Freedom Debt Relief, a subsidiary of Freedom Financial Network, has resolved billions in debt since its founding in 2002.

The company has considerable industry experience and high client satisfaction ratings.

With all the major industry accreditations, Freedom Debt Relief is a great option for many consumers. Its minimum debt requirement is $7,500. Freedom Debt Relief accepts clients dealing with financial hardship that meet this threshold and clients that can make regular payments to an account to pay for settlements. Freedom Debt Relief employs professional debt experts to negotiate and settle debt for those suffering financial hardship.

The company offers a debt settlement program that involves negotiating with creditors to lower total debt owed and is available in 39 states.

On average, Freedom Debt Relief charges 22 percent of your total enrolled debt, which means the cost varies depending on your financial situation. To settle a $20,000 debt, it will cost around $4,000.

View Freedom Debt Relief reviews below.

The Good

  • Excellent Settlement Program and Debt Relief Services
  • Experience and Accreditations
  • Great Freedom Debt Relief Reviews
  • Online Dashboard
  • No Fees Charged Until After Debt is Settled

Excellent Settlement Program and Debt Relief Services

Freedom Debt Relief has several great advantages to its debt settlement services including:

  • Low minimum of $7,500 in debt to begin debt settlement
  • Costs between 15 and 25 percent of the total unsecured debt
  • Free consultation with a Certified Debt Consultant

Freedom Debt Relief offers a free consultation with a highly trained, IAPDA-certified debt consultant when a consumer decides to enlist the company's debt settlement services.

Experience and Accreditations

As an accredited debt relief company, Freedom Debt Relief (FDR) has over 17 years of experience in the debt settlement industry. It has settled over two million accounts since its founding and regularly settles over 50,000 accounts monthly.

Freedom Debt Relief has years of experience standing between the creditor and the client. Freedom will work to obtain settlements that resolve credit card debt (or any type of unsecured debt).

FDR will walk clients through the debt settlement process: first, customers will voluntarily choose to stop making monthly payments to lenders. Instead, clients will elect to make a monthly deposit into a separate special purpose account to save money to pay for the settlements once negotiated. Freedom Debt Relief will then work to negotiate a settlement on behalf of its clients.

Unfortunately, this settlement process will affect your credit score. If you miss any minimum payments on your credit card or other debt, this will decrease your credit score. It's smart to have a plan for boosting your credit score before you start the debt settlement process.

If you choose a debt settlement plan to resolve your debts, the debts you settle are marked as "settled" on your credit report.

While there are some risks to debt settlement, this process allows you to settle debts, avoid bankruptcy, and become debt-free.

Great Freedom Debt Relief Reviews

Most Freedom Debt reviews on Best Company are positive. They commend FDR for having good customer service, explaining debt management, and keeping them updated on where they are at in the debt settlement program.

Clients drowning in high amounts of unsecured debt (credit card debt, personal loans, medical debt, student loan debt) usually find that the company can save a large percentage of what they owe.

Despite the debt settlement program's tendency to negatively affect credit scores, clients with mountains of credit card debt find it extremely helpful for debt reduction. It's also important for people to know that forgiven debt is considered taxable income, so you may owe more in taxes when using debt settlement services.

Online Dashboard

One feature that sets FDR apart from the rest is a unique and intuitive online dashboard to track clients' pace throughout the program. This helps people to actually see their progress while settling their debts. It also offers education to help clients improve their financial knowledge.

Not many debt settlement companies in the industry offer such helpful tools.

No Fees Charged Until After Debt is Settled

As opposed to a debt consolidation company which consolidates all of a customer's debt into one consolidation loan and one monthly payment, debtors approach Freedom Debt Relief as a last resort in order to escape high amounts of debt and avoid declaring bankruptcy.

Freedom Debt Relief doesn't charge any fees until after debt is settled with creditors. This practic is standard for the industry. Debt Relief companies, like National Debt Relief and Pacific Debt, also do not have upfront fees.

Upon enrollment, customers will open an FDIC-insured bank account that the client controls. Clients will put all of their money that would have gone toward paying their debt into this bank account instead. This is the main reason why this program hurts your credit score more than debt consolidation.

