Sometime last year, my close friend Smith was caught in a web of debt complications and issues. His situation was so bad that he was unable to even join our group of friends for our usual weekly Friday night casual meetings as he had to save every last dollar that he had to overcome his debt issues. Today he has returned to his old self, joining us as usual and looking a lot more cheerful than before. I had a small chat with him to find out the true story of how he overcame his debt complications despite his critical predicament a year ago. From his story, his debt condition was so bad that he could not undertake the usual debt settlement methods that others usually opt for when facing debt issues. For instance, he was not able to afford to pay for credit counselling or debt management plans. On the other hand, his credit score was extremely low as well, thus he was unable to refinance his home or opt for debt consolidation, as the packages that were offered to him were either unattractive or charged exceptionally high processing fees. He was at a loss at that time to find a solution to avoid bankruptcy, and was about to succumb to bankruptcy until he discovered a debt negotiation company. This company is called Freedom Debt Relief, and promise their clients freedom and relief from debt issues without charging high service charges or costly processing fees. Smith’s curiosity got the better of him, and having explored the way the company helped their clients overcome debt issues, signed up for a debt settlement package with the company. And today he has a solid repayment plan in place, and is all set to emerge debt-free within four years!

Smith helped me understand how the company worked, and I will in turn explain what I understood for your benefit as well. This firm generally negotiates on behalf of their clients (the indebted consumers) with the lenders and creditors to ensure that bankruptcy is avoided at all costs. Opting for Chapter 7 or Chapter 13 bankruptcy has become quite a popular option for consumers nowadays to overcome debt predicaments, and this is an unhealthy trend that the company wishes to reduce and possibly eradicate in the future. The company emphasizes on proper and successful negotiation with lenders to promote debt settlement, and has helped more than 40,000 clients manage their debts in more effective ways since it started in 2002.

Freedom was brought into existence by Andrew Housser and Bradford Stroh, and today has more than 600 employees serving clients across the nation. This debt settlement company has its headquarters in San Mateo, California, and is a subsidiary of Freedom Financial Network. Being a debt settlement company, Freedom negotiates with the lender to reduce the amount of principal that is owed by the borrower, successfully reducing the amount of interest rate owed. The company also tries to obtain discounts on the principal owed to the lender, and this effectively helps consumers as it decreases the monthly repayment amount.

The company has set its focus on helping clients or customers that are unable to consider other debt elimination options such as home refinancing or debt consolidation. Amongst Freedom’s top clients are credit card defaulters that have low credit scores, thus unable to consolidate their debt. And when these defaulters are unable to afford the monthly minimum credit card payment and do not have the cash to meet the cost of debt management plans, negotiation with the lenders would prove to be the most viable option. That is where Freedom comes in with its portfolio of services. When you consider that it is not much harder to be eligible for mortgage refinance packages, debt settlement through negotiation is probably the most convenient option to consider when you are facing debt issues.

Author Bio: Freedom Debt Relief

Category: Finances
Keywords: Freedom Debt Relief