This is a popular name for a debt settlement company, and so there are a lot of listings for them when performing a search on Google.com or the Better Business Bureau.  This particular company is headquartered in San Antonio, Texas and their website is:  www.freedomdebt.com

One unique thing about using Freedom Debt is that they allow you to save your money for your debt settlement payments in your own bank accounts.  In other words there is no requirement for a “trust” account.

They claim to have a client base of over 60,000 clients which makes the one complaint against them with the BBB somewhat insignificant.  Also, they are one of the longer tenured companies in this industry and that says a lot since most others are at 2 years or less in existence.

Quick facts about Freedom Debt:

Founded in:  2002

Years in Business: 7

Number of employees:  Not disclosed

BBB Rating:  D

BBB complaints:  1 in the last 36 months which was resolved and the consumer acknowledged this fact.

Free Information:  Website based form or toll-free phone number.

Escrow or Payment Plan Available:  Yes, at customers own bank accounts.

Source of Funds:  Customer monthly payments.

Fee Structure:   15% of your total debt enrolled into the program.  No other fees are listed.  You must also have a minimum of $5,000 in unsecured debt in order to become a client.

Avg Settlement:  Not disclosed.

Refund Policy:  They offer a money-back guarantee minus fees.

About the Company

One of the larger debt settlement companies based on information found on the BBB website.

Beginning the Process

By calling their toll-free number or filling out the form on their website.

Types of Debt Serviced

Unsecured.

Term Guarantee

None given.  It's important to note that no Debt Settlement company can guarantee that your creditors will accept your settlement amounts as creditors are not required to do so.

Worth Noting

Freedom Debt states that all debt settlement companies were removed by the BBB because it was becoming too difficult to keep up with the sheer numbers of them.  In fact, our search on the BBB website found them with little effort.  They go on to disparage the BBB and their fee structure in order to discredit them.  Which is difficult to understand given that they do not have serious complaints against them even though their rating of ‘D’ stands out because of industry practices only.

Program Caution and Your Responsibilities

Do your homework and check them out thoroughly before you sign up.

Will Debt Collectors Still Call?

Yes, but they try to work with you to get those calls to cease.

Other Information

This debt settlement company does a pretty good job of being real and up-front about their services.  You can tell that they put forth a good deal of effort to inform and educate while attempting to attract new clients.  Their website is easy to navigate and has adequate information on the services that the offer.