Freedom Debt Relief Review

Debt is a major obstacle to financial solvency and security for many people, so it is important to be able to get rid of it in a smart way. Working with Freedom Debt Relief is one possibility that is available. By negotiating down the amount that you have to pay on your debts, they allow you to save that money and put you in a better financial position. That is especially important to our readers that want to retire before the age of 37. This Freedom Debt Relief review looks at their offers and their process to see if it can be a worthwhile choice to reduce your debts.

What Is Freedom Debt Relief?

Freedom Debt Relief is a debt settlement company, which means that it negotiates with your creditors on your behalf to get them to accept a smaller amount of money in exchange for canceling the debt. This can often result in significant savings. We will start our Freedom Debt Relief review with some basics.

Company Overview

  • Savings off your debt: 20 to 35 percent (after fees)
  • Minimum debt required: $7,500
  • Average debt: $25,000
  • Service Fees: 18 to 25 percent of enrolled debt
  • Timeframe: 2 to 5 years
  • Cancellation fees: None
  • Types of debt accepted: credit card, personal loans, private student loans, medical bills, and other such unsecured debts

How It Works

Getting started with Freedom Debt Relief is relatively easy. Simply get in touch with them via their website or phone, and they will provide you with a free consultation regarding your debts. Let them know how much you owe to whom, and how much interest and monthly payments you have to pay.

Depending on the kinds of debt you have and the amounts of it, you may or may not qualify. In order to work with Freedom Debt Relief, you need at least $7,500 in unsecured debt. Unsecured debt is debt that is not backed up by a physical asset, such as medical bills or credit card balances. Secured debt like a car payment or a home equity loan does not count.

Bonus read: 10 Best Debt Settlement Companies in 2018

Debt Settlement Process

If you qualify, you will work with an advisor to put together a payment plan for you based on how much he or she thinks Freedom Debt Relief can negotiate your debt down and how much you are able to pay. Part of that payment goes towards paying Freedom Debt Relief’s fees, while the rest goes into a secured account that Freedom Debt Relief can use to pay off your debts once it negotiates them down. This negotiation is the debt settlement process.

An important thing to keep in mind while reading this Freedom Debt Relief review is that your debt will be in collections during this process, as a debt settlement company can’t negotiate on debts that you are currently paying off. Their argument is that you can’t pay them off unless they are reduced, after all.

This could mean that your credit could see a severe downgrade as you go through the process, so be prepared to spend some time building your credit score back up after you are finished. It is still a much better alternative to bankruptcy, however, making it a net win if you are in a particularly difficult financial position.

Benefits of Using Freedom Debt Relief

In general, Freedom Debt Relief reviews by customers tend to be positive. It has an Excellent score from Trustpilot, with most customers noting how easy their process was and how responsive their customer service is. We liked the following:

  1. The easy and clear web portal that gave us all of the information needed at a glance in one place. It is also easy to get started with the program thanks to the easy sign-up process and the quick response time from the company.
  2. In general, Freedom Debt Relief promises an above-average reduction in your debt compared to other companies in that field. For people with a lot of debts, there can be a lot to gain from enrolling in their program. And because there are no up-front fees, the cost of entry is relatively low as well.
  3. Freedom Debt Relief also possesses strong accreditation, which can help some potential users with their peace of mind.
  4. It is among the founding members of the American Fair Credit Council, which sets the guidelines for lenders and debt-related service providers, which means that it is a company with excellent connections in the lending world, which gives it more clout when negotiating on your behalf.

What Are the Risks?

As with all debt relief services, we have to point out in our Freedom Debt Relief review that this is a course of action with plenty of risks attached:

  1. There is always a chance that your creditors will not let you negotiate your debt down, and you likely won’t know that until you have been making payments to Freedom Debt Relief for some time. You can get your money back, but it still means time wasted and interest accrued on your debt, not to mention the hit to your credit rating which accompanies all debt negotiations.
  2. Freedom Debt Relief has also gotten in some trouble in the recent past for its negotiating practices and fee collection. One lawsuit against it in California alleged that it never even started negotiating with some of its clients’ creditors, while still charging them fees for it.
  3. The company paid fines for these infractions and seems to have shaped up since then, but there are still risks that it will not take your debts as seriously as you do. Other customers also mentioned that it can often take a long time for the company to negotiate a settlement with your creditors. Other similar firms tend to move faster.


A simple example in our Freedom Debt Relief review can demonstrate how debt settlement can result in significant savings. Let’s say you owe $10,000 on a credit card. Freedom Debt Relief believes they can negotiate that down to $3,000. Together with a 20% fee, which adds up to $2,000, that means you are liable for $5,000 in total. At $105 per month, you can pay off both the fees and the new loan amount in 48 months.

This means a savings of 50% over the initial amount. In reality, the calculations are slightly more complex, as your debt will also grow due to interest at the same time, but this is a good simple illustration of the principles behind debt settlement.

Useful Information

Contact Information

Freedom Debt Relief can be reached by phone or email, and you can also see all of the information about your account on their website. There is no mobile app as of this time, but the website dashboard works well with most smartphones.

How to sign up

If you want to know how to sign up for an account, follow the instructions in this section of our Freedom Debt Relief review:

  • Go to
  • Click on “Find debt relief options.”
  • Enter the amount of your debt.
  • Choose your payment status.
  • Select the state you live in.
  • Enter your first name, last name, phone number, and email address.
  • Click on the “Click to see your results” button.

Bottom Line

Negotiated debt settlement may not be for everyone, but it is certainly a good choice if you find yourself in significant debt and want to reduce the amount you have to pay on it. Freedom Debt Relief can deliver a significant reduction in your debt, though it can also be a fairly risky option if it takes too long or fails to get a favorable settlement for you. Do you agree with our Freedom Debt Relief review? Add your experiences with the company below!

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.