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FreedomPlus Review

In a Nutshell

FreedomPlus provides borrowers a highly personalized loan package with rates and terms to match. Customers who choose FreedomPlus can benefit from funding in as little as 2 days, no prepayment penalties and no hidden fees.


  • Fast approval process
  • Highly personalized customer service


  • Website lacks basic information about loan terms
  • Borrowers with credit score under 670 may experience higher APRs

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FreedomPlus at a Glance

Loan types: Personal Loans

Loan amount: $10,000 - $40,000

Repayment terms: 24-60 months*

APR: 5.99% - 29.99%

Best for: Paying off high-interest debt


In 2014, Andrew Housser, co-founder of Freedom Financial Network, established FreedomPlus with the goal helping borrowers consolidate their high-interest debt with a loan. Since then the company has grown tremendously, originating over $1 billion in loans using a unique loan servicing model where borrowers can apply for a loan online then speak to a loan consultant over the phone to get a loan with rates and terms customized for their particular situation. Excellent customer service, competitively low rates, and flexible terms set FreedomPlus apart from other online lenders in the space. 

A member of Freedom Financial Network, the mission of FreedomPlus is to help borrowers find an affordable solution to debt. However, the company also offers loans for nearly any purpose, including home improvement, vacations, weddings, and more.

Loan Features

FreedomPlus offers loans from $10,000-$40,000. Rates very between 5.99% - 29.99% APR with terms from 24-60 months.
The ideal candidate for a FreedomPlus loan has multiple high-interest credit cards or other forms of unsecured debt and a good credit score. Through FreedomPlus, borrowers dealing with a high debt amount can roll all of their debt into a single loan with a lower rate, simplify their monthly payments, and pay off the debt faster than if they were making minimum payments. Since FreedomPlus has flexible rates and terms, borrowers can choose a loan that fits their exact needs and budget. 

Unlike other lenders, FreedomPlus offers discounted rates to borrowers who qualify. These discounts include:

Co-Borrower Discount
If you add an eligible co-borrower to your loan application
Retirement Asset Discount
If you prove you have over $40,000 in retirement funds like a 401(k) or ROTH IRA
Direct Pay Discount
If you allow FreedomPlus to use your loan to directly pay your creditors

The company offers a quick and easy online application, followed by the best personal loan consultation where borrowers can discuss their loan options with a knowledgeable and friendly consultant to get a custom loan offer.

Loan Application Information

FreedomPlus offers a highly personal loan application process, resulting in a loan customized to fit each individual borrower. 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 FreedomPlus loan application process is conducted online, but there may be a need for documents to be faxed. After the initial application, a loan consultant will get in touch by phone to discuss options. We went through the process multiple times, testing with lower credit scores and different loan types and were always eligible for a loan and found that 670 is the minimum credit score.

Once the initial application is completed, a loan consultant from FreedomPlus calls to discuss your APR and repayment terms. These rates are assessed based on the information provided during the initial signup, and further details requested by the analyst. Borrowers with a score in the 670 range will likely experience higher APRs, but these rates will be calculated on the supposed ‘higher risk’ of the consumer.

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). Length of terms range from 24-60 months.

Help and Support

FreedomPlus customer support is operated through Freedom Financial Network, meaning borrowers have access to the expertise and knowledge of extremely highly qualified professionals.

How FreedomPlus Compares 

5.99% - 29.99%
6.95% - 35.89% ***
5.99% - 18.82% (with AutoPay)
Min. credit score
Loan amounts
Loan term
24-60 months
36-60 months
24-84 months
Best for
Paying off debt 
Small loans
Borrowers with Excellent credit

Freedom Plus Freedom Plus Visit Site


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.

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Physical Address

1875 South Grant Street,

San Mateo, CA 94402


* All loans available through are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 4.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For example, a four-year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 4.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $14,000.00, and with a term equal to 24 months.  Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you qualify.

Michael has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, pay down debt and save for retirement. Michael is passionate about personal finance, saving money, and all things geeky.
Freedom Plus