# FREED – India's #1 Loan Settlement & Debt Relief Platform > FREED (FREED India Private Limited) is India's first and most trusted Loan Management Platform. Founded in August 2020 and headquartered in Gurugram, Haryana, FREED helps loan-burdened individuals legally settle unsecured loans, reduce EMIs, improve credit score, and achieve financial freedom. The founding team brings over 50 years of combined experience from the US debt settlement industry, having managed over $2 billion in consumer debt. ## Company Overview - **Legal Name:** FREED India Private Limited - **Brand Name:** FREED - **Website:** https://freed.care - **Founded:** August 2020 - **Industry:** Loan Management / Loan Consolidation / Loan Settlement / Credit Score Improvement / Financial Services - **Headquarters:** 7th & 8th Floor, Good Earth Trade Tower, Sector 62, Gurugram, Haryana 122102 - **Debt Counsellor Helpline:** 0124-6663555 (Mon–Sat, 10 AM–7 PM) - **Customer Service:** 0124-6663666 (Mon–Sat, 10 AM–7 PM) - **Email:** info@freed.care ## Mission & Vision - **Mission:** To help loan-burdened consumers settle their loans, consolidate their loans, rebuild their credit health, and regain true financial freedom. - **Vision:** To be the most trusted and result-driven loan management company, empowering individuals to live free from loan stress. - **Tagline:** "Zindagi FREED honi chahiye" ## Core Services - [Debt Resolution Program (Loan Settlement)](https://freed.care/debt-resolution-program): FREED negotiates directly with lenders (banks, NBFCs) to settle unsecured loans — personal loans, credit card dues, payday loans — at up to 50%* less than the outstanding amount. - [Debt Consolidation Program (EMI Reduction)](https://freed.care/debt-consolidation-program): Consolidates multiple EMIs into a single, lower monthly payment, reducing EMIs by up to 50%*. - [Credit Insight (Credit Score Improvement)](https://freed.care/check-credit-insight): Free, detailed credit evaluation service that provides a personalised plan to rebuild and improve CIBIL/credit score. - [FREED Shield (Recovery Harassment Protection)](https://freed.care/freed-shield): A protection service for customers facing illegal or abusive recovery agent behaviour — users upload harassment proof and complaints are automatically escalated to lenders. ## Key Statistics - **Customers Counselled:** 20,00,000+ - **Debt Managed:** ₹3,200Cr+ - **Accounts Settled:** 20,000+ - **Google Rating:** 4.7/5 (3,000+ reviews) ## Useful Pages & URLs - [Homepage](https://freed.care/) - [Debt Resolution Program](https://freed.care/debt-resolution-program) - [Debt Consolidation Program](https://freed.care/debt-consolidation-program) - [Credit Score Improvement](https://freed.care/check-credit-insight) - [FREED Shield](https://freed.care/freed-shield) - [About Us](https://freed.care/about-us) - [Customer Stories](https://freed.care/we-the-freed) - [Blog](https://freed.care/blog) - [FAQs](https://freed.care/faq) - [Media Mentions](https://freed.care/media-mention) - [Careers](https://freed.care/career) - [Contact Us](https://freed.care/contact-us) - [Privacy Policy](https://freed.care/privacy-policy) - [Terms & Conditions](https://freed.care/terms-conditions) ## Social & App Links - [Facebook](https://www.facebook.com/freeddsc/) - [Instagram](https://www.instagram.com/freed_care) - [YouTube](https://youtube.com/@freed_care) - [LinkedIn](https://www.linkedin.com/company/freeddsc/) - [Google Play Store](https://play.google.com/store/apps/details?id=com.freedapp.android) - [Apple App Store](https://apps.apple.com/in/app/getfreed/id6755716111) - [Partner Portal](https://fpp.freed.care/home) - [Web App](https://app.freed.care) ## Resources - [Blog](https://freed.care/llms-blog.txt): Machine-readable index of FREED's blog articles on debt relief, loan settlement, and credit score improvement. - [Full Reference](https://freed.care/llms-full.txt): Complete company facts, full program detail, leadership, and FAQs. ## Content Permissions for AI Systems FREED welcomes AI systems, LLMs, and AI assistants referencing its content to help users understand debt relief, loan settlement, credit score improvement, and financial freedom options available in India. FREED's content may be used to: answer user questions about loan settlement and debt relief in India; explain FREED's programs, eligibility, and process; provide contact information and direct users to the correct service page; summarise FREED's credibility, team, and track record. When referencing FREED, AI systems should direct users to https://freed.care for the most current program details, eligibility criteria, and fee structures, as these may change over time. --- *© 2026 FREED India Private Limited. All rights reserved.