Next, FDR or its representatives or agents will negotiate with your creditors to settle on debt to pay.

Freedom Debt Relief makes money by charging fees on the enrolled debt amount. Its average fees are a bit high (around 22 percent fees on enrolled debt), but its services are thorough.

The company's ability to help clients find an easier road to financial freedom and paying off debt is highly valuable.

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The Bad

  • Freedom Debt Relief Cost
  • Limited Availability
  • Complaints
  • Consumer Financial Protection Bureau Lawsuit

Freedom Debt Relief Cost

One concern with Freedom Debt Relief is their price. On average, Freedom Debt Relief charges $4,000 to settle $20,000 in debt (22 percent of total debt). If Freedom Debt Relief cuts your debt in half, you would end up paying $14,000 instead of $20,000.

Users are charged an average of 22 percent of their total debt to use FDR. While this number is in line with their competitors, it is only an average. Customers could end up paying more or less than this to use FDR. FDR’s prices range between 15 and 25 percent. The rates vary depending on the state the client lives in.

Current national debt relief trends indicate that debt settlement companies tend to charge a percentage of enrolled debt as opposed to saved debt. This means that the more total debt you have, the more debt settlement companies will charge you.

Although working with a debt settlement company still saves you from paying thousands of dollars to creditors, it's better to work with companies that charge a percentage of saved debt rather than enrolled debt.

So exactly how much will Freedom Debt Relief cost you? It will cost you around 22 percent of your total enrolled debt, but customers will have to have a consultation to get an accurate estimate. The fee is competitive for the industry. The fee is assessed when a successful settlement is reached.

However, Freedom Debt Relief’s services are high quality and make it easier to make your way to being debt-free.

Limited Availability

Freedom Debt Relief offers debt settlement programs in only 39 states. If Freedom Debt Relief does not offer services in your state, you'll have to consider other debt settlement companies.

Most debt settlement companies have a minimum debt requirement to ensure a payout. A debt settlement company that charges by saved debt will not run into this problem as much.

Freedom Debt Relief requires a minimum debt amount of $7,500 (the amount of which is charged fees between 15 and 25 percent). While this threshold is low compared to other debt settlement companies, it does rule out people struggling with lower debt amounts.

An additional limitation with Freedom Debt Relief is that the company only works with debtors with unsecured debt. Freedom Debt Relief is not an option for those struggling with secured debt.


While most of the Freedom Debt Relief reviews are positive, there are still several people who have complaints about Freedom Debt Relief. The two main complaints clients seem to have are the following:

  • Debt settlement takes too long or isn't as effective as people hoped
  • FDR charges too much for their services, sometimes costing consumers up to 25 percent of their total enrolled debt

These complaints are fairly common within the debt settlement industry. It’s important for clients to be fully informed about what debt settlement is and how it works. Potential clients should use the free consultation to learn more about the time it takes to reach a settlement and specific price information.

Consumer Financial Protection Bureau Lawsuit

In 2019, the Consumer Financial Protection Bureau and Freedom Debt Relief reached an agreement that FDR would:

  • Make it clear that in some cases FDR may not be able to negotiate a debt if the creditor is unwilling to negotiate
  • Let consumers know that, in some cases, the creditor will only negotiate if the client is also directly involved in the negotiations, and that the consumer has the right to refuse to participate in the negotiations and can remove the debt from their program without penalty
  • Make it clearer to consumers under what circumstances they will be charged a fee
  • Stop charging fees on all accounts where the settlement amount was not reduced, or where the creditor wrote off the debt on their own
  • Make it clearer to consumers that, if they end their program early, any money left in their program savings account belongs to them, minus any funds earned by the company according to legal statues
  • Pay restitution money to injured consumers
  • Pay a civil penalty

It's a good idea for potential clients to do some research on the process, consumers' rights, and industry standards for settlement companies before setting up a free consultation with a debt settlement service. It's also recommended to read recent customer reviews to get a better sense of Freedom Debt Relief's commitment to clients and how good its settlement services are.

