Study: Freedom Debt Relief Helps Clients Reduce Stress
- UpdatedJan 6, 2025
- Researchers at Arizona State University found that Freedom Debt Relief program graduates had less financial stress than consumers who qualified to enroll but chose not to.
- Graduates were more likely to report better sleep, healthier relationships and improved quality of life.
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The Freedom Debt Relief program may reduce stress
When you’re dealing with debt, you may feel stressed and out of control—both financially and emotionally. But what if there was a way to curb that stress and start feeling better about your situation? A recent study from the L. William Seidman Research Institute at Arizona State University suggests that Freedom Debt Relief may have the answer for your debt stress.
Wish you could feel less stressed?
As you may know, Freedom Debt Relief negotiates with creditors to get you out of debt faster and for less than you . But it turns out that folks who sign up and complete our debt settlement program feel less stressed than people who are struggling with debt and could have signed up, but didn’t.
In fact, the study found that compared to those who never enrolled in Freedom Debt Relief, clients who graduated from the program:
Believe they are more in control of important things in their lives
Think things are going their way
Feel less overall stress than people who never signed up
Using an assessment called Perceived Stress Scale, the research institute concluded that Freedom Debt Relief graduates reported feeling 21% less stressed than those who never enrolled.
Looking for a sense of empowerment and well-being?
If you have ever shouldered the weight of overwhelming debt, you know that debt stress carries over into other aspects of your life. It affects your personal relationships, worsens your emotional state, and makes it harder to sleep at night.
However, Freedom Debt Relief graduates say that once this weight is lifted off of them, they see an improvement to their overall emotional and physical wellbeing. In fact, compared to folks who didn’t sign up:
6% more Freedom Debt Relief graduates feel more empowered to make changes to their lives
7% more Freedom Debt Relief graduates said they had strong and healthy personal relationships
11% more Freedom Debt Relief graduates feel they can take steps to improve their quality of life
6% more Freedom Debt Relief graduates stated that they sleep well at night
Being in debt can feel like a hopeless situation, like you’re trapped and there’s no way out. But our program could help guide you out of debt and back on the path to a brighter financial future. Not only could it help reduce your stress, it could lead to a better outlook on life in general.
Take the first steps toward reducing your debt stress
If your debts are adding to your stress or you’re worried about falling behind on payments, it might be time to take action. Freedom Debt Relief is here to help you understand your options for dealing with your debt, including our debt settlement program. Our Certified Debt Consultants can help you find a solution that will lead you to less stress and a better financial future. Find out if you qualify right now.
Debt relief stats and trends
We looked at a sample of data from Freedom Debt Relief of people seeking debt relief during November 2024. The data uncovers various trends and statistics about people seeking debt help.
Age distribution of debt relief seekers
Debt affects people of all ages, but some age groups are more likely to seek help than others. In November 2024, the average age of people seeking debt relief was 49. The data showed that 17% were over 65, and 18% were between 26-35. Financial hardships can affect anyone, no matter their age, and you can never be too young or too old to seek help.
Student loan debt – average debt by selected states.
According to the 2023 Federal Reserve Survey of Consumer Finances (SCF) the average student debt for those with a balance was $46,980. The percentage of families with student debt was 22%. (Note: It used 2022 data).
Student loan debt among those seeking debt relief is prevalent. In November 2024, 27% of the debt relief seekers had student debt. The average student debt balance (for those with student debt) was $48,703.
Here is a quick look at the top five states by average student debt balance.
| State | Percent with student loans | Average Balance for those with student loans | Average monthly payment |
|---|---|---|---|
| District of Columbia | 34 | $71,987 | $203 |
| Georgia | 29 | $59,907 | $183 |
| Mississippi | 28 | $55,347 | $145 |
| Alaska | 22 | $54,555 | $104 |
| Maryland | 31 | $54,495 | $142 |
The statistics are based on all debt relief seekers with a student loan balance over $0.
Student debt is an important part of many households' financial picture. When you examine your finances, consider your total debt and your monthly payments.
Regain Financial Freedom
Seeking debt relief can be the first step toward financial freedom. Are you struggling with debt? Explore options for debt relief to regain control of your finances. It doesn't matter how old you are or what your FICO score or credit utilization is. Take the first step towards a brighter financial future today.
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