freedom-2

Total Score

1

User Score

1.0 rating

Woman makes payment with credit card

Settlement

Settlements are commonly negotiated by third-party agencies who help to discuss your dues with a creditor. In a settlement, it is usually discussed and agreed upon that the borrower pays the creditor a lump sum amount. This amount is usually less than what the borrower originally owes.

Pros

  • Helps you quickly fix your financial problems
  • Might be more costly in comparison to paying the actual amount that you owe

Cons

  • An immediate but a makeshift solution to your debt issues
  • Some lenders might not accept your settlement offer

Consolidation

To consolidate debt is to collectively combine all of your accounts and form them into one enormous, single debt. In debt consolidation, borrowers usually take out a big loan with a more affordable payment option or more moderate interest rates and use it to pay off several other creditors.

  • PROS:

  • Does not require collateral

  • More attainable payment options

  • Instantaneous and straightforward process

  • CONS:

  • May potentially decrease your credit score rating

  • Will accumulate a larger interest rate of up to 15-20%

  • More extended payment terms

Businesswoman Calculating Bill
Couple With Documents Calculating Finance At Home

Personal Loans

A personal loan is a process of borrowing money from banks, credit unions, online lenders, friends, or relatives with a set interest rate and payment plan. Personal loans can be categorized into a Secured or Unsecured Loan. Secured Loans are loans that require collateral or down payment while Unsecured Loans do not require any of it.

While applying for a personal loan can be a viable option, it is also crucial to consider the proposed interest rates and repayment plans being offered to you.

  • PROS:

  • A quicker method for clearing debts

  • Viable for a short-term solution

  • CONS:

  • Lengthy approval time

  • May have higher interest rates

Freedom Debt Relief

freedom-2

Ideal Customer: Over $15,000 in debt

Total Score

1

User Score

1.0 rating

Total Score

1

User Score

1.0 rating

Price - % of Debt
-
-
Accreditations
-
-
Free Consultation
-
-
Min. Debt Accepted
-
-
Money-Back Guarantee
-
-
Number of Reviews
3
3

WARNING:

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

Contact Information

Website: freedomdebtrelief.com
Email: Contact Form
Address: 1875 South Grant Street #400, San Mateo, CA 94402
Certified Debt Consultants: Mon–Fri 8 AM to 11 PM ET | Sat–Sun 9 AM to 9 PM ET

WARNING

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

1
1.0 rating
1 out of 5 stars (based on 3 reviews)
Excellent0%
Very good0%
Average0%
Poor0%
Terrible100%

freedom-2

Freedom Debt Relief

WARNING: A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

WARNING:

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

For the first time in my life the IRS decides to audit me.

1.0 rating
June 10, 2019

For the first time in my life the IRS decides to audit me. Do to some unfortunate circumstances I was lacking what I believed was going to be sufficient evidence for the year in question.

Javon S

IRS after you for Money$$$.

1.0 rating
April 20, 2019

IRS after you for Money$$$. Freedom Debt Relief wants YOUR MONEY before the IRS!!!!
Of course, even if you are willing to pay the absurd consultation fee you still need to schedule the consultation, which can be difficult since they do not return emails or phone messages…

Bobby D

False advertising. Ads say free consultation.

1.0 rating
April 1, 2019

False advertising. Ads say free consultation. I talked with Office help giving all kinds of personal information. Then they wanted a card # to charge us and talk to a lawyer. That was the end of the discussion.

Charlie P

Settlement

VS

Consolidation

VS

Personal Loans

Want Us To Review a Company?

Through expert assessment and reliable resources, we've evaluated the top-notch debt consolidation agencies in the market today.

Get quick and easy access to real-time evaluations from our expert editors and real-life clients so you can find the company that better suits your needs.

Real Reviews (Yes They're Real)

Honest and very upfront assessments of some of the leading debt relief companies in the industry.

Debt Core allows me to compare options and decide which one is a better fit for me.

Their very detailed and comprehensive report allows me to decide which company I should partner with.

They are very thorough in presenting all the facts about one company from another, which gives me the option to compare programs, offers, and services.

It's an online service that helps you decipher the concept of each organization to find a program that is tailored for you.