Freedom Debt Relief (Debt Consolidation) Review
Freedom Debt Relief (FDR) has provided debt negotiation and reduction services since 2002. It is currently the largest debt negotiator in the United States, having settled more than $18 billion in debt on behalf of its customers.
Services and Features
FDR's process starts with a free evaluation and consultation with a certified debt consultant, who walks the consumer through the debt relief options available to them given their current financial situation and goals. While the company's bread and butter is the debt settlement through negotiation program, they can also advise consumers as to debt consolidation loans.
The company does a great job of describing the pros and cons of this strategy, and is clear about the qualifications the customer needs to take advantage of this option. Good credit is not required to become an FDR customer, but you may be better suited to the FDR program if you have a good debt-to-income ratio and a steady source of income. FDR is not a lender, but they will help customers who meet this criteria get the process started.
As all reputable debt negotiating firms, FDR does not charge fees upfront, just when customers see results.
|
Services and Features |
|
|
Debt Relief Program |
✔ |
|
Unsecured Debts |
✔ |
|
Debt Consolidation |
✔ |
|
Credit Card Debts |
✔ |
|
Debt Management |
✔ |
|
Debt Negotiation |
✔ |
|
Debt Settlement |
✔ |
|
Credit Counseling |
✔ |
|
Debt Analysis |
✔ |
|
Bankruptcy |
✔ |
|
Number of Debt Settled |
9 billion + |
|
Qualifications |
|
|
Minimum Debt Required |
-- |
|
Legitimate Financial Hardship |
✔ |
|
No Defrauding Issue |
✔ |
|
Accreditations |
|
|
BBB |
✗ |
|
American Fair Credit Council |
✔ |
|
International Association of Professional Debt Attributors |
✔ |
|
USOBA |
|
|
Plans and Fees |
|
|
No Upfront Cost |
✔ |
|
No Consultation Fee |
✔ |
|
No Monthly Fee |
Not stated |
|
Program Length |
24-72 months |
|
Fees and Charges |
Not stated |
|
Help and Support |
|
|
Debt Specialist Advisor |
✔ |
|
Online Account Management |
✗ |
|
Live Chat |
✗ |
|
Telephone Support |
✔ |
|
|
✔ |
|
FAQs |
✔ |
Debt Consolidation at Freedom Debt Relief
Freedom Debt Relief uses its expertise in debt management to help consumers find the right strategy for them. If a consumer meets the requirements for a debt consolidation loan, they will help them get started with the process. Its solid reputation and its standing as the largest debt negotiator in the U.S. give them an edge in matching customers with the right resources and solutions.
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Recommended for debts above $20,000
- Free, no-obligation evaluation from a certified debt consultant
- Low monthly payments with no upfront fees
- Accredited business with an A+ rating from the BBB
- Consolidated more than $18 billion in debt
