About Freedom Debt Relief

Freedom Debt Relief Synopsis 

Review Summary: Freedom Debt Relief helps customers pay off unsecured debt by creating a savings account for their customers to put money into and then using that money to negotiate lower payoff amounts with creditors. Customers only pay when a settlement is reached.  

Recommended for: Credit card debt consolidation with Freedom Debt Relief is recommended for those who have good to excellent credit, for those that are certain they won’t increase their balances again, those who are struggling to pay off their debt, and those who have credit cards with high interest rates. You must also be in one of the states serviced by Freedom Debt Relief. (Check the full list below.) 

Pros and Cons of Freedom Debt Relief

Freedom Debt Relief Reviews

Freedom Debt Relief has the following online reviews available:

Consumer Review Platforms	Rating
Bills.com	4.65/5 Stars (Editorial Rating)
BestCompany	4.8/5 Stars with 18,202 Reviews
Trustpilot	4.6/5 Stars with 45,509  Reviews

Freedom Debt Relief Full Review 

Overview 

Freedom Debt Relief helps consumers through its debt negotiation and debt settlement programs by agreeing to a lower payoff amount than what is owed.  

It can help with the following types of debt:  

• Credit card debt 
• Medical bills 
• Store-branded cards 
• Other unsecured debt 

It does not help with debt with collateral, such as a car loan or home loan, and it is also unable to help with federal student loans.  

Freedom Debt Relief does offer its services for some private student loans and business-related debts, but these are handled on a case-by-case basis.  

The programs offered by Freedom Debt Relief are only for those who have good credit and are certain they will not increase their balances after paying off their credit cards.   

Freedom Debt Relief Process 

Here is an overview of the process you can expect if you decide to work with Freedom Debt Relief: 

• Free Evaluation. The first step is a phone consultation to go over your debts and learn about the various debt relief options. You will also find out if you are a good candidate for a debt relief program. If you decide to move forward, a consultant will put together a customized plan for you. 
• Save. Once you enroll, you will start putting money into a dedicated savings account that will later be used to settle your debts and cover Freedom Debt Relief’s fees.  
• Negotiate. Once enough money is saved, Freedom Debt Relief will start negotiating settlements with your creditors. The goal is to get them to accept a lower amount than what is owed. 
• Settle. When a creditor agrees to a settlement, Freedom will reach out to you for your approval. If you approve the settlement, the funds will be taken from the dedicated savings account.  

Freedom Debt Relief Rates and Fees 

Freedom Debt Relief only charges customers fees once a debt is negotiated and a settlement is reached. A settlement isn’t officially met until the customer approves and authorizes the deal.  

The fees range from 15% to 25%. The state where the consumer lives is one factor contributing to the rate.  

Freedom Debt Relief Company Information 

Andrew Housser and Brad Stroh started Freedom Debt Relief in 2002 after attending Stanford Business School together.  

They say they created Freedom Debt Relief because the market lacked “consumer-friendly options for people struggling with debt.” 

Freedom Debt Relief was created with the mission “to provide financial solutions, services, and education that enable people to reduce debt, build wealth, and achieve financial freedom.” 

Freedom Debt Relief is a founding member of the American Fair Credit Council (AFCC).  

It is part of the Freedom Financial Network, which offers other services to consumers, such as financial education, home equity loans, home equity lines of credit (HELOC), personal loans, credit counseling, and bankruptcy help.  

Freedom Debt Relief has offices in Tempe, Arizona, and San Mateo, California.  

States Serviced by Freedom Debt Relief  

Freedom Debt Relief is available in the following 22 states:  

• Arizona 
• Arkansas 
• California 
• Colorado 
• Delaware 
• Florida 
• Idaho 
• Indiana 
• Iowa 
• Kentucky 
• Maine 
• Maryland 
• Minnesota 
• Mississippi 
• Missouri 
• Montana 
• Nevada 
• Pennsylvania 
• South Dakota 
• Tennessee 
• Texas 
• Utah 

Reviews last updated: 1/29/25. (Reviews are typically updated monthly.)

Ratings last updated: 1/129/25. (Ratings are typically updated quarterly.)

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This information is intended to be general and educational in nature and should not be construed as financial advice. Consult your financial advisor before implementing financial strategies for your retirement.