This dashboard contains all of the money you are saving and the debts you have settled for each creditor. If you agree to work with them, they will provide you with access to an online dashboard that will show you the status of each of your debts. You only pay for their services after they have talked to your creditors and settled your debts. Unlike many debt settlement agencies, there are no upfront fees associated with using Freedom Debt Relief's program. You likely won't be able to obtain any credit during this time, should you need it. Since you won't be making any payments for a minimum of 24 months, your credit score will be severely impacted. Understand that when you work with a debt settlement agency, you'll also experience a negative effect on your credit report. You'll also have to recognize that any negotiation will depend on your creditors' agreement. Commit to paying towards your overall settlement on a monthly basis.Stay with the company for a minimum of 24 months.Pay a 15% to 25% fee for the total unsecured debt.To work with Freedom Debt Relief, you'll need a minimum of $7,500 in debt. It isn't the best option for everyone.Ĭan everyone work with Freedom Debt Relief?įreedom Debt Relief assists clients who have credit card debts, medical debts, and private student loans. As such, you should seriously consider your options before signing up with Freedom Debt Relief. They'll describe how your service works.ĭespite earning 4.3 out of 5 stars on its BBB profile, Freedom Debt Relief has received hundreds of complaints for mismanagement of consumer payments programs, dishonesty, and overall misguidance on debt relief. During the consultation, you'll provide them with a list of debts and creditors you owe. Those who decide to use the program will undergo an initial free consultation. Only your creditor has the right to do so.įreedom Debt Relief is a legitimate companyįreedom Debt Relief is one of the largest debt settlement agencies available to individuals who are struggling with debt in the United States. A debt relief company can't guarantee that your creditors will accept a reduced payment. Debt relief companies can promise you the world, but the reality doesn't work out so well. While seeking debt relief through a standard program can be helpful for those who need assistance, you want to make sure that the company you decide to use is legitimate. It might sound like a wonderful opportunity to anyone who is sick of calls from debt collectors. Oftentimes, they give all of your outstanding credit debt information to a company that claims they can resolve your debts. These programs claim to get rid of debt quickly. People who are in debt and stuck making monthly minimum payments often wonder if they can seek debt relief through various debt settlement programs. Or, you can save money and settle the debt on your own by sending a SoloSuit Debt Lawsuit Settlement Letter. Summary: If you're feeling overwhelmed with debt, Freedom Debt Relief might be an option for you.
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