FREEDOM DEBT RELIEF
DEBT CONSOLIDATION REVIEW
AWARD WINNER
– Our #1 Pick for 2019
– 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, theres 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 customers 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.
Top 6 Debt Consolidation Reviews
- Freedom Debt Relief
- DEBT SETTLEMENT PROGRAM
- OUR PARTNER
- EDITOR'S SCORE
- 9.85 / 10
- SUMMARY
- Largest US Debt Settlement Company
Over 615,000 Clients
Over $9 Billion of Debt Resolved Since 2002
Ranked #1 By Top 6 Digital
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. Freedom has resolved over $10 billion in debt for over 650,000 people — far more than any other company. Freedom's program could help you resolve your debt of $10K-$100K in 24-48 months.
- Fiona (Loans)
- LOAN PROGRAM
- OUR PARTNER
- EDITOR'S SCORE
- 9.25 / 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
- Loan Amounts of $1,000 to $100,000
2 to 84 Month Loan Terms
580 Minimum Credit Score
APRs of 4.99% of 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.
- Lendingtree (Loans)
- LOAN PROGRAM
- OUR PARTNER
- EDITOR'S SCORE
- 9.25 / 10
- SUMMARY
- Largest Lending Network in the United States
Rated A- by the Better Business Bureau
Get Up to 5 Loan Offers In Minutes - WHAT WE LIKE
- Loan Amounts of $1,000 to $50,000
3 to 15 Year Loan Terms
580 Minimum Credit Score
APRs of 5.99% of 35.99% - AVAILABILITY
- LendingTree is America's largest online lending marketplace. It connects borrowers with multiple lenders so they can find the best deals on loans, credit cards, deposit accounts, insurance and more. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products.
- Bad Credit Loans
- LOAN PROGRAM
- OUR PARTNER
- EDITOR'S SCORE
- 9 / 10
- SUMMARY
- All Credit Types Accepted
Safe & Secure Online Process
Has Been In The Business of Helping People Since 1998
A Convenient Option For Emergency Funds - WHAT WE LIKE
- Loans of $500 - $5,000
Loan Terms of 3 - 72 Months
APRs of 5.99% to 35.99
- AVAILABILITY
- BadCreditLoans com has been helping borrowers with bad credit since 1998. Filling out & submitting the application are free and they use data encryption technology to make sure your information is protected. BadCreditLoans.com is a valuable resource for those seeking funds in times of need.
- PersonalLoans com
- LOAN PROGRAM
- OUR PARTNER
- EDITOR'S SCORE
- 9 / 10
- SUMMARY
- Works With Excellent, Good, Fair & Poor Credit Borrowers
Quick Online Process
Proud Member of the Online Lender's Alliance
Pay Your Loan Over Time - WHAT WE LIKE
- Loans of $1,000 to $35,000
3 to 72 Month Loans
APR of 5.99% to 35.99%
1 Business Day Funds Directly Deposited to Bank Account - AVAILABILITY
- Personal Loans understands that searching for a loan can often be a daunting and confusing task, especially given the wide array of options that are available. Every aspect of their service has been designed and optimized with the customer in mind. They strive to offer you the most innovative and user friendly experience possible.
Freedom Debt Relief
- Freedom Debt Relief Review
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.