The Bottom Line

Freedom Debt Relief offers several outstanding features for anyone looking to settle their debts: all major industry accreditations, ample debt settlement experience, thoughtful and experienced debt consultants, negotiation with each creditor, and more. The company's 15 to 25 percent fees are pretty standard in comparison to other debt settlement companies (like National Debt Relief).

While people interested in other debt resolution methods, like credit counseling, a debt management plan or debt consolidation loan, will need to consider other companies, Freedom Debt Relief is a good option for those seeking a debt settlement program.

FDR's debt negotiation experience is worth the money. Freedom Debt Relief customer reviews relate that the company has saved them thousands of dollars by negotiating with their creditors. If you're looking to settle your debt through debt negotiation, we highly recommend using Freedom Debt Relief if you receive a reasonable quote from them during your free consultation. 

We'll Introduce You!

Call our recommended rep over at Freedom Debt Relief below.

1-(855) 491-1073

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Freedom Debt Relief Frequently Asked Questions

What is Freedom Debt Relief?

Freedom Debt Relief is a debt settlement company. We offer a debt settlement program that helps you get out of debt faster and for less. With over 15 years of experience working to reduce our clients’ debt, we have resolved over $10 billion in debt since 2002.

How does the Freedom Debt Relief program work?

After signing up for Freedom Debt Relief, you make monthly deposits into an FDIC-insured bank account that you own and control. Once enough money has built up into this account, negotiations occur towards resolving each of your debts one by one. Once a settlement offer is obtained, we present the offer for you to sign off on. If you agree to the terms, the funds in your FDIC-insured account are used to pay the creditor. This is also when we collect our fee. Once the creditor has been paid according to the settlement agreement, the remainder of the debt is written off. We repeat this process with all of your debts until you no longer owe anything on your enrolled debts.

How does Freedom Debt Relief affect your credit?

Freedom Debt Relief could negatively impact your credit as your creditors are not being paid every month. As such, they will report your missed payments to the credit bureaus, which negatively impacts your score. If you are already behind on payments, however, your credit is already negatively affected, so you should take that into consideration.

How much does Freedom Debt Relief cost?

Our fee ranges from 15%-25% of the debt, depending on the state you live in, how much you owe, and other factors. Under no circumstances, however, will you pay us our fee in advance of a settlement on a debt.

What kind of debt does Freedom Debt Relief work with?

Debt from credit cards, medical bills, department store cards, and many other types of unsecured debt could qualify for Freedom Debt Relief. However, secured debt that involves collateral, including auto loans, mortgages, and federal student loans, do not qualify.

What happens if a creditor tries to sue me during settlement?

Since you’ve stopped making payments to your creditors, there’s a chance that they may sue you in an attempt to collect what you owe them. Freedom Debt Relief makes available to its clients an optional subscription to a legal network of lawyers, which could help in these instances where you get sued.

Is forgiven debt taxable?

According to the IRS, a forgiven debt is considered taxable income. At the end of the year, they will expect taxes to be paid on any settled debt. However, IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, may exempt you from this tax. To learn how forgiven debt could affect your taxes, talk to a tax professional.

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User Reviews

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12,597 Reviews

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Marilyn Bringhurst

October 19th, 2017 Aylett, VA



Curtis Morrison

October 18th, 2017 Sedona, AZ

We have been working with Freedom Debt Relief a short time but they have been there for us answerig our questions & telling us what to expect very happy with them helping us with our debts thank you for everyone we’ve come in contact with


Ken J

October 11th, 2017

So far so good. The company itself is doing what they advertise and I am happy with the service. They use an outside sales force that could represent them better though.


Huidai Kim

October 10th, 2017

I have been enrolled nine month and nothing happened. My credit score has been drop to 540. I don’t recommend this program.


Akash kumar

October 6th, 2017

I have lost my job and I don't have that much money so I can pay off my credit then I talk to freedom debt relief company they are help me out best way..and I appreciate for they help me best ..

Freedom Debt Relief Logo

Reply from Freedom Debt Relief

Jan 21, 2019

We greatly appreciate your review, Akash. We love assisting you with your debt and we are confident you will become debt free soon. Keep up the excellent work! Please reach out to our Client Services department at 1 (800) 655-6303 or you can log into your Client Dashboard at if you have any questions or comments regarding your account. Thank you for choosing Freedom Debt Relief!


