There are four alternatives to your debt problems, and while we believe that FDR's "Debt Reduction Program" is the best solution for most consumers, we want to educate each and every applicant on the alternatives and let them make the choice that is best for their solution. If you would like to learn more about debt relief, or any of your options, feel free to contact one of our friendly debt consultants for a free consultation at 1-888-710-3328.

• Credit Counseling
• Debt Consolidation
• Bankruptcy
• Credit Card Monthly Payment

Credit Counseling

The main problem with Consumer Credit Counseling organizations is that they are secretly working for your creditors! This may seem unbelievable, but it is true - and it is why you end up paying about three times more money to pay off your debts in Credit Counseling than in Freedom Debt Relief's "Debt Reduction Program." Most Consumer Credit Counseling firm's claim non-profit status and pretend to be independent. But in fact, these non-profits are funded and supported by the very people you owe money to; - the credit card companies. That is why Consumer Credit Counseling companies do not negotiate your debts down. They merely try to come up with a plan to make sure you keep paying your credit card bills every single month. They want to force consumers to pay as much money as possible to your creditors. Sure, they may help lower your interest rate a few points, or eliminate a late payment or two, but the credit card companies are happy to do this when they know you are going to keep making payments that Freedom Debt Relief could have negotiated away for pennies on the dollar.

Additionally, since you are repaying 100% of your debt balance plus interest charges (even after they are reduced by Consumer Credit Counseling), you could be in a Consumer Credit Counseling program for 5 years! Compare that to 2-3 years in our program.

In Freedom's "Debt Reduction Program" you can be out of debt twice as fast and for about 1/3rd of what you'd be paying in a Credit Counseling Debt Management Program. Why not become debt free as soon as possible, as opposed to being stuck in a consumer credit counseling program for several more years. Once you learn about the alternatives, the decision becomes easy for our clients to choose FDR's Debt Reduction Program.

Furthermore, most Consumer Credit Counseling companies require you to make all of your payments to them and then they pay off your creditors. Recently, a state Attorney General sued one of the largest Consumer Credit Counseling firms because they were not actually passing on all the money they get to the credit card companies, they were keeping it themselves! In fact, the IRS has recently stopped granting non-profit status to credit counseling firms.

At Freedom we receive no payments from your creditors, so our incentives are aligned with yours. We make money when you save money and the only money you send us is for our fees, if and only if we save you money.

Debt Consolidation

Unfortunately, a Debt Consolidation Loan is one of the most common solutions people think of when they fall into financial difficulties. This is a problem because most people who get a debt consolidation loan find themselves in much deeper financial trouble than they were in to begin with.

Debt consolidation loans transfer debt from one place to another. While this may sound good, since many times it can appear to lower your monthly payments, a debt consolidation loan will not reduce the amount you owe. We have yet to find someone who has solved their debt problems by borrowing more money through debt consolidation.

You will still pay back 100% of the debt consolidation loan, plus interest. The interest rate is sometimes lower than before, but this is because debt consolidation loans are usually secured loans that cannot be lowered or negotiated. Once you sign up for a debt consolidation loan, you have just gone from an unsecured debt to a secured debt and have put your personal assets (e.g. your car or home) at risk. At that point if you can't pay your bills your creditors can come and take your personal property - thus creating a bigger problem than you had to begin with.

We think the best solution is to deal with financial problems through debt reduction, not debt consolidation. This way you are dealing directly with the problem, not temporarily avoiding debt problems.

Bankruptcy

Bankruptcy is a way to potentially get out of your debts. Unfortunately, it leaves a long lasting scar, and comes at a high price - financially, emotionally, and socially. It is a long and painful process and the repercussions can last for over a decade.

The financial impact is severe; a bankruptcy will stay on your credit report for 10 years. Every time you apply for credit, whether it is a home, a car, a lease, or insurance, you will be impacted. The long-term effect of higher rates many times greatly outweighs the shorter-term impact of filing bankruptcy.

Additionally, most people do not realize that bankruptcy can stay on their court records for over 20 years - which means it can follow someone for the rest of their life. If you apply for a job, a loan, rent an apartment, or even insurance your bankruptcy filing is easily uncovered.

Lastly, we have yet to find someone who is proud of filing bankruptcy. Most people will do anything to avoid filing bankruptcy, and for many of our clients, FDR's Debt Reduction Program is a perfect alternative.

Bankruptcy is not an easy or even quick fix. It is a very serious decision with serious consequences. If you are considering bankruptcy, you should consider contacting a lawyer to discuss this option.

FDR's "Debt Reduction Program" is a great alternative to bankruptcy. You are protected from bankruptcy and your debts are reduced. Best of all, your creditors accept our settlement amounts as payments in full, making you debt free without having to suffer the longer-term financial, emotional, and social impacts of a bankruptcy. Many of our clients are ecstatic to find an alternative to bankruptcy that still solves their debt problems.

Credit Card Monthly Payment

Unfortunately, millions of Americans who are struggling with their debts continue to just barely make their monthly payments. Most of these people just keep doing whatever they can to continue making minimum payments for the rest of their lives. If you are facing severe financial hardship, this is a no win situation. If you are only meeting your minimum payments, you are paying almost entirely interest charges; not paying down your debts.

This means that if you owe $10,000 today, it will cost you more than $20,000 over the next 20-30 years before you are debt free. And if you can't keep making their minimum payments, the creditors will begin harassing you. If you don't find help, you could end up with judgments and garnished wages as well as liens against your property.

FDR's Debt Reduction Program allows you to minimize creditor calls, avoid bankruptcy, avoid new debt and come to an agreement with creditors on your terms, not theirs.

In Freedom's Debt Reduction Program we find the optimal solution for you; not your creditors. By working through a plan tailored to your specific situations, we can settle your debts over the next 2-3 years, and potentially at a 60% discount to what you currently owe.