FreedomDebt.com places you in a program customized for each client for the optimal solution to lower what you are spending, deal with your creditors, and settle your debts in the shortest time possible. Unlike most other companies, we are not a "one size fits all" solution.
Accounts that are settled in our programs are typically negotiated down to about 50% LESS than what you owe. For example if you owe $30,000 to your creditors, you may be able to save up to $15,000 or more. Do you have questions? Contact us today to see if you qualify and how much we may be able to save you.
An important aspect of our progams is that upon successful completion, resloved accounts are SETTLED IN FULL, meaning you owe absolutely nothing more on those accounts. The creditors are required to report your account satisfied and with a "0" balance on your credit report, which may help your debt to income ratio and eliminates any settled account reporting as outstanding debt.
If being debt free in as little as 24-48 months for as little as half of what you owe sounds good, see if it s a possibility for you by giving one of our debt consultants a call, use the contact form or email us and one of our debt consultants will contact you to discuss your specific situation.
Debt Negotiation Steps
Here is a step-by-step overview:
- Step 1: Call or e-mail us for a free consultation. We will assess your financial situation and determine your potential for debt reduction and which program is best suited for your needs.
- Step 2: We will help you to determine a comfortable monthly amount to save towards negotiated settlements. This amount is typically less than your current minimum payments, and goes toward negotiated reductions of your principle balance (not simply paying interest charges and fees). These funds will be saved every month in a new FDIC insured account that we help you set up, but which you have control of.
- Step 3: Once you enroll in a "Debt Negotiation Program," you must close all accounts that are being negotiated and you are requested to avoid using credit cards while in the program.
- Step 4: One by one your debts are negotiated and settled and you are kept informed of the progress. When a settlement is finalized, you are sent a "good news" letter providing details of the settlement. Your creditors are required to report resloved accounts as "settled in full" and with a "0" balance on your credit reports. It is important to make your monthly settlement plan payments to fund the settlements.
- Step 5: Once all of your accounts are resloved, you are sent a graduation package. Congratuations!
After the Program: If you are interested in credit monitoring, purchasing a home, or related financial services products - we can put you in touch with a reputable provider to assist you. We want you find to find the best strategy for staying debt free and building personal wealth for your individual needs.
