Whether your credit score can benefit from debt relief depends on your spending habits. Will Freedom Debt Relief hurt my credit?ĭebt settlement in general could damage your credit score, but it can also help you rebuild your credit in the long run by clearing up some of your debts. If you stop making minimum payments on your credit accounts, interest and late fees will add up. This works out to a fee of $3,600 to $6,000 on the average customer’s balance.īut the cost can be higher if you don’t make payments on your debt. You must enroll a minimum of $7,500 to $14,000, depending on your state - though the average customer enrolls $24,000. How much does Freedom Debt Relief cost?įreedom Debt Relief charges a fee of 15% to 25% of the debt you enroll in the program. However, it offers a program guarantee that if your total program settlement cost is more than the total amount of debt you enrolled in, it’ll refund you the difference up to 100% of Freedom’s collected fees. People who drop out of the program also often end up in deeper debt than when they originally enrolled. And in some cases, you could end up owing more.

If you stopped making payments to your creditors, you won’t see as much in savings. And savings varies on a case-by-case basis.įor example, savings are calculated when your account is settled. All international money transfer servicesįreedom Debt Relief doesn’t advertise the average savings for customers who enroll in its program.

Does freedom debt relief work