Freedom Debt Relief Review – Legit or Bogus?
PROS: In the debt relief industry,Freedom Debt Relief has a good reputation.
CONS: The company was slow to provide support through email.
VERDICT: Freedom Debt Relief has a strong reputation within the debt relief industry, making it a dependable choice for your debt consolidation program.
Freedom Debt Relief Review
When compared to other debt consolidation companies on our line-up, Freedom Debt Relief provides lower than average service fees. It likewise agrees with the FTC regulations that doesn’t allow charging advanced fees for settlement.
There are two important factors you need to consider when deciding on a bill consolidation company: low fees and high reduction rates. Freedom Debt Relief's fees ranges around 18 to 25 percent of your total amount of debt. Although, the rates you end up paying differ, depending on your specific situation.
Contacting customer service,we calculated this score based on our experience.
Higher is Better
- New Era Debt Solutions 90%
- National Debt Relief 85%
- Category Average 81.50%
- Freedom Debt Relief 80%
- Accredited Debt Relief 80%
Freedom Debt Relief – Eligibility & Application
To start your program, you need to fill out the form found on the website and later a debt specialist will contact you. If you qualify for the program during your free consultation,you have to see you go over your debt and the types of debt. Not every unsecured debts are qualified for consolidation; for instance, student loan consolidation is frequently not an option. Remember that during this consultation, you need not be pressured to disclose any personal account information.
Freedom Debt Relief – Cost & Fees
Freedom Debt Relief doesn't charge account management fees or advanced fees for debt consolidation. The FTC laws restrains the companies from charging advanced fees for services,by charging consultation fees or management fees few companies attempt to find an alternative through this. Freedom Debt Relief doesn’t try to find a substitute for charging fees.
It is important to keep in mind that your creditors are not required to negotiate your debt throughout the process. They are still inside their rights to get in touch with you about your debt and may even sue you. While this is an intense action and many people are not sued, it is still a possibility. Freedom Debt Relief surely states that it cannot stop collection calls but will try to minimize them.
Freedom Debt Relief – Time Frame
The time frame for this program is nearly 24 to 48 months, which is well inside the industry average. While this may appear like an enormous amount of time, you need be careful about any company that promises it can quickly exclude your debt. Debt consolidation is not a quick fix but can help ease the burden of your debt; in order to succeed it requires dedication and time.
Freedom Debt Relief outlines the damages of the debt consolidation program on the company website and its adverse effect on your credit score and capacity to take out loans. Additionally, the eligibility requirements and expenses of the programs are clearly stated. Before you sign up for the program,all of this information has to be disclosed, and it is convincing to see Freedom Debt Relief giving it so prominently on its website.
Freedom Debt Relief – Customer Experience
The website additionally gives self-help resources, for example its debt relief guide, which outlines payment records and different options. This enables you to choose which program is the best fit for you. Basic customer support given by this company is accessible through email and phone but not by live chat. When we spoke to the representatives, we found them to be polite and knowledgeable. Although, when we contacted the company through email, it was delaying to respond to our requests.
Freedom Debt Relief – Company Accreditations
Freedom Debt Relief values its great reputation as noticeable by the accreditations they have pursued. The company is both AFCC and IAPDA accredited. While nor is a government agency, they both work inside the debt relief industry to look after consumers. The IAPDA gives training and certifications to debt arbitrators so they can maintain FTC regulations while managing clients and utilize best practices when negotiating your debts. The AFCC gives third-party overviews of consolidation companies to guarantee that they are maintaining FTC laws.
Freedom Debt Relief – Summary
Freedom Debt Relief is a standout amongst the most popular names in the debt consolidation industry and for good reason. It has a strong reputation and does not attempt to hide the risks involved with a debt consolidation program. While this data may scare few people away, it is important to note that the company is displaying facts so you can make the best decision possible.