Freedom will work with you to determine how much you deposit into this account and the account is fully owned and controlled by you. Once Freedom has enough information and you decide to enroll in their program, you will voluntarily stop making payments to your creditors and instead, you'll open a separate account where you'll deposit your monthly program payments. After this first step, a Freedom representative will reach out by phone to learn more about you and your situation.
#Freedom debt consolidation reviews free
If you are unable to commit to the plan then Freedom won't be able to help you reach your financial goals.Īs mentioned, the initial consultation is completely free and very easy to fill out. This means budgeting appropriately and being able to make the monthly program payment so that your debts are reduced gradually and you can get on the path to becoming debt-free. In some cases, they may work with lower debt amounts but if your debt amount is lower than $10,000 you'd be best served by an alternate debt service.įinally, Freedom can only help when you are committed to sticking with their plan and seeing it through to the end.
įreedom will usually only work with individuals whose unsecured debt is about $20,000. If you are seeking to reduce your mortgage payments or your student loan payments, we offer comprehensive reviews of mortgage refinance lenders and student loan refinance services. They cannot help with secured debt such as mortgages and auto loans and in most cases do not work with student loan debt. That means customers are not charged a fee until results are delivered and a settlement authorized, and the first payment is made.įreedom's services can be used for those struggling with unsecured debt such as credit card debt and personal loan debt. Freedom is committed to ensuring that their customers succeed. Once enrolled, FDR charges fees for settling debt, but the ultimate goal is to use the service to help you become debt-free. The entire eligibility process is completely free – users should be extremely wary of services that require payment upfront. To get started, prospective customers simply input basic details such as debt amount and what state they are located in, and are then contacted by a Freedom Debt consultant. The service can have a negative impact on your credit score and should only be used as a last resort.Ĭheking eligibility with Freedom is easy and requires no commitment. While their program is not for everyone, using a service that negotiates your debt can be helpful for those struggling with upwards of $20,000 in debt who are committed to sticking with a plan and living within their means.
Their service works with unsecured debt, and is ideal for those with credit card debt or individuals facing bankruptcy. Freedom Debt Relief is accredited by the Better Business Bureau (BBB) with an A+ rating.įor over a 20 years, Freedom Debt has built a reputation as a reliable debt solution, helping customers pay off their debt quickly compared to making minimum monthly payments. If you find yourself struggling to pay back your debts and are searching for a way out, using a service that negotiates your debt can help formulate a plan to relieve your burden.
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