San Mateo, Calif. (PRWEB) January 15, 2014
Freedom Financial Network (FFN), the nation’s largest negotiator of consumer debt, reported year-end results that include an increase of 43 percent in the resolution of debt for its clients.
Resolving a total of $657 million of debt during the year, FFN negotiated resolutions on 111,895 individual creditor accounts – up more than 41 percent over 2012. The company negotiated resolutions on behalf of 51,000 clients, an increase of 34 percent over the prior year. FFN’s results equate to negotiating $1.8 million of debt each day throughout the year, or more than $75,000 each hour.
The year’s results include fourth-quarter (October through December) resolution of $175.9 million of debt across 31,492 individual credit accounts. Those figures are up 13.3 percent and 17.5 percent respectively over the previous quarter.
"These impressive results continue to confirm Freedom Financial Network’s leadership position in the industry and ability to help clients get out of debt," says Andrew Housser, co-founder and CEO. Pointing to the October 2013 three-year anniversary of the Federal Trade Commission (FTC)’s rules regulating the debt relief industry, he explains that the rules benefit consumers by allowing the good companies in the industry, which deliver results, to thrive. "Freedom Financial Network has always been the strongest company in the debt relief industry, and the most committed to obtaining results for clients," he states. "The environment the company operates in today allows it to be rewarded for doing so."
The FTC rules include the Advance Fee Ban, which requires debt relief companies to renegotiate, settle or reduce the terms of a consumer’s debt, with his/her agreement, before collecting fees.
FFN is a consumer credit advocate that negotiates directly with creditors on consumers’ behalf to resolve debt balances. Offering an alternative to credit counseling, debt consolidation and bankruptcy, the company’s debt relief program helps clients resolve their unsecured debt, often in 24 to 48 months.
Freedom Financial Network (http://www.freedomfinancialnetwork.com)
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through the FFN family of companies – Freedom Debt Relief, Freedom Tax Relief, ConsolidationPlus, FreedomPlus and Bills.com – FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation, debt resolution, debt settlement and tax resolution services for consumers struggling with debt. The company, which has resolved more than $2 billion in debt for more than 200,000 clients since 2002, is an accredited member of the American Fair Credit Council, and a platinum member of the International Association of Professional Debt Arbitrators.
Based in San Mateo, Calif., FFN also operates an office in Tempe, Ariz. The company, with more than 600 employees, was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012 and 2013, and in the Phoenix area in 2008, 2009, 2010, 2012 and 2013. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.