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Freedom Debt Relief & Review- Scam or Good?

Is Freedom Debt Relief a good option for debt relief? Can you do a review of Freedom Debt Relief for me for my debt troubles?

Is Freedom Debt Relief a good option for debt relief? Can you please do a review of Freedom Debt Relief for me to determine if they are the BEST debt relief option for me? Their are a lot of debt relief scam companies out there and I want to be sure that Freedom Debt is a reputable and good debt relief company for my credit card debt problems. Basically, is Freedom Debt Relief a scam, or can the program work for consumers with debt problems?

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Bill's Answer
(32 Votes)

Freedom Debt Relief is a smart choice for people in financial hardship and heavy debt.

  • Freedom Debt Relief has a BBB rating of A+.
  • Freedom Debt has resolved over $7.5 billion in debt, the most of any debt resolution company.
  • Debt settlement isn't for everyone. Work with a firm that reviews the pros & cons of its approach.

Freedom Debt Relief & Evaluation

The staff researched Freedom Debt Relief and reviewed information on the company and on its debt resolution strategies. We give Freedom a thumbs up.

Because you are struggling with debt and are actively looking for a solution, it is good that you are aware that you need to be careful to avoid debt relief scams. When you are in debt, stress levels rise. It's easy for desperation to creep in. 

Vulnerable people are the ones most easily scammed. Don't let desperation for a solution shortcut your research.

Freedom Debt Relief

Freedom Debt Relief a leader in debt resolution. Freedom Debt Relief offers a debt settlement program; they negotiate with the creditors that its clients owe, working to resolve their debts for a discount. Clients regularly receive an added benefit of a smaller monthly payment in the FDR program than they were paying in required minimum payments to their creditors. If you need monthly cash-flow relief, looking further at the FDR program is a wise choice.

Even while you pay a lower monthly cost, Freedom Debt Relief's debt resolution program shortens the time it takes you to become debt free.

To properly research Freedom Debt Relief, you should check out their website.

One innovative feature is FDR's innovative Savings Estimator.  It provides you with an estimated comparison of the cost of the FDR debt settlement program, based on historical performance for clients, against the cost of making minimum payments to your creditors. This free tool gives you an an estimated monthly program payment amount and the estimated length of your program in months.

The website has in-depth frequently asked question section and an area with personal testimonials from FDR clients.

Freedom Debt Relief also offer clients a detailed, interactive Client Dashboard, so clients can monitor the progress on their program.

Not a Scam

The best way to avoid a scam is to be an educated consumer. Take the time to check out your options before making a decision. This is especially true when selecting an online company to work for you.

Look at reputable, independent review sites, in order to avoid scams. The BBB is the best known review site. Trustpilot is another well-known review sites that features reviews from verified consumers. evaluation of Freedom Debt Relief

FDR is forthright that their program has pros and cons. Beware of any debt relief solution where you are told that there are no downsides.

The Freedom Debt Relief program is the right choice for some consumers overwhelmed with debt, but not for all. The FDR website and the presentation offered by their debt consultants emphasizes for whom the program is appropriate.

It is important to evaluate any program on its merits and down-sides. To their credit, FDR makes clear that benefits of getting our of debt faster, and at a lower cost, come with the cost of a hit to your credit score in the short and mid-term. FDR clients are more concerned with getting out of debt than credit impact. They know it is far easier to rebuild credit than to pay off a mountain of debt.

FDR discloses that there are potential tax implications from settling a debt. You may have to pay taxes on the amount of debt you have forgiven, but it is far better to pay taxes on $20,000, for example, than having to pay back $20,000.

The upside is getting you out of debt faster and at a lower cost. FDR has more than 15 years of experience. FDR's size and experience allow it to bulk deals together to secure the best settlement percentages possible. This allows FDR to make things more efficient for the creditors, which saves the creditors and the FDR clients money.

Is Debt Settlement Right for You?
Answer a short series of questions about your debt and your goals and get a free consultation with an FDR debt consultant.

Here is some important information about FDR that we gathered for you to understand what they do, how effective they are, and the steps they take to ensure they maintain high standards.

