Question: Is Freedom Debt Relief A Good Company?

Freedom Debt Relief is one of the most reputable debt settlement companies in the U.S.

If you have a large amount of outstanding debt, its debt settlement program may help you negotiate with creditors to lower your outstanding unsecured debt balances.

Is Freedom Debt Relief a good option?

BOTTOM LINE. Freedom Debt Relief is a good match for those with $15,000 or more in debt. Although fees can be up to 25% of the settlement amount, it’s usually a good move to eliminate debt through debt settlement.

How does freedom debt relief affect your credit?

In general, a program of debt settlement will cause your credit score to drop by about half as many points as a bankruptcy. Since the post-settlement drop is typically less, it’s measurably easier to begin rebuilding your credit after debt settlement than after bankruptcy.

How long does freedom debt relief affect your credit?

Depending on the condition of your credit report at the time of enrollment, any debt settlement or debt negotiation program, including ours, could negatively affect your credit. Negative information could remain on your credit report for up to seven years.

Which is the best debt relief company?

The Best Debt Settlement Companies of 2020

  • Accredited Debt Relief: Best Lender for All Types of Unsecured Debt.
  • DMB Financial: Best Lender for High Interest Credit Card Debt.
  • National Debt Relief: Best Lender for Settlement of Some Secured Debts.
  • Pacific Debt Inc.: Best Lender for Personal Account Managers.

Is Debt Settlement Really Worth It?

Debt settlement is a practice that allows you to pay a lump sum that’s typically less than the amount you owe to resolve, or “settle,” your debt. Paying off a debt for less than you owe may sound great at first, but debt settlement can be risky, potentially impacting your credit scores or even costing you more money.

How long does debt settlement stay on your credit report?

seven years