3/11/2023 0 Comments Freedom debt relief reviews![]() All customers should be wary before entering into debt negotiation due to this potential complication. While this is generally the case for any agency of this kind, it is worth noting that working with Freedom Debt Relief will likely have an impact on the customers credit score. The company only handles debts over $10,000, which is rather high for this industry, and means the assistance they can provide is only available to those with substantial debts. With a great reputation, solid industry accreditation, and a proven track record, theres no doubt that Freedom Debt Relief has plenty to offer customers.Īreas Where Freedom Debt Relief Could Improveįreedom Debt Relief is only available in 35 states, so customers have to check to see if they are eligible. The above figures are fairly standard, but still promising for those with debt problems.Īll customers are provided with dashboard access so they can view the status of their payments. The company aims to resolve all debts within 48 months.Freedom Debt Relief charges customers 15-25% of the total debt for their services, which is standard for the industry.With these accreditation, Freedom Debt Relief customers can be absolutely confident that all standards and quality assurances will be met. Senior executives from Freedom Debt Relief sit on the American Fair Credit Council. ![]() International Association of Professional Debt Arbitrators.Association of Family and Conciliation Courts. ![]() Creditors will be familiar with them from working with the company, which means the process of debt negotiation is likely to go smoothly.įreedom Debt Relief holds accreditation with the following organizations: Freedom Debt Relief: The Goodįreedom Debt Relief has been in business since 2002, giving them a solid history in the industry. So does Freedom Debt Relief live up to the hype, or are they simply coasting on their established reputation? Read on to find out more. In fact, in 2010 Freedom actively participated in drafting the Federal Trade Commission rules that defined the consumer protection regulations that govern the debt settlement industry. In fact, since 2010, FDR settled $1.2 billion in debt (nearly 200,000 accounts) for clients with accounts from the credit card issuers listed in the complaint. Freedom has developed strategies to negotiate settlements with debts from all creditors. Freedom strongly disagrees with this claim. The CFPB recently filed a lawsuit claiming that Freedom failed to disclose that certain creditors will not negotiate with debt settlement companies. Freedom Debt Relief’s Battle with the CFPB They claim to have resolved over $10 billion in debt and helped over 615,000 clients since 2002. Freedom Debt Relief is a debt management company that is part of the larger Financial Freedom Network.
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