I’d heard Evans say this many times before “I just want to get out of this debt hell. I only feel I’m going deeper into the debts every month. Just need to find some way to pay off all my bills, and have a good night’s sleep.” Evans was desperately looking for some solution to get out of the debt. He then chose to seek the help of Freedom Debt Relief, to fix the issues on his debt. The company’s “Freedom Fresh Start” program helped him clear his credit card debts. It is said there’s zero advance fees for the program and that the program demands charges only after the reduction of the debts. The debt reduction program was very effective in that Evans cleared off his debts in just a couple of years. The program seemed interesting to me, and I too looked for the company’s history and programs.

Some of the sources I explored stated that the company was founded by two Stanford Business School graduates Andrew Housser and Bradford Stroh. It’s a debt settlement company which has been helping its customers with debt relief options to avoid bankruptcy. The company helps in negotiating with the creditors, to make the monthly payments affordable by the customer. It has helped people for whom debt consolidation or other debt relief options were unavailable due to their financial hardships. The company offers debt reduction program as an alternative to bankruptcy, debt consolidation or credit counseling.

Debt settlement basically involves negotiating with creditors for a one low monthly payment, which usually may be lesser than the actual debt you owe. The payment made may be only a percentage of the total balance owed. Debt settlement may not be agreed by creditors initially, as the creditor may incur loss when only a part of the balance is made. But, negotiating with the creditor may help because of the fact that the creditor may not get any amount if bankruptcy is filed for by the borrower. Debt settlement may have a negative effect on the credit report. But, the program is still considered when debts are too high to clear and avoid going bankrupt which may stay for ten or more years on the credit report.

If you are still managing to pay the monthly payments to your bills, but are not sure if you can afford payments in the future, you may try any of the debt relief options. Although, debt reduction programs are considered optimal for most debt problems, the company also offers other debt relief options also for the consumer to choose. The other debt relief options include credit counseling, debt consolidation, planning your monthly payments, and others depending on the intensity of the issue.

Among the debt relief solutions offered, debt management can help you pay off debts sooner. The process may involve making a Debt Management Plan (DMP), after having negotiations with the creditor. The negotiations may be done by the debt relief company on your behalf. This plan can be made by a fee-charging company or by a creditor sponsored company free of charges. The acceptance of the plan may have your income reviewed to make budgets and to negotiate for a lower interest rate for the debt. The DMP method generally involves customers making monthly payments to the company which then might be distributed to the creditors.

Author Bio: Freedom Debt Relief

Category: Finances
Keywords: Freedom Debt Relief