What is debt settlement and is Freedom Debt Relief a good debt settlement company?

Answer 1

Yes, I considered many debt relief options and decided that they are the best for debt settlement. What Freedom Debt Relief basically does is get you a plan to lower your debts about in half to get you out of debt in around 2 or 3 years. For me, that is much shorter time than paying debts on my own (which would take me like 15 years) and saved me about $20,000 from what it would have cost me on my own. I also looked at credit counseling, but neither is good for credit scoring so I think the one that is best is the lowest cost and lowest payment. Freedom is a good company and has been really truthful and honest with me, even when sometimes it's not fun to get out of debt. I would recommend Freedom Debt Relief highly. As an expert in debt settlement, I would echo this conviction above. Debt Settlement is for consumers with real debt problems who need help getting over a debt burden. In that case, any company that is certified with TASC and IAPDA screened or a member of another association that conforms to industry standards such as USOBA is a good strategy. Freedom is a good one with a good reputation. Debt settlement is definitely a good option for certain consumers. The pros are total payback, length of payback, and monthly payback. The cons are credit rating and ability to use credit while in the program. The cons should be less of a concern for distressed consumers as your intent is to get out of debt, not accrue more. Freedom Debt Relief is a solid company. You would be hard pressed to find a better one.