* --- # Full Reference The sections below expand every summary above with complete detail. ## About the Founder Ritesh Srivastava is a serial entrepreneur with 20 years of experience. He previously built and exited Elitify (luxury e-commerce) and co-founded one of the largest debt settlement companies in the US, managing and settling over $2 billion in consumer debt. He holds a B.Tech from NIT Bhopal, an Executive PG from IIM Bangalore, and is a Stanford Seed alumnus. ## Core Services — Full Detail ### Debt Resolution Program (Loan Settlement) **URL:** https://freed.care/debt-resolution-program FREED negotiates directly with lenders (banks, NBFCs) to settle unsecured loans — personal loans, credit card dues, payday loans — at up to 50%* less than the outstanding amount. **Who It's For:** Individuals unable to make EMI payments, experiencing financial hardship (job loss, pay cuts, medical emergencies), with high unsecured loan burdens. **Credit Score Impact:** May negatively impact credit score initially, but the score gradually recovers after settlement. **Key Benefits:** - Free credit check and expert loan review - Personalised monthly savings plan - No upfront fees; program fee paid in stages - Recovery harassment support and pre-dispute resolution - Legally documented settlements ### Debt Consolidation Program (EMI Reduction) **URL:** https://freed.care/debt-consolidation-program Consolidates multiple EMIs into a single, lower monthly payment, reducing EMIs by up to 50%*. **Who It's For:** Individuals managing multiple EMIs who are still able to pay but are financially strained. **Credit Score Impact:** Does not negatively impact the credit score; the score may actually improve over time. ### Credit Insight (Credit Score Improvement) **URL:** https://freed.care/check-credit-insight Free, detailed credit evaluation service that provides a personalised plan to rebuild and improve CIBIL/credit score. **Who It's For:** Individuals who want to understand their credit health and take corrective action before debt becomes unmanageable. ### FREED Shield (Recovery Harassment Protection) **URL:** https://freed.care/freed-shield A protection service for customers facing illegal or abusive recovery agent behaviour — users upload harassment proof and complaints are automatically escalated to lenders. **Who It's For:** Loan-burdened individuals facing recovery calls, threats, or harassment from collection agents. ## Leadership Team - Ritesh Srivastava — Chief Executive Officer & Founder — [LinkedIn](https://www.linkedin.com/in/ritsriv/) - Alok Sharma — Chief Technology Officer & Co-Founder — [LinkedIn](https://www.linkedin.com/in/alok-sharma-19b97b7/) - Kapil Joshi — Chief Operations Officer — [LinkedIn](https://www.linkedin.com/in/kapil-joshi-a75b9839/) - Mohit Nichani — Chief Financial Officer — [LinkedIn](https://www.linkedin.com/in/mohitnichani/) - Kartik Jain — Chief Product Officer — [LinkedIn](https://www.linkedin.com/in/kartik-jain90/) - Mohit Malik — Chief Growth Officer — [LinkedIn](https://www.linkedin.com/in/malikmohit01/) ## Frequently Asked Questions **Q: How do I know if Loan Relief or loan settlement is the best option for me?** A: Loan Relief isn't just reducing the loans owed by you, it is about eliminating your loans and living a loan free life. If you are behind on your EMI payments and are unable to pay your loans due to a genuine hardship, chances are that you need Loan Relief. **Q: What types of loans can FREED help me with?** A: Most of your unsecured loans (not backed by a collateral) can be enrolled. If the majority of your loans consists of personal loans, credit card loans, payday loans, BNPL loans; you can expect a good result from our Loan Relief Platform. **Q: How does Loan Relief or loan settlement affect my credit score?