Review of Freedom Debt Relief
Debt relief up to $100k+
No upfront fees
Negotiates debt settlements on your behalf
Good credit not required
Who is Freedom Debt Relief?
Freedom Debt Relief offers a debt relief program for credit card debt, medical debt, personal loan debt, and more.
With their debt relief program they negotiate with your creditors to reduce your debt as much as possible, helping you get out of debt within 24-48 months.
Their debt relief program is customized to fit your budget, our affordable program could cost less than your monthly minimums.
Note: Freedom Debt Relief can assist with unsecured debt such as credit cards and personal loans. They can’t assist with secured debt such as mortgages and car loans.
During the initial review phase, professional debt counselors from Freedom Debt Relief evaluate your debt and find the best solution for your unique needs.
Freedom Debt Relief is not a debt consolidation company that rolls all your debts into one larger loan.
However, Freedom Debt Relief works with consumers by moving their existing debt into a consolidation loan to lower their payments.
Also known as debt negotiation or debt settlement, a debt relief program involves negotiating with your creditors to reduce the amount you owe so you could save money and get out of debt faster.
Note: Debt relief isn’t the same as bankruptcy. It’s a common process where you resolve your unsecured debts, in other words debts that don’t require collateral.
How the Freedom Debt Relief Program Works
Freedom Debt Relief has a four-step plan to help its customers get out of debt quickly.
Free Debt Evaluation
Start by discussing your debt relief goals with a qualified professional.
When you’ve signed up, you will take the money you normally pay to your creditors and pay it into an FDIC-insured account that you control. This money is used to pay settlements to your creditors.
You can approve every settlement. As soon as enough money is saved in your account, the experts at Freedom Debt Relief reaches out to your creditors and request a settlement that is less than what you currently owe, in order to settle your debt.
Once a creditor agrees, they will send the terms to you for approval. If you approve, funds from your dedicated account will be used to pay your creditors in full and your debt will be done and settled.
You will now be debt free!
The types of debt Freedom Debt Relief can help you settle include:
Credit card debt
Department store cards
Private student loans (special conditions apply)
About Freedom Debt Relief
Established in 2002. Stanford Business School graduates Andrew Housser and Brad Stroh, founders and Co-CEO’s have a mission to “help achieve financial freedom for people struggling with debt.”
Today, their debt relief program is available throughout most states in the U.S. and they’ve helped resolve debt for more than 600,000 clients.
Freedom Debt Relief Reviews
Our Freedom Debt Relief review perspective is that this company can be helpful for those in high unsecured debt to climb out of the debt cycle.
With over 650,000 clients under their belt and over $10 billion dollars in resolved debt this company is has helped so many people get out of debt.
They are also a founding member of the American Fair Credit Council (AFCC), which is dedicated to promoting and adhering to best practices in the credit advocacy industry.
Contactable 7 days a week
Have helped over 650,000 people get out of debt
Help people pay off debt fast
Freedom Debt Relief Pros
No online chat available
Freedom Debt Relief Cons
Freedom Debt Relief FAQs
Is Freedom Debt Relief legitimate?
Yes, it was established as a company in 2002. FDR is a founding member of the American Fair Credit Council (AFCC) and a platinum member of the International Association of Professional Debt Arbitrators. They are a large company helping hundreds of thousands of people get out of the debt cycle.
Can I do my debt negotiating?
Yes, it is possible to negotiate your debt on your own. To do that you will need some negotiating power by having an amount to pay off your debt in savings ready to settle if required. Freedom Debt Relief helps with building a savings account and with negotiating.