Of course, this timeframe is not guaranteed, but it is a good barometer of how quickly you can expect your money if everything goes as planned. How Long Does a FreedomPlus Loan Take?Īccording to FreedomPlus, it can make credit decisions the same day and deliver the funds to your bank account within 72 hours of you uploading all of your supporting documents and signing the contract. Remember, a preapproval is not an approval, as you still need to go through a more detailed underwriting and qualification process. If you are preapproved, a loan consultant will contact you via phone or email to go through the specifics of your loan offer.
Once you submit all the required information, FreedomPlus will tell you whether you are preapproved for a loan or not.
#FREEDOM PLUS COMPLAINTS FOR FREE#
Then you enter your estimated credit score, which you can get for free from sites like Credit Sesame or Credit Karma, your state, and other personal data. You then choose what you plan to use the money for most will use this loan to consolidate debt, but there are nine other options. From here, you select how much you need to borrow, which can be anything between $7,500 and $40,000. With this information in hand, head to the FreedomPlus website and click the “Apply Now” button. Live in one of the 36 states FreedomPlus is available in.įreedomPlus is available in 36 states excluding Colorado, Connecticut, Hawaii, Kansas, Maine, New Hampshire, New York, North Dakota, Oregon, Rhode Island, Vermont, Wisconsin, West Virginia, and Wyoming. You can also use them for home improvement, weddings, vacations, moving expenses, and more. Not only does a FreedomPlus personal loan give you that faithful light at the end of the tunnel, but it can also simplify your life by reducing the number of payments you have to remember to make.īecause FreedomPlus loans are personal loans, you do not have to use them just for debt consolidation. Unlike credit cards, which are revolving accounts that seemingly bury you in interest each month, the FreedomPlus loan is a fixed-term solution that has a specific end date and equal monthly payments. According to the Federal Reserve, with the average American household carrying $8,683 in credit card debt with an average APR of 14.99%, it’s apparent that some homes have overextended.Īnd this is where companies like FreedomPlus swoop in to save you money.įreedomPlus allows you to rid yourself of those interest-sucking revolving credit cards with fixed-term loans that have more manageable interest rates.īut how does it all work, and how much can you save using FreedomPlus? How FreedomPlus WorksįreedomPlus works by gathering all your high-interest credit cards – you know, the ones that have a 26.9% APR – and issues you a loan to pay off the balances.
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