Freedom Debt Relief

Freedom Debt Relief operates in most states and enables seniors to take out a lower-interest loan to pay back debts over two to five years.

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Freedom Debt Relief provides a variety of debt management services including debt consolidation. Freedom Debt Relief’s debt consolidation options enable loans of at least $7,500 to be consolidated into a single, fixed monthly payment which is paid over the course of two to five years. Freedom Debt Relief does charge monthly fees which can vary; seniors should speak with the company’s debt consultants to learn of the fee structure.

Seniors seeking to reduce credit card debts and simplify bill payment each month may want to consider Freedom Debt Relief’s debt consolidation services.

Grandfolk Scoring
Cost 6/10
Ease 8/10
Customer support 8/10
Services offered 10/10
Settlement period 10/10
Minimum debt 8/10
Warranty 1/10
Cancellation 7/10
Upfront and/or monthly costs
Monthly fees are about 18-25%; contact the company to obtain a quote
How easy is it to use the service?
Easy; Once the loan is obtained, you will have one monthly payment
Customer support
How does one contact customer service?
Services offered
What services are offered?
Debt consolidation, credit counseling, cash-out refinance, and more
Settlement period
How long does it take to settle the debt?
Depending on the debt, 24-60 months
Minimum debt
What is the minimum debt considered?
Is a no-risk or money-back guarantee offered?
How easy is it to cancel the service?
The loan cannot be cancelled; it must be repaid in full
Age Score:
50-65 Years
65-75 Years
75-85 Years

Freedom Debt Relief could be a good option for seniors of all ages who are seeking to consolidate their monthly payments into one simple payment. The most difficult aspect of this service for seniors, besides qualifying for the debt consolidation loan, is likely the difficulty in navigating the website to contact a Certified Debt Consultant.However, customer service is available to walk seniors through all the steps of the debt consolidation process.

Seniors with age-related vision or cognitive issues that prevent them from organizing and paying all of their credit card bills each month may benefit from this service, but it may be wise to ask a family member for help with setting up the details.

Health Score:
Great Health
Good Health
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Freedom Debt Relief is a good option for seniors in any state of health who are seeking a simple way to make their minimum payments every month. Health issues can, however, significantly affect the utility of the debt consolidation services offered by Freedom Debt Relief. Seniors with severe health problems may not benefit from Freedom Debt Relief’s services due to their escalating medical bills and a fixed income due to retirement or social security payments. These seniors may want to seek another option which, for example, reduces their overall costs for medical care rather than reorganizing their existing debt burden. 

Some seniors with good credit and sufficient monthly income may benefit from using Freedom Debt Relief’s debt consolidation programs to pay a single payment each month with a lower interest rate than that of their creditors.


  • Freedom Debt Relief negotiates with a customer’s creditors to reduce debt in as little as 24 to 60 months, eliminating the need for a senior to haggle with creditors or make many different monthly payments.
  • Freedom Debt Relief has an excellent client dashboard on its website to track the progress of debt consolidation negotiations and settlements.
  • The debt consolidation process features flexible terms, no credit impact, and a predictable monthly payment with a lower interest rate than that of the customer’s debts.
  • Freedom Debt Relief offers other debt management options including credit counseling, cash-out refinance, bankruptcy, and debt settlement.
  • Freedom Debt Relief’s services are available in 32 states.


  • Freedom Debt Relief is currently not available in CT, GA, HI, IL, KS, ME, MS, NH, NJ, ND, OR, RI, SC, VT, WA, WV, and WY.
  • Freedom Debt Relief’s debt consolidation program does not offer a reduction on the principal loan balance.
  • Good credit is required to enroll in Freedom Debt Relief’s debt consolidation program, so seniors with poor credit may not qualify for the program.

Bottom Line:

Freedom Debt Relief requires a minimum debt of $7,500 and charges a fee of 18-25 percent for successfully-negotiated debt settlements. Repayment programs negotiated through Freedom Debt Relief have an average time frame of two to five years; these programs can help seniors pay down debts faster and with fewer payments. Seniors can call the company and speak with their Certified Debt Consultants in a short, no-obligation phone call. The customer has full control of the debt negotiations process and customer approval is required to begin every successful repayment that has been negotiated by Freedom Debt Relief’s debt settlement team. 

