Freedomplus was founded in 2013 as a subsidiary of Freedom Financial Network. Freedom plus is a peer to peer online lending company offers near-prime loans for items like debt consolidation, medical expenses, weddings, home improvements and any major purchase. We found the Freedomplus website is extremely easy to navigate and have a great offering plan that they describe as the Freedom 5.

Freedomplus is one of the few lenders that offer co-signing. If you are struggling to qualify for a loan and you are on the road to recovery, freedomplus may be a great option for you.  They do not offer loans in 15 states. Check to make sure you are eligible to apply. Their interest rates are very competitive starting at 5.99% and they are leading the market with innovative ideas. We especially like the simplicity of their design and ease of use. We did review Trustpilot and consumer affairs and both reviews are close to excellent.

  1. Consolidate your debt, choose the payment date that works best for you
  2. Customer support standing by and they will contact you very quickly
  3. Loans completed in 72 hours
  4. No hidden fees, no prepayments fees, and the rate never changes
  5. Save thousands on high-interest credit card debt

This diagram from the Freedomplus site describes their fast loan process

Apply Now with Freedomplus

Freedomplus Snapshot

  • Loan Amounts:  $10,00 to $40,000 
  • Credit Score:  620+  Rates decrease with a qualified Co-signer or a retirement fund with a minimum of $40,000
  • Get your money within 72 hours
  • APR:  5.99% to 29.99% 
  • Terms:  2 to 5 years
  • Fees:  Origination fees range from 0 to 5%
  • Minimum income of $30,000 to apply
  • Excellent reputation with an A+ rating with the BBB
  • unemployment protection
  • Soft Pull only to start
  • Debt to income of 40%
  • Freedomplus Stands out by offering co-signer/co-borrowing loans

Freedomplus is Available in 35 states and Washington D.C.

Alabama Washington Minnesota New Jersey South Carolina
Alaska Florida Kentucky Mississippi New Mexico South Dakota
Arizona Georgia Louisiana Missouri North Carolina Tennessee
Arkansas Idaho Maryland Montana Ohio Texas
California Illinois Massachusetts Nebraska Oklahoma Utah
Delaware Indiana Michigan Nevada Pennsylvania Virginia

Detailed Terms and Conditions

Bottom Line

Freedomplus Detailed Review

Freedomplus Snapshot

  • Loan Amounts:Up to $40,000
  • Credit Score:620+ | Interest rates decrease with a qualified Co-signer or a retirement fund with a minimum of $40,000
  • Struggling to qualify for a loan and need a Cosigner? Contact Freedomplus Today

    Credit score to qualify without cosigner: minimum of 640+

  • APR:  5.99% to 29.99% 
  • Terms:  2 to 5 years
  • Fees:  Origination fees range from 0 to 5%
  • Freedomplus Stands Out
    • Offering co-signer loans
    • Minimum income of $30,000 to apply
    • Soft Pull only to start
    • Debt to income of 40%

What's good about FreedomPlus?

We recommend Freedom plus when

  • When you have good credit or you require a co-signer
  • Reside in one of the states that Freedom Plus operates in

What's bad about FreedomPlus?

We recommend not to apply with Freedom plus when

  • You have Fair or Poor Credit and do not have a co-signer
  • You don't live in one of the states that Freedom Plus operates in
Loan Amounts Loans from $10,000 to $40000
Required Credit Score 620+ without a cosigner Average borrower has a 720 credit score
Doesn't lend in Colorado,  Connecticut,  Hawaii,  Kansas,  Maine,  New Hampshire,  New York,  North Dakota,  Oregon,  Rhode Island,  Vermont,  Wisconsin,  West Virginia,  Wyoming,  Iowa
Minimum Annual Income $30000
Types of Income Salaried, Other Income is considered
Variable Rate Option Not Available
APR Range Rates starting at 5.99% - 29.99% Rates decrease with a qualified Co-signer or a retirement fund with minimum of $40,000
Loan Term 2 - 5 Years
Repayment Schedule Monthly
Credit Inquiry Initial Inquire - Soft Hard Inquiry - after loan is chosen
Fees and Closing Costs Origination Fees of 0 - 5%, No prepayment Fees
Secured Loans Unsecured
Co-Signer Yes - call and talk to a Loan Consultant
Direct Deposit Yes
Loan Purpose Personal Loan
Qualifications US Citizen, 18 years of age and older
Allows Military Not Available
Insurance No Credit Insurance
Legal Documents Required US Citizen
Number of Offers Not Applicable
Customer Service Personal Service from Loan Consultants

How is Freedomplus Funded?

All loans available through FreedomPlus.com 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 5.99% 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 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, 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 also qualify for the lowest rate available.

Contact Information

Freedom Financial Asset Management, LLC 2114 E Rio Salado Blvd Tempe, AZ 85281

By Mail: PO Box 2340 Tempe, AZ 85002-2340

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All loans available through FreedomPlus 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 5.99% to a maximum of 29.99 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 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, 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 also qualify for the lowest rate available.