What Is FreedomPlus?
FreedomPlus is a personal lender for customized personal loans designed to fit customers’ unique needs and budget, while helping improve their financial outlook. While these loans can be used for a variety of purposes, FreedomPlus is specifically designed as a loan to consolidate and pay off unsecured debt.
How does FreedomPlus work?
FreedomPlus provides options to talk to a loan consultant or apply online. Their friendly team goes beyond your credit report to qualify you for a loan and identify potential rate discounts**. If approved and you agree to the interest rates FreedomPlus offers, you could qualify same day with funds sent in 24-72 hours.†
Like many personal lenders, FreedomPlus offers free, fast quotes. You can use the slider on their homepage and answer a quick questionnaire to see what you may qualify for. When you apply, a soft credit pull is done as part of the pre-qualification process. If you are pre-qualified and choose to proceed with an application, FreedomPlus will perform a hard pull on your credit score and provide you with a decision.
What FreedomPlus offers
FreedomPlus offers a range of loan options for individual borrowers, including help with tackling your credit card debt. You can submit an application with a loan purpose of “other,” but it’s best if you can choose a specific reason for taking a loan.
FreedomPlus Personal Loans
FreedomPlus offers the following personal loan products:
- Credit card refinancing
- Debt consolidation
- Home improvement
- Major purchase
- Wedding
- Travel/vacation
- Car/Auto Maintenance
- Medical expense
- Moving
- Miscellaneous “other” loans
Potential Rate Discounts Available
FreedomPlus offers potential rate discounts** with:
- A qualifying co-applicant
- Direct pay to creditors
- Retirement savings
FreedomPlus Fees and Costs
FreedomPlus charges transparent rates that are listed on their site. There are no application fees or prepayment fees. The loan origination fees vary from 1.99% to 4.99%, though most loans will have a loan origination fee of 4.99%*.
Here are the costs associated with a FreedomPlus loan*:
- APR: 7.99% to 29.99%
- Rates: 5.99% to 26.99%
- Loan Term: 2 to 5 years
FreedomPlus Customer Service
Expert Loan Consultants work with borrowers to tailor the best loan terms, rates, and discounts for them. And every day of the week, customer service representatives are ready to provide any help you need. Customers can create online accounts to manage their loans and access FreedomPlus resources.
Freedom Plus Reviews
FreedomPlus has an extensive history of customer reviews on impartial platforms like the Better Business Bureau(BBB).
FreedomPlus has an overall A+ BBB rating, as most customer concerns are adequately resolved. FreedomPlus appears to be very willing to handle customer concerns and inquiries over email, phone, or messages on the BBB.
How to Apply with FreedomPlus
Applying for a loan with FreedomPlus is easy. You can get started right away on the FreedomPlus website.
To receive an initial decision, you will need to provide the amount of money you want to borrow, the purpose of your loan and basic personal information (name, address, phone number, income, etc.). Within 2-3 hours a credit decision is made and if you qualify you’ll receive loan application documents.†
Applying for a FreedomPlus loan is similar to applying for a personal loan with other lenders. In some ways, they make the process even easier. For example, FreedomPlus accepts co-borrowers and doesn’t charge a prepayment penalty if you want to save on interest by paying your loan back faster.
Make sure you’re prepared with all the necessary documentation if you want to make a formal loan application. This typically includes, but is not limited to, a government ID and social security number. If your loan is approved, your funds will be sent from FreedomPlus.
