FREEDOM DEBT RELIEF

DEBT RELIEF REVIEW


Consolidate Your Debts
With A Single Payment

CONSOLIDATE YOUR DEBTS
WITH A SINGLE PAYMENT

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AWARD WINNER

– Our #1 Pick for 2020
– Chosen by over 75% of visitors
– Over $10 billion in debt resolved
– Over 615,000 clients since 2002

 

Freedom Debt Relief: Solid As A Rock

Freedom Debt Relief is a debt management company that is part of the larger Financial Freedom Network. They are our #1 Pick for 2019.  Freedom is chosen by over 75% of our visitors.  They have resolved over $10 billion in debt and helped over 615,000 clients since 2002. Freedom Debt Relief offers a solution for customers with large debt problems, helping to negotiate with creditors and allow customers to pay less than the owed amount on their debts. The company is the largest of its kind in the US, and has helped to settle debts for over nearly half a million clients.

So does Freedom Debt Relief  live up to the hype, or are they simply coasting on their established reputation? Read on to find out more.

HOW MUCH CAN SETTLING YOUR DEBT SAVE YOU EVERY MONTH?

Freedom Debt Relief: The Good

Areas Where Freedom Debt Relief Excel

Long History of Experience

Freedom Debt Relief has been in business since 2002, giving them a solid history in the industry. Creditors will be familiar with them from working with the company, which means the process of debt negotiation is likely to go smoothly.

Excellent Accreditation

Freedom Debt Relief holds accreditation with the following organizations:

  • Association of Family and Conciliation Courts
  • International Association of Professional Debt Arbitrators
  • Senior executives from Freedom Debt Relief sit on the American Fair Credit Council

With these accreditation, Freedom Debt Relief customers can be absolutely confident that all standards and quality assurances will be met.

The Figures Look Good

  • Freedom Debt Relief charges customers 15-25% of the total debt for their services, which is standard for the industry.
  • The company aims to resolve all debts within 48 months.
  • Pay Less Than You Owe!
  • Click to see your savings!

The above figures are fairly standard, but still promising for those with debt problems.

Process Dashboard

All customers are provided with dashboard access so they can view the status of their payments.

In Conclusion

With a great reputation, solid industry accreditation, and a proven track record, there’s no doubt that Freedom Debt Relief has plenty to offer customers.

HOW MUCH CAN SETTLING YOUR DEBT SAVE YOU EVERY MONTH?

Freedom Debt Relief: The Bad

Areas Where Freedom Debt Relief Could Improve

Inaccessibility

Freedom Debt Relief is only available in 35 states, so customers have to check to see if they are eligible. The company only handles debts over $10,000, which is rather high for this industry, and means the assistance they can provide is only available to those with substantial debts.

Impact On Credit Scores

While this is generally the case for any agency of this kind, it is worth noting that working with Freedom Debt Relief will likely have an impact on the customer’s credit score. All customers should be wary before entering into debt negotiation due to this potential complication.

No Dedicated Customer Representative

One of the major downsides of Freedom Debt Relief is that customers do not have a dedicated customer representative.

Battle with the CFPB

The CFPB recently filed a lawsuit claiming that Freedom failed to disclose that certain creditors will not negotiate with debt settlement companies. Freedom strongly disagrees with this claim. Freedom has developed strategies to negotiate settlements with debts from all creditors. In fact, since 2010, FDR settled $1.2 billion in debt (nearly 200,000 accounts) for clients with accounts from the credit card issuers listed in the complaint. In fact, in 2010 Freedom actively participated in drafting the Federal Trade Commission rules that defined the consumer protection regulations that govern the debt settlement industry.

Variable Fees

Customers are charged between 15-25% for the services of Freedom Debt Relief; a concrete figure would be preferable to a sliding scale, so customers know what they are getting when they sign up.

HOW MUCH CAN SETTLING YOUR DEBT SAVE YOU EVERY MONTH?

Freedom Debt Relief: The Bottom Line

Freedom Debt Relief is the industry standard.  We rate them five stars and we don’t see them losing the #1 spot anytime soon. 

