Once you pay off all the debt (in about 24–48 months), the creditor will report your account as settled in full. After you’ve accumulated six to twelve months of the agreed amount, Freedom Debt Relief approaches your creditor to ask for a new payment plan.Īfter you get a settlement deal, you must sign the documents and authorize the payment processing company to send money to the creditor. Once enrolled, you must deposit money each month into an FDIC-insured account recommended by them. However, you must have a debt of at least $7,500 to qualify for Freedom Debt Relief’s program. But before we dive into it, let's discuss how Freedom Debt Relief works.įreedom Debt Relief enrolls consumers with unsecured debt into their program to help them settle a debt for less than they owe. Today, the SoloSuit team will give you more details on Freedom Debt Relief debt settlement reviews. Despite its outstanding record, many consumers have had negative experiences working with them. As of 2023, it has settled over 4 million accounts and over $15 billion in debt. They negotiate with your creditors to reduce your debt to a lower amount or at a lowered interest rate.įreedom Debt Relief is among the largest debt relief companies in America. This article will give you more information on Freedom Debt Relief debt settlement reviews.įreedom Debt Relief (FDR) is the company consumers turn to when they are in deep debt and do not have the financial resources to pay off the debt. Freedom Debt Relief has been accused of these things. Summary: It's unfortunate when a consumer signs a debt settlement deal only to find that their debt is still marked unpaid, or the settlement fee is too high.
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