As a debt relief company that has been helping people for over 15 years, we know how to create a custom debt relief program that gets you the best possible results. Every step of the way, our friendly customer service representatives are ready to answer your questions and offer support. Complete our simple online form to get started today. Your online Client Dashboard makes it easy to stay up to date on your settlement status. To learn more about our employees and founders, click here.
Getting started is simple
Debt Relief That Works. Let us negotiate with your creditors to reduce your debt and help you be debt free faster. Getting started is simple. Tell us about your debt Talk to one of our Certified Debt Consultants to see if Freedom Debt Relief could be the right solution for your debt. Enroll in our program We will negotiate settlements with your creditors until all of your enrolled debt is behind you. There are 4 phases in the Freedom Debt Relief program: As your account grows, we create a custom plan to get you out of debt. Negotiate — After enough funds build up in your account, we negotiate with your creditors to settle your debts for significantly less than you owe.
Settle — Our expert negotiators work hard to get you the best savings possible. Every time we settle one of your debts, we contact you for authorization and approval. No, our debt reduction program is not a new loan. Some of our clients use a loan in conjunction with the Freedom Debt Relief program, but most fund their settlements with a monthly deposit into their Dedicated Account. That being said, we do have a relationship with a lending company. And some clients, who demonstrate a consistent pattern of saving their monthly draft amount on time, may be eligible for a loan from this lender to pay off one or more of their settlements.
But this is not something that is required of any Freedom Debt Relief client. If you have one card with a low balance that you can quickly pay down to zero, then you may hold on to it for emergencies. Open credit cards make it difficult for us to negotiate with your creditors if they see you are settling on some accounts but not others.
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The bank account is set up in your name, and the money in the account is yours. We recommend keeping your funds in a new account, separate from your existing bank accounts because experience has shown this separation to dramatically increase the probability that you will succeed in the program. Freedom Debt Relief fees are deducted from this account on a debt-by-debt basis and only after each debt is settled, as indicated in the agreement you signed with us. But you still own the accumulated savings in the account.
The IRS considers a forgiven debt as taxable income, so at the end of the year they will expect taxes to be paid on the settlement. Please contact a tax adviser to discuss this issue further.
How Our Debt Relief Program Works
If you let your accounts become delinquent, your creditors will continue to add interest and late fees onto your balances. Typically, your balance will increase until a settlement is reached. Keep in mind that the interest is going to accrue regardless of whether you make minimum payments or not. Our goal is to negotiate substantial reductions to the balances on your accounts, even after the interest and late fees have accrued. You can also do your own taxes and repair your own car, but most people would rather leave these tasks to experienced professionals.
Our knowledge and experience puts us in a strong position to stand up to your creditors and fight for the best settlement possible. Negotiation activity is typically very limited until you have saved up enough in your settlement account to make reasonable offers to your creditors. Most but not all creditors do not want to spend time negotiating an account unless they know there are funds available.
In some instances, it may take more than six months before the first settlement is reached. In our experience, lawsuits are actually only filed on a small percentage of enrolled debts. If this happens to you, we established a relationship with a third party service from a law firm that can negotiate with the goal of resolving the debt.
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Note that the settlement percentages associated with settlement of debts in litigation are often higher than typical non-legal settlements. Please note that we are not a law firm and cannot provide legal advice or legal representation. Get started now and see how much you can save!
Get Your Free Evaluation. Is Freedom Debt Relief a scam? How does debt relief affect my credit? Will I be totally debt free when I am done? Will debt collectors call me? Do you guarantee you will settle all of my debts for a certain percentage? Is Freedom Debt Relief any good? How much does debt relief cost? What is debt relief? How does Freedom Debt Relief work? What types of debt can you help me with? Are debt relief companies legitimate?
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Will I have to take out another loan to cover my current debts? Should I include all of my credit cards in the program?
Who controls the account where my funds are held while I await settlement? Will I owe taxes on my forgiven debt? Do interest and late fees accrue on my accounts?