Freedom Debt Relief and National Debt Relief both offer debt settlement services with similar fees and many other commonalities. Which one you choose ultimately comes down to how much you owe, where you can get the best deal and where you live.
Freedom Debt Relief |
National Debt Relief |
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| Finder score | ||
| Services | Debt settlement service, credit counseling, debt consolidation, bankruptcy evaluation | Debt negotiation and settlements |
| Accreditations | AADR, IAPDA, BBB, Financial Health Network member | AADR, IAPDA, BBB |
| Fees | 15% to 25% of enrolled debt | Up to 25% |
| Minimum debt | $7,500 | $7,500 |
| Turnaround Time | Varies by lender | 24 to 48 months |
| Requirements | Must have at least $7,500 in unsecured debt, have a hardship is preventing the ability to pay creditors, and live in a serviced state. | Must have a legitimate financial hardship which is preventing the ability to pay creditors and a minimum of $7,500 in debt. |
| Available states | Not available in: Colorado, Hawaii, Iowa, North Dakota, Oregon, Rhode Island, Vermont, Washington, West Virginia, Wyoming | Available in: Alaska, Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Idaho, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Washington |
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While both providers can help you settle your debts for less than you owe, Freedom Debt Relief is offered in more states (40 states versus National Debt Relief’s 31), so it’s more broadly available. It may also be slightly less expensive, with rates starting at 15%, although fees can vary by state.
However, there are a few states where you’ll only find one or the other, and the time range to get out of debt may also play a role in which one is the better fit.
Here are a few reasons you may want to pick Freedom Debt Relief:
National Debt Relief might be a better choice in these scenarios:
Ultimately, these two providers are more alike than not. They offer the same services, and depending on where you live, the rates may be comparable as well. They’re also both highly rated on the Better Business Bureau (BBB) and Trustpilot, and they’re accredited by the same organizations.
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
You may also want to consider these alternatives.
Cordoba Legal Group is a law firm that negotiates unsecured debt settlements, but doesn’t publish its fees.
MMI is a nonprofit alternative to for-profit debt settlement, with two plans and no debt minimum.
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A review of Five Lakes Law Group, a debt settlement law firm.
This service claims to significantly reduce your debt in just three years but has a spotty online presence.
Struggling with debt? Find out how this nonprofit can help you get back on track.
Make sure you vet whatever debt relief company you’re matched with.
