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Freedom Debt Relief: BBB Accredited Debt Relief Services
As of 2021, the United States has a record-breaking debt of $14.56 trillion. With the economic recession caused by the COVID-19 pandemic, the number of Americans in debt has skyrocketed, leaving them in financial distress. High-interest rates, accumulation of late fees, and difficulty keeping up with monthly payments have caused many individuals to seek debt relief services. Freedom Debt Relief (FDR) is one such company that specializes in providing debt relief solutions. In this article, we’ll dive deep into what FDR is, how it works, and why it’s important for debt-ridden individuals.
What is Freedom Debt Relief?
Freedom Debt Relief is a BBB (Better Business Bureau) accredited debt settlement company. It was founded in 2002 by Andrew Housser and Brad Stroh, two entrepreneurs who aimed to help people struggling with overwhelming debt. Freedom Debt Relief offers its clients a range of debt relief services, including debt settlement, debt counseling, and credit card consolidation to help them get out of debt and achieve financial freedom.
How does Freedom Debt Relief Work?
Freedom Debt Relief assists its clients by negotiating with creditors to reach a favorable settlement, which eliminates the client’s debt at a discounted rate. There are four main steps in the Freedom Debt Relief program:
1. Free Consultation: The first step is a free consultation with a debt expert. The expert will get information about the client’s debt, income, and expenses to assess their financial situation and determine if they qualify for the program. The expert will explain the available debt relief options, answer any questions, and provide a customized debt relief plan.
2. Enrolling in the Program: If the client decides to enroll in the program, they will sign up and provide their financial details, such as bank statements and credit card statements, to the Freedom Debt Relief team. The company will use this information to create a debt settlement account on behalf of the client.
3. Debt Negotiation: With the client’s approval, Freedom Debt Relief will negotiate with creditors to reduce the client’s outstanding debt. The company’s debt negotiation experts will work with creditors to reach a favorable settlement for the client. When an agreement is reached, the client must approve it before Freedom Debt Relief can proceed with payment.
4. Debt Resolution: After the settlement has been made, the client can make a one-time payment to the creditor, or they can opt to make monthly payments until the debt is fully paid off. This is done through the debt relief account established in Step 2. Freedom Debt Relief charges a fee for its services and will take that fee from the debt relief account.
Why Choose Freedom Debt Relief?
Freedom Debt Relief has many benefits, making it an attractive debt relief option for those in financial distress. Here are some reasons why people choose Freedom Debt Relief for their debt relief needs:
1. BBB Accreditation: Freedom Debt Relief is accredited by the Better Business Bureau, which is a testament to the company’s dedication to customer service and ethical business practices.
2. Customized Debt Relief Plan: Freedom Debt Relief’s debt experts create a customized debt relief plan for each client’s unique financial situation. This plan is designed to help the client become debt-free through debt settlement, debt counseling, and credit card consolidation.
3. Experienced Negotiators: Freedom Debt Relief has a team of debt negotiation experts who have years of experience working with creditors to reduce clients’ outstanding debt.
4. No Hidden Fees: Freedom Debt Relief charges a fee for its services. However, the fees are transparent and disclosed upfront, so there are no hidden fees or surprises.
5. Positive Reviews: Freedom Debt Relief has a high rating on various review sites, including Trustpilot and the Better Business Bureau, indicating that many customers are satisfied with its services.
6. Endless Support: The Freedom Debt Relief team is available 24/7 to support its clients throughout the debt relief process. They provide guidance, answer questions, and help clients navigate the road to financial freedom.
Freedom Debt Relief FAQs:
Q: Is Freedom Debt Relief a legitimate company?
A: Yes, Freedom Debt Relief is a BBB accredited company that has been in the debt relief business for almost 20 years.
Q: How much does Freedom Debt Relief cost?
A: Freedom Debt Relief charges a fee for its services, which depends on the client’s debt amount, location, and other factors. The fees are transparent and disclosed upfront, so there are no hidden charges.
Q: Will enrolling in Freedom Debt Relief affect my credit score?
A: Yes, enrolling in Freedom Debt Relief may affect your credit score. However, the impact is usually temporary, and the goal is to help clients become debt-free in the long term.
Q: How long does it take to become debt-free with Freedom Debt Relief?
A: The timeline to becoming debt-free with Freedom Debt Relief depends on the amount of debt, the client’s financial situation, and the debt negotiations with creditors. However, clients typically become debt-free within 24-48 months.
Q: Can I still use my credit cards while enrolled in Freedom Debt Relief?
A: It is typically advised not to use credit cards while enrolled in the Freedom Debt Relief program. Instead, clients should focus on making payments into their debt relief account to pay down existing debt.
Conclusion:
In conclusion, Freedom Debt Relief is an effective, BBB accredited debt relief service that helps clients become debt-free and achieve financial freedom. Its team of debt relief experts offers a customized debt relief plan, experienced negotiators, and 24/7 support to help clients navigate the debt relief process. The company’s transparency, positive reviews, and ethical business practices make it a popular debt relief option in the market. If you’re struggling with overwhelming debt, Freedom Debt Relief may be the solution you need to regain control of your finances and live a debt-free life.
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Article Summary:
Freedom Debt Relief is a BBB-accredited debt relief service provider that specializes in debt settlement, debt counseling, and credit card consolidation. The company assists its clients by negotiating with creditors to reach a favorable settlement, which eliminates the client’s debt at a discounted rate. Freedom Debt Relief has a team of experienced negotiators who have years of experience working with creditors to reduce clients’ outstanding debt. The company’s transparency, positive reviews, and ethical business practices make it a popular debt relief option in the market. However, enrolling in Freedom Debt Relief may affect your credit score.
