FREED

FREED is a consumer debt relief platform operating in India that helps borrowers who are unable to keep up with EMI payments on unsecured loans. Its product set covers four areas: loan settlement, where overdue loans are negotiated for settlement at a reduced amount; loan consolidation, aimed at borrowers juggling multiple EMIs or credit card dues; Credit Insights, which helps users understand their credit and financial health; and FREED Shield, which lets borrowers facing recovery harassment escalate complaints with supporting evidence directly to the lender. The company also publishes an EMI Score tool, a free assessment that lets a borrower gauge their EMI burden and loan affordability.

The company describes itself as India's first comprehensive loan settlement platform, launched in August 2020. It supports customers through one-on-one consultations in five languages, including Hindi and English, and maintains an educational blog covering topics such as CIBIL scores, FOIR, credit card limits, minimum amount due, and the credit implications of debt relief. FREED distributes its service through a website and a mobile app listed on the Play Store.