12/18/2023 0 Comments Freedom debt relief![]() They do not, however, assist with federal student loans. Private Student Loansįreedom Debt Relief also claims that it will assist in negotiating and settling private student loan debt in certain cases. Given that the current average interest rate is 17.13 percent, it’s easy to understand how customers could get into problems and require help settling their debts (including interest and principal payments) for less than they owe. The majority of Freedom Debt Relief’s efforts are directed at assisting clients in negotiating and repaying credit card debt. The following are some examples of debts that this company can assist with. Debt settlement for secured debts, such as auto loans or mortgages, is not available via Freedom Debt Relief. Unsecured debts are not secured by collateral. The firm works in 37 states and charges an estimated 15-25% of the settled debt as a fee for debt settlement.įreedom Debt Relief’s team is aware of the many solutions available to clients based on their situation.įreedom is not allowed by law to collect upfront fees instead, it charges fees based on a percentage of the amount you settle, typically between 15% and 25% of the settled debt.Īccording to Freedom Debt Relief, your costs will vary depending on the specifics of your circumstance and the state in which you reside.įor example, if Freedom Debt Relief was able to resolve $4,000 in debt on your behalf, you can expect to pay anywhere from $600 to $1,000 for the service provided.Īlthough the information on the actual amount of money you can expect to save if you choose Freedom Debt Relief isn’t available, the company suggests you could be able to settle your credit cards for half or less of what you owe.Īt least $7,500 in outstanding unsecured debt is required to use the services of Freedom Debt Relief. The firm employs over 2,000 debt relief consultants and has assisted more than 600,000 clients settling more than $15 billion in debt.įreedom Debt Relief is also among the American Fair Credit Council’s founding members.Īdditionally, the firm is a platinum member of the International Association of Professional Debt Arbitrators (IAPDA) (IAPDA).įreedom Debt Relief provides debt relief services to clients throughout the majority of the United States. No upfront fees, free one-hour consultation, and Consultant’s assistance.įreedom Debt Relief is a subsidiary of the Freedom Financial Network, a Phoenix, Arizona-based company founded in 2002. That is why it is important to be aware of the risks ahead of time and if you decide to use a negotiating service, choose a trustworthy provider. The IRS normally taxes any amount forgiven as income. The idea of debt settlement may seem incredible, but it can leave a mark on your credit record and take anywhere between 24 –48 months. This is known as debt settlement.įounded in 2002, Freedom Debt Relief is one of the country’s largest debt relief companies, but does that guarantee it’s a good service to use? Read out our detailed Freedom Debt Relief walkthrough on its Process, Accreditation, Fees, Savings, and Reviews.įreedom Debt Relief and similar companies deal with your creditors on your behalf to settle your debt for a lower sum.Īccording to the firm, it has settled $10 billion in debt since its inception and resolves approximately 43,891 accounts per month. If you owe a lot of money but are unable to pay it back, your creditor may be willing to forgive a part of your debt in return for a lump-sum payment. American Residential Warranty Reviews 2022.Cinch Home Services Home Warranty Reviews 2022.8 Best Power Vent Water Heaters In 2022.10 Best Gas Water Heater Collection In 2022.10 Best 70-Gallon Water Heaters In 2022.10 Best Robot Vacuums In 2022 | NPC Experts.9 Best Robot Vacuum For Hardwood Floors In 2022.
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