What does FREEDOMFIN mean on my credit report?
Learn about FREEDOMFIN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FREEDOMFIN?
FREEDOMFIN is shorthand for Freedom Financial LLC, with the company name being Freedom Financial LLC Inc
Either you are uncertain about what you want or you aren’t giving the situation its full attention; perhaps something like this happens-you fail to make up your mind.
FREEDOMFIN is a Creditor provider. They could be on your report for a number of reasons, for example:
-
⚫ You missed a repayment.
-
⚫ You opened an account with Freedom Financial LLC.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for Freedom Financial LLC:
Address:
- 1365 La Culebra Cir Camarillo, CA 93012
Website:
Email:
Phone:
Payments
Freedom Debt Relief and Consolidation Plus are companies that help consumers pay off their debts and improve their credit. They do not provide monthly payment plans, payment refunds, automatic payment discounts, or other payment options such as using a check or money order. Payments can be made online. There are no penalties for late or missed payments. Prepaid debit cards are not accepted for payment.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, you must make 120 qualifying payments.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | Yes |
How to Apply
All of the services- Freedom Plus, Consolidation Plus, and Freedom Debt Relief- offer online and mobile applications. You cannot apply for any of the loans over the phone or in person. Two of the options, Freedom Debt Relief and Consolidation Plus, allow for a cosigner on the loan application.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | No |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove FREEDOMFIN from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.
