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Is the Freedom Debt Relief Program the same as a debt consolidation loan?

April 26, 2017debt consolidation debt relief Freedom loan program

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Is the Freedom Debt Relief Program the same as a debt consolidation loan?

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No. The Freedom Debt Relief Program is not a loan. It is a process that helps you pay off unsecured debt through negotiated settlement agreements with your creditors using money that you contribute monthly to a special client savings account. A Debt consolidation loan does not resolve debt; it simply transfers it from one place to another, often exchanging unsecured debt for secured debt. (See Debt Relief Options/Debt Consolidation for more details).