Freedom Debt Relief Programs

Freedom Debt Relief is a debt relief company that aims at assisting individuals who have trouble managing their debts. It is the brainchild of two Stanford Business School graduates and has wide customer base spread across United States. They offer services like credit counseling, debt consolidation and an alternative to bankruptcy.

They aim to elevate the standards of the credit industry and lay their emphasis on valued customer base.

How does their debt reduction plan work?

1. Willing customers may call them or e-mail for free consultation and they will determine your chances for debt reduction depending in their assessment of your financial situation.
2. They work on determining the monthly dollar value that you can save after a negotiated settlement.
3. Your creditors are contacted by them once you enroll into their program.
4. They collect your funds and save them until they reach an amount for which they can call creditors to settle the amount for. They may save money for several months before they can save enough to offer the credit card companies any settlement.
5. They let you know through a ‘good news’ notification once the settlement is agreed upon by the creditor.
6. Once the account is paid off, the Credit Bureaus are updated with the information of your account being ‘settled in full”.

What are their debt relief Options?

They provide their customers several debt relief options that can get them out of financial trouble. Their debt relief program includes:

• Credit counseling – Through this they attempt to reduce the rate and fees on your debt. You will need some counseling when you are not able to handle your debts on your own and Freedom Debt Relief does just that.
• Debt consolidation – Through their program they attempt to help those who have no risk of falling behind on their loans and who have disciplined their lives to use credit wisely.
• Bankruptcy – It may sound like the only option but it leaves a deep scar on your life. Freedom provides alternatives to bankruptcy.
• Credit card monthly – They help people settle their debts in a span of 2-3 years.
• Choosing a debt settlement company – They offer debt settlement programs for customers who have had huge credit card bills that they cannot pay anymore.

The debt consolidation care community also has discussions on Freedom Debt Relief where consumers who are also members of the community have shared in their experiences with the company. It may not be their customer’s favorite, but Freedom Debt Relief has had mixed reactions from its huge customer base. With as big a customer base as theirs they can only expect some criticism along with the praise for their work.