Is Freedom Financial Network a Scam? – Truth Exposed! (2024)

Steadily climbing the stairs of finance services online from 2002, Freedom Financial Network, LLC has grown into what can be described as a Giant Leader in the world of finance in the United States. It may be safe to say that they are experts in providing financial solutions for their clients. But is Freedom Financial Network a scam or it can really help you overcome your debts?

Summary

Product Name: Freedom Financial Network

Official Website: https://www.freedomfinancialnetwork.com

Owner: Andrew Housser and Bradford Stronh

Type: Financial Service, Personal Loan

Cost to Join: Depends on the amount of the debt

Recommended? Yes

Overall Rating: 7 out of 10

>>>See My Top Rated Program (9.5 Out of 10) for Making Money Online Here <<<

Is Freedom Financial Network a Scam? – Truth Exposed! (1)

What Is Freedom Financial Network All About?

Freedom Financial Network, LLC. Is a conglomerate of companies that provides financial solutions in debt and other situations concerning finance. The company was started in 2002 and provides services for its clients including Tax resolutions, debt settlement and consolidation. Others include shopping for a mortgage, giving personal loans and tax resolutions. With over 1,000 employees, Freedom Financial Network has helped thousands of customers in settlement of the financial crisis and saved millions of dollars.

In addition, they are also in charge of Bills.com, a financial portal that gives tips and information to consumers on financial management provides tools for the management of debts and calculators to calculate the mortgage payment.

The mission of Freedom Financial Network is to create a future of financial freedom for the clients, employees and businesses surrounding it by providing education and solutions on finance to the clients.

The company was founded and headed by two Co-CEOs; Mr. Andrew Housser and Mr. Bradford G. Strots. The conglomerate has four companies as it subsidiaries of which three are offline. They include Freedom Debt Relief, Freedom Plus, Consolidation Plus and Bills.com.

>>> From 2013 I’ve Been Helping People Build Thriving Online Business.And I’m Ready to Help You Too – See How Here! <<<

Is Freedom Financial Network a Scam? – Truth Exposed! (2)

How Freedom Financial Network Works?

Freedom Financial Network as a parent company to different subsidiaries operates as a third party to its clients in debt settlement and gives financial tips.

  • Freedom Plus

Freedom Plus is the arm of Freedom Financial Network that deals in providing soft loans to its clients with a view to the settlement of debts. The interests attached to the loans are super competitive and the repayment plans are quite affordable. Since they are involved in the settlement of debts through giving loans, they offer discounts if they are convinced that over half of the loan is going into settlement of debts.

As usual, there are requirements that must be fulfilled before accessing the loan and when you do not fulfill the requirements; the loans can be applied for through a Consigner.

However, this service is found only in 36 states in the United States and it is advisable to ensure that you reside in any of the states or have a Consigner around you before applying.

  • Freedom Debt Relief

This arm of the Freedom Financial Network is directly involved with all sorts of issues concerning debt management, consolidation and settlement. They stand in for their clients to negotiate with the creditors in giving friendly conditions for the payment of the loans usually in a one-time payment of the loan in exchange for a reduced amount.

This company is a top player in the industry and has been recommended by many firms. The good thing about this company is that they usually accept debts that are not secured including Medical debts, credit card debts and other debts which are personal.

However, this offer is only available to 32 states in the United States and they do not really offer a guarantee that debt settlement works.

  • Bills.com

This is the part of Freedom Financial Network, LLC that is entirely online. It is the part that offers educational materials, tips and other reliable information in the world of finance. They are generally in personal, debt and mortgage finance, providing calculators to calculate personal finance and mortgage payment.

A major part of the interest on this website is the “Ask Bill” column, where potential clients and subscribers get answers to their personal finance questions.

  • Consolidation Plus

This arm of Freedom Financial is the company’s exclusive loan outreach where they deal especially in credit card debt.

The way they function is to act as a kind of representative in the form of debt consolidation and settlement to the client where they negotiate with the credit card company and negotiate to a one-time payment. Then, they discuss with the client and where the client is unable to pay, they offer loans.

However, this company operates on an invitational basis only and a client can access this service when contacted by a representative of the company.

Is There a Making Money Opporutnity With Freedom Financial Network?

Rewards are different in different companies. Some of them like Dollar Shave Club offer free items while some others prefer to rewards members with cash. Making money in the Freedom Financial Network group is easy when you work there. The company usually rewards loyal employees with cash benefits.

There are also unconfirmed reports that there is a referral plan by the company to reward clients who refer potential customers to the company. It is a big conglomerate after all and so, money rewards is not a problem.

How to Get Debt-Free Through Freedom Financial Network?

It’s not easy at all to have a debt-free situation and the path it pretty complicated, especially for people who are not familiar with the process but by using materials provided by FFN (Freedom Financial Network) you can go through the path of rescuing your financial life by yourself successfully.

