Freedom Debt Relief review: Debt relief is one of those industries that gets a bad rap because there are a numerous amount of companies that are looking to take advantage of people in debt by promising results and taking money without delivering. So it’s always good to be cautious when hiring a debt relief company. Freedom Debt Relief actually has a good reputation in the debt relief world, making it one of the most trusted names in the industry. That, combined with its reasonable rates and good customer service, make it a good choice for people seriously considering debt relief.
Freedom Debt Relief Disclosure: Clients who make all their monthly program deposits pay approximately 50 percent of their enrolled balance before fees, or 65 percent to 85 percent including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.
When you have trouble meeting your financial commitments, or can only make your minimum credit card payments each month, it can feel like an overwhelming mountain crushing down on you. After all, it can take decades to pay off a high-balance credit card when you only make the minimum payment each month. Plus, by the time you do pay it off, you will have spent several times the amount of your original purchases. That’s a big pill to swallow. If you can manage to pay more than the minimum, you can pay your debts off more rapidly, but that only works if you have the additional income to make extra payments. When you don’t, you need help, and Freedom Debt Relief reviews show it as a top option when you need help with unsecured debt.
Freedom Debt Relief can help you by examining your financial situation and providing a customized plan to help you get back on sound financial footing. If your credit is good, you can try for Freedom debt consolidation. With Freedom debt consolidation, you pay off all of your existing balances with one larger loan. You then have only a single payment to make each month, and it is usually substantially less than the total of the minimum payments you were making on each of your revolving credit accounts.
When your credit won’t allow you to get a loan, or you don’t have enough coming in to service your existing debt, you do have another option. Freedom debt solutions include debt settlement, so can negotiate with your creditors to reduce the amount you owe. The average reduction is 50 percent, so once you’ve added on their fees, you’re still looking at around a 30 percent savings. That can be significant when you are trying to pay off debt quickly. Plus, with debt reduction services, you put all your debts into a single pot and make one monthly payment the same way you would with debt consolidation. This makes it easier to pay off your debts and helps you free up some income each month.
Freedom Debt Relief is different from the competition in several ways. First, the company has been in business since 2002 and has settled more than $4 billion worth of debt for more than 40,000 customers. With more than 900 employees working on debt relief, the company is a giant in the industry with the necessary resources to tackle virtually any financial issue. The company’s experience as an industry leader clearly shows in Freedom Debt Relief reviews and services.
When working with Freedom Debt Relief, not only do you have access to debt consultants every day, but you also can call late in the evening. Their customer service line is open until 11:30 PM ET during the week, so you don’t have to worry about calling during work hours. This can be invaluable when you work nontraditional shifts or are in a different time zone. You can also access your dashboard 24/7, so you can see updates to your accounts and keep track of the payments you need to make.
Another big thing that makes Freedom Debt Relief a top choice is the fact that it doesn’t only offer ways to reduce your debts. Yes, the company does offer debt relief services that can help you get your unsecured debt paid off within two years, but it also offers services to help you get your spending under control. After all, paying off your debts doesn’t do much if you will be right back in the same position a few years down the road. To help avoid continuing issues with debt, Freedom Debt Relief offers credit counseling. This can also be helpful after you go through debt reduction. Paying less than the full amount you owe can affect your credit, so it is important to understand the best strategies for building it back up in the wake of your negotiated settlements.
With debt relief, you often see negative reviews and people who are not satisfied with the service. Freedom Debt Relief defies those expectations. Not only does it maintain an A+ rating with the Better Business Bureau, but its customers are routinely happy with the service.
Out of 470 total reviews, 83 percent are positive. Some of the most common reviews simply say what a great company Freedom Debt Relief is to work with. Others offer detailed insights into how the company was able to help. You’ll see people talking about paying off debts of more than $60,000 in just over a year. Plus, as you start the process, one of the first things you do is change your address and contact information. Instead of calling you and sending you mail, all of that is rerouted to Freedom Debt Relief. So, not only do you get more financial freedom, but you also get to avoid the harassment and embarrassment of constantly getting calls from creditors.
Some debts will be negotiated in just a few months, and as you start paying off your most pressing debts, you can continue to enroll additional accounts. You may even qualify for accelerated programs that include debt consolidation, so you can improve your credit score even as you get relief from some of your worst debts.
If you have a lot of unsecured debt that you can’t pay in a timely fashion, Freedom Debt Relief might be exactly what you need. Life changes can also change your financial picture. A sudden injury, the birth of a child, job loss or dozens of other situations can impact your ability to pay your debts. When that happens, some of your debts can be negotiated down. You can’t use debt relief on things like home loans or auto loans, but you can use it for unsecured debt like personal lines of credit, business debts or credit card accounts.
If you have more than $15,000 in unsecured debt — debt that is not secured by tangible property — you can qualify to work with Freedom Debt Relief. Certified debt consultants can look at your financial situation and make recommendations specific to you. They can also provide guidance on how to tackle your debts without using debt relief programs. If you don’t qualify or if you can manage to pay off your debts without debt relief, you may want to handle the situation directly.
Debt relief services are best for those consumers who have a lot of unsecured debt and have trouble even making the minimum payment. When that happens. Freedom Debt Relief can help create a plan, negotiate down your debts and consolidate your enrolled debt into a single, lower monthly payment. To find out what Freedom Debt Relief can do for you, get in touch with one of their consultants. You pay nothing until negotiations are completed with your creditors, so if Freedom Debt Relief can’t save you money, you don’t lose anything by trying. Keep in mind that debt relief companies do not do anything to help your credit score, so if you have a low credit score, even after fixing your debt, you may want to look into a top credit repair service to help you with that.
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