The Bills.com staff researched Freedom Debt Relief and reviewed information on the company and on its debt resolution strategies. We give Freedom a thumbs up.
Yes, Freedom Debt Relief appears to be a good option if you seek debt resolution or negotiated debt settlement. They are not a scam and have helped tens of thousands of clients resolve thousands of dollars in debt through debt settlement. The company is a leader in size and in quality, and is a good fit if you qualify for Freedom Debt Relief’s solution. Bills.com offers a Freedom Debt Relief Video that outlines your debt relief options, if you want to see more information on Freedom Debt Relief.
I will also share some of the basic homework and the facts, but be sure to pick the solution that is right for you:
- Freedom Debt Relief appears to be one of the largest debt resolution firms in the country, settling more than $100 million in client debts per year and managing over a billion in consumer debt (making the company one of the largest).
- The founders of the company are Stanford Business School alumni with impressive backgrounds in the financial services industry.
- One of the founders of Freedom Debt Relief is on the executive board of The American Fair Credit Council (AFCC). The AFCC was formerly TASC, The Association of Settlement Companies. The AFCC is the leading debt settlement industry trade group. The AFCC has a strict code of conduct for its members that demands transparent and accurate communication with clients as well as full disclosure of the risk and benefits of debt settlement. Freedom Debt Relief is very active in setting regulations and standards in the industry to protect consumers.
- Freedom Debt Relief has won many awards (Best Places to Work in Phoenix, Best Places to Work in San Francisco, Entrepreneurs of the Year from Ernst & Young, Fast 100 list by Entrepreneur Magazine, Inc. 500, and others).
- Freedom Debt Relief’s debt consultants are IAPDA certified. The company is one of the few to be AFCC and BSI-certified for excellent customer relationships.
- The company looks solid and credible, having been around long enough to serve thousands of graduates and to have developed efficient systems and business procedures.
- They have been in business for over a decade, so you have confidence that they have stability.
Since we believe that Freedom Debt Relief is a very good option, we also want to make sure that you do your homework on debt settlement and make sure that this is the right debt relief option for your situation, since debt settlement is not a perfect solution for everyone.
If you are looking for general information on negotiated debt settlement, I can give you the following facts:
Debt settlement, also called debt negotiation, is a form of debt consolidation that resolves your total debt via a form of negotiated, reduced-balance settlements, sometimes more than 50%, with low monthly program payments. Debt settlement programs typically take approximately three to four years to complete, and require perseverance and commitment to stick to the program until all of the debts are resolved. It is important to keep in mind, however, that during the life of a debt settlement program, you are not paying your creditors. This means that a debt settlement form of debt consolidation will negatively impact your credit rating and you will likely get collection calls. You have to partner with your firm to become totally debt free. However, debt settlement is usually a fast and relatively lower cost way to debt freedom, with a low monthly program payment, while avoiding bankruptcy. The trade-off here is a negative credit rating versus saving money and a low program monthly payment.
So, we think that Freedom Debt Relief could be a great choice for you!
In the spirit of full disclosure, we consider Freedom Financial Network and it’s related entities as sister companies and think very highly of the teams at Freedom.
I hope this information helps you: Find. Learn. Save. Also, be sure to check out our Freedom Debt Relief Review where consumers and clients post their ratings of Freedom and many other debt relief providers.
P.S. Contact Freedom Debt Relief directly and find out for yourself: (800) 544-7211
Since the initial review, Freedom Debt Relief has grown to become one of the largest debt resolution providers in the country. They have now resolved more than $2 billion in debts for their clients, showing real results for their clients. We are not aware of any other settlement firm that has resolved this much debt and saved as much for its clients. They are also currently A-rated by the BBB (better business bureau) and appear to be complying with Federal and state regulations that relate to debt resolution. Importantly, they do NOT charge fees in advance of consumer benefit or getting actual settlements, which is consumer friendly and the model advocated by the Federal government.
Freedom has been recognized as one of the best places to work in Phoenix and San Francisco, been named to the Inc. 500, Fast 100 and has had third-party audit reviews completed:
Is was audited by BSI Group, a third-party industry compliance and standards auditor. Freedom Debt Relief is currently one of only 16 companies in the industry to undergo and pass a BSI audit for formal accreditation, including client service standards and settlement standards. The company has served 75,000 clients and still average a 98% service level and customer service client on-hold times that average five seconds.
All Freedom’s debt consultants passed International Association of Professional Debt Arbitrators (IAPDA) certification, and FDR is one of three Platinum-certified debt settlement companies.
In late 2010, the FTC passed new rules and regulations that prevent debt settlement providers from charging any fees before a settlement is reached. Freedom Debt Relief is fully compliant with the new FTC rules. This means that Freedom Debt Relief clients don’t have to pay a cent in fees until they see results. This consumer-friendly rule change makes working with Freedom Debt Relief a smarter choice than ever.