Freedom Debt Relief is an accredited debt settlement company based in California. The business has served more than 650,000 consumers and resolved over $10 billion in debt since 2002.
Freedom Debt Relief offers debt settlement services, which provide a way to eliminate your debt by reducing what you owe. Freedom Debt Relief can have a negative impact on your credit, but the goal is to improve your situation over time.
Debt settlement is not an ideal solution but can be a last resort for those who have exhausted other alternatives and want to avoid bankruptcy.
Here is more about this firm and its services:
- Freedom Debt Relief is accredited by the American Fair Credit Council and the International Association of Professional Debt Arbitrators.
- Debts are typically resolved in two to four years.
- At least $7,500 in debt is required to enroll.
- Only unsecured debts are eligible.
- Settlement fees typically range from 15% to 25% with an average fee of 21.5%.
What
Freedom Debt Relief assists clients with settling unsecured debts, including:
- Credit card debt
- Medical bills
- Department store card debt
- Unsecured personal loan debt
The company may offer debt settlement relief for private student loans and some business debts on a case-by-case basis. It does not assist with secured debts, such as auto loans or mortgages, or federal student loans. After foreclosure or repossession, Freedom Debt Relief can add your loan balances to the program.
Freedom Debt Relief charges a fee typically ranging from 15% to 25% of the total debt in the program. Your fee depends on the amount of debt and your state of residence.
How Do I
Consumers must have at least $7,500 in debt and be behind on their payments to qualify for a debt settlement plan. Freedom Debt Relief works with people who face financial hardship that prevents them from making full monthly payments on their debts.
Does Freedom Debt Relief Provide Good
Freedom Debt Relief has a B rating with the Better Business Bureau. The company has an average of four and a half out of five stars on its 5,300+ reviews on Consumer Affairs.
Does Freedom Debt Relief Have
Potential clients can complete an online questionnaire to see whether they qualify for debt settlement with Freedom Debt Relief. Also, clients can view progress and payments on an online portal.
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