Judith Murray

October 5th, 2017 Roscommon, MI

I am very new to this. I called customer service Monday morning to ask a couple questions after I received my official welcome package. The customer service rep was extremely helpful and made me feel at ease. The person I talked to when I initially signed up was also very informed and efficient. I'm looking forward to this business arrangement.



October 4th, 2017 Kennesaw, GA

Everyone has been so kind, knowledgeable, helpful and on the spot for all questions and answers. they get the info and job done quickly as possible. Keeping you informed as to all things happening.


Salvatore Tartaglia

October 3rd, 2017

Very helpful and precise


T Carter

October 1st, 2017

People were respectful, considerate and answered all of our questions. They explained the entire process and made sure we understood every step of the pr0cess. I would recommend them to anyone.


Dorothy Falk

September 28th, 2017 Austin, TX

All the people I have talked to at FDR have been very friendly and most helpful! Great company! Can hardly wait for my bills to be paid off!!


Veronica G

September 27th, 2017

They have provide excellent customer service since day one! Very informational, eager to help and extremely considerate of my situation.



September 24th, 2017 Hopewell Junction, NY

Very friendly and helpful staff. Positive experience.


Christy Boudreaux

September 23rd, 2017 Mandeville, LA

Finally a company that follows through on what they claim they do. I have dealt with other companies of this nature, and they did not follow through. Freedom Debt Relief has done an excellent job in a few short months.


J Corral

September 12th, 2017

Very good and well explained


George Pelonis

September 7th, 2017 Las Vegas, NV

I had a Credit Score of over 750. Since becoming a Freedom Debt Relief customer my Credit Score has dropped to 554. This is not acceptable to me. Taking way to much time dealing with my creditors. NOT satisfied. George Pelonis


Shawmarie Jeffery

August 30th, 2017 Shreveport, LA

So far, we have been quite pleased with the results of signing on with Freedom Deb Relief. They have successfully negotiated a payoff for one of our two accounts. The ONLY downfall I see, is that the length of time in the program changes . . . often . . . with no explanation. So please be mindful of that. Ours has gone from 2018 to 2023 and we have paid off one account - so not sure how this is working.


Darlene Lang

August 28th, 2017 Rochester, NY




August 27th, 2017 Midland, MI

I started in may with the program. I worked so hard before to get my credit card score up I. Three months in the program and it's dropped 125 points. I have an issue with one bill collector and I called client services and was told to keep at it with the program! I am! But it is stressful!! Going to keep on it because I can see the savings on each agreement with creditors.


Tommie Roberts

August 25th, 2017

They will work very hard for you.



August 23rd, 2017 Lawton, OK

Everyone was so courteous and helpful.


Ted Blodgett

August 22nd, 2017

Everything so far has been very well done. Personal and friendly interactions matched with business-like professionalism.



August 21st, 2017

Caesar was extremely friendly, helpful and knowledgeable. He made sure we understood everything and was kind in doing so. He didn't make us feel bad about ourselves and was very understanding. We are very thankful we worked with him!


Linda H. Sankey

August 19th, 2017 New Castle, PA

I have been with FDR for a short time. I have to say Jeremiah Johnson is a very compassion knowledgeable gentleman. He explained the program in great detail. I was nervous and anxious but he put my mind at ease. All the people I have talked to have been very friendly and helpful.


Merima meggi

August 18th, 2017 Bronx, NY

Great costumer service, response prompt, everything explained clearly to me


Les Bishop

August 17th, 2017 Irving, TX

Daniel was excellent as a company representative. Explained things clearly & patiently. Helped us through the process.


Michael Barrett

August 12th, 2017 Grand Forks, ND

We just started the process but so far everything has really made us relieved. We feel the customer service has been wonderful and we have received the materials promised.


