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FreedomPlus

FreedomPlus
Overall Satisfaction Rating 4.22/5
  • 5 stars
    44
  • 4 stars
    2
  • 3 stars
    0
  • 2 stars
    2
  • 1 stars
    6
Based on 54 ratings submitted in the last year

FreedomPlus creates a unique lending experience by providing you with a personal consultation where you can discuss your financial goals and needs with a loan consultant over the phone. Through its simple yet sophisticated application and vetting process, FreedomPlus offers a custom rate based on your job profile, payment history, and several other factors—not just your credit score. You could even qualify for exclusive rate discounts from FreedomPlus just for applying with a co-borrower, using your loan to pay off debt, or having retirement assets. Contact us today to learn more about our service or to start your application process!

BOTTOM LINE

FreedomPlus is an online loan broker that provides loans from $7,500 to $40,000. Get approved in less than a day, and you could receive funds in as little as 48 hours.

PROS

  • Work with a certified loan professional
  • Easy online application & approval
  • Get funds in less than 48 hours

CONS

  • Minimum loan amount is $7,500

Top FreedomPlus Reviews We Found

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Rated with 5 stars
Verified Reviewer Verified Buyer

They were accurate and took time to answered all my questions. They make sure you understand everything before proceeding. Proceed with the term of the loan is totally up to you, no pressure from the agents. They make you feel in control. Thank you for your professionalism.

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Rated with 5 stars
Verified Reviewer

Applied for a personal loan with FreedomPlus. I was skeptical of an online loan. The application and loan process was quick and easy. Received a call from a loan consultant within minutes. Approved for the loan and now my credit card debt is paid off! The loan consultant was very helpful and friendly.

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How does FreedomPlus work?

FreedomPlus is an online company that provides quick and easy personal loans. Based on their “Freedom Five” motto, FreedomPlus strives to offer loans that are:

  • Simple, with one fixed monthly payment
  • Personal, with customer service that cares
  • Fast, with same-day loan decisions
  • Clear, with no confusing terms or agreements
  • Smart, as a practical option to meeting your financial needs

The eligibility requirements for a FreedomPlus personal loan are simple and don’t rely entirely on your credit score. The basic requirements for a FreedomPlus loan include:

  • A valid ID
  • A verified income
  • A bank account
  • A minimum credit score of 670

To find out if you qualify for a FreedomPlus loan, fill out the company's short online application. You receive a loan decision in as little as a day and could receive funds within 48 hours. One of FreedomPlus’ loan professionals contacts you to work out the details of your loan.

Once you’ve qualified for a loan, you can manage your terms and payments and check your loan status through your My FreedomPlus login.

What types of loans does FreedomPlus offer?

FreedomPlus loan amounts start at $7,500, but you could be eligible for up to $40,000 depending on your qualifications and the state you live in. Loan term lengths range from two to five years. FreedomPlus allows customers to use loans for multiple purposes, including:

  • Weddings
  • Home improvement projects
  • Large purchases
  • Debt consolidation
  • Medical expenses

It’s important to note that FreedomPlus isn’t available in every state, and the minimum loan amount varies in some areas.

StateMinimum loan amount
Arizona$10,500
Massachusetts$6,500
Ohio$5,500
Georgia$3,500

What fees does FreedomPlus charge?

FreedomPlus charges a one-time origination fee on its loans, which is a percentage taken out of the total loan amount. This percentage can be anywhere from 0% to 5%. There are zero early repayment fees, so you can pay back your loan in full anytime after the first payment.

The annual percentage rate (APR) of your loan varies based on your overall creditworthiness. Instead of basing your APR solely on your credit score, FreedomPlus’ credit professionals consider your past reliability and other factors. FreedomPlus’ APRs usually range from 6.99% to 26.99%.

Is FreedomPlus worth it?

FreedomPlus offers fast loans for every situation with amounts ranging from $7,500 to $40,000 and terms ranging from two to five years. The company doesn’t charge early repayment fees, so you’re able to pay off your loan early. If you’re in search of quick cash, FreedomPlus’ online loans could be the right option for you.

FreedomPlus Reviews

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How do I know I can trust these reviews about FreedomPlus?
How do I know I can trust these reviews about FreedomPlus?
  • 2,435,055 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 11, 2020

From the start is was so simple. I read a lot of negative reviews so it worried me, however my experience so far was nothing like that. Within a day I was approved. I don’t have a perfect credit score or anything. I just bought a house so I needed to consolidate my debt to pay it off faster. All the representatives I had to deal with were wonderful and very helpful. I couldn’t be happier.

2 people found this review helpful

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 28, 2020

    Alex ** was absolutely amazing to work with. We feel so blessed in how he went above and beyond to help us and explain all the benefits of going with a FreedomPlus loan. His service was impeccable and he was never pushy in any way.

    FreedomPlus response

    Terrific feedback, Anna! It's always amazing to hear clients express how wonderful of an experience they've had with us. We are happy to serve your financial needs. Thank you for choosing FreedomPlus as your guide to financial freedom.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 9, 2020

    The loan process was very fast and I would recommend this company to anyone. I had my funds in a couple days. I didn't have to spend hours on the phone talking to anyone or the computer sending tons of documents.

