The goal of the program is to help consumers in getting out of debt in the fastest possible time without spending a lot of money on fees and other expenses. It also provides credit counseling once the debt concerns have been discussed. Other organizations tend to conduct 'secret dealings' with creditors and this is a situation that you should avoid.
When looking for a third party that can help you with your debt problems, you have to be sure that it is an independent institution and non profit as well. You need to conduct a significant background check to determine if past clients were satisfied with their services. One way to do this is by checking with Better Business Bureau.
You also need to be aware that some third party organizations are connected with creditors or lenders. Never work with a company that asks for very high upfront fees, even if they haven't performed anything yet. A reputable company collects fees after the job is done.
Among the solutions that you can expect from the program is debt consolidation and bankruptcy. Usually, the last option is bankruptcy since this will only have long term implications on your credit standing. If it's still possible to consolidate all your debts, the professional can evaluate your current financial situation.
In debt consolidation, your total debts can be repaid through a single loan with lower rate of interest. The interest is usually much lower that the previous interests charged on your loans and the monthly payments can be reduced as well. This, however, will depend on your creditor.
If you want to solve your debts, one option is the Freedom Debt Relief. There are still many other programs out there that may be of assistance to you and all you have to do is to conduct a bit of research. Now the options to solve your problems.
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