The UE (User Experience) and transparency are two things you can really enjoy when you work with Freedom Financial Network and more than 150,000 people all around the world use different services provided by FFN like mortgage or solutions for their debt relief every month. This amount of members shows that it’s a trustworthy company and they don’t want to lose this reputation by offering low-quality services.

They’ve tried to be different than other similar companies that provide debt services and this uniqueness brought them awards over the past 10 years.

With the help of Freedom Financial Network, you don’t need to worry about your bills anymore and this company can definitely make you happy if you give it a chance.

>>><<<

Is Freedom Financial Network a Scam? – Truth Exposed! (3)

Freedom Financial Network – The Good, The Bad

There is no doubt that you can get many benefits from FFN but it does not mean that it’s free of drawbacks. Like any other company that provides financial services, Freedom Financial Network has its own good and the bad things.

In as much as the company provides great features to its clients, helping to ease the burden of their financial issues, there are a few setbacks in their products. So, let’s look at these advantages and disadvantages and see which side is heavier in this scale.

The Good,

  • Tons of Resources for consumers, clients and would-be Clients online: Freedom Financial Network websites contain tons of information that help customers to maintain a healthy financial statement. It’s very easy to see and track your financial situation by using tools of FFN. You don’t need any specific knowledge to be able to use provided tools and all people in any level of knowledge can take advantage of it.
  • Low-Interest Rates for Loans: the loans given by Freedom Financial have competitive rates and the repayment plans are well managed. Competitive rates of FreedomPlus allows you to pay less while you get the same standard level of financial service as other finance companies offer.
  • Cosigners: in the situation where it is not possible to fulfill the requirements for the loan, you can get a Cosigner to get the loan from them. There are some requirements which you need to meet to be to use FreedomPlus but unlike other financial services, if you can bring a cosigner who meets those requirements you have chance to get benefits of FreedomPlus even if you don’t meet all its requirements by yourself.
  • Good working conditions: the company has a good working schedule for its employees. The employees can choose their schedule as far as they are able to deliver their jobs effectively.

The Bad,

  • Customer reviews are not all positive: Freedom Financial Services as a whole get a high positive rating from the customers and other firms that use their services, but when it comes to their loans, there are mixed reviews especially negative ones from recipients especially on websites like the Better Business Bureau.
    We should separate services of FFN here to Freedom Debt Relief and FreedomPlus. What I’ve seen about Freedom Debt Relief shows that customers who used this service were satisfied with the result but when it comes to FreedomPlus financial experts of major reviewing sites like BBB or Trustpilot didn’t give it a high rating and it also got several negative points from its past customers.
  • Limited Availability: the number of states where the debt settlement can be accessed is low, only 32 states, only the personal loans are available in just two more states. Although there are some reports which show that they are working on this but at the time of writing this article, only residents of 3 states can use their personal loans and residents of a few other states of the United States can get benefits of other services of FFN.
  • Credit Card Debt Settlement is not available to all:the Consolidation Plus services are not available to all clients as they pick clients themselves. Even though the product they offer will be of benefit to all clients.
  • Amounts available for Loan is small: the loans offered by Freedom plus is set at a maximum of $35,000. Some clients may consider it too small. So $35k is the maximum amount you can borrow in the system and unfortunately, this is not good news for people who expected to get +$50k as loan in FreedomPlus.

Is Freedom Financial Network a Scam? – Truth Exposed! (4)

Final Word – Is Freedom Financial Network a Scam?

Freedom Financial Network, LLC. Is a highly certified company that is spread over in major areas in the United States. There have been concerns though about its authenticity of the business.

Conclsuion

The Freedom Financial Network is a major player in the world of finance that is very much involved in helping its clients overcome major financial challenges especially ones related to debts. The services they render save clients up to 35% of the total debts to pay and really handy for the clients.

In addition, they are helpful in other financial areas like mortgage, special projects like wedding, education and the rest. It is advisable however that you check out their products and services to be sure it will serve your purpose before proceeding to contact them.

Is Freedom Financial Network a Scam? – Truth Exposed! (5)

My Best Recommendation

If you’re serious about making money online and are willing to put time and effort behind aLegit & Reliableprogram to make a living from the internet,Here is My #1 Recommendation!

It’s my Top-Rated program with a trusted community of+1 Million Membersand here is why I highly recommend it:

  • It’s totallyFREE to join. No Hidden Cost at all!
  • You’ll haveBest Personal Coachesin ALL steps of your training.
  • You’ll learn how toBuild a Thriving Online Businessstep by step.
  • It’s a legit and honest way to make aFull-Time Incomeon the internet.

Is Freedom Financial Network a Scam? – Truth Exposed! (2024)

FAQs

Is Freedom financial reputable? ›

Customer complaints: Freedom has a B- rating at the Better Business Bureau and has received more than 350 customer complaints in the past three years, including complaints about problems with its service and issues with billing and collection.

