What is the FreedomQuest Debt Management Program?

The FreedomQuest Debt Management Program is a debt consolidation program that combines your unsecured debts, such as credit cards and medical bills, into one monthly payment. A credit counseling service, such as Consolidated Credit Counseling Services, sends this payment to your creditors under improved terms. It can take anywhere from 36 to 60 months to pay off your debts on the FreedomQuest Debt Management Program, which is faster than if you tried to pay off your debts on your own.

 

Who Should Consider the FreedomQuest Debt Management Program?

Debt consolidation programs work well for consumers who are carrying a high debt load and having trouble managing their debts. Ask yourself these questions before considering the FreedomQuest Debt Management Program:

  • Are you close to maxing out your credit cards?
  • Are you having trouble making your monthly payment?
  • Do your creditors constantly charge you over-the-limit or late fees?
  • Do you have high interest rates?
  • Do you have to borrow money from friends and family to pay your bills?

If you answered yes to any of these questions, you should consider joining the FreedomQuest Debt Management Program by calling 1-800-320-9929. A certified credit counselor from Consolidated Credit Counseling Services will provide you a free debt consultation and advise you whether or not a debt consolidation program would best fit your financial situation, and what other options you may have.

What is not Debt Consolidation?

The FreedomQuest Debt Management Program is not a debt consolidation loan. You will not be asked to put your house at risk to pay off your unsecured debts.  Consolidated Credit’s counselors will work with your creditors to reduce your interest rates, but they can’t eliminate the unsecured debt you’ve already accrued. Debt settlement programs claim to eliminate or reduce the amount of debt you have to pay. However, they have serious effects on your credit rating and can result in your creditors taking you to court.

Know the facts on debt consolidation loans and debt settlement programs before considering either one of these solutions.