 

Best 2020 Debt Consolidation Reviews

Freedom Debt Relief Reviews
  • EDITOR'S SCORE
  • 9.85 / 10
  • SUMMARY

  • Largest US Debt Settlement Company

    Over $9 Billion of Debt Resolved Since 2002

    Ranked #1 By Top 10 Credit Relief

    TrustPilot 9.0 Rating
  • WHAT WE LIKE
  • $10,000 Minimum Debt

    No Upfront Fees

    No Minimum Credit Score

    24 to 48 Month Program
  • AVAILABILITY
  • As the largest negotiator of debt in the nation, Freedom Debt Relief takes a human approach to debt relief. We are passionate about helping people overcome debt as quickly as possible. As the leader in debt negotiation, Freedom has resolved over $10 billion in debt for over 650,000 people — far more than any other company. Freedom's affordable program could help you resolve your debt of $15K-$100K in 24-48 months.
Guide to Lenders Reviews
  • EDITOR'S SCORE
  • 9.65 / 10
  • SUMMARY
  • Free Resource To Help Loan Shoppers Get Best Loan Deals

    Served Over $16 Billion In Loan Requests Since 2005

    Get Up To 5 Loan Offers In Minutes

    Ranked #1 For Personal Loan Category
  • WHAT WE LIKE
  • Loan Amounts of $1,000 to $50,000

    4 to 180 Month Loan Terms

    APR of 3.99% to 35.99%

    Network of Over 150 Lenders
  • AVAILABILITY
  • Guide To Lenders provides a free service that helps connect customers with lenders. Their service which can sometimes feel "invisible" seeks to make the application process easy & user-friendly for customers who are looking for a way to consolidate personal debt into one easy payment.
Fiona Reviews
  • EDITOR'S SCORE
  • 9.4 / 10
  • SUMMARY
  • Free Resource To Help Loan Shoppers Get Best Loan Deals

    Offering an algorithm-based marketplace for lenders and borrowers.

    Borrowers are matched with the loan providers most likely to approve their applications.
  • WHAT WE LIKE
  • Loans of $1,000 to $100,000

    Loan Terms of 24 to 84 Months

    APRs of 3.84% To 35.99%
  • AVAILABILITY
  • Fiona is a marketplace for lenders and borrowers that works with brands in the alternative lending industry, offering real-time pre-approval options quickly. Borrowers are matched with the loan providers most likely to approve their applications.
Bad Credit Loans
  • EDITOR'S SCORE
  • 9.25 / 10
  • SUMMARY
  • Has Been In The Business of Helping People Since 1998

    All Credit Types Accepted

    Loan Approval Within 24 Hours

  • WHAT WE LIKE
  • Loans of $500 - $10,000

    Loan Terms of 3 - 36 Months

    APRs of 5.99% To 35.99%
  • AVAILABILITY
  • Bad Credit Loans understands that there are emergencies no one can plan for, and they aren’t limited to helping only consumers with perfect credit. Sometimes a run of bad luck comes up through no fault of your own. However, as long as you’re working, Bad Credit Loans may have the resources to lend you a helping hand no matter if your credit is good or bad.
Monevo Reviews
  • EDITOR'S SCORE
  • 9.25 / 10
  • SUMMARY
  • Solutions Available For All Credit Scores

    Works with Excellent, Good, Fair, & Poor Credit

    Personalized Loans Offers In Less Than 60 Seconds

  • WHAT WE LIKE
  • Loan Amounts of $1,000 - $100,000

    Loan Terms of 3 - 144 Months

    APRs of 3.99% - 35.99%
  • AVAILABILITY
  • Monevo is a huge online lending marketplace with direct access to hundreds of loan companies around the world. This access to real-time responses from lenders and loan brokers enables Monevo to give consumers an accurate and reliable reply in just 2 minutes. The service is completely free to use and helps lead borrowers to low rates.
PersonalLoans.com Reviews
  • EDITOR'S SCORE
  • 9 / 10
  • SUMMARY
  • Provides Personal Loan Network Focused On Less Then Perfect Credit

    Member of the Online Lenders Alliance

    Offers Peer to Peer Loans, Personal Installment Loans and Bank Personal Loans

  • WHAT WE LIKE
  • Loan Amounts of $500 to $35,000

    90 Days to to 6 Year Loan Terms

    No Minimum Credit Score

    APR of 5.99% to 35.99%
  • AVAILABILITY
  • Every state has its own set of rules and regulations that govern personal loan lenders. Your loan amount, APR and repayment term will vary based on your credit worthiness, state and lender or lending partner.

 

Freedom Debt Relief
  • Freedom Debt Relief Review
5

Freedom Debt Relief - Five Stars!

Freedom Debt Relief is a debt management company that is part of the larger Financial Freedom Network LLC. Freedom Debt Relief offers a solution for customers with large debt problems, helping to negotiate with creditors and allow customers to pay less than the owed amount on their debts. The company is the largest of its kind in the US, and has helped to settle debts for over nearly half a million clients. They became the first debt resolution company in the country to reach $1 billion in cumulative debt it has resolved for clients.

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