There are ways the company can help you regain a better score once your debts are fully paid but you may want to assess what will happen to your credit in the short-term and if that is something you think you will need.įreedom Debt Relief can give you advice on how to handle any calls or mail you may get about overdue payments, but it is important to understand that legally you will remain liable for your debts during the process. You should also mention any plans you have for the future that could require decent credit, such as buying a house.īecause you will stop paying your creditors whilst you pay into your settlement account, you may end up with a lower FICO credit score. Before your consultation, it's a good idea to gather together any relevant information about your finances at the moment, including any outstanding debts, your income, and expenses. Like most debt settlement companies, Freedom Debt Relief has a team of advisers who will help you work through your current situation to find out how debt settlement could help, and if it's the most appropriate solution. Understandably, debt settlement is a big step and is one that should be considered carefully. The matter was settled out after the company agreed to pay restitution, but if you want an alternative, National Debt Relief (opens in new tab) is our top choice overall. One thing to note about Freedom Debt Relief is that it was hit by a lawsuit (opens in new tab)from the Consumer Financial Protection Bureau (CFPB) for allegedly charging upfront fees and not being fully transparent with its customers. The company has been in operation for over 17 years and settles over 50,000 accounts a month. This means you will receive expert information and a good idea of whether or not debt settlement is the best move for you. The consultations are carried out with an IAPDA-certified consultant. The staff are knowledgeable about clients' options, depending on their circumstances.įreedom Deft Relief offers a free consultation for potential customers, so you can work out if debt settlement is the right solution for you. But, if you had to choose an up-and-coming player, disrupting the industry, then Freedom Debt Relief is for you.The company operates in 37 states and charges an average of 22% of the enrolled debt as a fee for settling. In all, it’s a coin toss which debt settlement company you’ll affiliate with. We think the offers and promotions will provide ample earnings for affiliates positioned right. Joining the Freedom Debt Relief program is free but has some setbacks because of consumer complaints so take that into mind when promoting offers. The services are almost identical, too, along with affiliate commissions and payouts. It’s easy to confuse this brand with several others considering they follow similar naming structures. The Freedom Debt Relief affiliate program is a dime a dozen in the debt settlement industry. 300+ consumer complaints on the BBB websiteįreedom Debt Relief Offers and Promotions: What We Think.Legal troubles with the Consumer Financial Protection Bureau.Clients cannot include those with secured debt (like back taxes).High commission rates depending on client referral.
The Freedom Debt Relief program features industry-level tracking, reporting, and resources to improve performance. Here, affiliates can earn high commissions promoting debt settlement services. The Freedom Debt Relief affiliate program is part of the Freedom Financial Network program. Partnerships with BBB, LendingClub, Wells Fargo, Quicken Loans, and Credit Karma make this service possible. Debt relief begins just days after enrollment. The streamlined process identifies debt solutions, shows savings, and begins the negotiation process.įreedom Debt Relief has been featured in The Wall Street Journal, USA today, Stanford Business, and many other high-profile institutions. More than 500,000 clients have enrolled with over $8 billion in debt resolved since its inception in 2002. Freedom Debt Relief Affiliate Program: Overviewįreedom Debt Relief offers debt settlement and negotiation services on behalf of their clients.