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Freedom debt consolidation reviews1/3/2024 ![]() ![]() ![]() When starting the settlement process you will open an FDIC-insured bank account that you control throughout the process. They operate in 37 states and work with most major lenders. Fees can be a little higher than average, but the company has a good track record with achieving good reductions for their clients. The service is recommended for customers who are struggling to meet minimum payments on a monthly basis and who are looking to avoid bankruptcy.įreedom Debt Relief's charges vary on a case-by-case basis, but the average fee is around 22%. The company does not charge any fees upfront and is highly regarded in the industry. Should I choose Freedom Debt Relief?įreedom Debt Relief offers settlement solutions for people with over $7,500 in debt. Mostly though, Freedom Debt Relief have excellent reviews around its customer service and staff. There is a small amount of negative reviews however, these include having some settlements with no discount attached and various credit impacts.Įssentially these are risks of any settlement company and should be fully explained at the start of any agreement. They speak of helpful customer service handlers and the company having good resources with a personal touch. Reviews for Freedom Debt Relief are mainly very positive from the tens of thousands of customers who have commented on Trustpilot. Excellent reviews for its customer service.Freedom Debt Relief review: Customer reviews The company focuses on helping people to get their finances back on track in the long term by providing a good level of reduction of debt entrusted to them. The website helps the company's customers keep track of their progress, and also has a range of informative and educational content to help people manage their finances going forward. Terms can be adapted depending on your needsįreedom Debt Relief stands out from its competitors in part thanks to the online dashboard it offers clients used to keep track of their settlement program.(Image credit: Freedom Debt Relief) Freedom Debt Relief review: Quality of product There are ways the company can help you regain a better score once your debts are fully paid but you may want to assess what will happen to your credit in the short-term and if that is something you think you will need.įreedom Debt Relief can give you advice on how to handle any calls or mail you may get about overdue payments, but it is important to understand that legally you will remain liable for your debts during the process. ![]() You should also mention any plans you have for the future that could require decent credit, such as buying a house.īecause you will stop paying your creditors whilst you pay into your settlement account, you may end up with a lower FICO credit score. Before your consultation, it's a good idea to gather together any relevant information about your finances at the moment, including any outstanding debts, your income, and expenses. Like most debt settlement companies, Freedom Debt Relief has a team of advisers who will help you work through your current situation to find out how debt settlement could help, and if it's the most appropriate solution. Understandably, debt settlement is a big step and is one that should be considered carefully. ![]()
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