Freedom Debt Relief is one of the leading debt resolution providers in the country. Freedom Debt uses debt settlement and debt negotiation to help its clients resolve difficult debt burdens by cutting monthly cost, resolving debts for a discount, and shortening the time it takes to get debt free. They can be located at Freedom Debt Relief. Freedom Debt Relief certainly does not appear to be a scam, but rather one large provider of a particular format of debt relief solutions typically called debt settlement.
We evaluated Freedom Debt Relief and here is what we found:
The program that they use lists three primary benefits: a low monthly contribution payments; reducing debts and the amount of principal owed; and getting their clients debt-free in a short amount of time. When Freedom Debt Relief negotiates down credit card debt, it allows their clients to save a smaller amount each month that is saved in an FDIC insured bank account in the clients name — resulting in those lower payments. Overall, it looks like this is not a scam and is a a solid company for consumers who want low payments and to get debt free quickly.
It is important, however, to evaluate any program on its merits and down-sides. With a negotiated debt settlement program, the benefits come at the cost of a low credit rating during the program (do not expect to get a loan or mortgage during a debt settlement program, and likely for at least a year after you graduate).
These are a few of the considerations, if you want to go to its Web site. They can be located at Freedom Debt Relief. If you would like more information, please visit our debt relief boot-camp or apply with one of Bills.coms approved debt relief partners by following this link: Debt Relief Savings Quote
*UPDATE - 2010*