For longest long time, my best friend, Thompson, has been battling a growing debt problem until the day he read a Freedom Debt Relief review and decided to try them out. Reading the review was probably the best thing he ever did to get himself out of debt. It showed him that there are plenty of ways to reduce his debts and get out of some of his debts in a shorter period of time than he expected.

Thompson was paying at least $200 in interests for each of his credit card each month due to the huge sum he owed the credit card company. Instead of paying as much as possible each month, he was only paying the minimum and while he does not get a penalty or late charges, his balance was increasing month by month. Unfortunately, he did not know this and continued to pay only the minimum until he maxed out all of his credit cards and could no longer use any of them. This was when he realized that he was owing his creditors, especially financial institutions, so much that if combined, it amounted to more than $100,000.

That\’s when he started searching for a solution to his serious financial problem. He came to me and I suggested that he started cleaning up his finances by planning his budget each month and allocating a large sum of his income towards paying down his debt. However, that was not enough. No amount of cost-cutting could allow him to pay more than just the minimum amount for his credit cards. His credit card debts continued to pile up each month so his monthly payments were only good enough to pay for the interests. He knew he had to do something to break out of this.

I told him to read up more on clearing debt solutions and find methods that could help him. After all, he needed more help than the common \’save money, spend less and pay down your debts immediately\’ method. He was not able to increase his income too as his job is takes up most of his time even though the remuneration is not commensurate to the hours he had to put in sometimes.

I still remember when he saw the review. He had been skeptical and then curious and then he called them up and spoke to one of Freedom Debt Relief\’s debt consultants. After a few weeks of checking out other debt management firms, Thompson decided to give Freedom Debt Relief a try. After all, this company has a long track record that proves it is able to help a lot of consumers with deep debt issues. It is also a reputable firm and one of the largest firms in the country. After signing up with them, Thompson became a completely different person. He is now more cheerful and no longer goes around with a permanent frown on his face.

He told me that Freedom Debt Relief had started negotiating with some of his creditors and it may be possible that they could get his creditors to slash some of his debts by up to 50%. This means he will be paying lower monthly repayments soon. Or better still, he is now looking at the option of setting aside a sum of money each month and come up with a tidy sum by the end of the second year and then pay up one or two of his creditors minus the amounts they may have decided to forgive him through debt negotiations undertaken by Freedom Debt Relief.

So, if you have a debt problem, do not hesitate to seek out third party help. Even reading reviews on financial firms and debt management companies could help you in one way or another.

Author Bio: Freedom Debt Relief Review

Category: Finances
Keywords: Freedom Debt Relief Review