Freedom Debt Relief; a leading debt resolution company in the United States approaches every client’s debt in a different way since it believes that everyone’s debt varies. Hence it encourages its clients to find out other possible options before they decide if its program is suitable for them. There are several debit options that debtors can explore including credit counseling where a qualified counselor reviews the financial situation of the debtor, establish lower interest rates with their creditors where possible, and create a plan for debt management for them to follow. The advantage of this option is that it has lower fees and rates, no collection calls, and the client makes one monthly payment.
Their debt consolidation approach enables the debtors to make only one payment into the program each month, which is used to pay off all their debts. Alternatively, they offer an invitation-only program that offers loans to pay off debts. This loan may come with a lower interest rate than the client’s debts, and they can make fixed payments every month on it until it is settled. Though its results may vary, this method of debt settlement offers flexible terms with no credit impact. The debtors can also opt for cash-out refinance that requires them to seek the help of a mortgage lender. They can refinance their mortgage by taking out extra cash above the mortgage balance and use that money to settle their debts. With the only requirement being a possession of a home, this approach helps reduce monthly payments.
Freedom Debt Relief works best when it comes to debt settlement. In this case, the debtor makes monthly deposits to the company’s account which then negotiates with the creditors to take a payment below what its client owes. This amount is paid from the account that the debtor deposited into until the debt is settled. While it may involve debt collection calls and the results will always vary, this approach is faster than making the least payments and has one monthly deposit plan.