Why our clients trust Freedom Debt Relief

Debt settlement is a good option for dealing with debt as you can resolve your debt for less than you owe and in less time than making minimum payments. But that doesn't mean all debt settlement companies are created equal. Freedom Debt Relief has been around for 22 years and has negotiated over $18 billion in consumer debt, helping more than 1 million consumers get rid of debt.

Our fee ranges between 15% to 25% of enrolled debt (the amount of debt enrolled to be settled)–your rate may vary depending on your state of residency.

In our program, clients pay no fee whatsoever to Freedom Debt Relief until a debt is negotiated, the settlement has been approved and the first payment has been made. You will know when a fee is charged because you will approve every settlement deal. Once we reach a settlement with a creditor, we immediately contact you for authorization. After you authorize athe settlement and a payment has been made to your creditor, the fee associated with the debt is processed. The total fee associated with the program is included in the monthly savings quoted to you by a debt consultant.

The impact a debt relief solution has to your credit score depends on the specific information found on your credit report at the time of enrollment, and how the specific information found on your credit report changes while in the program. Your credit report can be affected by the settlements you experienced while in the program (including how creditors report the information to the CRAs) as well as your credit behavior while in the program.

The typical debt settlement client experiences a reduction in their credit score in the first six months of the program followed by a steady rehabilitation in their credit score thereafter. Results vary depending on the credit history and credit behavior, but in general, developing a history of paying bills on time, living within your means, and only applying for credit that you need are behaviors that can help your credit score recover over time.

Credit scores are an integral part of one’s financial health. However, it can be argued that indebtedness is a more foundational component as indebtedness is a factor in credit scores. The principal reduction that debt relief can provide can better position a consumer to have a healthier credit score by improving their cash flow, enabling them to repay existing credit obligations and to keep debt loads lower. A debt relief program could help you resolve your debt faster and for less (than making minimum payments). This can be a viable and more attractive option than bankruptcy.

The Freedom Debt Relief program is unique to each client. The average enrollment period for Freedom Debt Relief customers is 24-48 months.* The length of time that a client is enrolled depends on a lot of factors, like the amount of debt they have and who their creditors are. The Freedom Debt relief team works with each client to build a program and schedule that fits their specific needs.