Best Freedom Debt Relief Reviews in 2023: A Complete Overview Including Pros and Cons


Are you drowning in debt? Then you might want to use a debt settlement firm like Freedom Debt Relief, which is one of the most well-known debt settlement firms.

Freedom Debt Relief is a certified debt settlement organization situated in Arizona that helps people get out of debt by lowering their payments. Since 2002, the company has assisted over 650,000 customers and resolved more than $10 billion in debt.

Debt settlement might not be the best way to get out of debt, but it is a viable option for individuals who have exhausted all other options and want to avoid bankruptcy.

There are a variety of debt relief programs available to help you get your finances back on track, whether you have credit card debt, medical bills, IRS debt, or other sorts of unsecured debt.

We reviewed the Freedom Debt Relief company to provide you with a better understanding of their services.

Here’s everything you need to know about Freedom Debt Relief if you’re ready to settle your debt for a fraction of what you owe.

About Freedom Debt Relief

The Freedom Debt Relief company, established in Arizona, is one of the most well-known in the country. They specialize in assisting people with debt management and repayment. Since its inception in 2002, the company has added over 650,000 consumers and repaid over $10 billion in debt.

Debt settlement may be a viable approach if you are struggling with debt, but you should assess if it is worth it for your specific case before committing.

Freedom Debt Relief, like other debt consolidation companies, offers a free consultation to help you understand how the procedure can work in your situation. You’ll also get an estimate of how much money you’ll save and how long you’ll be in the program during this conversation.

The firm has been certified by the American Fair Credit Council and the International Association of Professional Debt Arbitrators. The Better Business Bureau has also given the Debt Settlement firm an excellent B+ rating.

Freedom Debt Relief focuses on settling debts for less than what you owe. They provide a free initial consultation to help you determine which debt solutions to pursue and design a personalized debt relief plan.

After a specified period has passed, Freedom Debt Relief uses the cash in your account to negotiate settlements with creditors, generally for much less than the original total enrolled.

The procedure is transparent, and you can keep track of your progress via your client dashboard.

Through 24/7 access and the option to express any queries or concerns with a customer support agent, you gain control and peace of mind.

Does Freedom Debt Relief Offer Loans?

Although Freedom Debt Relief does provide debt consolidation loans, the company’s certified debt consultants recommend that clients try settling their debts first because that is Freedom Debt Relief’s area of expertise.

Why Freedom Debt Relief?

Freedom Debt Relief, the largest debt settlement company in the United States, has helped over 700,000 people pay off more than $10 billion in unsecured debt. Every month, it settles around $200 million in debt. Its procedure is for people who owe at least $15,000 in unsecured debt.

Financial leverage and working with debt settlement companies like FDR — aren’t for everyone, especially those with smaller debt burdens or those who are primarily dealing with collateral-backed obligations like mortgages. Enrollees’ credit scores are almost certain to suffer as a result of the debt relief process, which forces them to stop making payments to creditors.

As a result, prospective registrants should consider less drastic choices first, such as credit counseling, before moving through with debt relief. Furthermore, there is no guarantee that the debt reduction process will be successful.

Nonetheless, for many borrowers with significant debt, FDR could be a life-changing option. The debt settlement company’s debt resolution process is simple to follow, well-managed, and characterized by constant contact.

Does Freedom Debt Relief Have a Negative Impact on Your FICO Score?

When you enroll in a debt settlement program, you will be compelled to stop making payments on any outstanding obligations. As a result, those accounts will be reported as late on your credit reports. Your credit scores will suffer a big knock, which may have an impact on future applications for credit as well as employment opportunities.

Is Freedom Debt Relief Program Legit?

Freedom Debt Relief is a legitimate business that has been vetted and given an excellent rating by the Better Business Bureau (BBB). Although it is a genuine debt settlement organization, depending on the specifics of your case, the company’s advisers may not be able to negotiate a reduction or settlement of your existing debt.

How Does Freedom Debt Relief Work?

The organization walks you through every stage of the process, from debt review to debt settlement and debt elimination. You may keep track of your account and progress on the program using the Freedom Debt Relief dashboard. Freedom also offers informative videos and in-depth articles to assist you to understand more about debt and avoid it in the future.