    FreedomPlus response

    Thank you, Robert, for sharing with us! We'd like to take this opportunity to welcome you to FreedomPlus and wish you the very best financial future. Please let us know how we can support your journey to financial freedom. Thank you for choosing FreedomPlus to reach your financial goals.

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    Rated with 5 stars
    Verified Reviewer
    Original review: Oct. 31, 2019

    Applied for a personal loan with FreedomPlus. I was skeptical of an online loan. The application and loan process was quick and easy. Received a call from a loan consultant within minutes. Approved for the loan and now my credit card debt is paid off! The loan consultant was very helpful and friendly. Gave me different options of loan terms and Annual percentage rates! Offer direct pay to your creditors!!

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 25, 2019

    FABULOUS. Thank you so much for helping me with paying off my credit cards. If it wasn't for me being able to get the loan in a timely manner and Paying off my Credit Cards I just don't know what I would do. Because of all of my unexpected family emergencies is how I was so far in debt. I didn't realize how much money I owed on my Credit Cards until you were able to help me with this matter. Thanks so much for your help and support.

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    Rated with 5 stars
    Verified Reviewer
    Original review: May 3, 2020

    This was by far the easiest and fastest loan process my wife and I have ever experienced! I have waited longer to be approved for a car with my local bank. I highly recommend FreedomPlus for consolidating or home improvements. Thank you Kathi ** for your work with us.

    FreedomPlus response

    Our pleasure, Shon. Thank you for sharing with us how pleased you are with our service. Making sure we relieve our clients of their financial burdens remains a top priority. Be sure to contact our Loan Servicing Specialists if any questions come up. Thank you for being the best part of FreedomPlus!

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    Rated with 1 star
    Verified Reviewer
    Original review: April 23, 2020

    At first this was a great company, the loan was easy to get. We received the loan before all of the Covid-19 lock-downs. Our income was affected by this and they have not been cooperative at all. All of the other companies were willing to work with us and put 2-3 payments on the end but not FreedomPlus. They told us that because our loan was new that there was nothing they could do. It should not matter how new the loan is. It's not like we chose to have our income affected.

    FreedomPlus response

    We're terribly sorry to hear you and your family have been financially impacted by the pandemic. Many of our clients are suffering from similar challenges. We are sorry to hear your request could not be fulfilled at the time. However, we encourage you to reconnect with our Loan Servicing Specialists at (800) 297-5879 to review any options that may now be available. Thank you for voicing your concerns with us today and for choosing FreedomPlus.

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    Rated with 1 star
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    Verified Reviewer
    Original review: April 16, 2020

    Don't even bother with these crooks. Reached out about a consolidation loan with them and they initially seemed nice enough. Went through all of the hoops they want you to go through and was quoted an interest rate, and said underwriting just needed to verify employment. They claim it took 5 days to reach HR and that they called several times a day, but my HR Manager said the number they left said they were unable to complete the call and that she never received another call after the initial message.

    Finally after 5 days they call me and say oh we gave the incorrect number, have her call this one. They verify the same day and call me back with an interest rate 10% higher than what it was initially, claiming that since it took so long the interest rates skyrocketed in the mean time, even though interest rates are at a historic low right now. I respectfully declined because of the rate, they get rude and hang up. Fast forward a few weeks later and they call me stating my approval is about to expire and if I was still interested. I reconsider and decide to proceed knowing I'd most likely end up refinancing anyway after about 6 months, and it would be nice to only have the one payment. Get them more information, including my bank information (which I'm now worried about) and they call me the next day saying underwriting is now declining it because of my profession, that they are considering it high risk. Waste of time and very unprofessional company.

    FreedomPlus response

    We imagine this to be extremely frustrating, Mr. Wilder. This is certainly not the experience we'd prefer you to have. Our goal is to provide a simple way of obtaining financial freedom for our clients. If you still have concerns regarding your eligibility, please contact our Loan Consultants at (800) 297-5879. We appreciate the feedback and thank you for choosing FreedomPlus.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 4, 2020

    The process was quick and painless. I would highly recommend my loan expert I worked with. He was efficient and explained everything well. The entire process went so fast and there was was really minimal items I had to do. My loan officer was very personable too. I would highly recommend this company to a friend.

    FreedomPlus response

    Welcome to FreedomPlus! Thank you, Allison, for speaking so kindly about your Loan Consultant. We're glad to hear how pleased you are with the service that's been provided. Please know our advocates in Loan Servicing are also more than happy to answer any questions that come up. Thank you for choosing FreedomPlus to reach your financial goals!

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 31, 2020

    From start to finish everything was professional! The person who called me was very professional Chris was outstanding letting me know what we needed to get the ball rolling, I could recommend this service to anyone. Thank you for being there!

    FreedomPlus response

    Thank you, Stanley, for sharing this amazing feedback! We appreciate you recommending our service to others and are glad to hear you're pleased with our efforts. Be sure to contact Loan Servicing if any questions come up. We're available Monday - Friday to support your needs. Thank you for choosing FreedomPlus. Here's to financial freedom!

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    FreedomPlus Company Information

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    Company Name:
    FreedomPlus
    Website:
    www.freedomplus.com