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Freedom Debt Relief Success Stories

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You can’t move forward in life with that debt load, and you know it. You’ve narrowed your options to debt relief, but you aren’t sure which company you should get to help you. Well, there ARE lots of Freedom Debt Relief success stories. Let’s take a gander at one.

What is Freedom Debt Relief?

We’ll start there. A debt settlement company such as Freedom Debt Relief negotiates with your creditors – usually credit card issuers – to try to get them to accept less than what you owe to resolve your debt. Why would creditors do that? Mostly because your next step could be bankruptcy, in which case they get zilch.

How Does it Work?

After your initial free FDR consultation, during which a certified professional assesses your situation and goes over your options, you’ll be asked to deposit money monthly into a dedicated savings account from which your settlement agreements will be paid.

You do need to have at least $7,500 in unsecured debt to qualify for FDR’s program. That means balances from credit cards, medical bills, and personal loans, and the like. Freedom Debt Relief does not accept secured debt, meaning debt attached to collateral such as a house or car.

What Percentage Can You Settle For?

That depends on your creditor, how much you owe, where you live, and other factors. FDR could, however, settle your debt for as little as 50% of the amount you owe. Every creditor is different and the amount they will settle for can vary.

How Much Does It Cost?

Unlike some unscrupulous companies, Freedom Debt Relief follows the law and doesn’t charge until a debt is negotiated and you approve the deal. Its fees usually range from 15% to 25%, but your rate may vary depending on your state of residence.

How Long is the Program?

You can get a settlement as soon as four months after enrollment, but that depends on your monthly deposit amount, the number of creditors involved, and the balance of each account.

Does the Program Work?

Freedom Debt Relief is the nation’s largest debt relief company. It’s been around since 2002 and has resolved more than $10 billion in debt for some 650,000 customers. The agency is accredited by the American Fair Credit Council, which it helped found, as well as the International Association of Professional Debt Arbitrators.

But do not take our word for it. Check out Freedom Debt Relief reviews and consumer success stories such as one published in the New York Post. At the time, Chris Cataldo, then 50, was awash in debt. The Staten Island resident, who was a supervisor for a life insurance company, found himself in deep trouble after he and his wife racked up more than $60,000 in debt on 13 credit cards – most charging 20% to 25% interest.

The situation took a toll on both his credit score and his marriage. Cataldo and his wife were initially befuddled because the couple made good money and couldn’t understand how the credit card bills got out of control.

After enrolling in Freedom Debt Relief’s program, Cataldo was able to pay his creditors just $8,000 to settle his debts. He was debt free.

These days, Cataldo is single, lives in a condo he owns, and has a credit score of 744. He has two credit cardsand keeps his balances to no more than $150 a month.

There are many other Freedom Debt Relief success stories. Don’t you want to become one, too? Don’t delay another minute – call Freedom Debt Relief today.

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