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?
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.
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 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.
Freedom Debt Relief also offer clients a detailed, interactive Client Dashboard, so clients can monitor the progress on their program.
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.
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.
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.
Bills.com believes that Freedom Debt Relief is an option you should examine. In the interest of full disclosure, Bills.com is part of the Freedom Financial Network, as is FDR.