Freedom DR is America’s largest debt relief company and their goal is to help everyday Americans resolve their debts and step forward into a much healthier financial status.

Freedom DR also provides its customers with tools and guidance to help them succeed. This includes an online client dashboard with 24/7 access and control, the ability to track progress and chat with customer service 7 days a week. This is a widely used financial approach that enables debtors to consolidate various sources of unsecured debt into a single monthly program deposit. The FDR program has assisted many of its customers in reducing the amount they owe, so they could save money and get rid of debt faster compared to making the minimum monthly payment.

Over the course of more than 15 years, Freedom DR has built a solid reputation. This method consists of assisting consumers with establishing a dedicated account that the consumer owns and controls, negotiating with creditors, and developing a custom plan for resolving a consumer’s debt.

To be eligible for Freedom DR, you can enroll as low as $7,500 in unsecured debt; however, the program is recommended for those with $20,000 or more in unsecured debt. Freedom’s settlement fees range between 15-25% of the enrolled debt amount depending on the state they live in. Most of Freedom’s customers see an average program length of 24-48 months.

As previously stated, Freedom DR can only handle unsecured debt, such as credit cards, some private student loans, medical bills and most personal loans.

Freedom DR specializes in reducing and resolving consumers unsecured debts. Speaking with one of their experts is the most effective approach to examining your financial position and choosing the best course of action for dealing with your debt.

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The majority of people who participate in Freedom DR’s programs have unsecured debt that are more than $15,000 and a fair credit rating.

Advantages of Freedom DR

• Graduates of the Freedom DR program overcame their credit card debt and improved their overall financial health.

• Customized to fit your budget and could cost less than making your monthly minimum payments.

• We could help anyone, even those who have been rejected by the majority of other lenders or credit counseling firms are welcome to work with us.

• Provides customers with more control over their present financial situation.

Disadvantages of Freedom DR

• The program can be rather costly

• The program usually hurts your credit score

To be eligible for Freedom DR, it’s recommended you owe a minimum of $20,000 in unsecured debt.
Their fee is 15-25% of the enrolled balance and is collected once you authorize a settlement and the first payment has been made.

FDR cannot handle secured debt, such as mortgages or student loans. It may on the other hand, be used to pay off certain unsecured debt, such as personal loans or credit cards.

The company has been in business for more than two decades and it has developed a favorable reputation among debt collectors, despite of the fact that the field as a whole is fraught with hazards and obstacles to overcome. Freedom DR was sued by the Consumer Financial Protection Bureau on the grounds that it had misled customers and misrepresented its services. The firm has never been accused of violating consumer privacy or security, according to the complaint. After being ordered to pay $25 million in damages by the court, the corporation has agreed to pay that amount.

Contacting Freedom DR’s client services department is simple and may be contacted 7 days a week by phone or email. They also have a blog page, where they provide more resources and information.

Freedom DR has assisted many in resolving their financial problems and is one of the most renowned businesses in their field, but the total procedure should be considered carefully, while making sure you have all the details to make a right decision for you.

DISCLOSURE:

Our estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all clients are able to complete their program for various reasons, including their ability to save sufficient funds. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states, including New Jersey, and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.