You’re being crushed by mounting credit card debt, but you’ve heard of a solution called debt relief that may result in you paying less than your actual balance to settle your obligations once and for all and get a fresh start. Kind of sounds too good to be true, doesn’t it? Can you really settle debts for less than what you owe? Absolutely. The solution is called debt relief, which can be done through a reputable company called Freedom Debt Relief. But is Freedom Debt Relief legit? Absolutely. Here’s how it all works.
What is Debt Relief
The solution, also called debt settlement, involves working with your creditors to settle your obligations for less than the amount owed. If you agree to the settlement offer, you’ll pay the amount once and in full.
While settlements are not guaranteed, you have a great shot. Why? Because your creditors — typically credit card issuers — would rather take something over nothing. They also know that if they don’t extend an offer, you will likely file for bankruptcy, in which case they may be out of luck.
Note that there are certain types of debt that are eligible for debt relief. In addition to credit card balances, those include private student loans, medical debt, and past-due rent payments. It’s also up to the company. Debts that cannot be settled include secured debt like mortgages and vehicle loans,
Why Debt Relief?
There are a number of benefits to using debt relief to get out from under burgeoning debt and get a clean start. Those include:
- No more collection efforts. Once you’ve reached an agreement, those dreaded calls from your creditors or debt collectors will go away.
- Your debt disappears. A settlement means you agree to pay less than what is owed, once and for all. What’s more, the process is typically faster — between two and four years — than what’s offered by methods such as credit counseling or bankruptcy.
- No bankruptcy filing. People with a lot of debt generally have two options: debt settlement or bankruptcy. The latter can live on your credit reports for seven or 10 years, depending upon whether you file Chapter 7 or 13.
- You won’t be sued. For most people, the prospect of a lawsuit against them is daunting. The good news with debt relief is that you can be spared long, drawn out court proceedings.
And Freedom Debt Relief (FDR)?
For one thing, you want an accredited, reputable, experienced agency to help you. This is key as there is no shortage of scammers in the debt relief sector.
Enter FDR, which has provided millions of people like you with debt solutions and education for 22 years and counting. The company has an excellent track record of restoring the financial freedom of their customers, who are treated with the respect, dignity, and empathy they deserve.
FDR provides customized solutions to help you get back on your feet and on the road to financial stability. The company also teaches you how to better manage your finances and changes how you think about your financial future.
All told, Freedom Debt Relief has settled more than $18 billion in debt from some four million accounts. It’s also important to note that FDR is a founding member of the American Association for Debt Resolution.
In Summary
Debt relief is for those whose debt is out of control and has become insurmountable. It’s not for everyone, as customers’ credit ratings will suffer in the short term. Also, while you have a great chance for a settlement, there are no guarantees. The good news is that the solution is effective and has helped scores of people regain their financial footing.
