Freedom Debt Relief Review
Freedom Debt Relief Review
ConsumersAdvocate.org
12 Customer Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. Learn more.
Founded in 2002, Freedom Debt Relief (FDR) is the largest debt negotiator in the nation.
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FDR is a member of the Freedom Financial Network and is engaged in helping people find debt relief through its debt resolution services.
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The company negotiates with their client’s creditors to resolve outstanding debt. FDR and its partners employ debt resolution and debt settlement strategies. FDR currently has offices located in San Mateo, CA and Phoenix, AZ.
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Freedom Debt Relief employs over 1,600 debt settlement professionals, and has served more than 615,000 clients across the United States.
Free, personalized evaluation from certified debt consultants
- Over 850,000 clients have enrolled in the Freedom Debt Relief program since 2002
- American Fair Credit Council accredited
- Settled over $15 billion in client debt since 2002
- Recommended for people with $15,000 in unsecured debts and up
- No upfront fees
Latest Freedom Debt Relief Reviews
The problem with Freedom Debt Relief is THEY charge you so much on top of your creditors, they are scamming you just as much as they are 'helping'.
I used them to consolidate debt, but once the debt changed hands, I was on my own. Freedom Debt Relief wouldn't talk to me or answer my emails, they simply told me that I could 'unenroll'---which means I spent about $4000 to Freedom Debt Relief to settle a $7000 debt---I should have just called and negotiated it myself.
I have used :Freedom and they did negotiate for a lesser amount of payments in a reasonable amount of time. But the loan through Crossroads is double the amount of the bills paid and the interest rate is much higher rhan some of my creditors. All in all I'm paying more monthly to them than I was to my creditors.
I call this company for the first time and the rep was very rude, desperate and impatient. want to get my information right alway before informing me about the process. It is already hard going to financial situation and now going to this step that would affect your credit. I know this company is trying to help but when you see them hassling like that be in the look out. it should be about client satisfaction
I have read the class action, I have read the customer reviews, they are incorrect at least frommy experience. I got the information and asked thousands of questions concerning the system, I knew very well that things happen, but so far I am proud to pick FDR!
They ruin your credit they only settle with collections agencies and everyone knows that anytime your account goes to a collections agency it destroys your credit never will recommend them to anyone!
Would not recommend this company to anyone!! Puts you in more debt that you started with. They recommend that you stop paying your monthly payments as soon as you sign up with them, thus, within a year, you are hit with lawsuit after lawsuit. If you got their "legal" team "protection" (for an additional fee per month, of course), they will "negotiate" the lawsuit for you. Bull!! What this means is, they may get you a 10% reduction in the total amount you owe, but you still have to pay the "settlement" fees, which takes your total debt up higher than it was when you first started! Where the heck is the savings??? Plus, had the law firm get a stipulated agreement with a creditor that... Read More
I would never recommend freedom debt relief they hire people and they don't train them to tell you the truth I ended up having to pull one of my accounts out because they lied to me and said my husband wouldn't be on it and he was so it ruined his credit
excellent experience and program will allow to make extra fund payments to quickly pay off credit card debts
I naively thought that this company would have my back and protect me from creditors, but found out the hard way that unless I had a decent amount of money in my account (I paid $800 per month), the process of freeing me from my debts would be a long process with no protection from being sued. Two very small accounts were settled quickly, but my nightmare was American Express. They do not negotiate with anybody and I wound up being sued. Freedom did not protect me like I thought they would and I got out of my contract with them ASAP. They should have warned me that this might happen, but they didn't.
Truthfully, I never even got as far as signing up for the program. I owed about $45,000 in debt and the agent told me I would have to pay $45,000, put into an escrow account to the tune of $800 a month (more than the payments to my cards). I asked if they negotiated the amount down with the creditors and he laughed at the idea. Then I get this contract to sign that says the amount will be negotiated down to $22,000 and that they will charge $9500 up front and then 1.5% of the amount owed, per year which brought the amount up to the original amount - just that half of it now goes to them. I can cancel at any time but I still will owe the $10-20,000 in fees. I thought that was outrageous and... Read More
Right now I am frightened. No one from fdr contact me. I get threatening letters from creditors and calls. I can't afford to save very much money each month but it would be nice to try to pay off the smaller ones. I feel trapped and alone.
I'm more stressed out than I was before I signed up. The person I signed up with stop responding to my calls and emails after i signed up. I owe more than I did before I signed up with FDR on one account, My check is being garnished for another account enrolled in the program and the representatives tell me now that they don't negotiate until funds build up. Ok, you don't contact the creditors to at least inform them your client is enrolled in the program?