There are many organizations out there that advertise themselves as being able to help you beat debt. You must wonder, though, how true is this? One thing’s for sure: Not all debt relief and assistance agencies are the same. Read on if you’re wondering if Freedom Debt Relief is right for you.
Have you spoken to a Credit Counselor?
So many people are struggling with debt in the United States. Fortunately, there are also resources out there to help individuals begin the process of getting their debt under control. Speaking to a credit counselor is often the best first step for doing this.
Essentially, this is a service for people looking for general information and assistance in beating their debt, no matter where they are in the process. It’s always best to turn to experts when you’re looking for answers. This is exactly why working with a credit counselor can be such a powerful resource: They know the world of debt inside and out.
While there are several ways, credit counseling can help you, a debt management plan (DMP) is the most comprehensive. This is where the counseling agency helps you structure a new payment plan by working with your lenders to lower your interest rates. It’s important to note. However, this doesn’t lower the amount of debt you owe but can potentially make your monthly payments more reasonable, along with stopping those aggravating collections calls.
You should also be aware of some potential red flags associated with credit counseling agencies. Not all organizations that are designated as “non-profits” are going to be affordable for you. It’s important to read the fine print before agreeing to anything with credit counseling services. You should also walk away if representatives are trying to pressure you into anything or tell you to avoid speaking with credit bureaus. Essentially, if something seems off, it’s best to walk away.
Can you get out of debt on your own?
There are some ways people struggling with debt can help themselves. But these are few and far between. If it was really easy for people to get out of debt fast on their own, everyone would be doing it.
Credit card balance transfers are one of the best examples of self-help debt relief. This is where you move your credit card balances onto a new account with a low introductory rate. This will give some people time to pay down their debts while not accumulating interest expenses. On the other hand, this approach can be pretty risky. If you don’t take advantage of that intro grace period to make a serious dent in what you owe, you’re likely going to end up in an even worse position than where you started.
Is freedom debt relief right for you?
This brings us to Freedom Debt Relief, one of the most widely used and respected debt relief companies in the U.S. If you’re wondering if Freedom Debt Relief is right for you, there are a few things to consider:
- Can you realistically beat your debt on your own? If the answer isn’t a resounding “yes,” then it’s probably smart to start thinking about working with a debt relief agency. Freedom Debt Relief has helped hundreds of thousands of satisfied clients over the years. The shinning online reviews show how many people have improved their debt situation thanks to working with Freedom Debt Relief.
- Can you file for bankruptcy? A lot of people aren’t able to afford bankruptcy as an option. People in this boat, but overwhelmed with debt, need to seek other options. Debt settlement or consolidation with Freedom Debt Relief can help individuals who have nowhere else to turn.
- Are you okay with sacrificing a hit to your credit in order to beat your debt? Freedom Debt Relief is forthcoming about the fact that their services will likely hurt your credit score in the short term. But your credit is going to get destroyed one way or another if you can’t pay your debts. While it can be a tough pill to swallow at first, accepting this can get you on the path to a debt-free life.
All in all, there are few debt relief agencies out there that come close to Freedom Debt Relief in terms of quality of service and client satisfaction. If you’re in need of professional debt relief services, Freedom Debt Relief should be one of the first places you look for help.