Service & Fees
Services | Debt Solutions |
Debt Amount | Over $25,000 |
Terms | 24-48 months on average* |
Provider Type | Direct online provider |
Good For | Clients struggling with Credit Card Debt |
Features
It’s also important to know that Freedom DR will charge some fees for its services, ranging between 15% and 25% of the total enrolled debt, and may vary from state to state. According to the company, the vast majority of clients get their debt resolved within four to six months of enrolling. Obviously, this is a general time frame that can extend by a lot depending on the type/amount of debt enrolled in the program and your ability to deposit funds into your dedicated account.
How to Apply
Applying for debt solutions on Freedom DR is quite easy. The first thing that you will need to do before signing up for their services is to talk on the phone with a certified debt consultant from their team. After you offer all the necessary information to the consultant, the company will provide you with a personalized debt solution plan. That is the moment when you will voluntarily stop paying your debt and instead start funding your dedicated account used to complete your debt FDR program.
Once your account has enough funds, the company will start the procedure with your creditors in your name. Most of the time, this process begins four to six months after signing up. Once an agreement is reached, you will have to approve the amount. After that, the money from your dedicated account will go to the creditors as debt payment. If you have multiple debts, this entire process will be repeated until all enrolled debts have been paid off.
Requirements
Mortgage, car, or federal student loan debts are not eligible; Must live in a valid state. Program is not available in all US states and fees may vary from state to state (the full list is on the official webpage).
Privacy & Security
Freedom DR is the largest debt solution provider in the United States with mostly positive reviews from people who have gotten rid of debt with their help. It’s also important to know that your personal data and funds are safe with them. Besides that, their official website looks great, works well, and certainly easy to navigate in order to find out all the important details of their offer. The company also has an Excellent rating on TrustPilot with 4.6 stars and 34,984 reviews.
Help & Support
There are two phone numbers where Freedom DR can be contacted. One is for their clients (800-655-6303) while the other is for everyone else (800-230-1553). Their debt consultants are available Monday to Friday from 8 AM to 11 PM EST and Saturday to Sunday from 9 AM to 9 PM EST. Customer service is available Monday to Friday from 8 AM to 9 PM EST and Saturday to Sunday from 10 AM to 8 PM EST.
Summary
In conclusion, Freedom DR is the biggest debt solution company in the United States but that doesn’t make it a good idea for everyone. While this company offers attractive benefits, it also charges large fees and participation in the program may result in a decrease in a consumer’s credit score. The choice is, ultimately, yours.
Contact Address
PO Box 2330
Phoenix, AZ 85002-2330
* Estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all clients complete their program for various reasons, including their ability to save sufficient funds. C.P.D. Reg. No. T.S. 12-03825.