Each month, the senior makes a deposit into an FDIC-insured Dedicated Account which is used to pay down the senior’s debts.The company’s CEOs, Brad Stroh and Andrew Housser, were recognized in the 40 Under 40 list in the Silicon Valley/San Jose Business Journal; the company also won the 2008 Ernst & Young Entrepreneurs of the Year award for the Northern California region.

Seniors who wish to obtain the help of an outside company to settle their debts may consider Freedom Debt Relief due to the company’s knowledgeable consultants, who can provide an easy debt consolidation experience.

Frequently Asked Questions:

In which states is this service available?

Debt consolidation services are available through Freedom Debt Relief in AK, AZ, AR, CA, CO, DE, FL, HI, ID, IN, IA, KY, LA, MD, MA, MI, MN, MO, MT, NE, NV, NM, NY, NC, OH, OK, PA, SD, TN, TX, UT, and VA.

What types of debt are accepted for consolidation?

Consumers should speak with a Certified Debt Consultant by calling the company or signing up for a free consultation online. Typically, larger debts over $10,000 are best for debt consolidation, but the Debt Consultant can help determine if the customer’s debts qualify for loan consolidation.

Are free resources, such as a consultation or other free tools, available?

Freedom Debt Relief offers a free, no-risk debt relief consultation which can be scheduled online. Consumers can also speak with a Certified Debt Consultant by calling the toll-free number.

More Information:

Product Details


Freedom Debt Relief offers many different debt management services, including a free, no-risk debt relief consultation which can be scheduled online. The debt relief consultation is a short telephone call which helps consumers determine which debt strategy offered by Freedom Debt Relief is the best option. Freedom’s Certified Debt Consultants help consumers evaluate their debt relief options, review their financial situations, discuss financial goals and hardships, and evaluate whether or not the consumer can qualify for the program.

Package Details:

Freedom Debt Relief’s debt consolidation program enables consumers to obtain a low-interest rate loan to pay off existing debts. The customer makes fixed monthly payments on the debt until it is paid off. The debt consolidation program offered includes a predictable monthly payment, flexible terms, and no credit impact, but good credit is needed to apply.  Some loans may require collateral (i.e., borrowing against a high-value item such as a home or car).

While debt consolidation is an easier option to manage than paying many different lenders every month, the debt consolidation loan may include higher interest rates overall. Seniors should therefore speak to the Certified Debt Consultants to obtain information on the complete terms of a potential debt consolidation loan.

Debt strategies offered by Freedom aim to offer substantial savings compared to paying minimum payments, enabling people to resolve their debt in a shorter time. Customer service representatives are available to answer questions and provide support throughout the debt consolidation process.

Optional Accessories or Add-on Services: Freedom Debt Relief can help consumers explore other options for debt management, including credit counseling, cash-out refinance, debt settlement and bankruptcy. 

Additional Company Details

Contract Details: 

Freedom Debt Relief’s debt consolidation program involves taking out a loan and making fixed payments each month until the loan has been paid. The loan must be repaid in full in order to cancel the contractual commitment.

Warranty: There is no warranty for Freedom Debt Relief’s Debt Consolidation services, and borrowers must take on the debt consolidation loans at their own risk.Seniors should only take out a debt consolidation loan if they know that they can make the payments on time and in full.

Accreditations: Freedom Debt Relief’s CEOs, Brad Stroh and Andrew Housser, were named to the 40 Under 40 list in the Silicon Valley/San Jose Business Journal; the company also won the 2008 Ernst & Young Entrepreneurs of the Year award for the Northern California region. Freedom Debt Relief is accredited by and has earned an A+ rating with the Better Business Bureau.Freedom Debt Relief is also a founding member of the American Fair Credit Council and a Platinum member of the International Association of Professional Debt Arbitrators.

Company Details:

Freedom Debt Relief, LLC, was founded in 2002; today, it is the largest debt negotiator in the nation. Founders Andrew Housser and Brad Stroh, both graduates of Stanford Business School, founded Freedom Debt Relief to create a “consumer-friendly” option for individuals struggling with large debts. The company provides a way to reduce and relieve debts without declaring bankruptcy or undergoing credit counseling. Since its foundation, Freedom Debt Relief has enrolled over 450,000 clients and resolved over $8 billion in debt; the company currently has 2,000 employees.


Freedom Debt Relief 
1875 South Grant Street
Suite 400
San Mateo, CA 94402 
Phone: 800-230-1553

Sheeva Azma - Senior Advisor