Yes, you can remove individual accounts from your debt management plan. To do so, call customer support and make the request. The consequences for removing a credit card account from a debt management program are similar to those of canceling a program, though possibly not as severe.

Has Freedom Debt Relief been sued?

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today settled its lawsuit against Freedom Debt Relief, LLC, the nation’s largest debt-settlement services provider. The company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty.

Is the Freedom Debt Relief Act real?

Freedom Debt Relief is an accredited debt settlement company based in Arizona that offers consumers a way to eliminate their debt by reducing what they owe. The business has served more than 650,000 consumers and resolved more than $10 billion in debt since 2002.

How long does Freedom Debt Relief take?

24-48 months
The Freedom Debt Relief program takes an average of 24-48 months. * Since every client’s debt situation is different, no debt relief company can guarantee the amount they will reduce a client’s debt with a creditor—and beware of any company that does, especially if they won’t put their savings claims in writing.

What is the rating for Freedom Debt Relief?

If you’re unable to make payments or are suffering from hardship while carrying more than $7,500 of unsecured debt and your credit is damaged, Freedom Debt Relief may be a last resort worth considering, as it’s received a 4.7/5 star rating from LendingTree reviewers.

What is a C+ loan?

C+ Loans are offered exclusively to consumers who contract with Freedom Debt Relief (FDR), a FFAM-affiliated debt settlement company. C+ Loans were marketed as a way for consumers to quickly resolve their outstanding debts. Misrepresenting that the consumers’ creditworthiness would improve by obtaining a C+ Loan.

What is the cost of freedom debt relief?

After settling your debt, Freedom Debt Relief collects a fee based on your enrolled debt amount, state of residence, and other factors. Fees range from 15%-25%, averaging at 21.5%. We clearly explain our fees to clients before they enter our program, and our fees never go up once our clients begin their program.

What is the cost of Freedom Debt Relief?

Who are the owners of Freedom Debt Relief?

Freedom Debt Relief, LLC is a wholly owned subsidiary of Freedom Financial Network, LLC and is run by Co-CEOs, Andrew Housser and Brad Stroh. The company has been around for over 15 years. In addition to running a Freedom Debt Relief program, they also provide FreedomPlus personal loans and offer mortgage education services.

Are there any companies that offer debt relief?

Not many debt settlement companies in the industry offer this debt relief service as part of their packages.

Where is Freedom Debt Relief in Tempe AZ?

Debt Relief Services. Headquarters. Multi Location Business Find locations. Business Profile. Freedom Debt Relief LLC. 2114 E Freedom Way. Tempe, AZ 85281-6230. (800) 230-1553.

Which is the best company to settle debt?

When you’ve got debt building up, finding a service to take care of it all for you sounds great. Freedom Debt Relief is one of the nation’s largest debt relief companies and has settled over $8 billion in debt since it’s been founded in 2002.