There are many organizations that advertise themselves as being able to help you defeat your debts. You have to ask yourself, however, just how true is this? One thing is certain: not all debt relief and assistance organizations are the same. Read on if you are 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 to help individuals begin to get their debt under control. Talk to a credit counselor is often the best first step in getting there.
It is basically a service for people looking for general information and help with debt relief wherever they are. It’s always best to turn to the experts when 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 out.
While there are many ways that credit counseling can help you, the most comprehensive is a Debt Management Plan (DMP). 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, that this doesn’t reduce the amount of debt you owe, but can potentially make your monthly payments more reasonable, while also stopping those aggravating collection calls.
You should also be aware of some potential red flags associated with credit counseling agencies. Not all organizations designated as “not-for-profit” will be affordable to you. It is important to read the fine print before agreeing to anything with a credit counseling service. You should also walk away if the reps try to pressure you into anything, or tell you to avoid speaking with the credit bureaus. Basically, if something is wrong, you better go.
Can you get out of debt on your own?
There are a number of ways people can help themselves with debt. But these are few and far between. If it was really easy for people to quickly get out of debt on their own, everyone would.
One of the best examples of self-help debt relief is credit card balance transfers. This is where you move your credit card balances to a new account with a low introductory rate. For some people, this will give them time to pay off their debts without accumulating interest charges. On the other hand, this approach can be quite risky. If you don’t take this introductory grace period to seriously reduce what you owe, you are likely going to find yourself in an even worse situation than where you started.
Is Debt Relief Right For You?
This brings us to Freedom Debt Relief, One of America’s Most Used and Respected Debt Relief Companies If you’re wondering if Freedom Debt Relief is right for you, here 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 a good idea to start thinking about working with a debt relief agency. Freedom Debt Relief has helped hundreds of thousands of satisfied customers over the years. The brilliant online reviews show how many people have improved their debt situation through their collaboration with Freedom Debt Relief.
- Can you declare bankruptcy? A lot of people are not able to afford bankruptcy As an option. The people who are in this boat, but burdened with debt, must look for other options. Settling or consolidating debt with Freedom Debt Relief can help people who have nowhere to turn.
- Are you willing to sacrifice your credit a bit in order to beat your debt? Freedom Debt Relief is coming to the point that their services will likely harm your credit score short term. But your credit is going to be destroyed somehow if you can’t pay your debts. While it can be a tough pill to swallow at first, accepting it can put you on the path to a debt-free life.
Overall, there are few debt relief agencies that come close to Freedom Debt Relief in terms of service quality and customer satisfaction. If you are in need of professional debt relief services, Freedom Debt Relief should be one of the first places you seek help.