Freedom Plus Review

By Kevin Mercadante

Company profile:

FreedomPlus is a personal lender specializing in debt consolidation loans. It is a subsidiary of Freedom Financial Network (FFN), which was founded back in 2002 by a duo of brilliant financiers from Stanford Business School. Operating from two offices in California and Arizona, the company has now expanded to a collection of more than five different operations – all designed to help people through financial difficulties. FreedomPlus is the personal lending arm of FFN, founded and designed to offer one of the most personalized loan products on the market. 

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The team at FreedomPlus has more than 150 years combined experience in finance and business and FFN itself has been recognized on the Inc. 500 list, the Hot Companies list, and is a charter member of the American Fair Credit Council. Founding duo Housser and Stroh are also winners of the same Young Entrepreneurs award that Google and eBay have collected.

Service profile:

FreedomPlus offers a highly personal loan application process, resulting in a loan customized to fit each individual borrower. FreedomPlus borrowers can request a loan of $10,000-$35,000 for credit cards, debt consolidation, home improvements, weddings, vacations, auto, medical and more. FreedomPlus offers rates from 4.99% APR-29.99% APR and terms from 24-60 months. We went through the process multiple times, testing with lower credit scores and different loan types and were always eligible for a loan.

APR and repayments are discussed and negotiated in a loan consultation with one of FreedomPlus’s loan consultants. These rates are assessed based on the information provided during the initial signup, and further details requested by the analyst. Most FreedomPlus borrowers must have a minimum FICO score of 650+. Borrowers with a score in the 650 range will likely experience higher APRs, but these rates will be calculated on the supposed ‘higher risk’ of the consumer.

Loan Features

  • $10,000 - $35,000 
  • Rates from 4.99% APR-29,99% APR
  • Fast approval
  • Rate discounts for borrowers who add a co-applicant, have retirement assets, or let FreedomPlus use the loan to make direct payments to creditors
  • Funding in as little as 2 days
  • No prepayment penalties
  • No hidden fees

Loan Application Information

To apply for a loan from Freedom Plus, you may have to provide the following information:

  • Paystubs
  • W-2 forms
  • Social security number
  • Proof of identity
  • Proof of income
  • Employment status


Most of the loan application for a FreedomPlus product is conducted online, but there may be requirements for faxed documents. After the initial application, a sales representative will get in touch by phone to discuss options. While the website doesn’t advertise a minimum credit score, we found it to be around 650.

Repayment terms:

Repayment of FreedomPlus loans are made through the normal channels, with automated electronic funds transfer being the preferred method. Dates and terms are agreed upon before signing the product contract – but borrowers are able to reduce this term by making early payments (without penalty).

Help and support:

FreedomPlus customer support is operated through Freedom Financial Network, meaning borrowers have access to the expertise and knowledge of some extremely highly qualified financiers. Bills.Com is one of FFN’s most successful services and it offers an array of tools and calculators for financial issues, along with a free Q&A section manned by experts.


FreedomPlus has a lot to live up to, as one of the subsidiaries of a highly-successful parent company, Freedom Financial Network. While information for interested parties might be a little thin on the ground, we have found a multitude of satisfied borrowers who have been thrilled with rates and repayment options on offer to them. This highly private and personalized loan system has been helping struggling consumers for more than a decade and wouldn’t still be around if it wasn’t working.

Physical address:

1875 South Grant Street,

San Mateo, CA 94402


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