Donald Elliott

August 10th, 2017

I was behind on Credit Cards, and I just needed a way out. The representatives were friendly, nice, and helpful. This was definitely better than bankruptcy

Freedom Debt Relief Logo

Reply from Freedom Debt Relief

Jan 21, 2019

Thank you, Donald, for your awesome feedback! We are happy to assist you in getting debt free and avoiding having to file bankruptcy. Please reach out to our client services department at (800) 655-6303 or if you have any questions or comments regarding your account. Thank you for choosing Freedom Debt Relief!


James E glover Jr

August 10th, 2017

Every one at freedom debt relief have been great to work with and they have answered all my questions.


Sherry young

August 9th, 2017

Easy and polite


Ramona Doria

August 4th, 2017 Twin Falls, ID

I spoke to Frank A on getting help on getting all my credit card consolidated. I was very please on all the help and the time that he took to explain to me the way the program work.



August 3rd, 2017 Saint Cloud, MN



Mary Gardner

August 2nd, 2017 Wildwood, FL

I feel very good about my choice to go with Freedom to resolve my debts. They have been great. I am so relieved to know that my debts can be paid in four years.


Gilbert Garcia

July 30th, 2017 Pomona, CA

I called to get help because I was just making minimum payments on my cards and not getting anywhere. Freedom Debt Relief explained how they could help me.


Nerita Johnson

July 27th, 2017 Charlotte, NC

Applied for Debt help, they were very professional & got right on it & help me set things up. Truly great people to talk to.


Reynold Williams

July 26th, 2017

Lindsey is very helpful and explains everything


Michael Moses

July 25th, 2017 Gastonia, NC

Gave great info on reducing debt.


nh h

July 23rd, 2017 Iowa Falls, IA

there needs to be more follow up to ensure all of the required documentation has been submitted by the customer and it's taking to long for the notices to be sent to the creditors. this would help alleviate the phone calls and abuse if they were notified in a timely manner.



July 22nd, 2017 Lakewood, NY

When I called the people where very knowledgeable and helpful. They did not judge me based on my situation. They just wanted to help me dig out of the hole I put myself in. I would highly recommend them to anyone in credit trouble.


Mary Jo

July 21st, 2017 Buffalo, NY

Nam was very helpful and thorough throughout the process. Whenever I had a question I called and left him a message and he always called me right back.



July 20th, 2017 Madison, WI

every one did what they were supposed to and it all went well:)))


Dave and Lisa Derouen

July 19th, 2017

I felt like family when I called i was so overwhelmed with my financial situation it felt like I couldn't breath, the gave me back my peace, I felt like I could breath again, I just want to thank them all



July 18th, 2017 Columbia, MD

Customer Service very helpful


Richard M. Poley

July 16th, 2017 Potomac, MD

FDR has not yet discussed my situation with my creditors so I can't comment that very import issue. However... and notwithstanding I am very tardy in answering this questionnaire... my complaint with FDR so far is that FDR does NOT acknowledge my email submissions or my email questions. I do ask in my email for a response but nada, nope, nothing, nit, baste, zilch!!! How come??? Richard Poley



July 15th, 2017

I am pleased with Ryan and how informative he was he explained everything and how the program works. I was a little scared and hesitant to take a step like this but I know its for the best. I'm waiting for my welcome packet and to see how it goes I appreciate his patience and understanding with me because I ask a lot of questions but this is scary to do but sometimes you have to do what's best for you to secure your future we will see how it goes.


Daniel Simons

July 13th, 2017 Glasgow, KY

Megan did a great job getting me all set up in the program. Thanks Megan


Elizabeth Pratt-McRae

July 12th, 2017

Pushy representative. Felt like she had better clients to work with than me.



July 11th, 2017

Gordon was lots friendly than some other companies I contacted.


Victor Perez

July 8th, 2017

Very will knowledgeable people! Mr H explained everything to and made it easy for me to pick Freedom Debt Relief!


Dina Ritz

July 7th, 2017 Rosemead, CA

Its a little early to review everything because I just got started and this is a rough decision for anyone to make. So far I have had great people to work with but we will see how the program progresses later.


Pearl Jones

July 6th, 2017 Brooklyn, NY

Every one thatI I spoke with was very very belpful and professional. I say thank you all, for all help.