One of the most stressful situations in which a person can find himself or herself in is being heavily in debt. It may seem like a nightmare when you cannot manage your finances and pay back your debt. If you have credit cards and have run into problems in managing them and in paying back your creditors, you will no doubt want to find a good debt relief company to help you. There are many of these companies throughout the United States, but finding one that is fair and reputable can sometimes be a challenge. One of the best is Freedom Debt Relief.
Freedom Debt Relief was established in 2002 and has a good track record of helping consumers to reduce their debt. In comparison to other companies that offer credit card consolidation. debt management planning, debt settlement and other financial services, the fees Freedom Debt Relief offers are relatively low. It also does not charge any upfront or monthly fees for its services. The company has a solid reputation when it comes to bringing you relief from the stress of credit card debt.
One of the best things about Freedom Debt Relief is that you can expect as much as a 50 percent reduction of your debt. In addition, the fees it charges for its services are as low as only 18 percent. However, it is worth noting that the company does charge its fee based on the total enrolled debt instead of the amount for which your creditors agree to settle.
On the whole, when you enlist Freedom Debt Relief’s help for settling your credit card debt, you can expect to pay either the 18 percent fee or 25 percent, depending on which amount is lower. You will not be charged your fee until after your creditors agree on an amount you will be required to pay to settle your debt. The amount that you pay depends on your specific financial situation. For example, if you owe $10,000 in credit card debt, you will be charged a $2,000 fee for credit card consolidation services offered at Freedom Debt Relief.
Another good thing about the fee charged by Freedom Debt Relief is that the amount is deducted from the total amount of your debt at around 50 percent before fees. That equates to a savings of anywhere from 25 to 35 percent on your total debt. The fee you are required to pay to Freedom Debt Relief is also determined only after your creditors agree on the amount you pay them back. On average, the time frame for these services ranges between 24 and 48 months. Of course, it also depends on the total amount of your debt and how much money you are able to set aside each month toward paying it back.
The company is also accredited by the AFCC and IAPDA, as well as the Better Business Bureau. That means that the professionals who work for Freedom Debt Relief are required by law to comply with the regulations according to the Federal Trade Commission.
On the whole, Freedom Debt Relief is one of the more reputable and recognized names in the debt settlement and credit card consolidation business. Over the years, it has successfully settled more than $3 billion in debt for its consumers. If you are struggling with credit card debt, this is a company you might want to consider to help you pay back your debt.