Freedom debt consolidation reviews8/26/2023 ![]() The site also provides free calculators and resources about debt settlement, although there’s no live chat. ![]() This company’s website offers a client dashboard, allowing you to monitor your progress 24/7. The service takes an average 24 to 48 months to settle the debt. The cost ranges from 15% to 25% of the total enrolled debt, but National Debt Relief states the approximate fee for its users is 21%. National Debt Relief, unlike some of its competitors, is relatively transparent about its fees. In business for more than a decade, the company has settled more than $1 billion in unsecured debt. It gets an A+ from the Better Business Bureau and 4.7 out of 5 stars on Trustpilot. Some monitoring and alerts may not be available to you if the information you enter at enrollment does not match the information in your credit file at (or you do not have a file at) one or more consumer reporting agencies.ĬreditWise Alerts are based on changes to your TransUnion and Experian® credit reports and information we find on the dark web.Customers of National Debt Relief seem to be very satisfied with its services. The availability of the CreditWise tool depends on our ability to obtain your credit history from TransUnion. Your CreditWise score is a good measure of your overall credit health, but it is not likely to be the same score used by creditors. ![]() Your CreditWise score is calculated using the TransUnion® VantageScore® 3.0 model, which is one of many credit scoring models. The third parties listed are solely responsible for their products and services, and all trademarks listed are the property of their respective owners. For specific advice about your unique circumstances, consider talking with a qualified professional.Ĭapital One does not provide, endorse or guarantee any third-party product, service, information, or recommendation listed above. Our content is not intended to provide legal, investment or financial advice or to indicate that a particular Capital One product or service is available or right for you. But the CFPB says a reputable company should provide free information about its services. By negotiating extensions to repay loans and asking creditors to lower interest rates and waive fees, counselors may be able to lower overall monthly payments-not necessarily the total owed, though.Įven though credit counseling companies are usually nonprofit organizations, they still may charge fees to handle debt management plans and other services. Debt management plansĪccording to the CFPB, debt management plans involve making a single payment through a credit counselor who then makes monthly payments to creditors. ![]() The National Foundation for Credit Counseling and the Financial Counseling Association of America are two resources for finding reputable services. ![]()
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