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 do I need credit or debt counseling?
If you’ve fallen behind on your debts, avoid opening the mail, or are receiving collection calls, then you should consider credit counseling. You should also consider it if you’ve been turned down for a loan due to your credit score or debt load.
* Will it hurt my credit?
Credit counseling will appear on your credit report, but it’s not factored into your credit score. Lenders and creditors may be hesitant to issue new credit if the credit counseling is recent, but a bankruptcy or foreclosure will do far more damage.
* What does it cost?
The cost varies depending on the services you need. Most debt management plans include fees in the monthly payments or a one-time setup fee. The initial consultation should be free or very low cost – usually less than $50. Look for services that offer free educational materials, such as budgeting forms. If the fees seem unreasonable, investigate other services until you find one that works for you.

If your credit score is higher it is better. Credit score ranges from around 350 to 850. When determining your eligibility and/or risk each creditor/lender judges the credit score in a different way and even considers other factors. Usually a score below 620 is referred to as ’sub prime’ and anything above 690 is considered as a good score.

Freedom Debt Relief can help you in getting out of your debt and later if need we can refer you to credit builders to improve your score.

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.

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.

Freedom Debt Relief’s Debt Reduction Program, also known as Debt Negotiation or Debt Settlement, is an aggressive approach to becoming free of unsecured debts. It is appropriate for debtors with a serious amount of debt or who are considering credit counseling or bankruptcy. Freedom Debt Relief’s program’s goal is to find the optimal solution to lower your debts, help you deal with your creditors, and get you on the road to financial freedom.

• 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.