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Freedom Debt Relief

Editor's Choice

4.6

(42,000+ reviews)

24-48 months, no upfront fees. BBB A+ rating, minimum $7,500 debt.
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$1B

Client debt resolved

1K

Satisfied Clients

Review of Freedom Debt Relief

Freedom Debt Relief is the country’s largest debt resolution company and has served over 1 million customers since 2002, with $18 billion in resolved debt. Freedom Debt Relief is the largest debt settlement services provider in the United States, with more than 1,600 employees and contractors, including more certified debt consultants than any other company operating in the U.S.

Freedom Debt Relief Summary

Freedom Debt Relief was established over 15 years ago as a company that would make every effort to ensure debt relief was made available and affordable to the average consumer. Human-centered, with certified consultants who have successfully negotiated settlements, the firm employs more than 1,600 employees in the U.S.

Benefits

Personalized Plans: Our debt experts tailor specific plans based on different financial scenarios and objectives.
*Based on the results of our customers who have successfully used Optimal Debt Solutions to resolve their debts, the average savings from their debts were $18,000.00.See the top options for debt relief in 2021 and find the cheapest company.

Negotiation Specialists: Trained consultants use their proven tools and experience to obtain the best possible creditor settlements.

Variation Program Options: It provides credit card counseling, debt consolidation, tax debt help, and debt settlement solutions.

Combination Customer Service: Continually support your questions and upgrade you 24/7_SPEED.

Lower Monthly Payment: A single smaller payment to the program is easier to manage than minimums to numerous creditors.

Potential Balance Reduction: Debt settlement works by negotiating to pay creditors far less than the amount originally owed.

Debt Management Education: Counseling helps establish the skills to circumvent debt relapse by helping you better manage your budget and spending habits in the long run.

Credentials

Rating: 4.6/5 stars, 42,000+ reviews on Trustpilot
Awards: A+ Better Business Bureau Accredited Business since 2002

How it Works

Freedom Debt Relief – A straightforward 5-step process with an average of 2-4 years debt-free. Each individual pays a specific monthly amount into an account from which settlement offers are negotiated. After approval, payments are debited automatically until all enrolled debts are paid off. Here, you will receive support 24/7 during the process.

How to Get Started

Their custom debt relief programs allow clients to easily view the amount of potential savings through Freedom Debt Relief. New clients may begin by choosing their total debt amount or speaking to one of its licensed debt consultants for a free analysis.

Program Options & Reputation

Credit Card Debt Relief

When efforts to negotiate with issuers, collection agencies, or debt buyers individually are unsuccessful, Freedom Debt Relief’s professional negotiators can apply their expertise to ensure clients owe as little as possible. This personalized help makes the often overwhelming credit card debt relief process doable.

Debt Consolidation

So, Freedom Debt Relief reviews all consolidated loans that can make the process cheaper and allow you to make one monthly payment. Like debt consolidation loans with better rates than the interest on outstanding credit accounts, homeowners may be eligible to refinance their mortgage, including unsecured debt.

Getting Out of Debt

It is an intricate system, so it is advisable to seek help from Freedom Debt Relief to provide assistance and get started on a debt solution that ensures you have the peace of mind you seek. That includes credit card counseling, where they talk to you about negotiating lower rates, waiving fees, and paying interest over 3-5 years. The debt settlement program is their front-runner and can finalize balances for much less than the money owed.

FDR Program Cost

Freedom Debt Relief is clear about its fees, which are only charged upon successfully completing results. It is 100% free with no costs or monthly fees. The service fee is a small percentage of total enrolled unsecured debt (around 15-25%) and is collected as debt is successfully settled throughout the program’s term.

So if $10,000 worth of credit card debt is settled for $5,000, fees will amount to anywhere between 15% and 25% of the original $10,000 owed. Yet, the firm only keeps these fees when and only when full and final payments are rendered, so customers only pay for real economic alleviation obtained. Because our model is contingent on success, costs are directly tied to results, so our clients enjoy a smooth experience at every stage on the road to debt relief.

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COMMON QUESTION

Frequently Asked Question

Have questions about our lender reviews or how we assess lending platforms? Find answers to the most common inquiries below.
What is debt consolidation?
Debt consolidation is the process of combining multiple debts into a single loan or payment plan. This can simplify your financial management by reducing the number of payments you need to make each month and often securing a lower interest rate.
You can consolidate your debt through various methods, including taking out a debt consolidation loan, transferring balances to a low-interest credit card, or enrolling in a debt management program. Each option has its own benefits and requirements, so it’s essential to choose the one that best fits your financial situation.
Yes, debt consolidation can save you money by lowering your overall interest rates and reducing the total amount you owe over time. By consolidating your debts, you may also lower your monthly payments, making it easier to manage your finances and pay off your debt faster.
Research is key. Look for companies with strong reputations, transparent terms, and low fees. At Lender Reviews, we’ve handpicked top-rated companies based on detailed reviews, ensuring you find trustworthy providers with competitive interest rates and favorable terms. Be sure to compare options, read reviews, and check for accreditations before making a decision.
Debt consolidation combines multiple debts into one loan with a lower interest rate, while debt settlement involves negotiating with creditors to pay less than what you owe. Debt settlement may have a more negative impact on your credit score compared to consolidation.
Initially, applying for debt consolidation can result in a small dip in your credit score due to a hard inquiry. However, over time, successfully consolidating and repaying your debts can improve your score by lowering your credit utilization ratio and simplifying payments.

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