Freedom Debt Relief, a subsidiary of Freedom Financial Network, has resolved over $4 billion in debt since their founding in 2002. The company holds considerable industry experience and customer satisfaction. With all the major industry accreditations, Freedom Debt Relief is a great option for many consumers. They offer multiple debt services and are available in 38 states. However, they may have potentially higher prices than other companies in the industry.
- Excellent Services
- Experience and Accreditations
- Great Reviews
- Online Dashboard
Freedom Debt Relief has several great advantages including:
- Minimum $7,500 in debt to begin settlement
- Average cost is 21.5 percent of total debt
- One representative to work with
Freedom Debt Relief offers a free consultation when a consumer decides to enlist the company's services. One debt consultant will remain with the client throughout the settlement process. If consumers are not satisfied with FDR, the company offers a money-back guarantee.
Experience and Accreditations
Freedom Debt Relief (FDR) has over 14 years of experience in the debt settlement industry. With their level of experience, they know that one of the most important things they can offer consumers is industry accreditations. In fact, according to multiple surveys we conducted, people value national accreditations in their debt company above all other features. FDR is accredited with the AFCC and the IAPDA.
Most clients who leave Freedom Debt Relief reviews have had a good experience. They commend FDR for having good customer service, explaining the settlement process, and keeping them updated on where they are at in the settlement process.
One of the features that sets FDR apart from the rest is a unique and intuitive online dashboard to track clients' pace through the program. This helps people to actually see their progress in settling their debts.
- Potentially High Prices (Up to 25 Percent of Enrolled Debt)
- Limited Availabilty
Potentially High Prices (Up to 25 Percent of Enrolled Debt)
The major problem we see with Freedom Debt Relief is their price. Users are charged an average of 20 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 than this to use FDR.
Freedom Debt Relief offers services in only 38 states. Additionally, the company requires a minimum debt amount of typically $7,500.
While most of the reviews we see for FDR are positive, there are still several people who have complaints about Freedom Debt Relief. The three main complaints clients seem to have include the following:
- It takes too long to settle debts
- FDR charges too much for their services, sometimes costing consumers 25 percent of their total enrolled debt
- People have trouble navigating and logging into FDR's website