Is freedom debt a scam? ›

Freedom Debt Relief has an A- rating with the Better Business Bureau. Freedom Debt Relief is accredited by the American Fair Credit Council and the International Association of Professional Debt Arbitrators. The Consumer Financial Protection Bureau received 81 complaints in 2021 about Freedom Debt Relief.

Does Freedom financial hurt your credit score? ›

Does the program lower my credit score?: The Freedom Debt Relief debt settlement program is not based on your credit score. However, since you stop making payments to your creditors, the program will negatively affect your credit score.

How do I know if a debt settlement company is legitimate? ›

7 Signs of a Debt Settlement Scam
  1. Robocalls. ...
  2. Exaggerated promises. ...
  3. Upfront fees. ...
  4. Questionable contact information. ...
  5. Nothing in writing. ...
  6. “Government” debt relief programs. ...
  7. Dictate to stop communicating with creditors.
Feb 11, 2022

Who owns Freedom financial? ›

Andrew Housser
BornAugust 9, 1973 Vancouver, Canada
OccupationBusinessman
Known forFreedom Financial Network Freedom Debt Relief Bills.com
1 more row

Is there a class action lawsuit against Freedom Debt Relief? ›

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today settled its lawsuit against Freedom Debt Relief, LLC, the nation's largest debt-settlement services provider. The company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty.

Who qualifies for Freedom Debt Relief? ›

Client Onboarding. To work with Freedom Debt Relief, you need to have at least $7,500 in unsecured debt, which can include credit card debt, medical bills, and other personal debts you have. You also need to be experiencing a "legitimate financial hardship," and it's actually helpful if you're behind on your bills.

Who is the best debt management company? ›

The 6 Best Debt Relief Companies of 2022
  • Best Overall: National Debt Relief.
  • Best for Debt Settlement: Accredited Debt Relief.
  • Best for Customer Satisfaction: New Era Debt Solutions.
  • Best Interactive Program: Freedom Debt Relief.
  • Best for Tax Debt Relief: CuraDebt.
  • Best for High-Interest Credit Card Debt: DMB Financial.

How much does freedom financial cost? ›

Freedom Debt Relief fees and terms

Once charged, their fees can vary depending on the state, but generally, they will be between 15 and 25 percent. Enrolling in the program could also impact your credit score negatively for the short term.

What credit score do you need for freedom? ›

You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn't enough to qualify for any credit card.

How can I get debt free without damaging my credit? ›

Let's look at a few options.
  1. Ask for Help from Family/Friends:
  2. Taking a Personal Loan to Cover the Debt:
  3. Take a Home Equity Loan.
  4. Balance Transfer Credit Card.
  5. Cash Out Auto Refinance.
  6. Retirement Account Loans.
  7. Using a Debt Management Plan with a Certified Credit Counseling Agency.

What hurts a credit score the most? ›

5 Things That May Hurt Your Credit Scores
  • Highlights:
  • Making a late payment.
  • Having a high debt to credit utilization ratio.
  • Applying for a lot of credit at once.
  • Closing a credit card account.
  • Stopping your credit-related activities for an extended period.

What credit score is needed for freedom PLUS loan? ›

What credit score is needed for a FreedomPlus loan? A minimum FICO score of 600 is required for FreedomPlus personal loan borrowers. The average FreedomPlus borrower, however, has a score of 700.

How much does financial freedom cost? ›

The Number: The spreadsheet assumes that financial freedom occurs when we've saved 25 times our annual spending. For example, for a family spending $75,000 a year, they would need to save 25 times this amount or $1,875,000 to achieve financial freedom. This is based on the well-known 4% withdrawal rate in retirement.

Who qualifies for Freedom Debt Relief? ›

Client Onboarding. To work with Freedom Debt Relief, you need to have at least $7,500 in unsecured debt, which can include credit card debt, medical bills, and other personal debts you have. You also need to be experiencing a "legitimate financial hardship," and it's actually helpful if you're behind on your bills.

Is Freedom bank a good bank? ›

Freedom Bank has an excellent Texas Ratio of 3.04%, indicating that the bank is in superb financial health and far from failure. Additionally, Freedom Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Top Articles
Latest Posts
Article information

Author: Kimberely Baumbach CPA

Last Updated:

Views: 6107

Rating: 4 / 5 (41 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Kimberely Baumbach CPA

Birthday: 1996-01-14

Address: 8381 Boyce Course, Imeldachester, ND 74681

Phone: +3571286597580

Job: Product Banking Analyst

Hobby: Cosplaying, Inline skating, Amateur radio, Baton twirling, Mountaineering, Flying, Archery

Introduction: My name is Kimberely Baumbach CPA, I am a gorgeous, bright, charming, encouraging, zealous, lively, good person who loves writing and wants to share my knowledge and understanding with you.