Freedom Debt Relief is a debt relief company that helps people resolve their credit card debt for less than the full amount owed. The company negotiates with creditors to settle debts for significantly less than what is owed, and creates a custom debt relief program that gets the best possible results. The program is not a loan and does not charge signup fees. Instead, clients make a monthly deposit into an FDIC-insured dedicated account that they control, and as the account grows, Freedom Debt Relief negotiates with creditors to settle debts for less than the full amount owed. Once a settlement is authorized, payments are made directly from the dedicated account to the creditor.
Freedom Debt Reliefs program has four phases: Build, Negotiate, Settle, and Freedom. During the Build phase, clients make monthly deposits into their dedicated account, and as the account grows, Freedom Debt Relief creates a custom plan to get them out of debt. In the Negotiate phase, Freedom Debt Relief negotiates with creditors to settle debts for significantly less than what is owed. During the Settle phase, clients approve settlement offers, and payments are made directly from the dedicated account to the creditor. Finally, during the Freedom phase, clients are free of the debts they enrolled, and can move forward with their lives.
Freedom Debt Relief is the largest debt settlement provider in the country and has served over 850,000 clients since its founding in 2002. The company has helped clients resolve over $15 billion in debt. Debt settlement is the type of service Freedom Debt Relief offers, and it is a method for paying off unsecured loans like credit card balances or medical bills. Debt settlement has its pros and cons, and clients should carefully consider their options before enrolling in a debt relief program.
