There are a variety of financial counseling services available that can help people who are in debt over their head manage their finances and pay off what they owe. These services generally help people create budgets and repayment plans as well as working with creditors to reduce what people owe or make it easier for them to pay off their debts.
If you are considering taking advantage of their services, the following is a Freedom Debt Relief review to help you decide if they are right for you.
What Freedom Debt Relief Offers
Like most other debt relief services, Freedom Debt Relief focuses on helping you get out of debt faster than you could by just making minimum payments to a creditor. They offer free debt evaluations over the phone to first determine if their services can help you.
If it ends up that they can help, you’ll begin putting money into a dedicated account that you control, and payments to creditors are made from this account. Based on the amount of money that you’re able to put into the account, debt consultants will create a repayment plan and work with your creditors to figure out the fastest and least expensive way to help you get out of debt.
Freedom Debt Relief Review
While you are required to set up an account to fund paying off your debts, you have complete control over it. Additionally, like most other agencies, Freedom Debt Relief does charge fees, but they’re not owed until you and a creditor have agreed to a payment plan and resolution.
Another major benefit is that the service handles working with creditors for you, and they also arrange payments so that you’re paying off debt as quickly as possible and with the least amount of money out of pocket. If it appears that you may be able to arrange a better deal after making payments or eliminating other debts, thus giving you more money to work with, they’ll automatically start negotiating a better deal for you.
The service also tends to be very upfront about what they can and cannot help you with, and they don’t appear to make any over the top promises.
Freedom Debt Relief Review only helps you work with unsecured debt, such as credit card debt or medical bills. If you are struggling to pay secured debts, like home or car loans, they will be unable to assist you with these obligations. If you’re dealing with a variety of types of debt, you may want to consider another agency.
It’s also important to note that if you have a pending legal action brought against you by a creditor that has not been paid, it is unlikely that Freedom Debt Relief will be able to work with the lender in question. Additionally, they will not be able to derail any legal actions. This is something that is true of most of these agencies, but you should be aware of this before you start working with them.
Both the Consumer Affairs website and the Better Business Bureau in San Diego rate Freedom Debt Relief highly based on user reviews. In the cases where people have been unhappy, Freedom Debt Relief has reached out to those individuals, so customer service does appear to be a priority for the organization. So long as you are interested in eliminating unsecured debt and you understand what the agency can and cannot do, you are likely to have a good experience with this service.