FDR Facts and Statisctics

  • Freedom Debt Relief (FDR) is the largest debt settlement firm in the USA.
  • Freedom Debt Relief has settled more than $7.5 billion of consumer debt, more than any other debt settlement firm.
  • Freedom Debt Relief settled more than 340,000 individual accounts in the first 9 months of 2017.
  • FDR works directly for the consumer. They don't receive any compensation from the creditor, which is how many alternative credit counseling firms work, where they get kick-backs from the credit card companies to get you to pay your debts back).
  • FDR is an accredited member of the Better Business Bureau with an A+ rating.FDR is a founding member of the American Fair Credit Council (AFCC), helping establish ethical standards for the debt negotiation industry since 2011.
  • Freedom passed an audit by BSI Group, a third-party industry-compliance and standards auditor. Freedom is currently one of only 18 companies in the industry to undergo and pass BSI audit for formal accreditation, including client service standards and settlement standards.
  • The debt consultants at Freedom have passed International Association of Professional Debt Arbitrators (IAPDA) certification, FDR is one of three IAPDA platinum-certified debt settlement companies.  
  • The founders have appeared in the press and news as consumer finance resources in The New York TimesLos Angeles Times, CNN, Stanford Business School MagazineLa Opinion, and many others.
  • Freedom is recognized as one of the best places to work in Phoenix and San Francisco Bay Area, been named to the Inc 500, Fast 100 and has had multiple third party audit reviews completed.
  • Much of the information above can be found on the Freedom Debt Relief Wikipedia page.


Struggling with debt? believes that Freedom Debt Relief is an option you should examine. In the interest of full disclosure, is part of the Freedom Financial Network, as is FDR.

Get Debt Help!
(32 Votes)

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  • LP
    Feb, 2013
    Meadville, PA
    I just gave my SS# to Freedom Debt Relief. Should I not have done this? I just have this nagging feeling and want to make sure I am not going to be the victim of identity theft?
    0 Votes

    • BA
      Feb, 2013
      You should be ok, but feel free to call them back and ask them to confirm that the only use is for a soft-pull (no credit impact) of credit for evaluation of a custom debt resolution program. Good luck.
      1 Votes

  • JC
    Nov, 2012
    Texarkana, TX
    Overall I have been happy with Freedom Debt Relief, but I was told I would have the flexibility to change the date that my bank account would be drafted, as long as I gave 5 days notice. That was very important to me, because I am self employed in the construction business, and my income has some major down times. I have recently had a bad stretch, and when I made a request to change a draft date, I was told that it could not be done, because of agreements made to a creditor. I told the representative that the money would not be available, but they drafted my bank account anyway. My bank covered the draft and charged an overdraft fee.
    4 Votes

  • MM
    Jul, 2012
    I joined FDR in Sept 2011...they've settled 4 out of my 7 accounts so far. All accounts have been settled at 40% of what I owed. The staff is great and the collection calls haven't been as bad as I thought! Yes my credit score took a nose dive but that's the price I have to pay for running up my credit cards! Citi has been the hardest company to deal with! I owed a total of $36k and should have all debt settled on less that 3 years total! Thanks FDR!!!
    4 Votes

  • BS
    Feb, 2012
    Portola Valley, CA
    I am considering Freedom Debt Relief. I heard that Freedom Debt only charges fees AFTER a client gets results. Can this be true that there are no upfront fees, and that you truly only pay for the service AFTER you get the benefits?
    5 Votes

    • JH
      Feb, 2012
      Lake Forest, IL
      Yes, this is correct. Freedom Debt is one of the few companies that complies with new consumer rules that state that a company can only charge a fee after the debt is resolved, account by account. So it is true! Freedom is a good choice if you have lots of debt or financial hardship.
      5 Votes

    • BA
      Feb, 2012
      Jon is correct. Freedom Debt does not charge any fees until after successful debt resolution. This went in to place for all clients enrolled after October of 2010.
      7 Votes

  • MT
    Jan, 2012
    Mountain View, CA
    Can clarify its relationship with Freedom Debt Relief?
    4 Votes

    • BA
      Jan, 2012
      Bill is an independent LLC, but considers as a sister company the Freedom Financial Network, which also owns Freedom Debt Relief. is editorially independent. We call things as we see them. We have no problems pointing out the pros and cons of debt settlement.
      7 Votes