Frequently asked questions

Loan relief isn’t just reducing the loan owed by you, it is about eliminating your loan and living a loan free life. If you are living paycheck to paycheck because of the loan that you owe or if you are already behind on your monthly payments, chances are that you need loan relief.

Most of your unsecured debts (without collateral) can be enrolled. If the majority of your debt load consists of personal loans, credit card debts, consumer loans, payday loans, peer-to-peer loans, BNPL loans, and education loans; you can expect a good outcome from FREED's Loan Settlement Program.

Yes, the Debt Resolution Program will negatively impact your credit in the short term, but your credit score starts to improve once you have completed the program and are debt-free. If you are already behind on your payments, chances are that your credit score and rating has already taken a hit.

You only pay FREED when the settlement for an account is completed. If FREED cannot settle a creditor's account for you, you will not be charged for it.

At FREED, our goal is to negotiate significant reductions on the total amount you owe, even after interest and fees. Most clients save significantly on their enrolled debts upon completing the program.

FREED can assist with personal loans, credit card debts, consumer loans, payday loans, P2P loans, and BNPL accounts.

Credit scores tend to improve quickly once the Loan Settlement Program has been completed. By engaging in good credit behavior, anyone's credit score can recover over time.

FREED charges a fee only upon successful settlement of your enrolled accounts, ensuring a risk-free approach to debt resolution.

Unsecured personal loans, credit cards, BNPL, and payday loans are eligible for FREED's Loan Settlement program.

Settling your debts eliminates high outstanding balances, laying the foundation to rebuild a healthier credit profile.