The type of debt relief that Freedom Debt Relief specializes in also goes by the names of debt settlement, debt resolution, and debt negotiation. How does Freedom Debt Relief’s program work? You can find more detailed information about the program in their FAQs, and read reviews from former Freedom Debt Relief clients. Is Freedom Debt Relief Available in Your State?įreedom Debt Relief is currently available to residents of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Washington DC, Wisconsin, Guam, Puerto Rico, and American Samoa. Overall, they estimate that consumers still save a total of 15%-35%, after all debts and fees are paid. Fees may differ depending on the state you live in. Fees range from 18% to 25% of the enrolled debt. The larger the payment you can afford, the faster the funds necessary to pay the settlements to your creditors can be finalized.įreedom Debt Relief only collects a fee after a debt is settled. The biggest factor affecting how long it lasts is the size of your payment. Generally, the program takes two to five years to complete. They do not accept federal student loans. They cannot help with debt that involves collateral, like mortgages or car loans, unless the collateral has been forfeited or repossessed. This gives you control and peace of mind, through 24/7 access, as well as an ability to communicate any questions or concerns with a customer service representative.įreedom Debt Relief’s program requires a minimum enrolled debt of $7,500 from credit cards, medical bills, personal loans, private student loans and other types of unsecured debt. The process is transparent, and you can monitor your progress through access to your client dashboard. After a certain amount of time, Freedom Debt Relief uses the accumulated funds in your account to pay of settlements they negotiate settlements with creditors, often for far less than the original balance enrolled. The length of your program depends on the amount of debt you enroll and the size of your monthly program payment. They offer an initial free consultation to figure out which debt strategies to pursue, and create a customized debt resolution plan for you. Answer a short series of questions about your debt and your goals and get a free consultation with an FDR debt consultant.įreedom Debt Relief focuses on resolving debt for a lower amount than you owe.
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