are negotiating yet again. I signed up for one amount every paycheck, that’s all I’m paying. 5 lakes is getting paid to negotiate and that’s what they need to do. I’m too far in to stop now.

The customer service was exemplary! I was in contact with Josie and Barra, both were extremely patient and knowledgeable. There were times during the long conversation, I was a little anxious and I explained my concerns to the ladies. They listened and addressed the concerns and I felt reassured I had made the right decision. They were extremely supportive and professional.

I thought it was a scam at first because my the people I owed money to tried to say they can help me more than them but they wanted me to take more loans to lower payments but all they wanted was for me to was take more loans and keep me in debt to them. I know they take about 27% for fees but the one monthly payment for all the multiple debts is like 382$. If didn’t do that my whole check will be going to pay all my debt. You can put in more to speed up the process or not, it’s up to you so I gave them a chance and I see the negative reviews and you don’t know what the people complaining about is entirely true or not so I just gave them a chance to see for myself.

BE CAREFUL!!! My total debt between 2 credit cards was less than $20,000. By the time Five Lakes negotiated settlements, with the additional late fees and penalties the banks charged, I am being charged more than the original debt: EXAMPLE. Original debt. $3999.29. Creditor balance by the time it was negotiated: $5073.37. Negotiated offer amount. $2526.69. Five Lakes Fee. $1,079.81. Paying it off early does not lower the Five Lakes Fee either! I was told someone would review the fees and had a phone appointment which was never received. I was also told that if I paid in extra $, this could be applied to the outstanding accounts - wrong info! By the time I am finished, I will have saved a whopping $392.79 plus the credit hit plus all the hassle!

I am still very nervous doing this. I have never done this before. I’m nervous about stopping all payments and how my credit score will even get worse. However talking to the nice young women made me relax a little bit. I started thinking how much worse can it get. My situation before signing up was very stressful and that was only getting worse and I felt I was sinking into a deep hole. But you guys assured me this will work and get better soon. I am putting my trust in you. I hope I am not let down. I will do what I said keeping up with the biweekly payments and I hope you keep your word too. Thank you for your help. My fingers are crossed. For now yes I would recommend you to family and friends. After I am done with the program I hope I can feel the same and write a better review.

I had an incredibly smooth and seamless experience working with this company on my debt consolidation. The entire process was handled with care and clarity, making what could have been a stressful situation completely anxiety-free. Every step was clearly communicated, and I felt supported the whole way through. I’m so grateful for their professionalism and efficiency—highly recommend if you’re looking for peace of mind and real results.

This whole experience has been very stressful. I have just been served for the 6th time and have had very little support from Five Lakes Law Group. I am in my 14th month with them. I am paying 330 every two weeks plus an addition 800-1000 more when they “settle an account”. They have negotiated two of my accounts on which I am paying one account 291 a month and one 126 a month. Three accounts I had to negotiate with my creditors and set up my own payments for out of my private bank account. One I pay 159 a month, one 200 a month and one 121 a month. Currently I was served three weeks ago for a 3700 account which I am having to go to court on my own about it and just got served again last week for a 1700 account which I will have to go to court about on my own again. Honestly at this point I will not be able to stay in the five lakes program, I cannot afford to keep sending them 330 every two weeks.

Five Lakes Law Group has been amazing to work with so far! Glenn C. was very informative and friendly, and made sure I understood every step of the debt settlement process. I feel confident knowing that I am in good hands.

This has been life changing for me. I can not thank the person I spoke with enough for explaining everything and taking the time to laugh and cry with me. I will never forget this experience. Thank you!!!

Super helpful with answering all of my questions, they explained how the process works very well, super thorough. They were spot on when they called. I wasn't waiting around. They made everything easy for me.