Freedom Debt’s Blog

Freedom Debt Relief settled a record $27.2 million in consumer debt during the month of July, saving more than $16 million on 5,200 accounts for its clients. In the first seven months of this year alone, Freedom Debt Relief has settled $152 million in consumer debt, saving $88.5 million on nearly 30,000 client accounts.

The results that Freedom Debt Relief’s settlement team has obtained represent an average settlement rate of 41.8 cents on the dollar, or an average savings of 58.2 percent on settled debt (total client debt balances at the time of settlement, before program fees). In other words, FDR clients paid an average of just 41.8 percent of the total debt amount they owed at the time of settlement, saving millions of dollars.

Freedom Debt Relief - tips for your own quick Debt Consolidation Evaluator:
1. If you have perfect credit and have equity in your home - consider a Mortgage Refinance.
2. If you can afford a healthy monthly payment (about 3 percent of your total debt each month) and you want to protect yourself from collection and from going delinquent - consider Credit Counseling.
3. If you want the lowest monthly payment and want to get debt free for a low cost and short amount of time, AND you are willing to deal with adverse credit impacts and collections - then evaluate Debt Settlement.
4. If you cannot afford anything in a monthly payment (less than 1.5 percent of your total debt each month) - consider Bankruptcy to see if Chapter 7 might be right for you.

Freedom Debt Relief is one of the best debt consolidation companies. You can read the Freedom Debt Relief Review here

When you are in debt, you need debt help to get out of debt and back on solid financial footing. You need to evaluate your debt help options, from credit counseling to debt consolidation loans to debt resolution. Many let their debt pile up and don’t get aggressive about becoming debt free. To get your creditors off your back and get your finances back in order, you need to:

• Know your options
• Establish a plan
• Start paying off your debt
• Get a Debt Help Savings Quote

Freedom Debt Relief offers you the best debt reduction program to help you become debt free. Freedom Debt Relief is the member of TASC and is one of the largest company.

• What does building insurance cover?
  Typically, home insurance covers the domestic purposes of the house, sheds, garages, and greenhouses, and other features on the physical property.
• How much should I insure my contents for?
  Your contents should be insured according to the cost of replacement.
• What do I pay if I make a settlement?
  Your portion will be calculated according to what is not covered by the claim settlement.

Freedom Debt Relief is an excellent option if you are considering to settle all your debts.

If you are in debt, then you know how the stress can affect every aspect of your life. Such situations call for debt pointers to assist in debt management, and in ultimately paying off all of the debt.

Use the following debt pointers to help reduce your debt burden and to help you get debt free:

• Pay Off Highest Interest Cards First
• Try To Reduce Interest Rates
• Cut up Excess Cards
• Inquire About Debt Help
• Avoid Late Fees
• Budget, Budget, Budget
• Save For the Future

Freedom Debt Relief is among the best companies in debt settlement industry. Freedom Debt Relief’s debt reduction program helps you in getting out of debt.

Definitely consolidate your student loans if you know you can get a lower interest rate.

Consolidation is the answer when you can get a lower interest rate on a new loan than you have on your current loans.

Consolidate your credit card and other debt when making multiple monthly payments is strangling your finances.

Freedom Debt Relief has assisted thousands of clients to get out of their debt burdens.

Insurance is a means of providing protection against financial loss in different situations. It is a contract in which one party agrees to pay for another party’s financial loss resulting from a specified event. It usually works on the principal of sharing losses. If you wish to be insured, against any type of loss, agree to make regular payments, called premiums, to an insurance company. In return, the company gives you a contract, the insurance policy. The company promises to pay a certain amount of money for the type of loss specified in the policy.

Different Types of Insurance

1. Life Insurance: A life insurance policy provides that the insurance company will pay a certain amount when the person dies.

2. Private Health Insurance: Health insurance pays all or part of the cost of hospitalization, surgery, laboratory tests, medicines, and other medical care.

3. Property & Liability Insurance: Individuals and businesses buy property and liability insurance to protect their assets against financial loss. Property insurance provides direct compensation if a policyholder’s possessions are damaged, destroyed, or lost as a result of perils.

