If you are suffering financial difficulties owing to rising debt from credit cards and other sources of obligation that you cannot afford to pay off, Freedom is alternative worth investigating. Although the organization will assist you in negotiating and settling your debts for a lesser amount than what you owe, you will be required to pay fees based on a percentage of the debt they assist you in settling on your behalf.
Freedom Debt Relief, similar to other firms that provide debt relief, provides a free consultation that will assist you in visualizing how the process may function in your specific circumstances. During this phone conversation, you will also get an estimate of how much money you might save and how long you can anticipate participating in the program. Both of these pieces of information will be provided to you.
Clients who work with Freedom Debt Relief get assistance in negotiating and settling any unsecured obligations they may have. This indicates that they concentrate on borrowers with debts not backed by collateral. The following explains some of the many kinds of debt this firm may assist with.
Most of Freedom Debt Relief's efforts are directed at assisting customers in negotiating and paying off their credit card debt. It is simple to understand how customers may get into financial problems and need assistance in paying their obligations (including principal and interest payments) for an amount that is less than what they owe, given that the average interest rate is now at 17.13%.
Even for those covered by health insurance, mounting medical debt has become a significant issue in the United States. This is the case even for those who have health savings accounts. Freedom Debt Relief can negotiate medical debt for a sum less than the entire cost by working with hospitals and other medical providers.
Freedom Debt Relief also claims that it will assist with negotiating and settling private student loan debt in certain circumstances. On the other hand, they do not assist with federal student loans.
You need to have minimum of $7,500 in unsecured debt. This debt may be from credit card bills, hospital bills, or any other personal problems you may have. You are also required to go through what is known as a "genuine financial hardship," and the fact that you are behind on your expenses is beneficial.
When you give Freedom Debt Relief a call, you will be provided with a free consultation that will assist you in determining whether or not you will benefit from debt settlement. During this session, you will discuss your debts and find out how much you may save, in addition to the possible length of time that you will be required to participate in the program.
Freedom Debt Relief customers may reach customer care representatives by email, live chat, or the company's phone line. Customer support representatives are accessible around the clock, seven days a week. Their hours of operation are as follows: Monday through Thursday, 8:00 a.m. to 9:00 p.m., Friday, 8:00 a.m. to 8:00 p.m.; Saturday, and Sunday, 10:00 a.m. to 8:00 p.m. The hours of availability for Certified Debt Consultants are as follows: Monday through Friday, 8:00 a.m. to 11: 00 p.m.; Saturday and Sunday, 9:00 a.m. to 9:00 p.m. The chat feature is accessible from Monday through Friday, 10 a.m. to 4:59 p.m. Eastern Time.
Unfortunately, the debt relief market is replete with fraudsters and businesses that give misleading promises to their customers. Some debt relief firms, for instance, may attempt to have you pay fees in advance before the provision of services, or they may enroll you in their program without first outlining the hazards involved. Because of this, FTC suggests that before you go further, you check out debt relief firms with the Attorney General of your state and any local consumer protection authorities in your area.
