1. Freedom Debt Relief
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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 40 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 40 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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13,140 Reviews

Review Breakdown

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Dania Del Castillo

January 31st, 2015 Hialeah, FL

Freedom Financial has provide a sense of security during a difficult financial crisis. The associates at Freedom Financial have been professional and compassionate in guiding me through the process. I would defiantly recommend Freedom Financial to any one in credit card debt.


Luis Rodriguez

January 30th, 2015 Los Angeles, CA

Great experience, Great staff. Always ready to help me with any questions I may have. Banks can be annoying and harassing for a time, but I got great counseling and was provided with the right tools to deal with their displays. It's a great feeling to know I'm in the right track to find my financial freedom. Thank you Freedom Debt Relief, to help me in my quest to find my Financial Debt Success.


Denise Naylor

January 29th, 2015 Feasterville Trevose, PA

OMG, how do I even start to thank Freedom Debt Relief for setting me free from sleepless nights, a horrible pit and sickness in my stomach, lots of gray hair, endless days and nights of crying, and getting nowhere with making just the minimum payments every month. When Freedom Debt Relief found me, and I made that call to them, a big credit weight was lifted off my shoulders. There"s a small light I see at the end of the tunnel, and soon that light will become brighter and brighter! Freedom Debt Relief is my life saver, in the sea of credit card bills, thank you for your outstanding help, I could never thank you enough. Denise Naylor



January 28th, 2015 Grandville, MI

Have been very satisfied with them ,took care of one of my debts within first couple of months! They continuously keep in touch with me monthly if I have any questions and always are very helpful!


Troy Stoker

January 24th, 2015 Oklahoma City, OK

I'm new to this debt relief program and so far I have not been dissatisfied with the communication with me but the communication with the credit card companies has been very slow and even though I provided the information to the companies I still receive numerous calls. One would think that the calls would stop once companies have been informed the account is currently being handled by a debt resolution company.



January 22nd, 2015 New Orleans, LA

Freedom Debt Relief has lifted a heavy weight off my shoulders. Sign up ans customer communications is excellent. I'm not done with the program yet which is why I rated an 8


Beth Pilato

January 21st, 2015 Phoenix, AZ

The program really works and takes off much faster than we had anticipated. So far we are thrilled to have Freedom Debt Relief representing us to negotiate our Debt. Keep up the good work!!


Luis r Garcia

January 19th, 2015 Los Angeles, CA

Amazing company to be a client of. They handle matters very professional and in a timely manner. Always making sure you the customer are taken care of. I would highly recommend this company to anyone trying to consolidate their debt and live a better life debt free


Danny Long

January 17th, 2015 Webb City, MO

I am very pleased to this point in the process.



January 16th, 2015 Springfield, MO

Thank you so much freedom for helping me get out of debt.



January 15th, 2015 Santa Maria, CA

Still in the debt resolution process. It was a bit scary the first three months, but once my creditors started working with freedom debt relief everything has settle down. Freedom debt relief handles all the settlements with the creditors. Haven't received calls from creditors for a while. Just statements that my debts are being paid down.



January 14th, 2015 Franklin, LA

I was nervous upon entering your program, but you made me feel relax and assured me everything be ok



January 13th, 2015 Grand Canyon, AZ

Wonderful! Thank you all so much for your help!


russ walker

January 10th, 2015 Idaho Falls, ID

service has been great, but the communication needs work , what i mean is that when i have to talk to certain people i have not got a phone call back.



January 9th, 2015 Gainesville, FL

It is taking a little longer than I thought it would take to get creditors to accept settlements. It appears that only one creditor has responded and I am still getting phone calls and threatening letters from the other creditors.


