Freedom Debt Relief was founded in 2002 by Stanford Business School graduates Andrew Housser and Brad Stroh. The two had a vision of creating a company that could help people struggling with debt, and they saw an opportunity to do so by providing debt settlement services. Initially, the company focused on providing debt settlement services to consumers who were struggling with credit card debt. As the company grew, it expanded its services to include medical bills, personal loans, and other types of unsecured debt. The company negotiates with creditors on behalf of its clients to reduce the amount of debt owed, often by as much as 50%. Freedom Debt Relief offers a debt relief program where clients make monthly deposits into a dedicated account, which is used to pay off their debts. The company then negotiates with creditors to settle the debts for less than what is owed. The program typically takes two to five years to complete, depending on the amount of debt and the client’s financial situation. According to the AFCC website, Freedom Debt Relief is an accredited member of the American Fair Credit Council. The company’s office location is 2116 S Freedom Way, Tempe, AZ 85281 and they can be reached at 1-800-910-0065.

Are Residents of All States Eligible For Debt Relief Through Freedom Debt Relief? 

No, residents of all states are not eligible for debt relief through Freedom Debt Relief. According to the companies website, www.freedomdebtrelief.com, the company operates in most states, but there are a few states where it does not offer its debt settlement services. Freedom Debt Relief currently does not operate in the following states: Connecticut, Georgia, Hawaii, Illinois, Kansas, Maine, New Hampshire, Oregon, South Carolina, Vermont, and West Virginia.

Freedom Debt Relief Fees

According to the News and US World Report website Freedom Debt Relief charges a fee typically ranging from 15% to 25% of the total debt in the program, with an average fee of 21.5%.