If you are drowning in debt, Freedom Debt Relief is the perfect option for you. While there are strategies you can use to manage your debt, there is no shame in asking for help, especially if you are overwhelmed. In that case, Freedom Debt Relief will help you get out of debt and achieve financial freedom quickly. Well, what is Freedom Debt Relief, and are debt relief programs legit?
Freedom Debt relief is a renowned Arizona-based debt settlement company. The debt settlement service providers help clients pay much less than what they previously owed. They work by negotiating with creditors on your account to get lower rates. This is the perfect solution for people tired of the debt collectors’ annoying calls.
Generally, the company requires you to have a minimum of $7500, which they can use to settle an unsecured debt of over $100. However, some states might require a higher amount. Like any other debt relief company, Freedom cannot assist with debts that involve collateral such as car and mortgage loans.
Types of Debts Settled by Freedom Debt Relief
Generally, freedom Debt Relief handles debts not secured by collateral (unsecured debts). These include:
- Credit card debts
- Personal loan debt
- Collections debt
- Medical debt
- Private student loan debt
- Repossessions’
- Department store credit card
- Payday loans
- Lines of credit
Here are some of the debts that the program cannot help you with:
- All types of secured loans (auto, HELOC, etc.)
- Taxes
- Federal student loans
- Lawsuits
- Utility bills
The Debt Settlement Process
So, you have decided to work with Freedom Debt Relief. Here is a five-step debt relief process to help you through the debt settlement program:
Assessment
You are assigned a professional consultant to help you analyze and assess your financial situation and determine your eligibility for a debt relief program. They also help you determine how much time and money you will save by working with them. This step determines if you are fit for the program and is done free of charge.
Deposit
If you are eligible and decide to sign up for the program, you will start making monthly payments into your FDIC-insured account. The money will be used to actualize your custom debt settlement plan. Your agent will also request that you stop making payments to your creditors. Once the client saves a good amount in the FDIC-insured account, the experts can start the negotiations.
Negotiations
As the debt accrues on your account, the Freedom Debt Relief Team will negotiate its way into reducing their client’s debts. The trick is that after several months of failed payments, your creditor will be encouraged to accept a lower but guaranteed amount rather than risk losing it all.
Generally, the time taken on this process varies based on the number and amount of debt you have to settle and the time used on negotiations.
Settlement
Once the two parties agree, the debt payments are made to your creditor. Your payment to the debt relief organization is also processed at this time. Usually, Freedom Debt Relief charges between 15 to 20 percent of the settled debt. However, this amount can vary based on various factors, such as location. After all, debts are cleared, the payments will be added to your monthly charges.
Graduate!
When the debts are cleared, a client is considered a graduate of the Freedom Debt Relief program. Unfortunately, not all clients get here since debt settlement and relief cannot be guaranteed.
Are Debt Relief Programs Legit?
There are numerous legit debt relief programs in the market. In most of the states in the US, a license is required. Generally, the operators must respect and abide by the rules, regulations, and restrictions that aim to serve and protect the client. You only need to do enough due diligence before you embark on a debt settlement and relief journey with any company. If you are still unsure, here is the truth about Freedom Debt Relief:
It is accredited
Founded in 2002 and incorporated in 2004, Freedom Debt Relief is an accredited debt settlement company and one of the America Fair Credit Council founding members. The company is also part of the International Association of Professional Debt Arbitrators.
It has an A+ Rating
Freedom Debt Relief boasts numerous positive reviews from previous customers from various reputable sources. For instance, it has a 4.5-star rating on TrustPilot. Additionally, the company is accredited by the Better Business Bureau with an A+ rating. Freedom scoops a 4.3-star rating from the customer and reviews ad ratings on BBB.
Great Customer Service
Freedom Debt Relief connects with their customer via phone, email, or chat. The customer care agents are available seven days a week at different times. You can also get them on chat Monday through Friday between 10:00 am and 4:59 pm.
Lower Debt Potential
Freedom Debt Relief works with trained, experienced, and certified debt consultants with vast knowledge of the debt settlement process. They have helped numerous customers settle their debts and live a better life.
No Upfront Fee
Once you register for the service, you will not have to pay any upfront fees. Clients only pay a certain percentage based on settled debt and only after positive results.
Real-Time Tracking
Freedom Debt Relief has a dashboard where you can log in and check your debt settlement process progress any time of day or night. The dashboard contains your savings details and the debts you have successfully cleared for every creditor. This benefits clients who want to track their progress and see how the plan works in real time. Besides, the company has an online portal.
So, are debt relief programs legit? Yes, they are. The hack is being vigilant and researching your potential debt settlement company in advance.
So, what is Financial Debt Relief? It is the road to financial independence, living a debt-free life, and making hectic debts a thing of the past. The company is safe and reliable, as evidenced by many happy customers.
If you have an unsecured debt that you cannot pay off on your own, Freedom Debt Relief is the way to go. The company will negotiate on your behalf and help you pay much less than you owe. No upfront fees are involved, and free consultations are available to help you determine your eligibility.