Freedom Debt Relief Review

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  • Easily tracked settlement progress
  • Customer service of high efficiency
  • Great industry standards and performance
Debt Consolidation VIEW BEST RATED

Freedom Debt Relief is a highly respected debt relief brand, with almost a two-decade history and thousands of positive reviews all over the US.

By Aleksandar Spasov | 18th December 2018

When it comes to proudly named debt consolidation companies, Freedom Debt Relief doesn’t fall away from the perfect center. Their company path has begun in 2002, thanks to the efforts of Stanford Business School members in the search for debt struggling solutions. Their main goal is to assist people with fewer possibilities to escape pilling debts and so far, they seem to be doing a great job. Since their start sixteen years ago, they have managed to reach the heights of debt settlement brands and comfortably continue their run today.

ProsCons
No upfront feesAvailable in 33 states only
Huge amounts of debt consideredNo debt-settlement guarantee
A list of free online resources at customer disposal
Customer support available via email and telephone
Eligibility Criteria
  • A minimum debt of $15,000 (unsecured)
How Much Does it Cost?

The first positive side of going for debt settlement with Freedom Debt Relief is the lack of upfront fees. They operate with the sole idea to first settle your debts and then proceed to charge their fees. All payments to them are placed in monthly funding through a trust account.

Depending on your total debt and monthly payment affordability, an ordinary settlement program between 24 and 48 months is to be expected. The service provider keeps it simple when it comes to enrollment fees – 18%-25% at max so customers can easily calculate how much they would end up paying and saving in all possible outcomes of the program.

With their updated terms of use, Freedom Debt Relief added a 60-month settlement program to their pool of services – it comes with a lower minimum fee of 15%. As for savings, you can expect a number between 15% and 35% at the end of the cycle.

For Example

“Instead of costs, let’s look at a saving example – a $60,000 total debt at an APR of 16,99% can get you a whopping $166,920 debt relief at the end of the program. Each monthly payment, in this case, accounts for $926 over 46 months.”

What Happens After Signing Up?

Signing up is just the first thing to do when engaging Freedom Debt Relief. After the free consultation, of course. Secondly, customers need to begin saving funds to settle their debts once they are negotiated properly by Freedom Debt Relief. An FDIC-secured trust account is set in place to hold your payments until this moment comes. It is easy to track the statistics in the account as the company’s website is designed to serve online users. It also enables a stop-point in contacting several creditors – Freedom Debt Relief covers each of them if you have added them to the debt list.

Negotiations are up for action after that. The debt relief establishment discusses possible settlements with each creditor separately. And once your account state reaches the needed sum, they contact them again to finalize the debt settling. Such a process requires a lot of experience and some tricks up the sleeve so make sure to trust only highly reviewed services when it comes to it. Keep in mind, debt relief attempts rarely succeed on the first try, so keep calm and let the professionals handle it.

Upon reaching a settlement amount, Freedom Debt Relief will inform you of each option for the taking. Only a unique personal authorization will grant them access to the trust account in order to pay off your debts. All that’s left is rebuilding the credit score which took a hit during the debt relief program.

Trust and Reputation

Not to raise it as a red flag but Freedom Debt Relief carries an A- BBB rating. As this shouldn’t concern you, it is still a thing to mention in order to inform you. Their rating, however, comes from a vast sea of customer reviews and this explains why an A+ is harder reached. Trustpilot, on the other hand, packs thousands of Freedom Debt Relief reviews, with an overall mark of Excellent.

As far as accreditation goes, the company is backed up by the AFCC and poses as a Platinum Member of the IAPDA. Those two are enough to guarantee transparent services and high quality of settlement skills alone. Anything further is left for the customer to praise.

Customer Support

Polite and friendly customer support employees are available for contact via email and telephone at Freedom Debt Relief. There isn’t a live chat function but we don’t see it as needed as both forms are speedy enough to resolve most issues within minutes. Just an advise, the phone option may be more beneficial for swifter solutions.

Reviewed by
Aleksandar Spasov
Aleksander is a freelancer from Bulgaria. He's travelled and is still travelling around the the world and has been writing and studying as he goes. He describes himself as a bit of a word freak and this is clear from his studies in English and Journalism. Although he is knowledgeable in a lot of areas, he has been researching and writing about anti-virus as his most recent interest. Read more.
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