Freedom Debt Relief is an innovative debt reduction and debt settlement program with a known track record of success. Their personalized debt reduction program is based on the twelve step program of The Association Of Settlement Companies (TASC). They have over eighteen years of experience in the debt reduction and settlement industry. Their debt settlement partners are all certified by the TASC and the staffs they employ are all highly qualified. They guarantee that you will achieve at least a 50% debt reduction and sometimes even more.
They will work with your creditors to help reduce your balance and interest rates while making some extra profit for themselves. This is what is known as a third party service. You do not pay them a penny up front and they take care of negotiating your debts for you. They take a small percentage of the amount you pay them and pass it along to your creditors. This is what is known as a debt reduction program.
The Debt Settlement Process is fast, easy and confidential. Once you sign up for a debt settlement program you will never be asked for money again. You will start paying them your monthly payment on a monthly basis and they will pass it on to your creditors. The nice thing about this is that your credit card debt sparks will go down.
Personalized Debt Reduction Program – For many consumers the debt settlement process means dealing with creditors individually. However, if you want to save the most money then consolidating your debts is the best way to go. With debt consolidation you can consolidate all of your debts into one monthly payment, one interest rate and one due date. You will now only have one lender to deal with instead of several and you will be able to reduce your payments by spreading them out more evenly.
Credit Counseling – This is where you get on with the negotiations. If you choose credit counseling over debt settlement you will pay less money upfront because credit card consolidation companies negotiate with your creditors directly. A debt reduction company doesn’t know as much about debt settlement as a credit counseling agency does. When you use a credit card consolidation company to negotiate your debts you’ll often pay less than you would if you dealt with your creditors on your own.
To sum it up, debt settlement is the less expensive but more time consuming method of getting out of debt. You will pay less money upfront but you will also have to deal with multiple creditors. Consolidation will allow you to spread your debt payments out more evenly and even reduce your interest rate. So if you are looking for a personalized debt reduction solution then using a debt help company may be your best option.