Freedom Debt Relief Review

Jul 9, 2021 by

debt Archives - CloudSwipe

If you have a mountain of persistent unsecured debt that you just can’t pay down, you’re a candidate for debt relief. You need to enlist the help of a company, but you’ve heard about all the scams. What you need is a legitimate, credible, and effective agency. According to one Freedom Debt Relief review, FDR checks those boxes and more. Let’s take a look.

What is Freedom Debt Relief?

Established in 2002, Freedom Debt Relief is the debt settlement leader, having settled more than $9 billion in debt for more than 650,000 customers.

FDR’s certified professional negotiate with your creditors to “settle” your debts for less than what you owe, giving you a fresh financial start.

How Does it Work?

With FDR, you get a free consultation for going over your situation and coming up with a personalized plan. How long the program takes depends on your debt load and the state in which you live. The program is usually completed in between two to five years.

You do need at least $7,500 of unsecured debt – from credit cards, medical bills, private student loans, or personal loans, for example. Not eligible are federal student loans or debt that’s attached to collateral, like car loans or mortgages. Unless, that is, the asset has been repossessed or forfeited.

Rather than paying creditors directly, you’ll deposit funds each month into a dedicated savings account from which creditors will be paid according to your settlement agreement.

As required by law, you won’t be charged by Freedom Debt Relief until a debt is settled and you sign off on the agreement. With FDR, you’ll pay 18% to 25% of the enrolled debt. Even with debts and fees, however, you’ll likely still save between 15% and 35%. You can learn more under ‘how does it work’ Freedom Debt Relief reviews.

Is FDR’s Process Transparent?

In its review, Bills.com says it is. In fact, it pointed out Freedom Debt Relief’s client dashboard, which you can use 24/7 to keep tabs on your settlement progress. You may also feel free to contact Freedom Debt’s customer service representatives with any questions or concerns.

In addition, the company makes clear that the process of debt relief can be temporarily injurious to your credit, which by now is not great anyway. Provided that you’ve changed your spending ways, once your debts have been resolved, you’ll be well on your way to a much better scoring profile.

Is Effectiveness a Strong Suit?

For sure. Freedom Debt Relief is the nation’s largest debt relief company, size that helps your debts get tackled more quickly than they would with some other outfits. Some debts are settled within six months. And remember, the company has nearly 20 years of experience. It knows what it’s doing.

Is Freedom Debt Relief Legit?

Unquestionably. The company helped found the American Fair Credit Council, which was established in 2011 to formalize ethical standards for debt negotiation. It’s a member of the International Association of Professional Debt Arbitrators, and it worked with the Federal Trade Commission to set policies that prohibit abusive debt settlement tactics.

Another thing is that, rather than getting kickbacks from credit card issuer to get you to pay your debts – which is how many credit counseling firms work – Freedom Debt Relief works directly for you.

In its Freedom Debt Relief review, Bills.com said it can “confidently” recommend FDR. It cited the company’s track record, longevity, accreditation, transparency, and integrity, all of which sets FDR apart from industry peers.

Haven’t you carried around all that debt long enough? Call Freedom Debt Relief today.

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