Susan Gardiner

January 8th, 2015 Gonzales, LA



Margaret Tafoya

January 7th, 2015 Albuquerque, NM

From the beginning of my experience with Freedom Debt Relief, I have had nothing but great results. First, all personnel were exceptionally helpful and kept in touch with me the whole way. Their program is extremely professional with the best results and well suited for the help I needed. It is with gratitude and appreciation that I most highly recommend this service to all who need it. Hooray and kudos for FDR!! Margaret Tafoya


Paula Comfort

December 24th, 2014 Mountain View, CA

I am very disappointed. They never closed out a small bill, and went right for the largest debt we owed. Then proceeded to take their 20%. So now no money to work on other bills. I was told they would settle the smaller ones first. Feeling very deceived.


David Hernandez

December 22nd, 2014 Floral Park, NY

Excellent service and progress so far... Been in the program for almost 4 months and settled 3 debts already! Glad we are letting Freedom Debt reliefl help!



December 18th, 2014 Lenox, MA

The people at Freedon Debt are so helpful and friendly, I would and have already recommended them to friends


Linda Cody

December 12th, 2014 Cincinnati, OH

The people at Freedom Debt are so helpful and friendly, I would and have already recommended them to friends.


Heather Gaebel

December 11th, 2014 Loveland, OH

I am so happy with Freedom Debt Relief's progress in eliminating my debt. So far I have 1 down but it still feel good. Thank you !


Linda Cody

December 10th, 2014 Xenia, OH

The staff have been so helpful and nice. It was great experience dealing with everyone.


kim stein

December 9th, 2014

My husband went thru freedom and they settled his debt for one amount and now he owes them over double what he owed his creditors. I would not recommend anyone use this company! !!



December 6th, 2014 Peckville, PA

Horrible ! Kills your credit ! Takes your $$$. You can negotiate on your own! They lied to me from day 1 and when I withdrew from program they kept my bank escrow after telling me I was getting the refund within 3-5 days! I have been where you all are - it's scary ! But you can do this on your own ! Call the credit card companies yourselves !!


Lynette Swanson

December 5th, 2014 Grand Junction, CO

I am very pleased with what has happened so far. The results have been great and the people that I deal with are very patient and understanding.


Landera Townsend

December 4th, 2014 Washington, DC

i am very grateful for all that you have done for me so far. It is a blessing, so to anyone out there who is having financial difficulty. Contact FDR


Patricia Meyer

December 2nd, 2014 Danvers, MA

Very pleased so far, extremely professional and caring company. My stress level has gone way down and I don't feel so helpless and alone in my battle with debt! I have a ways to go but grateful Freedom Debt is on my side!


Tracy Kenney

November 28th, 2014 Cape Coral, FL

So far so good! Can't wait to be debt free. TK


ron minuard

November 25th, 2014 TX

Very very pleased with freedom for helping get me with my debt problems



November 20th, 2014 Flagler Beach, FL




November 18th, 2014 Jasper, IN

S far so good....1 account settled ad 2 more very close.....thanks for the help. FDR has been very professional as they help me!!!!:)


Shari Ahrendt

November 16th, 2014 Nokomis, FL

It is a relief to have you working for me...thanks


Shari bailey

November 15th, 2014 Monticello, NY

In less than 4 months 2 accounts in negotiations only 2 more. Very professional and friendly staff



November 14th, 2014 Nyack, NY

I am really happy as of now. They have settled one of my accounts. Also I am looking forward to another excellent settlements to my another accounts. Very professional with dealing with them


Hugh kavney

November 13th, 2014 FL

Freaking awesome



November 12th, 2014 Dallas, TX

Going well now. Only been in program for 8 months.



November 11th, 2014 Fair Oaks, CA

Mostly pleased with the company but still getting calls and emails from a few creditors. Will be glad when that stops!



November 10th, 2014 Saint Louis, MO

I felt very comfortable when beginning this process because they were very professional and informative. I have a lot of debt, and I am finally paying things off. I would recommend Freedom Debt Relief to anyone who is falling behind and afraid to talk to their debtors. They tell you exactly how to handle things and take over for you. It is such a relief!



November 7th, 2014 Indianapolis, IN

Very easy to work with so far. Been in the program for 4 months and have two debts completely settled and one on a plan to be paid off