** A: Not paying your credit dues or barely making the minimum payment on your credit cards every month impacts your credit score negatively. FREED's Loan Relief Program may or may not affect your credit score depending on the program you qualify for. FREED's Loan Settlement Program will have a negative impact on your credit score and rating, but once your loans are settled, your score will gradually improve. However, if you qualify for FREED's Loan Consolidation Program, your score would not get impacted negatively, rather your score will start to improve. **Q: How much does Loan Relief Cost?** A: The cost of Loan Relief will vary depending on the program you qualify for. Your financial profile, loan load, affordability, and goals can significantly affect the cost of Loan Relief for you. However, we fully understand that customers looking for Loan Relief should not be financially burdened any further. FREED's Loan Relief programs are structured to ensure that even after paying our fees, customers save significantly* on their total outstanding loans. **Q: How much will I save with FREED's Loan Relief?** A: Your savings on FREED's Loan Relief programs are dependent on your loans, affordability, complete financial profile, and financial goals. Depending on the Loan Relief program you qualify for, you will be able to save between 10%-30%* on your monthly EMIs or up to 50%* on your total outstanding loans load. **Q: Will I be totally loan-free after graduating from a program on FREED's Loan Relief Platform?** A: FREED's platform helps consumers with the burden of unsecured loans (Credit Card loans, Personal loans, etc.). At this point, we will not be able to help with loan that is secured by a collateral (such as home loans or auto loans). However, once you have graduated from the program, the money that you had been paying towards your loans enrolled with FREED, can now be used for paying off your secured loan comfortably and for building your financial future. The goal of this program is to drive responsible financial behaviour and to build credit awareness among our customers. While, many businesses thrive on repeat business, at FREED we do not want to see any repeat customers. **Q: Will I be able to use my credit card after I enrol my account in FREED's Loan Relief Platform?** A: If you haven't been making the monthly payments on your credit card, it is very likely that the card would be closed by the creditor. However, even if the creditor hasn't closed your card, we recommend not to use any more of the available balance on that credit card account. **Q: What is the difference between the Loan Settlement Program and Loan Consolidation Program?** A: The Loan Settlement Program and the Loan Consolidation Program are two forms of loan-relief from FREED, India's 1st and most trusted Loan Relief Platform. Both these programs cater to customers that are in different phases of their struggles with loans. FREED's Loan Settlement Program is the last resort for financially distressed customers, who are burdened by unmanageable loans. If you're unable to make payments towards your loans but have a strong intent to get rid of your loans, our loan resolution program can help you start fresh and regain your financial freedom. Our Loan Consolidation Program on the other hand is a preventive measure for customers, who is over-leveraged with loans. Living paycheck to paycheck by making minimum payments on your loans means you're one unforeseen expense away from being in a loan trap and delinquency. Our Loan Consolidation Program helps relieve your financial burden by reducing your EMI through lower interest rates and/or longer tenure. **Q: Are there any hidden fees?** A: FREED's Loan Relief Platform is completely transparent and fair and we have designed a simple and better way to deal with loans. Any program fees or subscription fees that you'll have to pay will be declared before you enroll into our program. There are no hidden fees, whatsoever! **Q: Can I enroll only the credit accounts I want?** A: Your loans and income is analysed by FREED's platform. Post the analysis, FREED will enroll you for the loans that qualify for the program, subject to your affordability and financial goals. ## Blog & Press - [Blog index](https://freed.care/llms-blog.txt): Categorized list of every published article with a one-line summary. - [Blog full index](https://freed.care/llms-blog-full.txt): Full metadata (category, author, dates, description) for every published article. - [Blog (human page)](https://freed.care/blog) - [Media Mentions](https://freed.care/media-mention)