Freedom Plus Personal Loans Review


Rating: 9.4 / 10 (Excellent)
3 Customer Reviews - see all reviews
Disclosure: We receive advertising revenue from some partners. Learn more.
How is Freedom Plus rated?
9/10
Loan Basics
10/10
Service Features
8/10
Qualification
10/10
Additional Fees
10/10
Customer Experience

FreedomPlus-Overview

FreedomPlus is a new personal loan company that specializes in providing up to $35,000 to people in debt with less than ideal credit scores. Typically, those with credit scores between 600 and 700 experience difficulty qualifying for loans, especially from large established banks and financial organizations. According to industry sources, half of this population will see their scores rise to qualifying-level within a year. FreedomPlus has the technology and know-how to identify those individuals whose score will rise, and therefore is able to approve them for loans while their score is still low. What's more, FreedomPlus is backed by Vulcan Capital, the firm established by a Microsoft co-founder.

FreedomPlus provides its customers with an easy, transparent loan application process with no hidden fees, no prepayment fees, and rates guaranteed not to increase. Funds can be released as quickly as 48 hours from application. During the process, every qualified applicant is required to speak live to a loan consultant to finish his/her application. This is unique in the world of online personal loans, and provides confidence to the consumer who gets to deal with an actual loan expert instead of just a website. FreedomPlus agents can answer questions and concerns, and confidently guide the customer through the process.

FreedomPlus has recently been recognized by Bloomberg Businessweek, the San Francisco Business Times, and the Wall Street Journal for it's impact on the online personal loans marketplace and innovative business model.

FreedomPlus Loan Details

Loan Amounts

$5,000-$35,000

Minimum Period

2 years

Maximum Period

5 years

Loan Rates*

 

Rates

6.99%-26.49%

APR

7.93%-29.9%

Application Details

 

Online Application Time

A few minutes

Qualifications

Must be at least 18 and a US resident.

What Personal Information is Required?

Verified income and bank account
Valid ID
Applicant’s signature

Direct Deposit

Yes

*Loan rate and APR that is shown in this chart are only ranges for borrowers who qualify for a loan. Take note that not all applicants may qualify for FreedomPlus’ personal loan program.

FreedomPlus Loan Representative Sample

Loan Amount: $15,000, Annual Percentage Rate: 7.93%, Number of Payments: 60, Monthly Payment: $303.64

FreedomPlus Loan Discounts

One very useful and unique feature of the FreedomPlus platform is the company's two discount offers.

  • If you are using the loan for debt consolidation, FreedomPlus will give you a discount if you allow the company to pay your creditors directly instead of handling it yourself.
  • If you have co-applicants FreedomPlus will offer you a discount as well.

FreedomPlus Loan Summary

FreedomPlus is a great choice for personal loans because of its simple online application process, quick approval and as little as 48 hour funding time. The company is also a particularly good choice for those with poor and fair credit scores because, as mentioned above, FreedomPlus is able to grant loans to those whose score is likely to rise. 

The personal loan lender only needs three requirements from their customers for their loan to get processed. Rates and other fees are also stated clearly making them one of the most transparent personal loan providers today. The discounts they offer make the company attractive, especially if you are in debt to several creditors with high rates and want to consolidate into one payment with a lower APR.

 

Start your review for Freedom Plus Personal Loans

Latest Reviews

Loading Reviews ...
R
Russ
Sacramento, California
6/27/2017
I had a terrible experience with Freedom Plus! They have no right of rescission once the loan docs have been sent. I tried to cancel only hours after returning the docs because I found a MUCH cheaper loan. They said they would "try" to cancel it. I was surprised weeks later when it wasn't canceled and the funds were sent anyways. I was given unreasonable dates to return the funds in order to wave the origination fees which I found to be very high. I was charged for money I didn't want, didn't use, and I wouldn't recommend this company. Watch out!

T
Tamra
St Louis, Missouri
5/3/2017
Would like toborrow 1500 or 1000 and make a reasonable monthly payment

E
Ernesto A
Brandon, Florida
12/6/2016
They hide many things like its a daily simple interest and once you sign that contract there is no turning back. I wanted to cancel my contract one day later and I was told i could not. Do your research before you do business with this company

Start your review for Freedom Plus Personal Loans