Where does Freedom Debt Relief do business?
Freedom Debt Relief is a debt settlement company based in San Mateo, CA. The company was founded in 2002 and offers debt relief services to borrowers in 32 states (and Washington, DC).
What does Freedom Debt Relief do?
Freedom Debt Relief offers debt relief services for the following types of debt:
- Unsecured debt, such as credit card debt, personal loans and medical debt
What does Freedom Debt Relief charge?
Freedom Debt Relief operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt. Freedom Debt Relief's fees start at 15% and go up to 25% of the enrolled debt depending on the amount of enrolled debt provided. Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to Freedom Debt Relief directly to determine an accurate quote.
Does Freedom Debt Relief offer a guarantee?
No, Freedom Debt Relief does not offer a money back guarantee.
What is the minimum debt Freedom Debt Relief will consider?
Freedom Debt Relief will only consider customers with unsecured debt of $15000 or more. Customers with less than $15000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.
Does Freedom Debt Relief perform its own servicing in-house?
Yes, Freedom Debt Relief employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
What accreditations does Freedom Debt Relief have?
The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). Freedom Debt Relief is an accredited AFCC member. Freedom Debt Relief is an IAPDA member.
How does Freedom Debt Relief describe itself?
Freedom Debt Relief is the leading debt settlement program in the nation, with over $7 billion in consumer debt resolved since 2002. Freedom Debt Relief offers debt settlement for consumers in $15,000-$100,000 in unsecured debt, including credit card, personal loan, and medical debt.
Minimum Debt Owed
Clients who make all their monthly program deposits pay approximately 70-75% of their original enrolled debts over 24 to 60 months. Not all clients are able to complete their program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.
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