When it comes to debt relief options, it can be challenging to identify which ones are legitimate and which ones are scams. With so many debt relief companies out there, it’s crucial to do your research to ensure that you’re working with a reputable and trustworthy organization. In this article, we’ll take a closer look at Freedom Debt Relief and answer the question, “Is Freedom Debt Relief legit?”
What is Freedom Debt Relief?
Freedom Debt Relief is a debt settlement company that aims to help consumers eliminate their unsecured debt. The company was founded in 2002 and has helped over 750,000 people with their debt. Freedom Debt Relief works with consumers to create a customized debt relief program that works for their specific financial situation.
How Does Freedom Debt Relief Work?
Freedom Debt Relief works by negotiating with your creditors to settle your debt for less than what you owe. The company will work with you to determine a monthly payment that you can afford, and this money will be used to fund an account that is used to pay off your debts over time.
Once a certain amount of money has been saved in your account, Freedom Debt Relief will begin negotiating with your creditors to settle your debts. The company has relationships with many creditors and has been successful in negotiating settlements for their clients.
Is Freedom Debt Relief Legit?
The short answer is yes, Freedom Debt Relief is a legitimate company that has helped thousands of people with their debt. However, it’s important to note that debt settlement is not right for everyone. If you have a lot of debt, low income, or are struggling to make your monthly payments, debt settlement may be a good option for you.
It’s also important to note that debt settlement will have a negative impact on your credit score. When you settle a debt for less than what you owe, it will be reported to the credit bureaus as a “settled” account, which can stay on your credit report for up to seven years.
Pros and Cons of Freedom Debt Relief
Like any debt relief option, there are pros and cons to working with Freedom Debt Relief. Here are some of the key advantages and disadvantages:
Pros
- Freedom Debt Relief can help you settle your debts for less than what you owe, potentially saving you thousands of dollars.
- The company has a track record of success and has helped many people get out of debt.
- Freedom Debt Relief offers a free consultation to help you determine if debt settlement is the right option for you.
- The company has an easy-to-use online platform that allows you to track your progress and see how much you’ve saved.
Cons
- Debt settlement will have a negative impact on your credit score, which can make it difficult to get approved for credit in the future.
- There are fees associated with working with Freedom Debt Relief, which can add up over time.
- Debt settlement is not right for everyone, and it’s important to consider all of your options before deciding to work with a debt settlement company.
How to Get Started with Freedom Debt Relief
If you’re interested in working with Freedom Debt Relief, the first step is to schedule a free consultation. During this consultation, a debt relief specialist will review your financial situation and help you determine if debt settlement is the right option for you.
If you decide to move forward with Freedom Debt Relief, the company will work with you to create a customized debt relief program that works for your specific needs. You’ll make monthly payments into an account, which will be used to fund settlements with your creditors. Over time, your debts will be settled, and you’ll be on your way to becoming debt-free.
Final Thoughts
If you’re struggling with debt, it’s important to know that there are options available to help you get back on track. Freedom Debt Relief is a legitimate company that has helped many people settle their debts and become debt-free. If you’re considering debt settlement as an option, it’s important to do your research and work with a reputable company like Freedom Debt Relief. With the right guidance and support, you can achieve financial freedom and start living the life you want.
