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Last Updated: 04/18/2025

Franklin Debt Relief

in Debt Help from Franklin Debt Relief LLC

Last Updated: 04/18/2025

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Highlights

Minimum Debt Owed

$10,000

Settlement Fee %

N/A

Monthly Service Fee

$0(Verified 08/02/2024)
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Franklin Debt Relief Review

Franklin Debt Relief is a debt settlement company based in Wood Dale, IL. It offers debt relief services to borrowers in 50 state across the USA. Founded in 2006, it is a well-established company that has been in business for over 10 years.

Key Takeaways

  • Minimum debt balance of $10,000. Franklin Debt Relief only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
  • ACDR and IAPDA accredited. Franklin Debt Relief is a member of the Association for Consumer Debt Relief (ACDR), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
  • Well-established company. Franklin Debt Relief has been in business for 20 years.
  • Only considers unsecured debts. Franklin Debt Relief will only settle unsecured debts. These include credit card accounts and personal loans.
  • Available in most states. Franklin Debt Relief is available in 50 states.

Franklin Debt Relief Pros & Cons

Franklin Debt Relief FAQ

What does Franklin Debt Relief do?

Franklin Debt Relief offers debt relief services for the following types of debt:
  • Unsecured debt, such as credit card debt, medical debt, and personal loans.

What does Franklin Debt Relief charge?

Franklin Debt Relief charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, Franklin Debt Relief only collects a fee once a settlement has been reached. Fees are calculated as a percentage of the enrolled debt and may vary by state. Across the industry, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt before fees.
Franklin Debt Relief settlement fees apply for their services, but Franklin Debt Relief does not disclose specific rates.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with Franklin Debt Relief for an accurate quote.

Does Franklin Debt Relief offer a guarantee?

No, Franklin Debt Relief does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt Franklin Debt Relief will consider?

Franklin Debt Relief is recommended for customers with an unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does Franklin Debt Relief perform its own servicing in-house?

No, Franklin Debt Relief partners with third party service providers who negotiate on behalf of the clients they enroll.

What accreditations does Franklin Debt Relief have?

The two main trade associations in the debt relief services space are the Association for Consumer Debt Relief (ACDR) and the International Association of Professional Debt Arbitrators (IAPDA).
  • Franklin Debt Relief is an accredited ACDR member.
  • Franklin Debt Relief is an IAPDA member.

Is Franklin Debt Relief LLC a legit company?

Franklin Debt Relief LLC was founded in 2006, it is a well-established company that has been in business for 20 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

236 E Irving Park Rd Suite 236B
Wood Dale, IL 60191
(877) 274-1260
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Email Support

Hours of Operation

Sunday

7:00AM - 3:00PM

Monday

7:00AM - 3:00PM

Tuesday

7:00AM - 3:00PM

Wednesday

7:00AM - 3:00PM

Thursday

7:00AM - 3:00PM

Friday

7:00AM - 3:00PM

Saturday

8:00AM - 12:00PM

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