1. DEBT RELIEF

#MyFreedomDebtStory: The Story, the Contest, the Winners

#MyFreedomDebtStory: The Story, the Contest, and the Winners
BY Aimee Bennett
 Updated 
Mar 14, 2025

What a year!

Around the country and around the world, everyone has been adapting to a “new normal.” Amid all the changes and adjustments, we’re celebrating! It’s time again to honor some of the best and brightest stories of clients who’ve paid off all the debt they enrolled in the Freedom Debt Relief (FDR) program.  

It has been our privilege to help our clients move forward and toward a brighter financial future. To bring some of their inspiring stories to light, we asked program “graduates” to submit videos summarizing their experiences in the program. With great difficulty, we selected five winners to receive $5,000 each, to help them toward their next financial goal. Join us in celebrating the winners of the Second Annual #MyFreedomDebtStory contest!

The Contest

The goal of the #MyFreedomDebtStory contest was to hear real stories from real clients who graduated from our program, in their words, about their experiences in the Freedom Debt Relief program. We invited our graduates to submit short videos and confirmed that each submission was from a FDR graduate.

Our panel of judges – six experienced professionals from the Freedom team – reviewed and evaluated each video, using a specific set of criteria and an objective point system. Key criteria we looked for included:

  • Adherence to theme: How FDR helped in addressing the client’s debt and moving their finances forward 

  • Content: Compelling elaboration around aspects of the program that were particularly helpful and relevant for the client

  • Tone: Authenticity, depth of genuine feeling, ability to inspire others

  • Video production and quality, including clear audio and articulation

We’ve been absolutely stunned by the heartfelt stories, gratitude and emotion our graduates conveyed in the videos…and hope you will feel the same. Learn more about these moving stories, and watch their videos, below.

The Winners

Kevin C

Kevin C: “When I did all my research, FDR was the best solution… I was able to talk with a human, someone who actually cared.” 

As an actor, personal trainer, narrator and special-events presenter in Los Angeles, Kevin is a gig worker. He is paid not through a salary, but for the individual jobs he does. “That’s where the debt story starts,” he explains. While his bills came in consistently, his jobs and income didn’t, and debt accumulated. After exhausting all other means, he did his research and contacted FDR. “It was extreme stress relief, and an extremely easy process. I just had to make one payment a month in a program that was customized to what I could afford.” 

Donna H

Donna H: “They (Freedom Debt Relief) will work with you. They don’t let go. They hold you through the whole process.”

The North Carolina resident thought she had lost everything. “I had lost my job, I was living off credit cards and I was in debt up to my eyeballs.” Wanting to avoid filing for bankruptcy, she called FDR after reading about the program. She found the agent that day – and every day she called – helpful and hopeful. “It was a joy talking to them. I looked forward to it.” Donna says she was done before she knew it. “It was a glorious day!” 

Luis M

Luis M: “Lo and behold, it worked.”

Luis, from New Rochelle, New York, had just two years left to retire – and was in over his head in debt. “That was a burden I didn’t want when I was retired.” FDR was the opportunity he was seeking to find his way out. “They took me through, step by step, with no hassles.” Today, Luis is retired – and glad he went with the FDR program.

Annette G

Annette G: “I found compassion, understanding – and a plan.”

In 2016, Annette, a dental professional in Idaho, felt paralyzed, depressed and lethargic. All she could think about was the debt hanging over her head. “I felt I had no options; there was nothing left.” She says she’ll never forget the relief she felt after making her first call to FDR, and how much different her life is today. “It never would have happened had I not made that call. I am so grateful for FDR.”

Melissa N

Melissa N: “I finally could see a light at the end of the tunnel!”

Now retired in North Carolina, the former engineer calls herself a “closet debtor.” Living in New York, Melissa had been working in a lucrative position, and thought she was managing her debt. Instead, she found herself getting deeper and deeper into debt. She kept it to herself; her family, friends and even her children didn’t know about her situation. Feeling “stupid, embarrassed, debilitated and frustrated,” she contacted FDR, and with increased confidence, began the program. “FDR was so helpful and resourceful,” she says. “And after 40 months, I paid off my debt. I had debt relief and stress relief.”

Will Your Story be Next?

Can you relate to where these winners started out, burdened by debt? If so, you’re definitely not alone; and we’re here to help. No matter what your situation, we’ll listen to you and treat you with respect, empathy, and understanding.

When you’re ready to put your debt behind you, Freedom is here, doing what we do best. We hope you’ll be the one sharing the next #MyFreedomDebtStory.

*Disclaimer: The stories told here came from actual graduates of the FDR program and represent their own experiences with Freedom Debt Relief. The graduate’s endorsement is a paid testimonial. Individual results are not typical and will vary.

A look into the world of debt relief seekers

We looked at a sample of data from Freedom Debt Relief of people seeking debt relief during November 2024. This data highlights the wide range of individuals turning to debt relief.

Credit Card Usage by Age Group

No matter your age, navigating debt can be daunting. These insights into the credit profiles of debt relief seekers shed light on common financial struggles and paths to recovery.

Here's a snapshot of credit behaviors for November 2024 by age groups among debt relief seekers:

Age groupNumber of open credit cardsAverage (total) BalanceAverage monthly payment
18-253$9,011$282
26-355$12,647$390
35-506$16,172$431
51-658$16,725$529
Over 658$17,047$499
All7$15,142$424

Whether you're starting your financial journey or planning for retirement, these insights can empower you to make informed decisions and work towards a more secure financial future

Credit card debt - average debt by selected states.

According to the 2023 Federal Reserve Survey of Consumer Finances (SCF) the average credit card debt for those with a balance was $6,021. The percentage of families with credit card debt was 45%. (Note: It used 2022 data).

Unsurprisingly, the level of credit card debt among those seeking debt relief was much higher. According to November 2024 data, 88% of the debt relief seekers had a credit card balance. The average credit card balance was $15,618.

Here's a quick look at the top five states based on average credit card balance.

StateAverage credit card balanceAverage # of open credit card tradelinesAverage credit limitAverage Credit Utilization
District of Columbia$16,9677$24,102121%
Arkansas$12,9899$28,79183%
Tennessee$13,8229$27,26182%
New Mexico$11,8608$25,73182%
Kentucky$12,8348$26,15681%

The statistics are based on all debt relief seekers with a credit card balance over $0.

Are you starting to navigate your finances? Or planning for your retirement? These insights can help you make informed choices. They can help you work toward financial stability and security.

Manage Your Finances Better

Understanding your debt situation is crucial. It could be high credit use, many tradelines, or a low FICO score. The right debt relief can help you manage your money. Begin your journey to financial stability by taking the first step.

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