4.Automobile Insurance: This is the most widely purchased and most important kinds of insurance. Drivers are legally responsible for any costs arising from accidents they cause. This insurance protects a policyholder against financial losses from accidents.

Freedom Debt Relief is one of the largest company in the debt settlement industry. Freedom Debt Relief has helped more than 50,000 clients and has successfully settled debts of more than $1.5 billion

Not all debt relief solutions will help you over the long run. When you’re dealing with debt, you may want to jump at the first solution that comes your way. But some of these solutions could actually hurt you. Here are five that you want to avoid when trying to get out of debt.

• Paying Credit Card Minimum Monthly Payments

• Seeking Debt Relief from Friends or Family

• Paying Off Debt with a High Interest Loan

• Credit Counselors with High Fees

• Bankruptcy as a Debt Solution

Freedom Debt Relief is one of the best debt settlement companies that you can go for. You can read Freedom Debt Relief review.

• What are my debt relief (Freedom Debt Relief) options?
  The most common debt relief options are: debt consolidation, debt management, and debt settlement. You may also want to consider home refinance or a home equity loan.
• How will debt consolidation affect my credit?
  Debt consolidation has a minimal effect on your credit. In most cases, you apply for a home refinance or debt consolidation loan and use the proceeds to pay your other debts. Although you will now have a single larger debt on your credit report, several small debts will be eliminated.
• How will debt settlement affect my credit?
  Debt settlement will have a larger effect on your credit. When a debt is settled for less than its full value, the creditor will note that on your credit report. The damage is much less than you’d experience with bankruptcy or default, and in most cases your credit will improve within a couple of years.

Freedom Debt Relief uses debt negotiation with a goal of dramatically lowering your debt levels.
You can see the Freedom Debt Relief review here.

1.Use cash instead of credit. People spend more when using credit than when they use cash. Tracking expenses in detail also helps; learn to develop and use a simple budget.

2.Keep the change. After paying in cash, sock away the change. Then cash in the full jar and deposit the amount in savings. Or postpone a splurge until savings will cover it.

3.Cut prescription costs. Ask your doctor if a less expensive, generic medication will meet your needs. Check with a pharmacist about other discount options for which you might qualify, from AAA programs to $4 prescription promotions to state-sponsored discounts.

4.Buy store-brands. A recent exercise by a Consumer Reports writer found that purchasing store brands instead of brand names saved almost 50 percent. It also saved more money – and time – than savvy coupon-clipping.

5.Skip the shopping cart. People buy 30 percent more if they use a large shopping cart. Leave the kids at home, too, if possible. Shoppers who have children with them buy 40 percent more than those who do not.

6.Unplug unused appliances. Today, many electronics use power even when turned off. Connect the TV or computer to a power strip and turn off the electricity when not in use. Unplug appliances such as a toaster, coffee maker or spare refrigerator when not in use.

7.Chill hot water heating costs. Water heating accounts for 12 percent of home utility costs. Wrap the water heater in an insulating blanket (about $20) and lower its thermostat setting to 120 degrees from the typical 140 degrees Fahrenheit. For every 10 degrees the temperature is lowered, energy costs can drop 5 percent, or approximately $5 per month.

8.BYOB. Brew coffee at home and bring it to work in a reusable cup. Those who prefer strong coffee can invest in a $50 espresso maker to brew up lasting savings. Or buy soda pop at the grocery store or warehouse club for 20 cents a can instead of from a vending machine for a dollar or more.

9.Review bills for errors. Instead of writing checks on autopilot, carefully review credit card, utility and other bills to be sure charges are accurate. If you suspect a problem, contact the provider. Be especially wary of ongoing charges that might have been incorrect from the beginning.

10.Keep pets small. Love has no price, but when choosing a new dog, opt for the smaller canine. Its annual upkeep costs will average $700 less per year. Or choose a cat for another $60 in savings.

11.Eliminate catalogs.

12.Wait before buying. For any impulse buy, wait 48 hours. If you still want the item and can afford it, return to buy it. Many purchases lose their appeal after even a short cooling-off period.

Freedom Debt Relief uses debt negotiation with a goal of dramatically lowering

your debt levels. Freedom Debt Relief is one of the largest debt settlement

companies.