What is the Interest Rate Freedom Debt Relief Charge?

The fees charged by Freedom Debt Relief are normally between 15% and 25% of the total debt that is being repaid through the program, with the average rate being 21.5%.

In seven simple steps, the freedom debt relief program delivers individualized financial planning for individuals with heavy unsecured debt burdens:

There are:

  • Pre-Enrollment
  • Enrollment
  • Plan Customization
  • Account Setup and Deposit
  • Negotiation
  • Settlement
  • Credit Bureau Reporting

#1. Pre-Enrollment

To establish their appropriateness for the program, the potential client meets with a professional debt adviser who is certified by the International Association of Professional Debt Arbitrators. They must, for example, have experienced a qualifying hardship such as the loss of a job, divorce, or a physical condition.

If the client’s needs aren’t acceptable for the program, the IAPDA-certified debt adviser will recommend them to other debt-relief options, such as credit counseling and a debt management plan, debt consolidation loans, or bankruptcy.

#2. Enrollment

Any unsecured accounts that the client wants FDR to negotiate and settle on their behalf are enrolled. Credit cards and unsecured personal loans with higher interest rates, as well as medical costs, are common account kinds.

#3.  Plan Customization

When compared to a minimum-payment-only strategy, FDR works with the client to create a tailored plan that can result in large savings in less time.

The plan comprises a monthly payment that both parties believe is affordable (technically, a deposit into a client-controlled account).

The time it takes to pay off all enrolled obligations usually takes between 24 and 48 months, however, larger debt burdens often take longer.

#4. Account Setup and Deposit

Freedom Debt Relief creates a customer-controlled, FDIC-insured settlement account that is accessed through a secure client portal.

As part of their debt settlement plan, the customer contributes money into this account every month. These deposits take the place of any payments on enrolled credit accounts that must go past due for effective settlement negotiations to take place.

#5. Negotiation

FDR begins negotiating with each of the client’s creditors once the settlement account balance is sufficient, usually three to six months after enrollment.

FDR builds a personalized bargaining approach for each client based on over 17 years of data and experiences working with nearly 3,000 creditors, with one aim in mind: to produce a favorable outcome for that individual.

#6. Settlement

Even though each negotiation takes place behind the scenes, FDR does not complete any settlement without the affirmative approval of the client.

Settlement fees, according to the company, typically run from 15% to 25%, depending on the client’s home state.

Proposed settlements can reduce original balances by 50% or more in some circumstances; but, smaller reductions are more usual, and FDR cannot promise results.

#7. Credit Bureau Reporting

Settlements may be reported to the major consumer credit reporting bureaus by the client’s creditors. For seven years, reports of paid debts are displayed on the client’s credit record.

Freedom Debt Relief Offer

FDR helps clients pay off unsecured debts such as:

  • Credit card debt
  • Medical bills
  • Department store card debt
  • Unsecured personal loan debt

For private school loans and some commercial obligations, the corporation may be able to help with debt settlement.

Freedom Debt Relief Qualification Requirements

To get started, go to and schedule a free consultation with one of their debt counselors.

They will assess your credit situation, your options, and the amount of money you may save by opting for credit negotiation.

You must have a total debt balance of $7,500 in unsecured personal loans to qualify. According to FreedomDebt, you must enroll on all of your high-balance credit cards ($500 and up) for the program to function.

Freedom Debt Relief Cost

Expect to pay between 18% and 25% of the enrolled debt to the firm. Your accounts will be handled one by one, although you will be making one regular payment to FDR. For example, once FDR has completed negotiations on credit card #1, it will contact you to obtain your approval for the settlement.

You’ll accrue late fees and interest if you default. This means that as discussions progress, the amount of your debt will rise.

When it comes to fees, FDR believes that the amount of your loan would increase during talks and factors into the fees it charges. This means that if you entered the program with $10,000 in debt, FDR will not take 18-25% of that amount. They will calculate how much interest and fees they believe will add to your indebtedness after the negotiation time. That estimate is where their percentage comes from.

