![]() Freedom Plus Personal Loans, on the other hand, is not a legitimate lender. FreedomPlus is an online lender that offers personal loans from $7,500 to $50,000 with a fixed interest rate and no prepayment penalty. ![]() Is It FreedomPlus or Freedom Plus Personal Loans?įreedomPlus and Freedom Plus Personal Loans are two separate lenders. However, personal loans can also have high-interest rates, origination fees, and prepayment penalties. The benefits of personal loans include quick access to funds, fixed interest rates, and predictable monthly payments. Unsecured loans do not require collateral but may have higher interest rates. Secured loans require collateral, such as a car or a house, to secure the loan. There are two types of personal loans: secured and unsecured. Personal loans can be offered by banks, credit unions, and online lenders. The lender will assess your creditworthiness, income, and other factors to determine your eligibility and interest rate. All rights reserved.A personal loan is an unsecured loan that you can use for any purpose. By proceeding, you acknowledge that you may be contacted by one or more representatives of Freedom to discuss options. However, negotiated results FDR obtains on your behalf resolve the entire account, including all accrued fees and interest. The use of FDR's services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. Read and understand all program materials prior to enrollment. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. FDR's service is not available in all states, including New Jersey, and its fees may vary from state to state. Nor will it assume your debts, make monthly payments to creditors or provide tax, accounting, legal advise or services. FDR does not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Not all clients are able to complete their program for various reasons, including their ability to save sufficient funds. All estimates for FDR's services are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Business hours are Monday-Friday 6am-8pm MST, and Saturday-Sunday 7am-4pm MST.įreedom Financial Network, LLC, offers various financial products and services through its wholly owned subsidiary, FDR, and affiliates (collectively, "Freedom)"), which may be provided by Freedom or other unaffiliated third parties. † Funding time periods are estimates and can vary for each loan request Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Average interest savings for personal loans range from 0% - 6% based on closed loans that qualified for one or more of our rate discounts in July 2022. Adding a co-borrower with sufficient income using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly or showing proof of sufficient retirement savings, could help you also qualify for a lower rate. Loan origination fees vary from 1.99% to 6.99%. To qualify for a 7.99% APR loan, a borrower will need excellent credit, a loan amount of $12,000.00 or less, and a term of 24 months. For example: A four-year $20,000 loan with an APR of 18.34% would have an estimated monthly payment of $561.60 and total cost of $26,956.80. Repayment periods range from 24 to 60 months. APRs range from 7.99 to 35.99% and include applicable origination fees. Loan amounts generally range from $5,000 to $50,000 (including the origination fee) and are offered based on underwriting conditions and loan purpose. ![]() Minimum loan amounts vary due to state specific legal restrictions. Loans are not available to residents of all states. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or Pathward, N.A., Equal Housing Lenders and may not be available in all states.
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