Freedom Debt Relief

Financial ServicesUnited States1001-5000 Employees

Freedom Debt Relief, LLC is the largest debt settlement company in the United States, specializing in helping consumers resolve unsecured debt, particularly credit card debt. Founded in 2002 and based in San Mateo, California, the company has served over one million clients and resolved more than $20 billion in debt.

Freedom Debt Relief negotiates with creditors to settle debts for less than the full amount owed.

The company offers a structured, customer-focused program aimed at financial relief and education. The company is accredited by the Better Business Bureau (BBB) with an A+ rating and is a founding member of the American Association for Debt Resolution (AADR), reflecting its commitment to ethical standards and consumer protection.

The origins and mission of Freedom Debt Relief:
Freedom Debt Relief was founded in 2002 in response to the growing need for consumer debt solutions following a major recession. Founders Bradford Stroh and Andrew Housser wanted to fill the void left by traditional financial institutions to provide Americans with an affordable debt relief option. The company’s mission is to help people overcome their debt burden, build savings and achieve long-term financial freedom through personalized solutions and education.

How the Freedom Debt Relief program works:
Freedom Debt Relief offers a structured, multi-step debt settlement program designed to help customers pay off unsecured debt - primarily credit card debt - without filing for bankruptcy. The process begins with a free, no-obligation debt assessment to evaluate the customer’s financial situation and recommend the best options. Once enrolled, the customer makes monthly payments into a special FDIC-insured account that they control. Once the money has accumulated, Freedom negotiators approach creditors to settle the debt for less than the full amount. Clients approve each settlement before payments are made from their account, and the process continues until all debts are settled.

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