Many debt relief companies say they offer programs that could help you get out of debt faster and for less. But not all of them tell you the truth about who they really are.
At Freedom Debt Relief, we want you to feel confident about using our program to resolve your debt. People who are educated about our program are more likely to succeed, so we want to answer all of your questions before your program even starts. Find out more about how Freedom Debt Relief could create a custom debt relief program personalized to fit your budget and financial goals.
- Since 2002, over 600,000 clients have enrolled in the Freedom Debt Relief program.
- We have resolved over $9 billion in debt—more than any other company in the U.S.
- Over 4.6 million accounts have been enrolled since 2002.
- Seven days a week, our Certified Debt Consultants and Customer Service Representatives provide clients with help and guidance on every step of their program.
- Clients have full access to their information on our online Client Dashboard, where they can track their progress from anywhere at any time.
- Throughout our program, we provide the support, tools, and resources clients need to reach their goals and improve their financial well-being.
- In 2010, we were involved in establishing Federal Trade Commission rules that ban abusive debt settlement practices.
- As a founding member of the American Fair Credit Council (AFCC), we’ve helped set ethical standards for the debt negotiation industry since 2011.1
Why You Can Believe in Our Program
If you’re considering debt relief, it’s a good idea to understand the debt relief process before committing to it. These frequently asked questions could help you figure out if debt relief is right for you.
What Is Better, Debt Settlement or Debt Relief?
Debt relief, also called debt settlement, debt resolution, and debt negotiation, are all the same process. Companies use the terms debt relief, debt settlement, debt resolution, and debt negotiation interchangeably to talk about resolving their clients’ debts for less than face value.
Is It Better to Pay Off Debt or Settle Debt?
Paying off your debt means paying your debt in full, while settling your debt refers to paying less than you originally owe on your debt. If you pay less than you originally owed on your debts through a debt relief program like Freedom Debt Relief, your creditor may report to credit bureaus that your debt is either settled in full, settled, paid, paid by settlement, or settled for less than the full amount.
If you can make more than minimum payments each month and still afford all of your other expenses, paying off debt in full may be a good solution for you. But if you’re struggling to make your payments, falling behind on payments, or you’ve taken out more credit just to keep your finances afloat, paying off your debt could take decades and cost you thousands of dollars in interest on top of that.
The reality is, paying off debt isn’t possible for everyone. Every day at Freedom Debt Relief, our Certified Debt Consultants hear stories from people who are struggling with so much unsecured debt they feel there’s no way out. Our program offers them a solution that could help them avoid bankruptcy and doesn’t require a loan—and it could help you, too.
If you’re struggling to make payments on $10,000 or more in unsecured debt like credit card debt, personal loan debt, medical debt, or debt from certain private student loans, settling your debt could help you significantly reduce what you owe so that you can be debt-free faster. However, federal student loans and secured debt like mortgages or auto loans do not qualify for debt relief.
If you’re having trouble keeping up with your minimum payments and need help, Freedom Debt Relief could be the right option for you. Request a free debt evaluation[CS1] with one of our Certified Debt Consultants to find out if we could help you get out of debt for less.