11/28/2023 0 Comments Freedom plus debt consolidationAccreditationsįreedom Debt Relief has been accredited by the American Fair Credit Council (AFCC) and is a member of the International Association of Professional Debt Arbitrators (IAPDA), ensuring their practices meet industry standards.įreedom Debt Relief is highly rated on many independent review sites, making it one of the best debt settlement companies in the industry. Similarly, federal student loans and certain types of tax debt are usually not eligible for the debt settlement programs that Freedom Debt Relief offers. It’s important to note that Freedom Debt Relief generally does not handle secured debts, such as mortgages or auto loans, as these are backed by collateral that the lender can seize if you fail to make payments. Private Student Loans: Federal student loans typically cannot be negotiated, but private student loans, which are unsecured, may be eligible for settlement.Collections Accounts: Debts that have been sold to collections agencies can also be negotiated.Certain Business Debts: Some small business owners can use Freedom Debt Relief for unsecured business debts, but this usually depends on the nature of the debt and the business’s financial structure.Department Store Cards: These often come with high interest rates and can be included in a debt settlement program.Personal Loans: Whether obtained from a bank, credit union, or other lending institution, unsecured personal loans can be included in Freedom Debt Relief’s debt settlement program.Freedom Debt Relief can help negotiate these down to more manageable sums. Medical Bills: Unexpected health issues can lead to substantial medical bills that can quickly become overwhelming.High interest rates can make credit card debt particularly hard to manage, and the company can negotiate with creditors to lower the total amount owed. Credit Card Debt: This is perhaps the most common form of unsecured debt that Freedom Debt Relief deals with.Here are some types of debt that the company typically handles: Types of Debt Relief Offeredįreedom Debt Relief primarily focuses on unsecured debts, which are debts not backed by collateral. Freedom Debt Relief provides a free debt evaluation to help you understand whether their debt relief process is suitable for your specific situation. Unlike a debt consolidation loan, which involves taking out a new loan to pay off existing debts, debt settlement can actually reduce the principal amount. This involves negotiating with creditors to reduce the total amount of debt owed. Available Servicesįreedom Debt Relief offers a range of debt resolution options but specializes in debt settlement. Freedom Debt Relief has resolved over $15 billion in debt for over 850,000 clients. Founded in 2002, Freedom Debt Relief has carved out a significant presence with its tailored debt solutions designed to help people regain financial stability. Freedom Debt Relief : Best Debt Relief Company Overallįreedom Debt Relief (FDR) is one of the most established and reputable debt settlement services in the industry. New Era Debt Solutions: Best customer service.Community Tax: Best for tax debt relief.Accredited Debt Relief: Best for debt consolidation.National Debt Relief: Best for high-interest credit card debt.Freedom Debt Relief: Best debt settlement company overall.If you’re ready to get your finances back on track, the debt relief programs below are a great place to start. To help you find the right debt settlement company for your needs, we’ve reviewed the top debt relief companies in the industry.Įach of the debt relief services below were evaluated on a variety of factors including debt relief programs offered, accreditation, user reviews, types of debt accepted, and fees. However, not all debt relief companies are reputable and have a proven track record of success. The best debt relief companies negotiate directly with your creditors to resolve your debt, often for significantly less than what you owe. If you’re struggling to pay off unsecured debts, such as credit cards or loans, there’s a variety of debt relief companies that can help.
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