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Freedom DR | 2024 Review

Freedom DR has over 20 years of experience in helping people lower the total amount of their debt. Its representatives work directly with creditors, negotiating and lowering debt totals. The company’s easy to understand plan has helped over 850,000 people lower their various unsecured debts, including debt from credit cards, medical bills, personal loans, or other sources.

Visit Freedom DR ➜

at Freedom Financial Network


  • “Good credit” not required for eligibility
  • Recommended unsecured debt starting at $20,000
  • A+ rating from the Better Business Bureau (BBB)
  • Legal Partner Network services included

What is Freedom DR?

Millions of Americans struggle with some form of debt; your average person has at least $5,000 in credit card debt. While it can be difficult to get rid of it all on your own, Freedom DR works to lower its customers’ financial burden. With its team of trained negotiators and valuable industry connections, the Freedom DR program helps people have a better chance at lowering their debt totals.

Freedom DR has racked up an impressive list of positive reviews in its 20 years of operation. The BBB rated Freedom DR an A+, accrediting the business back in 2021. Trustpilot awarded Freedom DR a 4.5/5, with over 36,850 positive reviews sourced from customers.

How Does Freedom DR Work?

Freedom DR uses a traditional debt settlement strategy: a team of negotiators works on a customer’s behalf, negotiating directly with the customer’s creditors to lower their debt total.

Even taking into account service fees, Freedom’s debt consolidation program could still save you money.

Freedom’s Debt Settlement Program

Freedom DR’s primary goal is to lower the total amount of debt you owe by negotiating directly with your creditors. If you have multiple creditors, your representatives will tackle one negotiation at a time. Once a negotiation’s terms are settled, Freedom DR asks you to approve the new settlement before officially closing the deal with your creditors.

Let’s break down Freedom DR’s settlement process, step-by-step:

1. Free Debt Evaluation

After confirming that you qualify, a Freedom DR representative will speak with you about the details of the program. You’ll then chat about what your personal debt consolidation path might look like, such as how much you’ll need to deposit each month, what your fees will look like, and more.

2. Disclosures and Agreement

Before signing a Debt Resolution Agreement (i.e. the contract between you and Freedom), your Freedom DR representative will cover a variety of disclosures. You’ll discuss topics such as credit impact, legal action, tax implications, among others.

3. Account Savings

Once you’ve reached and signed an agreement, you’ll follow the advice of your Freedom DR representative and start despositing into a Dedicated Account each month. During the remainder of the debt settlement program, you typically suspend payments toward your current debts, which may result in a hit to your credit score.

4. Negotiations

Your representatives begin negotiating with your creditors on your behalf. You can monitor the progress of negotiations on your customized Freedom DR customer portal.

5. Settlement and Confirmation

Once your Freedom DR representatives reach a settlement amount with a creditor, your representatives will ask for your permission to authorize the settlement.

6. Evaluate and Pay Fees

After you authorize a settlement and teh first payments has been made, Freedom DR will charge you a percentage of the enrolled debt amount.

7. Repeat

If you have debts with multiple creditors, steps 3, 4, and 5 will be repeated for each of them, until all of your enrolled debts are settled and resolved.

Debt Settlement at a Glance

  • Minimum Debt Requirement
    • $3,500
  • Average Customer Debt
    • $26,475
  • Fees
    • 15%–25% of enrolled debt
  • Time frame
    • As little as 24–48 months

How Much Does Freedom DR Cost?

From the start, there’s some good news: you’ll only be charged fees if Freedom DR is successful. As with all debt consolidation companies, Freedom DR cannot charge you until they have successfully negotiated a lower settlement amount, after you authorize and the first payment has been made.

Once a debt amount is lowered, Freedom DR will charge you between 15% and 25% of your enrolled debt.

To give an example, let’s say one your enrolled debts is $10,000 in unsecured debt. Freedom DR’s negotiators could help you reduce that total amount owed. As your representative successfully lowered your total, they charge you 20% of $10,000, or $2,000. Even with the fees FDR charges and with the remaining debt after negotiation, you could potentially pay less to creditors than what you originally owed.

How to Qualify for Freedom DR

For starters, Freedom DR customers must live in one of the 32 states where Freedom DR operates. To see if you’re in the right state, we recommend you contact Freedom DR either by phone or through Freedom's website.

Secondly, you need a minimum total debt of $3,500 to qualify. Also note that Freedom DR can only help unsecured debt, meaning debts that are not backed by some kind of collateral. Credit card debts, medical bills, and personal loans are the most common types of unsecured debt.

Freedom DR representatives may consider additional factors during the screening process. The best way to see if you qualify for support from Freedom DR is to contact a representative directly.

Final Thoughts

With an A+ rating from the BBB and 20 years of experience, we’re confident in recommending Freedom DR for anyone looking to reduce their unsecured debt. We especially recommend Freedom DR to readers with only one or two creditors, as these debts are more likely to be resolved quickly and affect credit scores less.

Visit Freedom DR ➜

at Freedom Financial Network

Still want to shop around? Explore more debt consolidation options here with competitive rates and with high reviews.