Meet Our Clients: Laura A.
- UpdatedOct 10, 2024
- Laura sat down with FDR to share her story in a Q&A session.
- Laura suffered a heart attack, and medical bills led to credit card debt.
- The FDR program allowed Laura to make affordable deposits. Within a few months, "I got my first settlement and immediately felt better."
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At Freedom Debt Relief, our mission is to empower everyday Americans to move forward towards a better financial future and to date, we’ve helped hundreds of thousands of people do just that. To help us better tell our story, we’ve asked some of our clients to tell theirs.
Recently, our client Laura A. sat down with us to share her story in a Q&A session, as part of our Voice of Our Client series. Here’s a closer look at how debt relief has affected Laura’s financial situation and life, in her own words.
Medical bills led to credit card debt
FDR: How have your health issues impacted your debt?
Laura: I suffered my first heart attack in 2012, followed by my second one in 2017, and another one last year. My healthcare deductible kept increasing until I was paying thousands of dollars per hospital visit. I had no other choice than to use my credit cards.
Then, Laura found Freedom Debt Relief
FDR: What made you seek help?
Laura: My debt just kept growing year after year and it got so stressful. My health issues are triggered by stress, and this debt just made my condition worse. It had to stop. I Googled “debt relief” and I found Freedom.
FDR: On your initial phone call, did you feel pressured to join the program?
Laura: When I called Freedom, I felt no pressure to sign up. The gentleman on the phone made me feel calm and provided me all the information about the program. I discussed it with my husband and we decided it was the best option for us.
She followed the program and resolved her debts
FDR: How does it feel to be debt free?
Laura: Getting out of debt in just two years has lifted a huge weight off my shoulders. And I wouldn’t have been able to accomplish this without Freedom. They laid out the program and I just followed it. Now we are starting fresh and I’m looking forward to our future. I would not be where I am now without Freedom Debt Relief. I’m so thankful, and I wish I’d called them sooner.
FDR: Tell us how relieved you were after taking the first step.
Laura: Even though the program made sense to me, taking that first step was scary. But within a few months I got my first settlement and immediately felt better. That’s when I was like, ‘Okay, we did the right thing’. Plus, the monthly program payment was maybe a third of what I was paying on credit cards, so we were saving money too.
Ready for the next step in your story?
If you’re struggling with debt or are just worried about falling behind on payments, it might be time to take action like Laura did. Freedom Debt Relief is here to help you understand your options for dealing with your debt, including our debt relief program. Our Certified Debt Consultants can help you find a solution that will put you on the path to a better financial future. Find out if you qualify right now.
Check out the video of Laura’s full interview as well as the interviews of other successful FDR graduates.
Learn More
How Does a Debt Relief Program Work? (Freedom Debt Relief)
Study: Freedom Debt Relief Helps Clients Reduce Stress (Freedom Debt Relief)
5 Ways to Get Rid of Debt Stress (Freedom Debt Relief)
Americans Spending Stimulus Check on Bills, Debt (Freedom Debt Relief)
Insights into debt relief demographics
We looked at a sample of data from Freedom Debt Relief of people seeking debt relief during August 2024. The data provides insights about key characteristics of debt relief seekers.
Age distribution of debt relief seekers
Debt affects people of all ages, but some age groups are more likely to seek help than others. In August 2024, the average age of people seeking debt relief was 50. The data showed that 17% were over 65, and 15% were between 26-35. Financial hardships can affect anyone, no matter their age, and you can never be too young or too old to seek help.
Student loan debt – average debt by selected states.
According to the 2023 Federal Reserve Survey of Consumer Finances (SCF) the average student debt for those with a balance was $46,980. The percentage of families with student debt was 22%. (Note: It used 2022 data).
Student loan debt among those seeking debt relief is prevalent. In August 2024, 24% of the debt relief seekers had student debt. The average student debt balance (for those with student debt) was 50087.
Here is a quick look at the top five states by average student debt balance.
| State | Percent with student loans | Average Balance for those with student loans | Average monthly payment |
|---|---|---|---|
| Washington DC | 29 | $85,809 | $208 |
| Mississipi | 29 | $58,265 | $181 |
| Georgia | 31 | $56,074 | $145 |
| New Jersey | 29 | $54,691 | $197 |
| Maryland | 26 | $54,410 | $124 |
The statistics are based on all debt relief seekers with a student loan balance over $0.
Student debt is an important part of many households' financial picture. When you examine your finances, consider your total debt and your monthly payments.
Regain Financial Freedom
Seeking debt relief can be the first step toward financial freedom. Are you struggling with debt? Explore options for debt relief to regain control of your finances. It doesn't matter how old you are or what your FICO score or credit utilization is. Take the first step towards a brighter financial future today.
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