Freedom Debt’s Blog

Debt and financial difficulties are leading causes of personal anxiety, depression, and stress. Our goals, at Freedom Debt Relief, are to alleviate the pressures of financial strain, to get our clients back on solid financial footing and personal happiness. We offer one-stop-shop services to get you out of debt and on your way to permanent financial freedom. Whether you are trying to reduce your debts, cut your monthly payments, protect your credit rating, avoid bankruptcy, stop creditor harassment, prepare for home ownership, or simply to regain financial freedom we are there to help.

The Founders of Freedom Financial Network first met many years ago while in Business School at Stanford University. Recognizing the overwhelming burden that personal debt had placed on Americans, and the usurious rates and fees consumers were struggling with, the team decided to leverage their decade of financial advisory experience to create a truly unique company and build a leading company to help consumers in debt. Instead of simply lowering interest rates (like credit counseling), or shifting unsecured debt to secured debt (like credit consolidation), Freedom is a pioneer with an innovative process for actually cutting the total amount of unsecured debt that consumers owe. We succeed by using our relationships and scale with creditors to negotiate down each individual consumer’s debt balance and payments. However, not everyone qualifies for our “Debt Reduction Program”. We stringently qualify and underwrite our customers, and only accept consumers that meet our guidelines.

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.

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