Freedom Debt Relief Login

  • Schedule a consultation: If you wish to receive their assistance, you must first create an account with Freedom Debt Relief. You must, however, first book a consultation on their website. To begin, complete an online application form. Also, you’ll be asked to provide personal information such your name, email address, and home address.
  • Review a repayment plan: If you choose to proceed with the debt settlement procedure, the company will assist you in developing a customized debt payback strategy.
  • Stop making payments: You will be asked to stop paying your loan. You’ll instead make recurring payments to a dedicated account that only FDR has access to.
  • Await negotiations: The company will begin the debt negotiation process with your creditors once your account has sufficient funds to present the creditor with a “fair offer.”
  • Approve the settlement: You’ll be asked to approve the settlement amount if FDR reaches an arrangement with your creditors.
  • Pay off the debt: If you accept the settlement offer, monies from your designated account will be transferred to the creditor as payment for your obligation.
  • Rinse and repeat: This process will continue until all debts have been paid off. The process normally takes 24 to 48 months, however individual time frames may vary based on how many loans you’re trying to pay off.

Freedom Debt Relief Dashboard

The program FDR dashboard allows easy navigation: Below is what the dashboard looks like;

Freedom Debt Relief Phone Number

FDR can be reached at 800-655-6303 for current clients, and 800-230-1553 for non-customers.

Freedom Debt Relief Jobs

What path do you wish to take in your career? Imagining a better world is one thing. It’s another thing entirely to provide it. You aren’t just another individual doing another job at Freedom Debt Relief. You’re changing people’s financial situations.

FDR has been dedicated to delivering financial solutions that are a better alternative to what big banks and traditional financial institutions have to offer since 2002. It’s difficult to go back once you’ve discovered a better way of doing things.

Pros and Cons Of Freedom Debt Relief

Pros of FDR:

  • Reduce debts by up to 50%
  • Offers legal counsel to eligible clients
  • Stops or limits calls from pesky creditors

Cons of FDR:

  • Freedom Debt Relief is currently not available in some states in the U.S
  • Freedom Debt Relief’s debt consolidation program does not offer a reduction on the principal loan balance.
  • Good credit is required to enroll in Freedom Debt Relief’s debt consolidation program, so seniors with poor credit may not qualify for the program.

Freedom Debt Relief Reviews,Our Verdict

Freedom Debt Relief review is the company that can assist clients with large unsecured debt in breaking free from the debt cycle.

With over 650,000 clients and over $10 billion in debt handled, this organization has aided a large number of people in getting out of debt.


For certain individuals who are drowning in debt, the Freedom Debt Relief program is the best option. If you’re dealing with a lot of debt, this could be a good option for you.

Overall, we believe that FDR stands out from the rest of the debt relief market due to its honesty, integrity, and years of experience.

Also, because of their 18-year track record of aiding clients, we are confident in endorsing the company service. We also value their accreditation, which includes helping to establish the American Fair Credit Council in 2011, an organization dedicated to establishing ethical debt negotiating standards.

FAQs About Freedom Debt Relief Reviews

How Does Freedom Debt Relief Work?

To learn more about the program, call a Freedom Debt Relief debt adviser or fill out an online form to determine whether you are eligible for debt settlement with the company. When you begin working with Freedom Debt Relief, you will make monthly contributions into a special account that will be used to pay your debt settlements. Freedom Debt Relief will negotiate with creditors on your behalf, and any agreement must be approved by you.

What Are Freedom Debt Relief’s Terms,cost and Conditions?

A fee ranging from 15% to 25% of the total debt in the program is charged by Freedom Debt Relief, with an average rate of 21.5 per cent. Your cost is determined by the size of your debt and where you live, and you will only pay it after Freedom Debt Relief has successfully negotiated your debt. Customers will be able to pay off their loans in two to four years in some cases.

What Are Some of Freedom Debt Relief’s Online Features?

To check if they qualify for debt settlement with Freedom Debt Relief, potential clients can fill out an online form. Clients can also access an online portal to track their progress and make payments.

What is Freedom debt relief customer service phone?

Freedom Debt Relief’s contact phone is 1-800-230-1553

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