Freedom Debt Relief (FDR) is a credit counselor that performs credit repair and advice. FDR offers a debt reduction plan, a debt counseling program and a bankruptcy program. Freedom Debt Relief is a California-based debt settlement company that has been in business since late 2002, aiming to help individuals improve their financial condition. They assist them in getting out of debt through their financial programs. They are said to negotiate with the creditors/lenders and settle accounts for as less as possible and also educate consumers on debt management. Freedom Debt Relief was founded 8 years back and currently employees 500 people. They have helped 30,000 clients since opening their doors. Freedom Debt Relief claims to help people who have a lot of debt in handling creditors and negotiating a settlement with them. Few of the positive feedback about Freedom Debt Relief:

● Customers feel that the company has been true to its words.
● They immediately start contacting debtors/creditors in order to negotiate a settlement.
● They have been honest and also helped clients get in touch with an attorney who could help them get out of debt.
● They have helped customers settle debts for good.

Debt relief programs are debt repayment programs catering to people who are unable to pay back their debts easily and on time. Different types of debt relief solutions are available for people with different needs. Debt relief programs aim to get you permanently out of debt, or at least out of debt that you can\’t handle! These programs constitute counseling, debt consolidation, and different debt management strategies. In case you feel that your debts have gotten in, way over your head or are about to, then a debt relief program should prove to be a helpful option. Using debt relief programs to help with a personal financial struggle is a great idea. However, it\’s important that the person using the program be prepared to change their spending habits for the long-term. Many people who work their way out of debt fall back into it easily again once their credit cards are cleared. To avoid this problem it\’s a wise idea to destroy all cards but one. This reduces the risk of temptation almost completely. The feeling when all debt is lifted can entirely change someone\’s life. So it\’s important that they work at not falling back into the debt trap again.

Debt Settlement is usually done with a third party Debt Settlement Company that works with the creditor and the debtor to settle the balance of the outstanding credit card debt usually at a reduced amount, in exchange for a lump sum payment. This is usually not done while the account is in good standing, but is rather offered as an option when the consumer is in arrears. It is possible for the consumer to negotiate this process or to use an alternative method such as credit counseling or bankruptcy to relieve the financial hardship. The debt settlement process allows the consumer to pay less and still have the account closed and removed from their credit history as open debt. In many cases, the creditors will agree to remove negative history related to the debt and the open status will be shown as closed and paid in full. The Debt Settlement Company offers to take the negotiation process off the shoulders of the consumer, for a fee of course. The settled account will no longer be a collection issue and the consumer will be free from collection calls, messages and mail. The settled debt may appear on credit histories as settled rather than paid in a timely fashion. If the negative remarks and history are not removed, the blight remains on the credit score.

Author Bio: Freedom Debt Relief

Category: Finances
Keywords: Freedom Debt Relief