If you’re struggling with debt, you may be considering Pacific Debt Relief or Freedom Debt Relief. Both companies offer debt relief services, but they are quite different. So, which is the right option for you? In this article, we will compare Pacific Debt and Freedom Debt Relief, so that you can make an informed decision.
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
Pacific Debt Relief is a debt settlement company. That means they will negotiate with your creditors to try to get them to agree to accept less than the full amount you owe. Freedom Debt Relief, on the other hand, is a debt management company. They will work with you to create a repayment plan that fits your budget, and then they will make payments to your creditors on your behalf.
Both Pacific Debt Relief and Freedom Debt Relief have their pros and cons. Pacific Debt may be able to get you a lower settlement than you could achieve on your own, but it will also likely take longer – sometimes up to 36 months. And, of course, there’s no guarantee that your creditors will agree to settle for less than what you owe. Freedom Debt Relief’s repayment plans are typically shorter – usually 24 to 48 months – but your monthly payments will be higher.
The best option for you depends on your individual circumstances. If you have the time and patience to wait for Pacific Debt to negotiate with your creditors, it could be a good option for you. But if you need help creating a budget and making payments on time, Freedom Debt Relief may be a better choice.
Both offer free consultations, so if you’re not sure which is right for you, why not give them both a call and see what they have to say?
Pacific Debt vs Freedom Debt Relief: Facts
Pacific Debt is a debt settlement company that has been in business since 2002. Freedom Debt Relief is a debt settlement company that has been in business since 2006.
Both companies are accredited by the Better Business Bureau (BBB) and have received high marks from customers. However, there are some differences between the two companies that may make one or the other a better choice for you.
Pacific Debt offers a free consultation to evaluate your situation and give you an estimate of how much they can save you. Freedom also offers a free consultation, but they do not give you an estimate of savings until after you sign up with them.
Pacific Debt charges a fee of 15% of your total enrolled debt, while Freedom charges a fee of 20%. Pacific Debt Relief requires you to have $5000 in debt to qualify for their services, while Freedom Debt only requires $3000.
Pacific Debt has an A+ rating with the BBB and Freedom has an A rating. Pacific Debt is a member of the National Association of Consumer Bankruptcy Attorneys (NACBA), while Freedom is not.
Both companies are reputable and have high marks from customers and the BBB. However, Pacific Debt may be a better choice if you are looking for a lower fee, or if you have less debt. Freedom may be a better choice if you do not mind paying a higher fee or if you need to enroll in debt that is less than $5000.
Pacific Debt:
- Has been in business since 2002
- Offers a free consultation
- Charges a fee of 15%
- Requires you to have $5000 in debt
- Has an A+ rating with the BBB
- Is a member of the National Association of Consumer Bankruptcy Attorneys (NACBA)
Freedom Debt Relief:
- Has been in business since 2006
- Offers a free consultation
- Does not give you an estimate of savings until after you sign up with them
- Charges a fee of 20%
- Only requires $3000
- Has an A rating
- Is not a member of the National Association of Consumer Bankruptcy Attorneys (NACBA)
Which company is cheaper?
Noth companies help with debt relief. They both have their pros and cons, but which one is cheaper?
Pacific Debt has a higher success rate than Freedom, but they also have a higher minimum debt amount. This means that if you have a smaller amount of debt, Pacific Debt may not be the best option for you.
Freedom Debt has a lower success rate than Pacific Debt, but they also have a lower minimum debt amount. This means that if you have a smaller amount of debt, Freedom may be the better option for you.
So, which company is cheaper Pacific Debt or Freedom?
It depends on your individual situation. Pacific Debt charges a fee of 15% of your total enrolled debt, while Freedom charges a fee of 20%. Pacific Debt requires you to have $5000 in debt to qualify for their services, while Freedom Debt Relief only requires $3000. Pacific Debt also offers a money-back guarantee if they are unable to settle your debts within 24 months. Freedom does not offer this guarantee.
Pacific Debt:
- Higher success rate
- Higher minimum debt amount
Freedom Debt Relief:
- Lower success rate
- Lower minimum debt amount
Which company has a higher success rate?
Pacific Debt has a higher success rate with its clients. They have been in business since 2002 and have settled over $250 million in debt for their clients. Freedom Debt has been in business since 2006 and has settled over $150 million in debt for its clients. Pacific Debt also offers a money-back guarantee if they are unable to settle your debt within 24 months. Freedom Debt does not offer this guarantee.
When it comes to choosing a debt relief company, it is important to compare all of the options available to you. Pacific Debt and Freedom are both reputable companies that can help you get out of debt. However, Pacific Debt has a higher success rate and offers a money-back guarantee, making it the better choice for most people.
Which company has better reviews Pacific Debt or Freedom Debt Relief?
Pacific Debt has a four-star rating on Consumer Affairs, with reviewers citing the company’s effective negotiation tactics and good customer service. Freedom Debt has a three-star rating on Consumer Affairs, with reviewers praising the company’s ability to reduce or eliminate debt but criticizing its high fees.
When choosing a debt relief company, it’s important to compare reviews and ratings from multiple sources. In this case, Pacific Debt comes out ahead in terms of customer satisfaction. However, you should also consider other factors such as fees before making a decision.
Which has more complaints Pacific Debt or Freedom Debt Relief?
We decided to compare the two companies by looking at their Better Business Bureau (BBB) profiles. Freedom Debt Relief has been accredited by the BBB since 2021 and Pacific Debt has been accredited since 2010.
Freedom has a total of 401 complaints closed in the last three years, with 112 closed in the last 12 months. Pacific Debt has a total of 4 complaints closed in the last three years, with 1 closed in the last 12 months.
So it looks like Pacific Debt has fewer complaints than Freedom Debt Relief. If you’re looking for a debt relief company, Pacific Debt might be a good option.
Pacific Debt vs Freedom Debt Relief: Which is better?
If you’re struggling with debt, you may be considering working with a debt relief company. They are two of the most popular companies in this industry. But which one is better?
Here’s a comparison:
- Pacific Debt has a higher success rate than Freedom.
- Pacific Debt offers lower fees than Freedom.
- Pacific Debt has more experience than Freedom.
Overall, Pacific Debt is the better choice if you’re looking for a debt relief company to work with. They have a higher success rate, lower fees, and more experience than Freedom Debt Relief. If you’re serious about getting out of debt, Pacific Debt is the way to go.
Do you have experience with either Pacific Debt or Freedom Debt Relief? Let us know in the comments below. And if you’re looking for more information on debt relief, check out our other blog posts. Thanks for reading!
